Topic: Second-Quarter Numbers
While commercial real estate investment fell in Q2 across Europe, hotel deals were up more than 5 percent.
Following a substantial fine for a data breach and slowing overall economic growth, Marriott lowered its guidance for the remainder of 2019.
Hyatt's net income improved more than 10 percent year over year, but the company lowered its adjusted EBITDA forecast for the remainder of 2019.
The company came out swinging in the first half of this year, recording its highest earnings in a decade. And nowhere was its performance stronger than in China.
Marriott missed its anticipated revenue numbers last quarter amid a push to remove under-performing hotels from its system.
Despite France's high threat level, hotel stays reached 107.1 million.
While numbers for the peak Easter travel season went to the first quarter of the year, Hyatt’s Q2 numbers were strong and its growth looks promising.
Between a new spinoff, a voyage into the sharing economy and solid Q2 results, Wyndham has been busy.
Total revenues and hotel franchising revenues for the second quarter increased 14 percent and 10 percent, respectively, compared to the same quarter in 2016.
Three global hotel companies have reported solid second quarters for the year, with earnings and room numbers both on the rise.