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...“Spain is flourishing due to record tourism numbers and robust operational performance from the hotel operators,” said CBRE head of hotels for Europe Kenneth Hatton....
...But one of Europe’s biggest ever bank M&A deals was sealed at an IIEB meeting at the Brussels Hilton in 1997....
...“It will be compounded by hotel prices [going up while] tourists on a budget won’t be able to come to New York,” Carney added....
...Groups such as Hilton argue that small hoteliers benefit from franchise deals, which give them the power of a bigger brand....
...Hilton Hotels and Wyndham Hotels & Resorts were each down about 2.7 per cent....
...Other companies: General Dynamics, AT&T, Hilton, Biogen and Hasbro are all reporting before the bell. Chipotle, Ford, Whirlpool and Wyndham Hotels will report after the market closes....
...“In the short term this could be a bit challenging for hotels . . . but in the medium term it’s much better to have a flexible stock of Airbnb oversupply as opposed to permanent expansion of hotel room stock...
...Hilton Worldwide, Hyatt Hotels and Marriott International are all making a push into the extended stay market, while Best Western is expanding its footprint there....
...Hotels were the only part of the market to see a rise in transactions. The sector has enjoyed a post-Covid resurgence in travel that has boosted dealmaking....
...Meta, General Dynamics, AT&T, Hilton, Biogen, Hasbro, Chipotle, Ford, Whirlpool and Wyndham Hotels also report earnings....
...Hotel Chocolat’s acquisition last week by Mars handed a sweet payout of £280mn to the UK boutique chain’s founders. It also filled a hole in the family-owned US confectionery giant’s brand mix....
...Kaplan said the industry’s largest gain was on Blackstone’s buyout of hotel group Hilton Worldwide, which yielded more than $11bn in gains....
...Clarke ruled out changing Hotel Chocolat’s recipes. Hotel Chocolat last year announced the closure of its US stores after heavy losses and wrote off its investment in a Japanese joint venture....
...The sector’s resilience explains why Choice Hotels International is looking to check into rival Wyndham Hotels and Resorts....
...The business, which buys hotels across southern Europe and refurbishes them before leasing them out to hotel operators including the Ritz-Carlton, Hilton and Marriott, has since increased its portfolio more...
...The big hotel openings of 2024....
...The tech giant’s commitment is the largest among more than 40 companies including Hilton, Marriott, ISS and Starbucks, which together said they would hire more than 13,000 refugees....
...Choice Hotels International has gone public with a nearly $10bn hostile bid for rival Wyndham Hotels and Resorts, after six months of takeover talks to create one of the biggest US budget hotel operators...
...The mood stands in stark contrast with the alarms being raised outside of the Hilton Americas Hotel....
...Airfares and hotel prices, two volatile categories which can throw off the data, were both well behaved....
...He is a regular attendee at Cannes Lions, the marketing festival run by Ascential, where last year he threw an exclusive party in a lavish hotel featuring musical artist Lizzo....
...A public dispute played out in the pages of The New York Times between Seligman and the hotel’s owner, Henry Hilton....
...Chief executive Steve Squeri said the group had seen “continued strong demand for our premium products” and renewed its longstanding card partnership with the Hilton hotel chain....
...A new “Guest Favorites” feature, which directs users to the 2mn best-reviewed properties on the platform, was launched in November and is aimed at luring more customers away from hotels with its quality...
...group Hilton and oil and gas producer Hess will report earnings before the opening bell....
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