Hints and tips:
...The sector’s resilience explains why Choice Hotels International is looking to check into rival Wyndham Hotels and Resorts....
...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...
...Last week, for example, US budget hotel operator Choice made a $9.8bn public approach for rival Wyndham Hotels and Resorts after the latter broke off merger talks....
...Wyndham Hotels & Resorts, the company behind La Quinta and Howard Johnson, reported a one-third increase in net income, despite lower revenue....
...If there’s volatility around resort pricing, it’ll show up in hotels. And with the overall hotel index right on its pre-coronavirus pandemic trend, we aren’t terribly worried....
...A version of this article was first published by Nikkei Asia on March 14 2022. ©2022 Nikkei Inc. All rights reserved....
...But for Dimitris Manikis, president of Europe, Middle East and Africa for Wyndham Hotels, higher pay alone will not entice people to remain in the industry....
...Choice Hotels and Wyndham Hotels & Resorts, both of which run budget and longer-stay hotels, are trading on ratios that are twice as high....
...Large hotel operators including MGM Resorts, Marriott International, Hilton, Wyndham and Hyatt all granted their senior executives restricted stock or options in late February and March....
...Bar three small villages and one funky vacation-house development a few kilometres away, Costa Palmas is pretty much the only thing going on the East Cape....
...The commission chief was later forced to recant and insisted that holidaymakers could make the most of “smart solutions to have a summer vacation” as restrictions ease....
...A push upmarket has been expected since Airbnb acquired Luxury Retreats, a Canadian vacation rental company, in 2017....
...Wyndham Hotels & Resorts said its quarterly revenue per available room jumped 8 per cent, though the company’s 2019 outlook fell short of expectations. Shares were trading about 0.4 per cent lower....
...Buffett can only be the lender or insurer of last resort because he has been able to hold on to so much of his investors’ capital....
...Meanwhile, Wyndham Vacation Ownership will be a publicly traded timeshare company, headquartered in Florida and headed by its chief executive Michael Brown....
...Hilton announced earlier this year plans to carve out its Hilton Grand Vacations timeshare business, including its property, and turn it into a real estate investment company called Park Hotels & Resorts...
...“You go to the public markets now because it’s the last resort.”...
...Hotels & Resorts....
...In this case, it was the high-end timeshare resort membership model pioneered by the likes of Wyndham Vacation Ownership, Marriott Vacation Club and Sheraton Vistana....
...Hotel stocks fell as well: Wyndham Worldwide declined 1.2 per cent to $76.15, while Hyatt Hotels fell 2.1 per cent to $48.80....
...It also sealed the sale of its timeshare vacation business to Interval Leisure Group for $1.5bn, as part of its asset-lite strategy....
...In the past year, Wyndham and InterContinental Hotels Group have invested millions of dollars in start-ups or announced digital initiatives....
...Marriott International’s $12.2bn approach for Starwood Hotels & Resorts only signals the beginning of a fresh round of dealmaking in the sector....
...Wyndham, which owns the Super 8 and Days Inn brands, is a “lower probability” than IHG, said Patrick Scholes, an analyst at SunTrust. “Wyndham is more on the economy scale . . ....
...InterContinental Hotels Group has held early stage talks with Starwood Hotels & Resorts over a union to create the world’s largest hotel group, said two people familiar with the discussions....
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