Hilton Grand Vacations' Quarterly Earnings Beat Rivals
Skift Take
- Hilton Grand Vacations clearly had the best report of the timeshare group with their 3Q results, with a solid beat of estimates.
- STR reported US hotel RevPAR rose 21.1% year over year for the week ended 11/5.
- JLL’s Hotels & Hospitality Group released its second annual Hotels Global Asset Management Report outlining tips for profitability and minimizing operational risks.
The DJIA plunged 647 points while Nasdaq was down 263, the S&P 500 fell 80 points and the 10 year treasury yield was up .03 to 4.15%. Lodging stocks were lower. HGV was one of the only gainers, up 7% while MCG was down -12%, SOND fell -10%, VCSA was down -9% and SLNA was down -8%.
Hilton Grand Vacations clearly had the best report of the timeshare group with their 3Q results, with a solid beat of estimates. HGV also significantly raised FY22 guidance and since it was more than the beat, it shows they are seeing 4Q results coming in better than they had expected.
STR reported US hotel RevPAR rose 21.1% year over year for the week ended 11/5. When compared with the week in 2019, RevPAR was up 1.1%.
According to the recent Hotel Construction Pipeline Report for Canada by Lodging Econometrics, LE analysts report that in the third quarter of 2022 the total construction pipeline in Canada s
