Ryman, Summit and Apple Report Growth
Ryman and Apple Hospitality both reported earnings beats, with Ryman raising its dividend and Apple buying back shares and tightening guidance, while Summit grew results despite hurricanes.
Alan Woinski
Alan is the founder of the Daily Lodging Report, now owned by Skift, and remains editor. He also founded the Gaming Industry Daily Report and Gaming Industry Weekly Report which remains under the ownership of Gaming USA Corporation, owned by Alan and his wife Kim. Alan and Kim recently moved from Bergen County, NJ to Southwest, Florida and are loving the SWFL lifestyle. Both Alan and Kim recently became grandparents for the first time to a beautiful baby girl.
Thailand Plans to Double Passenger Capacity by 2032
Thailand aims to invest $2.86 billion to double passenger capacity at six major airports to 246.5 million by 2032 to support tourism growth.
Marriott and Choice Report Q3 Earnings
Choice Hotels’ Q3 results led to a stock uptick, while Marriott’s mixed report and lower Q4 guidance saw its shares decline despite share buybacks and a new cost-cutting plan.
Alan Woinski and Kim Woinski |
Hyatt Plans 200 More Hotels in Asia Through 2032
Hyatt Hotels plans to expand its Asia-Pacific portfolio by 67% with over 200 new hotels to meet rising demand from young, affluent travelers.
KSL Sells Davidson Hospitality
Nautic Partners acquired Davidson Hospitality Group from KSL Capital Partners, with KSL remaining involved as a manager, marking Nautic's entry into hotel management ownership.
Kim Woinski and Alan Woinski |
Hyatt Has Had a Good Year, But Stock Still Drops After New Guidance
Hyatt’s stock dropped over 6% after the company lowered its growth outlook, adjusted EBITDA, and free cash flow guidance for 2024.
Alan Woinski and Kim Woinski |
Grand Nikko Tokyo Daiba Sold for $691 Million
TPG Angelo Gordon, in partnership with Kenedix, is purchasing the Grand Nikko Tokyo Daiba hotel from Hulic Co. for $691 million as part of its strategy to invest in opportunistic real estate in Asia.
Taylor Swift-Fueled Surge in New Orleans Drives U.S. Hotel Industry Boost
U.S. hotel revenue per available room rose 9.3% year-over-year for the week ending October 26, with New Orleans leading top markets at a 77.6% RevPAR increase – thanks in part to a Taylor Swift performance.
Wyndham to Soon Open 300th Franchise in China
Wyndham Hotels & Resorts, the largest U.S.-based hotel company in China, has signed nearly 600 franchise agreements and opened almost 300 hotels in China over five years.
Sonesta Announces 30 New Franchise Agreements
Sonesta International Hotels Corporation signed 30 new franchise agreements across seven of its brands in Q3 2024.
Kim Woinski and Alan Woinski |