Hotel pricing by gut instinct and Excel spreadsheets is out. Operators are finally getting serious about revenue management. “Heads in beds.” That simple mantra drove the hotel business for decades.
Wyndham's management has cut $100M of permanent costs in response to the global pandemic. One-off costs related to Wyndham's spinoff, La Quinta acquisition, and two hotel management contracts have ...
Photo Credit: Focused businesswoman showing information on laptop screen to focused male colleague in lobby of hotel, contemplating whether artificial intelligence will lead to layoffs among hundreds ...
Host Hotels and Resorts HST reported second-quarter results that were mixed compared with our estimates, though we didn’t see anything in the quarter that would materially change our $23 fair value ...
President and CEO David R. Folsom described the quarter as marked by a modest reduction in hotel demand, noting, "the majority of our competitive set properties reporting year-over-year RevPAR ...