Labor costs reached highest growth rate of pandemic-era. U.S. hotel gross operating profit per available room (GOPPAR) fell year over year for a second consecutive month, according to CoStar’s June 2023 …
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Marriott International announced that its board of directors declared a quarterly cash dividend of 52 cents per share of common stock. The dividend is payable on September 29, 2023, to …
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Expedia Sees 15% growth in loyalty membership and increased contributions from the B2B segment due to more affordable travel options.
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Continued strong demand for air travel and high yields, EBIT in the second quarter at a record 1.1 billion euros.
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Anthony Capuano, President and Chief Executive Officer, said, “With continued momentum in demand for global travel, we posted another quarter of outstanding results. Second quarter worldwide RevPAR1 increased 13.5 percent, aided by …
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The SIA Group posted a net profit of $734 million in the first three months of FY2023/24, the highest quarterly performance in its history, amid robust demand for air travel …
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Switzerland’s biggest airline improved its first-half operating result to CHF 338.3 million. Total revenues for the first six months amounted to CHF 2.5 billion. The results reflect an extremely strong financial performance …
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Hilton Worldwide Holdings Inc. reported its second quarter 2023 results. Diluted EPS was $1.55 for the second quarter, and diluted EPS, adjusted for special items, was $1.63, both exceeding the …
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Meliá earned 49M in the 2nd quarter and confirmed its return to normal operating levels, recording a positive in revenue (+9.3% vs 2022) that boosted halfyear revenue to 909.7M (+22.7%)
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For Q2 2023, revenue increased 15% to $19.4 million and customer locations increased 7% to 124,000. Q2 net loss dropped 75% from $3.9 million in Q2 2022 to $978,000 in …
