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Hawaii hotels underperform in October

Hawaii hotels reported flat RevPAR and decreased occupancy in October, while the Big Island continues to see negative hotel performance as a result of the Kilauea volcanic eruption. According to statistics released Tuesday by the Hawaii Tourism Authori.....»»

Category: topSource: bizjournalsNov 20th, 2018

Big Island hotel RevPAR dropped 12 percent in September as Kilauea effects linger

Hotels on Hawaii's Big Island experienced losses for the fourth consecutive month, reporting a 12.5 percent drop in revenue per available room to $122 in September, according to statistics released Monday by the Hawaii Tourism Authority. However, all .....»»

Category: topSource: bizjournalsOct 22nd, 2018

Park Hotels & Resorts RevPAR to outperform peers, says Nomura Instinet

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMar 14th, 2019

Host Hotels sees FY19 RevPAR growth is 0%-2%

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 19th, 2019

Choice Hotels: Q1 domestic RevPAR expected to remain unchanged

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 15th, 2019

Tempe sees hotel revenue increase in 2018

While the resorts in Scottsdale and the convention hotels in downtown Phoenix will always be hot areas in the Valley’s tourism scene, Tempe’s contributions continue to grow. In 2018, nearly 250,000 more hotel rooms were rented in Tempe, generat.....»»

Category: topSource: bizjournalsFeb 7th, 2019

Arizona’s tourism economy "feels the hurt" of government shutdown

An executive order from Arizona Gov. Doug Ducey has diverted state funds to the Grand Canyon National Park to keep it operational. It's the state’s most visited national park......»»

Category: topSource: bizjournalsJan 19th, 2019

Vail Resorts" (MTN) Shares Slump on Lowered EBITDA Guidance

Vail Resorts' (MTN) revenues and profits may be hurt as unfavorable weather conditions can affect skiers.....»»

Category: smallbizSource: nytJan 14th, 2019

Analyst Downgrades Hyatt Hotels Amid Slowing Global Economy

A more challenging economic backdrop could hurt the prospects of Hyatt Hotels Corporation (NYSE: H) and result in a significant slowdown in the company’s asset sales in 2019, according to Raymond James. Latest Ratin.....»»

Category: blogSource: benzingaJan 8th, 2019

SoftBank telco suffers rare Japan slump on debut after record IPO

SoftBank Corp shares tumbled more than 14 percent on debut, as investor appetite for Japan's biggest ever IPO was hurt by a recent service outage at the telecoms operator and worries over its exposure to Chinese telecoms gear maker Huawei......»»

Category: topSource: reutersDec 19th, 2018

Visit Baltimore CEO pushes for new tourism tax to help struggling hotels

Legislation creating a “tourism improvement district” in Baltimore is moving forward as the local hospitality industry continues to push for more funding to promote the city and its attractions. Council Bill 18-0293 will head to the full City Co.....»»

Category: topSource: bizjournalsNov 8th, 2018

It"s not all downhill: Once known as a ski destination, Crystal Mountain Hotels charts a new course

Ski operations opened on Crystal Mountain in 1962, but today the family-owned hotel chain is expanding its footprint and its reputation as a tourism hotspot......»»

Category: topSource: bizjournalsNov 7th, 2018

Stocks Slump Into the Weekend as Early Optimism Fades Away

Stocks ended the week on a downbeat note, hurt by Apple’s post-earnings slump, which overshadowed upbeat sentiment about trade and jobs......»»

Category: topSource: barronsNov 3rd, 2018

Hyatt Banks on Africa Tourism, Plans to Open 9 Hotels by 2020

Hyatt (H) increases its focus on the African market as favorable business environment and robust tourism spending therein are attracting hotel companies to the continent. Hyatt Hotels Corporation H has announced its plan to expand.....»»

Category: smallbizSource: nytSep 27th, 2018

Why the global slump won"t hurt the United States this time

China's economy is slowing, and trade war may make it worse. Currency crises in Turkey and Argentina are spilling over to other emerging markets. Italy looks shaky. And the UK economy is unsettled as the last Brexit deadline draws near......»»

Category: topSource: cnnSep 13th, 2018

Development of two Rancho Cordova hotels shows growth in city’s business travel, tourism markets

A Homewood Suites by Hilton is under construction and a TownePlace Suites is under design review with the city......»»

Category: topSource: bizjournalsAug 15th, 2018

Choice Hotels needs more consistent RevPAR for stock gains, says Barclays

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallAug 14th, 2018

Hotels jump on renovations to keep up with new San Francisco properties

From Union Square to Fisherman’s Wharf, hotels in some of the city’s busiest tourism hotspots are pouring money into top-to-bottom renovations as new hotels concentrate in SoMa and Mid-Market......»»

Category: topSource: bizjournalsJun 28th, 2018

Kauai leads hotel RevPAR growth with 14 percent May increase

All four major islands realized hotel RevPAR – revenue per available room – growth in May, with Kauai reporting the largest increase of 14.5 percent to $214, according to the Hawaii Tourism Authority. Statewide hotel RevPAR increased 8.1 percen.....»»

Category: topSource: bizjournalsJun 26th, 2018

SA hotels seek to create new district to boost tourism marketing

The City Council is expected to take a key vote later this month on the proposed district......»»

Category: topSource: bizjournalsJun 8th, 2018