The newly formed committee will update and expand the Uniform Systems of Accounts for the Lodging Industry (USALI) for US and International Financial Reporting Standards. continue reading →
Net income attributable to Vail Resorts, Inc. was $301.2 million for fiscal 2019, a decrease of 20.7% compared to fiscal 2018, which was positively impacted by U.S. tax reform. continue reading →
The Baird/STR Hotel Stock Index dropped 6.6% in August to 4,561. Year to date through the first eight months of 2019, the index is up 12.1%. continue reading →
Budget season is quickly approaching and that means its time to start planning for 2020, if you havent already. Budgeting for the upcoming year can be a tedious process but is a crucial opportunity to reassess goals and look to the future. continue reading →
Revenue in the second quarter 2019 of $16.2 million, comprised of $16.2 million generated entirely from New Investment Platform Hotels, a 1.2% decrease from $16.4 million generated by New Investment Platform Hotels in the $17.8 million 2018 second quarter Revenue that included $1.4 million of Legacy Hotel Revenue. continue reading →
xcluding hotels under renovation, Premium Branded hotels achieved 1.0% growth in RevPAR, 3.0% growth in revenue and 2.7% growth in Net Operating Income continue reading →
The Baird/STR Hotel Stock Index fell 1.0% in July to 4,883. Year to date through the first seven months of 2019, the index was up 20.0%. continue reading →
Second quarter reported diluted EPS totaled $0.69, compared to $1.87 in the year-ago quarter. Second quarter adjusted diluted EPS totaled $1.56, compared to second quarter 2018 adjusted diluted EPS of $1.73. Reported and adjusted diluted EPS for the 2018 second quarter included $0.26 of asset sale gains continue reading →