Hotel News Resource - Financial News Financial Hotel Industry News EN Hotel News Resource - Financial News U.S. Hotel Stocks Flat for August 2018 Hotel Financial STR The Baird/STR Hotel Stock Index remained flat in August at 4,872. Year to date through the first eight months of 2018, the stock index was down 0.3%. Tue, 11 Sep 2018 10:20:14 EST GreenTree Hospitality Group Ltd. Reports Second Quarter 2018 Financial Results Hotel Financial GreenTree Inn Total revenues increased 20.3% year-over-year from RMB193.9 million for the second quarter of 2017 to RMB233.4 million (US$35.3 million)[1] for the second quarter of 2018. Total revenues increased 21.7% year-over-year from RMB360.2 million for the first half of 2017 to RMB438.3 million (US$66.2 million) for the first half of 2018. Thu, 23 Aug 2018 13:03:12 EST The Indian Hotels Company Reports Strong Q1 2018 Results Hotel Financial Taj Hotels 8 percent revenue growth - 26 percent EBITDA growth - 15 crore profit after tax Mon, 13 Aug 2018 12:01:42 EST LaSalle Hotel Properties Reports Second Quarter 2018 Results Hotel Financial LaSalle Hotel Properties The Company’s net income attributable to common shareholders was $32 million, which decreased by $24 million from the same period in 2017. The second quarter 2017 benefited from $11 million of gains from the sale of two assets last year. Thu, 9 Aug 2018 12:54:46 EST Marriott International Reports Second Quarter 2018 Results Hotel Financial Marriott Second quarter reported diluted EPS totaled $1.71, a 34 percent increase from prior year results. Second quarter adjusted diluted EPS totaled $1.73, a 56 percent increase over second quarter 2017 adjusted results Tue, 7 Aug 2018 12:46:39 EST IHG Reports Strong H1 Performance Across All Regions Hotel Financial IHG H1 Comparable RevPAR: Americas = 3.2% (US = 2.7%); EMEAA = 3.0%, Greater China = 10.1% Tue, 7 Aug 2018 12:18:47 EST U.S. Hotel Stocks Up 0.2 Percent for July 2018 Hotel Financial STR The Baird/STR Hotel Stock Index rose 0.2% in July to 4,874. Year to date through July, the stock index was down 0.3%. Mon, 6 Aug 2018 12:15:29 EST Eldorado Resorts Reports Second Quarter Net Revenue of $456.8 Million, Operating Income of $77.4 Million and Record Adjusted EBITDA of $118.0 Million Hotel Financial Eldorado Resorts Eldorado Resorts, Inc. (NASDAQ: ERI) yesterday reported operating results for the second quarter ended June 30, 2018. Separately, Eldorado also announced that at a meeting earlier yesterday, the Illinois Gaming Board approved the Company’s pending acquisition of the Grand Victoria Casino in Elgin, IL. Fri, 3 Aug 2018 12:35:31 EST Hyatt Reports Second-Quarter 2018 Results Hotel Financial Hyatt Raises Full-Year Outlook for RevPAR Growth, Earnings and Shareholder Capital Returns - Declares $0.15 Cash Dividend for the Third Quarter Wed, 1 Aug 2018 12:00:20 EST Wyndham Hotels & Resorts Second Quarter Revenues Increased 31% Hotel Financial Wyndham Net income was $21 million for the second quarter; adjusted net income was $73 million, a 43% increase over the prior-year quarter. Wed, 1 Aug 2018 08:53:35 EST Chatham Lodging Trust Announces Second Quarter 2018 Results Hotel Financial Chatham Lodging Trust Portfolio Revenue per Available Room (RevPAR) - Increased 0.8 percent to $143, compared to the 2017 second quarter, for Chatham’s 40, wholly owned hotels. Average daily rate (ADR) improved 0.6 percent to $172, and occupancy also rose 0.2 percent to 83 percent. Wed, 1 Aug 2018 08:43:32 EST Sunstone Hotel Investors Reports Results For Second Quarter 2018 Hotel Financial Sunstone Net income decreased 0.3% to $51.3 million. Excluding the effect of the gain on hotel sold during the second quarter of 2017, net income would have increased by 2.1%. Tue, 31 Jul 2018 11:43:20 EST Hotel Financial Meliá Hotels Meliá earned 61.8 million euros up to June (+7.2%) thanks to the strength of the business and expects a better third quarter than last year Tue, 31 Jul 2018 11:07:35 EST Chesapeake Lodging Trust Reports Second Quarter 2018 Results Hotel Financial Chesapeake Lodging Trust Comparable RevPAR: 4.7% increase for the 21-hotel portfolio over the same period in 2017 - Comparable Adjusted Hotel EBITDAre Margin: 110 basis point increase to 36.3% for the 21-hotel portfolio Mon, 30 Jul 2018 11:06:47 EST AccorHotels Reports 8.0 Percent Revenue Increase for First-half 2018 Hotel Financial AccorHotels Business volumes of €8.9 billion, up 10.3% at constant exchange rates Thu, 26 Jul 2018 12:46:27 EST Hilton Reports Second Quarter Results, Achieves High End of RevPAR Guidance Hotel Financial Hilton Net income for the second quarter was $217 million, an increase of 44 percent from the same period in 2017 Wed, 25 Jul 2018 08:21:33 EST Scandic Q2 Net Sales Up by 26 Percent Hotel Financial Scandic Net sales rose by 26% to 4,748 MSEK (3,770), driven by more rooms in operation, including the acquisition of Restel, as well as positive currency effects. Mon, 23 Jul 2018 12:06:44 EST Hoteles City Express Announces 2Q18 Results with Revenue Growth of 16.3% and Operating Income Growth of 28.6% Hotel Financial Hoteles City Express Total Revenues were $708.8 million, which represents a 16.3% increase with respect to the same quarter in 2017, primarily due to a 11.9% increase in the number of Occupied Room Nights at the Chain level, as well as a 1.7% increase in RevPAR Thu, 19 Jul 2018 14:12:25 EST U.S. Hotel Stocks Down 4.0 Percent for June 2018 Hotel Financial STR The Baird/STR Hotel Stock Index fell 4.0% in June to a level of 4,863. Year to date through the first half of 2018, the stock index was down 0.5%. Thu, 12 Jul 2018 13:49:06 EST A Chinese Hotel Chain’s Stock Is the Best Performer in the Global Top Ten - Bloomberg Hotel Financial Hotel News Resource Hotel-chain operator Huazhu Group Ltd. is less well-known than the likes of Marriott International Inc. and Hilton Worldwide Holdings Inc. among global travelers, but that’s not stopping the U.S.-listed Chinese company from becoming a darling of overseas investors. Mon, 9 Jul 2018 14:21:22 EST