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IHG sees half-year operating profit down by 84% in Greater China

IHG sees half-year operating profit down by 84% in Greater China

CEO Keith Barr said the company had a tough start in China this year.

08/12/2022|6:48:32 AM|ChinaTravelNews
Accelerating group hotel demand boosts Marriott's second-quarter performance

Accelerating group hotel demand boosts Marriott's second-quarter performance

In Greater China, RevPAR declined more than 50% compared to 2019 because of lockdowns in many major cities.

08/05/2022|12:16:07 AM|CoStar
Longfor to close Indigo Hotel in Shanghai's Hongqiao, reopen as own brand

Longfor to close Indigo Hotel in Shanghai's Hongqiao, reopen as own brand

The new hotel could be ready to open as soon as the end of the third quarter.

08/04/2022|2:52:12 PM|Yicai Global
Airbnb stock slumps despite record-breaking bookings

Airbnb stock slumps despite record-breaking bookings

Airbnb reported net income of $379 million, up from a loss of $68 million in the year-ago quarter.

08/03/2022|8:37:07 AM|CNBC
Hotelbeds launches new Environmental, Social and Governance Strategy

Hotelbeds launches new Environmental, Social and Governance Strategy

The strategy aims to take Hotelbeds' position on ESG to the next level and galvanize our commitment to making travel a force for good.

08/01/2022|12:00:40 PM|Hotelbeds
Accor's soft outlook offsets revenue jump, shares sink 9%

Accor's soft outlook offsets revenue jump, shares sink 9%

Q1 RevPAR exceeded pre-COVID levels for the first time.

07/30/2022|5:40:08 AM|Reuters
Hilton boasts record development deals but pipeline faces backlog

Hilton boasts record development deals but pipeline faces backlog

Hilton opened 91 hotels worldwide and achieved net unit growth of 13,300 rooms.

07/28/2022|7:33:17 PM|Skift
Wyndham drives rate, pipeline growth in Q2

Wyndham drives rate, pipeline growth in Q2

The group is counting on rate and net-unit growth to stay competitive and afloat amid the myriad headwinds still facing the hotel industry.

07/28/2022|4:59:02 PM|HotelManagement
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