Tag: H

Hyatt Hotels Q3 revenue more than doubles

Hyatt Hotels Corp. said its revenue more than doubled for the third quarter, though lower than Wall Street estimates, as it bounced back to profitability while leisure demand led recovery. The hotel company H, +1.51% posted quarterly revenue of $851 million, up from $399 million in the same period last year. Analysts polled by FactSet […]

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‘The industry has been in denial’: As hotels recover from the pandemic, they’re planning how to compete with another threat — Airbnb

With the number of COVID-19 cases receding as vaccination drives continue and the Delta variants ebbs, the travel industry could be poised for a resurgence. Whether hotels from that boom could depend on what happens to Airbnb. During an interview with Axios, Airbnb ABNB, +1.86% CEO Brian Chesky forecast a “new golden age of travel” […]

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