Click through the links below for Hotel News Now's complete coverage of the first quarter 2022 earnings season for the hotel industry.
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article3 Min ReadApril 25, 2022 09:47 AMWall Street analysts say hotel industry performance in the first quarter of 2022, which was mired by the omicron variant, is expected to take a back seat to discussions about a likely strong summer travel season.
article5 Min ReadApril 27, 2022 10:32 AMIn first quarter earnings, Wyndham Hotels & Resorts reported revenue per available room that was 39% over 2021 levels and 4% over 2019, while at the same time the company exited the select-service hotel management business and sold one of its two owned hotels.
article7 Min ReadApril 27, 2022 03:22 PMExecutives at Pebblebrook Hotel Trust said their portfolio has benefited from both a strong recovery in business travel as well as ongoing demand from leisure travelers.
article4 Min ReadApril 28, 2022 09:12 AMWith full-year 2021 performance beating 2019 figures, Whitbread PLC executives said the company's hotel portfolio has fully recovery from the pandemic and now is looking to push pricing at both its United Kingdom and German properties.
article5 Min ReadApril 28, 2022 11:02 AMDuring the company's first quarter earnings call, Hersha Hospitality Trust executives explained how a sale of seven hotels refines their portfolio strategies and allows them to focus on certain property types and key markets, including New York City.
article2 Min ReadApril 29, 2022 09:08 AMRevenue per available room across Accor's global hotel portfolio has not recovered to pre-pandemic levels, largely as a result of restrictions in China, one of its primary markets.
article6 Min ReadMay 02, 2022 03:54 PMPark Hotels & Resorts CEO Thomas Baltimore Jr. spoke confidently about the outlook of the company's core urban portfolio of large conference hotels as few properties are being built to compete with them.
article5 Min ReadMay 03, 2022 03:39 PMHilton executives said inflation and construction delays will not stop its development partners from hitting a target of 5% net unit growth in 2022.
article4 Min ReadMay 03, 2022 09:08 AMMGM Resorts International executives said the company benefited from a quick recovery in leisure, business and group demand during the first quarter amid progress on several real estate and operational transactions.
article6 Min ReadMay 05, 2022 03:58 PMHost Hotels & Resorts CEO Jim Risoleo said during the company's first quarter earnings call that the REIT has plenty of cash available and an equal amount of patience to wait for pricing to come down and for better hotels and resorts to come on the market.
article4 Min ReadMay 05, 2022 04:32 PMExecutives during Service Properties Trust's first quarter earnings call spoke of the company's performance recovery and provided an update on the progress of its plan to sell 68 Sonesta-branded hotels.
article4 Min ReadMay 05, 2022 04:41 PMRLJ Lodging Trust executives said the strength of urban demand will dictate the next phase of recovery.
article6 Min ReadMay 05, 2022 04:42 PMSunstone Hotel Investors' CEO Bryan Giglia said the company is projecting continued demand acceleration through the year, which will be sustained by leisure demand during spring and summer, rising amounts of business and corporate travel, and strong citywide calendars.
article2 Min ReadMay 06, 2022 01:52 PMUpon steady, positive improvement in the first quarter, IHG Hotels & Resorts executives said a faster pace in future hotel bookings bodes well for more of the same throughout the year.
article7 Min ReadMay 06, 2022 02:54 PMExecutives at DiamondRock Hospitality said during the company's first quarter earnings call that total revenue this year should be in line with 2019's and its portfolio CapEx program is showing significant returns on investment.
article4 Min ReadMay 06, 2022 03:23 PMApple Hospitality REIT CEO Justin Knight said his team is particularly encouraged by the increase in small group and regional business demand, which is evident by airlines opening more "business routes."
article3 Min ReadMay 10, 2022 11:02 AMRecord high rates and exponential growth for resort demand are driving the rebound for Hyatt Hotels Corporation early in 2022.
article4 Min ReadMay 11, 2022 07:35 AMChoice Hotels International executives say the company will focus on its long-term investments in consumer trends and revenue management.
Tracking Earnings Results
Hotel News Now's Earnings Tracker offers an overview of results in key performance metrics for select hotel companies and real estate investment trusts. The chart for this latest earnings season will be updated as companies report, and can be downloaded here.