Click through the links below for Hotel News Now's complete coverage of the first quarter and 2021 earnings season for the hotel industry.
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The upcoming first quarter earnings calls are expected to shed more light on how hotel brand companies and real estate investment trusts are capitalizing on positive trends to further their recoveries.
Financial common sense and cash-flow management have French hotel company Accor poised for summer trading returns.
Executives at Whitbread PLC, the operator of Premier Inn, say the company is poised to benefit from pent-up travel demand as U.K. staycations are set to dominate 2021, due to its non-exposure to events business and because of its strengthened liquidity and lower break-even point.
Executives during MGM Resorts International's first-quarter earnings call were optimistic about the company's recent performance and expect it will continue through the rest of the year.
About 70% of hotel openings by Wyndham Hotels & Resorts in the first quarter were through conversions, and 75% of the 187,000 rooms in its development pipeline are new-construction.
To prepare for the increased demand from leisure and, eventually, corporate travelers, Pebblebrook Hotel Trust is moving forward with several renovation projects.
Host Hotels & Resorts completed a few acquisitions in the first quarter and has $1.5 billion it could spend on other transactions, but President and CEO James Risoleo said whether that money will be spent depends on if the company finds other worthwhile assets.
Hilton President and CEO Chris Nassetta said the company has improved visibility into business transient and group business on the books, resulting in positive forward momentum.
Hyatt Hotels Corp. President and CEO Mark Hoplamazian said he's seeing an uptick in financing for hotel construction from regional banks, which would have a positive impact on his company's pipeline.
RLJ Lodging Trust plans acquire assets this year and is looking for properties that complement its existing portfolio and operating metrics, but will still be disciplined with underwriting deals.
Playa Hotels & Resorts President and CEO Bruce Wardinski said he expects a significant performance boost when Caribbean and Latin American countries relax rules on COVID-19 testing.
Executives at IHG Hotels & Resorts are confident business and corporate demand is edging back in markets such as China and the U.S.
Midscale-focused hotel real estate investment trust CorePoint Lodging has benefited from having properties in Sunbelt states that have driven weekend occupancy and rate since March, a trend that's expected to continue.
In the first quarter, DiamondRock Hospitality Company agreed to sell its 700-room New York City hotel, reducing its room count in the city by nearly half.
Apple Hospitality REIT's portfolio of hotels in diverse markets with multiple demand generators positioned the company to outperform, even without a full return to business travel.
Down to 13% as recently as January, occupancy for the iconic Hilton Hawaiian Village Waikiki Beach Resort could be near 60% by the second quarter of 2021 before hitting the high 70s in the third quarter, Park Hotels & Resorts officials said.
PPHE Hotel Group’s pipeline, which features two hotels at major regeneration projects, including London’s iconic Battersea Power Station, is energizing its management, which has guarded its liquidity and cannot wait until the reopening of U.K. hotels on May 17.
Marriott International has seen demand increases from leisure, corporate and group segments in markets and countries as the number of COVID-19 vaccinations grows and travel restrictions ease.
As the hotel and retail-focused real estate investment trust's portfolio of Sonesta-branded hotels continues to grow, executives said they're still negotiating for a possible new management agreement with Hyatt Hotels Corp.
Choice Hotels International continues to see strength in its extended-stay portfolio during the first quarter, with its WoodSpring Suites brand experiencing revenue levels that exceeded 2019 results.
Extended Stay America shareholders will meet on June 8 to vote on whether to accept the 50/50 acquisition proposal by Blackstone Real Estate Partners and Starwood Capital Group.
A crunch in the labor market has forced many publicly traded hotel companies to rethink the operating model, but many expect a more normalized environment by the early fall.
While Airbnb has been able to grow first quarter revenues and gross bookings beyond what it saw pre-pandemic, company officials still believe they can see far greater growth when demand for international and urban travel returns.
Some hotel real estate investment trusts are looking to buy promising assets to improve their portfolios while others plan to take advantage of the built-up capital targeting hotel deals.
Drive-to markets have benefited the most from leisure demand throughout the pandemic, and that is expected to continue with more vaccines being distributed and eased COVID-19 restrictions.
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.