Supply growth and a wave of renovations across the real estate investment trust’s portfolio have pushed down performance for Hospitality Properties Trust, according to executives on the company’s third-quarter call with analysts.
Tough year-over-year comparisons and calendar shifts hindered Marriott International’s RevPAR growth in the third quarter, and while the company is taking a more conservative approach to Q4 2018, top executives said they don’t anticipate any troubling trends continuing into 2019.
On its third-quarter earnings call and its first full quarter as a standalone lodging REIT, CorePoint Lodging officials said the company is waiting to see the benefits from the Wyndham integration in 2019 and is working on reopening hotels affected by Hurricane Irma this year.
It‘s not just the Pacific Rim, the U.S. and Gulf of Mexico that are seeing an increase in bad weather lately. Europe, too, has experienced recent storms, which have caused the deaths of 29 people and noticeable, if temporary, damage to hotels.
A raft of challenger banks are competing with traditional lending sources for the few deals presenting themselves in the U.K. Could this be a recipe for a recession? Not if lenders have understood the lessons of the past and have strict criteria in place.
There is so much to be said and cheered about U.K. hospitality and the High Streets of its cities, towns and villages, but fixed-odds betting machines and onerous business-rate taxes are not two of them. Cheery news comes this week that both are being tackled.
With the company “two to three weeks” away from closing on its acquisition of Two Roads Hospitality, Hyatt Hotels Corporation President and CEO Mark Hoplamazian said owners of Two Roads properties have plenty of reasons for optimism.
Outbound Chinese travelers represent big opportunities for hoteliers around the world as the hotel industry continues to experience solid performance, said senior leaders during the recent HICAP conference.