corporate profit
Choice Hotels International Reports First Quarter 2023 Results
Choice Hotels International, Inc. | May 9, 2023
ROCKVILLE, Md., May 9, 2023-- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, today reported its first quarter 2023 results. Highlights of first quarter 2023 results include: Total revenues reached $332.8 million for first quarter 2023, a first-quarter record and a 29% increase compared to the same period of 2022. Net income exceeded the top end of the company's guidance and reached $52.8 million for first quarter 2023, representing diluted earnings per share (EPS) of $1.02. As a result of one-time items, including Radisson Hotels Americas integration costs, and the timing of net r...
Hyatt Reports First Quarter 2023 Results
Hyatt Hotels Corporation | May 5, 2023
CHICAGO (May 4, 2023) - Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported first quarter 2023 financial results. Highlights include: Net income was $58 million in the first quarter of 2023 compared to net loss of $73 million in the first quarter of 2022. Adjusted net income was $45 million in the first quarter of 2023 compared to Adjusted net loss of $36 million in the first quarter of 2022. Diluted EPS was $0.53 in the first quarter of 2023 compared to $(0.67) in the first quarter of 2022. Adjusted Diluted EPS was $0.41 in the first quarter of 2023 compared to $(0.33) in the first quarter of 2022. ...
IHG Shares Q1 2023 Trading Update
IHG Hotels & Resorts | May 5, 2023
Highlights Q1 group RevPARa +33% vs 2022, with Americas +18%, EMEAA +64% and Greater China +75% Q1 group RevPAR +6.8% vs 2019, with Americas +11.1%, EMEAA +9.7% and Greater China (9.1)% Average daily rate +11% vs 2022, +10% vs 2019; occupancy +10%pts vs 2022, (2)%pts vs 2019 Gross system size growth +5.8% YOY, +0.9% YTD; opened 8.4k rooms (45 hotels) in Q1, ahead of 2022 Net system size growth +4.2% YOY on an adjustedb basis, +0.4% YTD Global system of 915k rooms (6,179 hotels); 66% across midscale segments, 34% across upscale and luxury Signed 16.5k rooms (108 hotels) in Q1, in-line with 2022; global pipeline of 287k...
Hilton Reports 2023 First Quarter Results; Raises Full Year Outlook
Hilton | April 26, 2023
MCLEAN, VA - Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its first quarter 2023 results. Highlights include: Diluted EPS was $0.77 for the first quarter, and diluted EPS, adjusted for special items, was $1.24 Net income was $209 million for the first quarter Adjusted EBITDA was $641 million for the first quarter System-wide comparable RevPAR increased 30.0 percent, on a currency neutral basis, for the first quarter compared to the same period in 2022 System-wide comparable RevPAR increased 8.0 percent, on a currency neutral basis, for the first quarter compared to the same period in 2...
Meyer Jabara Hotels Outperforming Businesses Inside & Outside Hospitality
Meyer Jabara Hotels | March 7, 2023
2022 marked a record-setting year in the management company’s 45-year history; Zenger Folkman survey ranks MJH in the top percentile for corporate health [Danbury, Conn., March 7, 2023] — Big news was revealed during the Meyer Jabara Hotels Leadership Conference last month. President Justin Jabara reported to representatives of the company’s 31 owned and managed hotels that the company is coming off a record-setting year. “Things feel different this year,” Jabara said to associates. “In the office, things feel different. When I visit our hotels, things feel different. At the airport, things feel different. Travel is ...
