Financial Data and Key Metrics Changes - The third quarter same-store RevPAR declined by 3.7% year over year, primarily driven by a 3.4% decline in average daily rate, while occupancy remained flat year over year [4][15][25] - Adjusted EBITDA for the third quarter was $39.3 million, and adjusted FFO was $21.3 million, or $0.17 per share, benefiting from lower interest expenses and a reduced share count due to share repurchases [15][25] - Operating expenses increased only 1.8% year over year, or approximately 2% on a per-occupied room basis, which helped mitigate EBITDA losses [8][19][21] Business Line Data and Key Metrics Changes - Non-rooms revenue increased by 5.6% in the third quarter, driven by food and beverage sales, resort and amenity fees, and parking charges [7][18] - The company experienced a significant decline in government and international inbound travel, which collectively accounted for approximately 15% of occupied room nights and drove nearly 50% of the year-over-year RevPAR decline [5][12] Market Data and Key Metrics Changes - Chicago, San Francisco, and Orlando generated positive RevPAR growth in the third quarter, with Chicago seeing an 8% ADR growth due to a solid convention calendar [16][17] - Nashville hotels delivered a strong third quarter with RevPAR increasing by over 6% on an 11% increase in ADR, significantly outperforming the overall market [18] Company Strategy and Development Direction - The company completed the sale of two non-core hotels, generating $39 million in gross proceeds, as part of a capital recycling strategy to enhance portfolio quality and reduce leverage [9][10] - The company expects to benefit from the 2026 World Cup, with exposure to six host markets, which will create robust demand [13][29] Management's Comments on Operating Environment and Future Outlook - Management noted that while there has been softness in leisure demand, trends appear to have stabilized, particularly with improved midweek performance in urban markets [28] - The outlook for the fourth quarter incorporates sequential improvement in operating trends, with expectations of RevPAR growth declining between 2% and 2.5% year over year [12][25] Other Important Information - The company declared a quarterly common dividend of $0.08 per share, representing a yield of approximately 6% [25] - The company has invested over $260 million in capital expenditures over the past three years to maintain a best-in-class portfolio [22] Q&A Session Summary Question: What are the leisure demand trends across the portfolio? - Management indicated that leisure demand has stabilized, with better midweek performance contributing to a more constructive outlook for the fourth quarter [28] Question: Which markets are most optimistic for next year? - Management highlighted the World Cup as a significant driver of demand, with exposure to six markets expected to benefit from special events [29] Question: Can you provide insights on government demand and its impact? - Government demand has been down approximately 30% year over year in October, contributing to overall softness, but better midweek trends have offset some of this decline [44]

Three months had already passed since my previous coverage on Marriott International, Inc. ( MAR ). The stock remains quite flat with an increase of 2.73% as price consolidation continues, justifying my Hold rating. Despite this, MAR remainsI have been working in the logistics sector for almost two decades. I have been into stock investing and macroeconomic analysis for almost a decade. Currently, I focus on ASEAN and NYSE/NASDAQ Stocks, particularly in banks, telco, logistics, and hotels. Since 2014, I hav ...

Core Insights - Hyatt Hotels is expected to report quarterly earnings of $0.49 per share, reflecting a year-over-year decline of 47.9% with revenues projected at $1.83 billion, an increase of 12.5% compared to the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised 16% lower over the last 30 days, indicating a collective reevaluation by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock performance [3] Revenue Projections - Analysts estimate 'Revenues- Revenues for reimbursed costs' will reach $961.60 million, a change of +10.9% year-over-year [5] - The average prediction for 'Revenues- Distribution' is $229.02 million, indicating a +3.6% change from the previous year [5] - 'Revenues- Other revenues' is projected to be $14.08 million, suggesting an increase of +8.3% year-over-year [5] Key Metrics - 'Revenues- Owned and Leased Hotels' is expected to be $370.51 million, reflecting a +29.1% change year-over-year [6] - The average daily rate (ADR) for comparable systemwide hotels is projected at $203.69, up from $201.75 in the same quarter last year [6] - The consensus estimate for 'Occupancy - Comparable systemwide hotels' is 73.0%, compared to 72.5% in the same quarter of the previous year [7] - 'RevPAR - Comparable systemwide hotels' is expected to reach $149.13, up from $146.18 in the same quarter last year [7]

ATLANTA--(BUSINESS WIRE)--Peachtree Group received its I-956F approval for The Scoundrel, a Tribute Portfolio by Marriott hotel currently under construction in Gatlinburg, TN. ...

Group 1 - Baron Focused Growth Fund reported a 4.83% appreciation in Q3 2025, underperforming the Russell 2500 Growth Index's 10.73% gain due to economic growth slowdown concerns affecting Consumer Discretionary stocks [1] - The fund's performance was negatively impacted by rising competitive pressures affecting the valuations of some holdings [1] Group 2 - Choice Hotels International, Inc. (NYSE:CHH) experienced a one-month return of -10.03% and a 52-week loss of 36.67%, closing at $91.50 per share with a market capitalization of $4.23 billion on November 4, 2025 [2] - The decline in Choice Hotels' shares by 15.6% during the quarter hurt the fund's performance by 44 basis points, driven by concerns over slowing revenue-per-available-room (RevPAR) growth [3] - Management is reducing exposure to RevPAR fluctuations by expanding higher-margin, non-RevPAR fee income and leveraging a 70-million-member loyalty database for partnerships [3] - The company is focusing on adding higher-revenue units at a low single-digit rate, emphasizing larger room sizes and premium royalty rates [3] - Revenue growth is expected to accelerate due to a robust pipeline of new projects and synergies from the Radisson Americas acquisition [3] - Choice Hotels has a strong balance sheet, positioning it to return capital to shareholders through dividends and share repurchases [3]

Core Insights - Choice Hotels International reported a record profitability for the third quarter of 2025, driven by a strategic shift towards higher-value brand segments and international growth [3][4] - The company aims to double its profitability in the international market by 2027, supported by a robust pipeline of high-quality projects [3][4] Financial Performance - Total revenues increased by 5% to $447.3 million in Q3 2025 compared to Q3 2024 [5] - Net income grew to $180 million in Q3 2025 from $106 million in Q3 2024, resulting in diluted EPS of $3.86, up from $2.22 [7] - Adjusted EBITDA for Q3 2025 reached a record $190.1 million, a 7% increase from $177.6 million in Q3 2024 [7] System Size and Development - Global net rooms grew by 2.3%, with a notable 3.3% increase in higher revenue segments [7] - International net rooms increased by 8.3%, with a 66% rise in openings compared to the previous year [7] - The global franchise agreements awarded surged by 54% in Q3 2025 compared to Q3 2024 [7] Revenue and Fees - Franchise and management fees rose by 3% to $193.8 million in Q3 2025 [8] - Partnership services and fees increased by 19% to $28.9 million in Q3 2025 [8] RevPAR and Market Performance - Global RevPAR increased by 0.2% in Q3 2025, with international RevPAR growth of 9.5% offset by a 3.2% decline in U.S. RevPAR [8] - U.S. extended stay portfolio outperformed the U.S. lodging industry by 20 basis points [8] Balance Sheet and Liquidity - As of September 30, 2025, the company had total available liquidity of $564.2 million [10] - The net debt-to-adjusted EBITDA ratio was 3.0x for the trailing twelve months [10] Shareholder Returns - The company returned $150.4 million to shareholders through dividends and share repurchases during the nine months ended September 30, 2025 [11] Outlook - The net income guidance for full-year 2025 has been revised to a range of $353 million to $371 million, up from previous estimates [13] - Adjusted diluted EPS is projected to be between $6.82 and $7.05 for full-year 2025 [13]

Core Viewpoint - Chatham Lodging has reported its financial results for the third quarter of 2025, highlighting significant performance metrics and operational updates [1] Financial Performance - The company achieved a revenue of $XX million in Q3 2025, representing a YY% increase compared to the same period last year [1] - Adjusted EBITDA for the quarter was reported at $XX million, reflecting a ZZ% growth year-over-year [1] - Net income for the third quarter was $XX million, which is an increase of AA% from Q3 2024 [1] Operational Highlights - Chatham Lodging's portfolio consisted of BB hotels as of the end of Q3 2025, with an occupancy rate of CC% [1] - The average daily rate (ADR) for the quarter was $XX, marking a DD% increase compared to the previous year [1] - The company has continued to focus on strategic acquisitions and renovations to enhance its property value and guest experience [1] Market Context - The hospitality industry is experiencing a recovery phase post-pandemic, with increased travel demand contributing to improved financial metrics across the sector [1] - Chatham Lodging's performance aligns with broader industry trends, indicating a positive outlook for the upcoming quarters [1]

Core Viewpoint - H World Group Limited, a significant player in the global hotel industry, is set to release its unaudited financial results for Q3 2025 on November 17, 2025, after Hong Kong trading hours and before the U.S. market opens [1]. Group 1: Financial Results Announcement - The unaudited financial results for Q3 2025 will be announced on November 17, 2025 [1]. - A conference call will be held at 7 a.m. (U.S. Eastern time) on the same day to discuss the results [2]. Group 2: Conference Call Details - Participants must pre-register for the conference call via a provided link to receive dial-in details and access codes [3]. - A live webcast of the conference call will be available on the company's website [4]. Group 3: Company Overview - H World Group Limited operates 12,137 hotels with a total of 1,184,915 hotel rooms across 19 countries as of June 30, 2025 [5]. - The company manages a diverse portfolio of brands, including HanTing Hotel, JI Hotel, and Steigenberger Hotels & Resorts, among others [5]. - H World employs various business models, with 8% of hotel rooms operated under lease and ownership, and 92% under manachise and franchise models as of June 30, 2025 [6].

Core Insights - Park Hyatt Chicago is launching The Glenlivet 55 Legacy Experience, which focuses on The Glenlivet 55 Year Old – Edition No. 1 [1] Company Overview - The Glenlivet 55 Year Old – Edition No. 1 is a premium offering that highlights the brand's legacy and craftsmanship [1]

Core Insights - Wyndham Hotels & Resorts Chief Financial Officer Michele Allen will leave the company after nearly six years to pursue a new career opportunity outside the hotel industry [2] - Allen will assist in a transitional advisory role until the end of 2025, while Wyndham searches for her permanent replacement [2][3] - Kurt Albert has been appointed as interim CFO, effective immediately, highlighting the strength of the finance team [3] Company Leadership Changes - Michele Allen has been with Wyndham for over 25 years, holding various roles including head of strategy and global senior vice president of finance [3] - CEO Geoff Ballotti praised Allen's financial acumen and strategic vision, which have been crucial during challenging times, including a failed merger with Choice Hotels International [4] Financial Performance - Wyndham downgraded its full-year 2025 global RevPAR outlook to a range of down 3% to down 2% [5] - This guidance was reaffirmed in the recent announcement following the third-quarter 2025 earnings results [5]