Oyo Hotels-parent Prism has confidentially filed for an initial public offering in India, three people familiar with the matter told Reuters on Wednesday, marking a fresh push by the homegrown hospita... ...

酒店RWA（真实世界资产）方案是一种基于区块链技术的创新解决方案，旨在通过资产数字化重塑传统酒店运营模式。以下从应用场景、核心机制、问题 解决及设计逻辑等方面进行系统剖析，并结合数据化分润规则举例说明。 一、解决方案的应用场景 本方案主要面向酒店行业，特别是面临重资产运营困境的中高端酒店、连锁酒店及创新型业态（如度假酒店、主题酒店）。应用场景包括： 二、核心算法与机制 方案的核心基于区块链底层技术（腾讯云TBaaS平台），通过智能合约实现资产确权、权益发行和分润流转。关键机制包括： 资产上链确权机制 资产流动性提升：酒店通过发行数字权益（NFG）提前回笼资金，破解初始投资大、资金沉淀严重的痛点。 用户关系重塑：将消费者转化为共建投资者，绑定长期利益，提升复购与忠诚度。 数字化转型：响应政策号召，利用区块链技术实现资产可信上链，符合智慧酒店发展趋势。 酒店实体资产（如房产、设备）通过区块链生成唯一数字映射，确保权属透明、不可篡改。 算法逻辑：利用分布式账本记录资产信息，哈希值锚定真实资产，实现可信溯源。 NFG权益发行与限量机制 每份NFG权益代表使用权（如住宿次数）和受益权（如分红收益），总量固定（如2000 ...

Core Viewpoint - Marriott International Inc. has shown a positive stock performance with a 2.38% increase over the past month and a 14.39% increase over the past year, leading to optimism among long-term shareholders, while concerns about potential overvaluation arise from the price-to-earnings (P/E) ratio analysis [1][3]. Group 1: Stock Performance - The current trading price of Marriott International Inc. is $316.07, reflecting a 0.68% increase in the current session [1]. - Over the past month, the stock has increased by 2.38%, and over the past year, it has risen by 14.39% [1]. Group 2: P/E Ratio Analysis - The P/E ratio is a critical metric for evaluating the company's market performance, comparing the current share price to its earnings per share (EPS) [3]. - Marriott International Inc. has a P/E ratio of 33.12, which is lower than the industry average P/E ratio of 68.84 in the Hotels, Restaurants & Leisure sector [4]. - A lower P/E ratio may suggest that shareholders expect the company to perform worse than its peers or that the stock is undervalued [4]. Group 3: Limitations of P/E Ratio - While a lower P/E can indicate undervaluation, it may also imply that shareholders do not anticipate future growth [6]. - The P/E ratio should not be used in isolation; other factors such as industry trends and business cycles also influence stock prices [6].

Core Viewpoint - Marriott International announced the passing of Donna Rae Garff Marriott, highlighting her legacy of grace, faith, and devotion to family, and her impact on the lives of many [1][4]. Group 1: Personal Life and Legacy - Donna Marriott was born on June 10, 1935, in Evanston, Illinois, and grew up in Salt Lake City, Utah, where she developed a passion for music and dance [1]. - She married Bill Marriott in 1955, and they celebrated their 70th wedding anniversary shortly before her passing [1]. - Donna was dedicated to her family, raising four children and instilling values of kindness, patience, and integrity [2]. Group 2: Community and Faith Involvement - Faith was a cornerstone of Donna's life, as she was a dedicated member of the Church of Jesus Christ of Latter-day Saints, serving in various leadership roles [3]. - She chaired the American Heart Association's Heart Luncheon in Washington, D.C., contributing to one of the organization's largest fundraisers [3]. Group 3: Family and Survivors - Donna is survived by her husband Bill, four children, 15 grandchildren, and 36 great-grandchildren, along with extended family members [4]. - She was preceded in death by her son Stephen and other family members [4]. Group 4: Company Information - Marriott International, Inc. is based in Bethesda, Maryland, and operates over 9,700 properties across more than 30 brands in 143 countries and territories as of September 30, 2025 [5]. - The company offers a travel platform called Marriott Bonvoy, which is highly awarded [5].

Core Viewpoint - Several notable stocks, particularly in the AI sector, are positioned for significant growth in 2026 after underperforming in 2025, with reasonable valuations compared to industry peers. Group 1: Apple Inc. - Apple Inc. has gained only 12.12% year-to-date, lagging behind the "Mag 7" peers which averaged 25.54% [2] - Analysts predict a turnaround for Apple in 2026, with expectations of strong iPhone sales and the launch of a new Siri before April 30 [3][4] - Apple scores high on Momentum and Quality in stock rankings, indicating a favorable price trend [4] Group 2: Adobe Inc. - Adobe Inc. is down 19.77% year-to-date despite being a key player in AI, but is seeing significant growth in its AI tools [5] - Analysts at JPMorgan Chase maintain an "Overweight" rating with a price target of $520, suggesting a 46.97% upside [6] - The stock trades at 15 times forward earnings, its lowest in many years, indicating potential for recovery [6] Group 3: Palo Alto Networks Inc. - Palo Alto Networks has only increased by 4.27% year-to-date, but analysts expect it to benefit from the intersection of AI and cybersecurity in 2026 [7][8] - The stock is considered a top pick for 2026, with a consensus price target of $225.32, representing a 19.56% upside [9] - Despite its high valuation at 49 times forward earnings, analysts remain bullish on its growth potential [10] Group 4: Airbnb Inc. - Airbnb has seen a modest gain of 4.06% year-to-date, with analysts expecting improvement in 2026 due to strong first-party data and upcoming events like the Milan Olympics [11][12] - RBC Capital Markets upgraded the stock to "Outperform" with a price target of $170, indicating a 24.25% upside [12] - The stock performs poorly on Momentum, Growth, and Value but has a favorable price trend [13] Group 5: Target Corp. - Target Corp. is down 27.44% year-to-date, facing challenges from declining foot traffic and inflationary pressures [14] - The company is undergoing leadership changes and is working to reduce reliance on Chinese imports [15][16] - Target is enhancing its AI capabilities through a partnership with OpenAI, trading at just 12.76 times forward earnings, which is lower than competitors [16][17] - Analysts have a price forecast of $110, suggesting a 10.49% upside, with recent activist investment seen as a potential catalyst [17][18]

行业人士表示，此次资产转让并非孤立动作，而是锦江酒店长期推进轻资产战略的延续。事实上，锦江 集团近年来持续践行"轻重分离、双轮驱动"模式，据锦江集团投资总监、锦江资管公司总经理张羽翀近 日披露的数据，锦江集团目前轻资产管理业务和重资产投资业务涉及的资产价值均在500亿元人民币以 上。张羽翀表示，对于重资产业务，锦江集团秉持的核心理念是"流动创造价值"，多年来在大宗交易、 资产证券化等方面均有成功实践，如2015年出售上海2家酒店并收购法国卢浮集团，2024年发行17.75亿 元类REITs等。 锦江集团2025年三季度财报显示，公司第三季度营业收入37.15亿元，同比减少4.71%；归母净利润约 3.75亿元，同比增长45.45%。前三季度，锦江酒店的营业收入102.41亿元，同比减少5.09%；归母净利 润7.46亿元，同比减少32.52%。 另据机构统计，从业务结构来看，2022年至2024年期间，锦江酒店自有及租赁酒店收入占比从52.7%逐 年下降至46.5%，而特许经营及管理酒店收入占比则从38.7%提升至44.0%，轻资产模式已成为收入增长 的重要引擎。 从行业背景来看，轻资产已成为酒店行业的主流发 ...

Core Viewpoint - Hyatt has revised its expectations for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to be at the lower end of its previous range of $1.09 billion to $1.11 billion [1] Summary by Category - Financial Performance - Hyatt now anticipates adjusted EBITDA to be approximately $1.09 billion, indicating a downward adjustment from its earlier forecast [1]

CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation (the "Company†) (NYSE: H) today announced the closing of the sale of the real estate portfolio previously acquired from Playa Hotels & Resorts N.V. ("Playa†) to Tortuga Resorts ("Tortuga†), a premier real estate and asset management platform focused on luxury beachfront hospitality across Mexico and the Caribbean, for approximately $2 billion. Hyatt can achieve up to an additional $143 million earnout if certain operating thresholds are met. ...

Core Viewpoint - The travel sector remains the strongest area within consumer discretionary spending, with companies like Hilton, Marriott, and Delta showing significant performance and potential for growth [1][2][4]. Company Insights - Hilton operates an asset-light business model focused on loyalty points rather than owning hotels, which allows for high profitability despite owning only a small number of properties [3][4]. - The stock performance of Hilton has been strong throughout the year, with expectations of record-breaking traffic volumes and revenue per available room (RevPAR) for the fourth quarter [4][5]. - Delta Airlines is highlighted for its favorable conditions, including low fuel prices, solid labor contracts, and high capacity utilization, particularly in premium seating where profitability is maximized [7][8]. Market Trends - The travel industry is expected to continue its upward trend into 2026, with no current evidence suggesting an impending recession that would negatively impact travel demand [8][9]. - Companies in the travel sector are anticipated to provide positive guidance for the upcoming year based on strong performance metrics [5][6].

Key Takeaways MAR is likely to leverage global scale, premium brands and pipeline for steady RevPAR and fee growth in 2026.HLT's asset-light model, conversion-led unit growth and rising group bookings support earnings and cash flow.H's luxury-heavy mix sees uneven U.S. demand, China softness and is sensitive to macro and travel disruptions.The U.S. hotel industry is entering a more normalized demand environment in 2026 as travel activity stabilizes following several volatile years. Stable occupancy trends, ...