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Marriott targets budget travelers with new mid-scale extended-stay option
New York Post· 2025-06-03 11:46
Core Insights - Marriott International is focusing on budget travelers who prioritize travel but seek more affordable options, as indicated by spending data from credit card relationships [1][5] - The company has significantly expanded into the mid-scale segment, which it historically did not operate in, starting with the acquisition of City Express for $100 million in 2022 [2][5] - Marriott has launched its first StudioRes in Fort Myers, Florida, targeting cost-conscious consumers with modest services and amenities [3] Financial Performance - In the first quarter, Marriott generated $6.26 billion in revenue and reported a net income of $665 million [4] Strategic Initiatives - The introduction of StudioRes aims to cater to various travel purposes, appealing to individuals on temporary assignments or digital nomads [3] - Marriott's diverse portfolio includes brands like Ritz-Carlton, St. Regis, Sheraton, Courtyard, Westin, and Moxy, allowing the company to offer suitable accommodations for different consumer needs [3]
HOTEL101 PROGRESSES TOWARDS NASDAQ LISTING
Prnewswire· 2025-06-02 14:10
U.S. SEC DECLARES FORM F-4 SEC REGISTRATION EFFECTIVESINGAPORE, June 2, 2025 /PRNewswire/ -- Hotel101 Global Holdings Corp. ("Hotel101" or "HBNB") and JVSPAC Acquisition Corp. (NASDAQ: JVSA) ("JVSPAC") announced today that the United States Securities and Exchange Commission ("SEC") has declared effective Hotel101's registration statement on Form F-4 filed with the SEC in connection with the previously announced business combination agreement between Hotel101 and JVSPAC.JVSPAC has scheduled the Extraordinar ...
Marriott International, Concord Hospitality and Whitman Peterson Officially Open Doors of First-Ever StudioRes Hotel in Fort Myers, Florida
Prnewswire· 2025-06-02 13:00
Two years after Marriott International revealed the concept, this milestone marks the midscale extended stay brand's official debut, with over 40 more anticipated to open by the end of 2027. BETHESDA, Md., June 2, 2025 /PRNewswire/ -- Today, Marriott International, Inc. (Nasdaq: MAR), announced the landmark opening of StudioRes Fort Myers, the first-ever StudioRes hotel and the company's debut in the midscale extended stay segment. The all-studios hotel is now accepting reservations for stays, almost two ye ...
Wyndham's First-Annual Owner Trends Report Highlights Positive Long-Term Outlook, Vital Role of Brands
Prnewswire· 2025-06-02 12:00
Core Insights - Over 90% of hotel owners and developers are optimistic about the next five years, with 80% planning to expand their portfolios despite current economic volatility [1] - The importance of brands is highlighted, with 98% of surveyed owners open to exploring new branded offerings, and 55% interested in traditional brands while 45% seek soft brand opportunities [2] - A strong loyalty program is deemed very important or critical by over 80% of hotel owners and developers, with 62% considering it a top five factor when choosing a brand [3] Brand Preferences - Owners and developers prioritize support from industry experts and access to executive leadership when selecting a brand [2] - Interest in expansion spans various segments, with 39% targeting lifestyle and boutique hotels, 36% midscale and upper-midscale, and 35% economy [4] Extended-Stay Opportunities - Extended-stay hotels are viewed as a significant opportunity, with 96% of respondents recognizing their potential for investment [5] - Embracing the unique operating model of extended-stay hotels is critical for success, acknowledged by 59% of surveyed owners and developers [5] Infrastructure and Revenue Strategies - All respondents anticipate an increase in new business over the next five years due to rising infrastructure spending [6] - Cross-sell and upsell opportunities are considered critical or very important for driving revenue by over 80% of hotel owners and developers [7] Technology Investments - Access to best-in-class technology is a top consideration for brand selection, with 20% planning to invest in technology to differentiate their hotels [8] - Nearly two-thirds (61%) of hotel owners are investing in technology to enhance guest experiences, including streaming and digital room keys [9] - Over 90% of hotel owners are leveraging AI, with 70% using it for operations and 60% for guest-facing services [10] Guest Experience Innovations - One-third of hotels are utilizing guest messaging platforms, with another third looking to invest in this technology [11] - Mobile tipping is offered by a third of surveyed hotels, with similar interest in increasing investment in this area [11] Company Resilience and Strategy - Wyndham's select-service hotels have shown resilience, with a 2.6% CAGR in RevPAR from 2000 to 2023, outperforming upscale segments during economic downturns [13] - Wyndham's OwnerFirst™ approach prioritizes hotel owners' needs, with significant investments in technology and new brand launches to capitalize on market trends [14]
Marriott International Celebrates Outstanding 25-Year Leadership in Branded Residences with Around 300 Projects in Open & Pipeline Portfolio
Prnewswire· 2025-06-02 12:00
Marriott bolsters industry's largest residential portfolio with several signed agreements in desirable destinations around the world. NEW YORK, June 2, 2025 /PRNewswire/ -- Today, Marriott International, Inc. (Nasdaq: MAR), the industry leader in branded residential development, announces signed agreements in: Detroit, Michigan; Muskoka, Canada; Gulf of Papagayo, Guanacaste, Costa Rica; and Jeddah, Saudi Arabia; bringing the Marriott Branded Residences total open and pipeline portfolio to around 300 project ...
Chatham Lodging Trust: Grabbing An 8.2% Return On Preferred Equity
Seeking Alpha· 2025-05-31 15:40
Group 1 - The investment group European Small Cap Ideas focuses on high-quality small-cap investment opportunities in Europe, emphasizing capital gains and dividend income for continuous cash flow [1] - The group offers two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio, along with weekly updates and educational content [1] - The analyst has a beneficial long position in the preferred shares of Chatham Lodging Trust (NYSE: CLDT.PR.A), indicating confidence in the company's performance [1]
Host Hotels & Resorts: Fortress Balance Sheet, 5% Yield Make This A Buy
Seeking Alpha· 2025-05-30 15:17
Group 1 - The focus is on building a financial portfolio aimed at achieving financial independence through investments in dividend stocks, which provide a steady income stream [1] - There is a keen interest in financial markets and a continuous effort to learn about various sectors [1] Group 2 - No stock, option, or similar derivative positions are held in the companies mentioned, but there may be plans to initiate a long position in HST within the next 72 hours [2] - The article expresses personal opinions and is not influenced by compensation from any company mentioned [2] Group 3 - Past performance is not indicative of future results, and no specific investment recommendations are provided [3] - The views expressed may not represent the overall opinions of Seeking Alpha, and the analysts involved may not be licensed or certified [3]
Hilton Worldwide (HLT) Up 11.2% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-05-29 16:37
Core Viewpoint - Hilton Worldwide Holdings Inc. has seen its shares increase by approximately 11.2% over the past month, outperforming the S&P 500, raising questions about the sustainability of this positive trend leading up to the next earnings release [1] Group 1: Earnings Report and Market Reaction - The consensus estimate for Hilton Worldwide has shifted downward by 5.65% over the past month, indicating a negative trend in earnings expectations [2] - The stock has an average Growth Score of C and a Momentum Score of B, while it received a D grade on the value side, placing it in the bottom 40% for that investment strategy [3] Group 2: Outlook and Future Expectations - The overall trend for estimates has been downward, suggesting a potential decline in stock performance, with Hilton Worldwide holding a Zacks Rank of 3 (Hold), indicating expectations for an in-line return in the coming months [4]
New Engen Named Digital Marketing Agency of Record by Loews Hotels
GlobeNewswire News Room· 2025-05-29 13:00
SEATTLE, May 29, 2025 (GLOBE NEWSWIRE) -- New Engen, a leading digital marketing agency, today announced it has been selected by Loews Hotels as the group’s agency of record. Loews, which owns and operates 27 distinct hotel properties across the United States, has hired New Engen to drive strategic digital impact across its portfolio outside of Orlando. “Loews Hotels is a brand with an incredible legacy and a clear vision for growth,” said Justin Hayashi, CEO of New Engen. “We’re proud to partner with a tea ...
Safe Bulkers: Still A Good Choice Despite External Headwinds
Seeking Alpha· 2025-05-28 16:54
Group 1 - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets [1] - Investment diversification has become a strategy for individuals, moving away from traditional savings in banks and properties [1] - The popularity of insurance companies in the Philippines has influenced investment choices since 2014 [1] Group 2 - Initial investments were made in blue-chip companies, but there is now a broader portfolio across various industries and market capitalizations [1] - The US market was entered in 2020, expanding investment opportunities beyond the Philippine market [1] - The use of analytical tools and resources from platforms like Seeking Alpha has enhanced comparative analysis between the US and Philippine markets [1]