Tag: 2024
IHG Reports Q4 and Full-Year 2024 Results
InterContinental Hotels Group, PLC reported Q4 and full-year 2024 results. Highlights include:
Trading and revenue
Global RevPAR up 3 percent (Q4 up 4.6 percent), Americas up...
MGM Resorts International Reports Q4 and Full-Year 2024 Financial Results
LAS VEGAS, Nevada—MGM Resorts International reported financial results for the quarter and year ended Dec. 31, 2024. Highlights include:
MGM Resorts reports record full-year consolidated...
CoStar: Labor Costs and Inflation Impact U.S. Hotel Industry
ARLINGTON, Virginia—U.S. hotel industry profits grew in 2024, but increased labor costs and inflation limited growth, according to P&L data from CoStar.
U.S. Hotel Industry2024...
Hyatt Hotels Corporation Reports Q4 and Full-Year 2024 Results
CHICAGO, Illinois—Hyatt Hotels Corporation reported fourth quarter and full year 2024 results. Highlights include:
Comparable system-wide hotels RevPAR growth was 5 percent in the fourth...
CoStar: U.S. ADR and RevPAR Growth Slowed to 2020 Rate in 2024
WASHINGTON—The U.S. hotel industry reported record-high average daily rate (ADR) and revenue per available room (RevPAR), but the country’s growth rate was its lowest...