Q3 Hotel Earnings: Hilton, Accor, Wyndham Detail Demand Trends

 

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October 27, 2022 Hilton: Q3 Corp. Transient RevPAR Reaches '19 Level By Angelique Platas Hilton Hotels Corp.'s third-quarter business transient revenue per available room exceeded 2019 levels for the first time since the pandemic, the company announced Wednesday. "Business transient RevPAR reached 2019 levels with notable acceleration in large corporate business," Hilton president and CEO Christopher Nassetta said. Keep Reading Accor: Outside of Asia, Revenue at Pre-Covid Level Accor in the third quarter posted record revenue per available room levels, which exceeded 2019 figures, the company announced Wednesday. Keep Reading Wyndham: Q3 Occupancy Recovery Lags, RevPAR Rises Wyndham Hotels & Resorts in the third quarter broke records for quarterly revenue per available room and pipeline growth, but occupancy lagged in recovery. Keep Reading Payment/Expense Platform Center Adds $15M in Funding Corporate card and expense platform provider Center has raised $15 million in its latest funding round, bringing its total funding to more than $110 million. Keep Reading Alaska Orders 52 Boeing 737 Max Aircraft In what it called "the largest commitment for future aircraft in the airline's history," Alaska Airlines has ordered from Boeing 52 737 Max aircraft for delivery between 2024 and 2027. Keep Reading Air Canada Orders 15 Airbus A220 Aircraft Air Canada has ordered 15 Airbus A220-300 aircraft, the carrier announced Wednesday, which will bring the airline's fleet of the aircraft to 60 upon delivery in 2026. Keep Reading We haven't really had that flexibility the last few years. This is the first step down that path. Connecting our agency partners with NDC will be the critical next step so we can get new content to them." - American's Neil Geurin Read More The Beat Live Agenda Is Posted Subscribe to the Beat HQ, Bolt Business Partner in Europe Corporate mobility platform HQ and the corporate division of ride-hailing app Bolt have partnered with the aim of offering ride-hailing services to large corporate clients across Europe. Keep Reading Charter Bus Booking Platform CharterUp Raises $60M Corporate charted bus marketplace CharterUp has raised $60 million in funding, which it said it will use to grow its footprint and bulk up its product and engineering teams. Keep Reading 301 Route 17 North, Suite 1150 Rutherford, New Jersey, USA 07070

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