Q3: Marriott, Hyatt Project 2024 Corp. Rates; Sabre Assesses Demand; Delta to Cut Staff

 

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November 03, 2023 Marriott: Q3 Corp. Growth 'Slow and Steady,' Higher Rates Next By Angelique Platas Marriott International's third-quarter business transient revenue increased at a "slow and steady" year-over-year pace, executives said Thursday during an earnings call. Meanwhile, Marriott expects "to see another year of strong growth in our special corporate rate." Keep Reading Delta to Reduce Corporate Staff Delta Air Lines will reduce its corporate staffing, the carrier confirmed in a Thursday statement, but did not specify which or how many roles would be affected. Keep Reading Hyatt Q3 Corp. Demand Up as Transient, Group Lines Blur Hyatt Hotels Corp.'s third-quarter transient business travel revenue increased 19 percent year over year and has recovered to approximately 90 percent of 2019 levels, hotel executives said Thursday. Keep Reading Report: JetBlue to Lose Amsterdam Slots in Summer Schiphol Airport slot coordinator ACNL has said that airlines without historic rights at the airport, including JetBlue, will not be allocated summer 2024 slots. Keep Reading Sabre Reports Booking, Share Growth as Q3 Loss Widens Sabre reported a 12 percent increase in total third-quarter bookings year over year, which helped push an 11 percent increase in Travel Solutions revenue to $671.9 million. Keep Reading Lufthansa Wary of Demand Risk After 'Strongest' Q3 Lufthansa Group on Thursday reported third-quarter revenue of nearly €10.3 billion, an 8 percent increase year over year. Keep Reading Avis Budget: Q3 Revenue Flat Despite Record Americas Volume Avis Budget Group reported record rental days, transactions and revenue for its Americas division during the third quarter, but revenue was roughly flat. Keep Reading American, Aer Lingus Expand Codeshare American Airlines and Aer Lingus effective immediately have expanded their codeshare agreement to include flights between Dublin and each Philadelphia and Chicago. Keep Reading Sabre: GDS Air Market Recovery Slower Than 'Conservative' Guidance Subscribe to the Beat An acceleration in corporate booking since Labor Day [is] an encouraging sign that recovery and business travel is picking back up after notably dropping off through the summer." - JetBlue's   Joanna Geraghty Read More 45% Buyer respondents to an October GBTA poll who said airlines are pushing NDC bookings too fast, down from 53 percent in April. Check It Out Air Canada to Launch Stockholm Service Air Canada on June 12, 2024, will add new summer seasonal flights to Stockholm, the carrier announced Thursday. Keep Reading 301 Route 17 North, Suite 1150 Rutherford, New Jersey, USA 07070

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