hotel stocks

Travel company Expedia Group Inc (NASDAQ:EXPE) reported first-quarter financial results after market close Thursday. Here are the key highlights. What Happened: Expedia reported first-quarter revenue of $2.99 billion, up 3% year-over-year. The revenue total missed a Street consensus estimate of $3....

Key Takeaways: Tongcheng’s revenue more than doubled in the second quarter, as domestic travel in China bounced back with the end of Covid restrictions The company’s strengths in lower-tier cities and exclusive position on Tencent’s WeChat have given it an edge over more globally...

One of the sectors hit hardest during the COVID-19 pandemic was hospitality, which included restaurants and hotels. A member of the U.S. Congress could be betting on the comeback of hotels with a recent investment in an LLC that owns hotels. What Happened: Speaker of the House Nancy Pelosi recently...

A hospitality brand targeting millennials and Gen Z travelers announced fiscal 2021 results,as well as an update on its growing portfolio of global properties. Financial Results: Selina, which is merging with BOA Acquisition Corp (NYSE: BOAS), ended 2021 on a high note with December the most active...

A new brand that has transformed and disrupted the hotel industry called Selina announced a SPAC deal Thursday. Benzinga breaks down the SPAC deal and shares thoughts from the man behind the SPAC taking the company public. The SPAC Deal: Selina is going public via a SPAC merger with BOA Acquisition...

A SPAC announced a merger Tuesday to bring several hospitality websites public. Here are the details of the merger and how the company could be a reopening play. The SPAC Deal: HotelPlanner and Reservations.com will merge with Astrea Acquisition Corp (NASDAQ: ASAX). The deal values the combined...

Two Chinese companies plan to list in the shortened holiday week. Atour Lifestyle Holding: The largest upper midscale hotel company in China is going public with the IPO of Atour Lifestyle Holdings (NASDAQ:ATAT). The company has 608 hotels and 71,121 rooms in 131 Chinese cities as of March 31. The...

Hotel stocks are on a two-day winning streak, and bullish investors with a long-term time frame should pick one name over the others, according to Chantico Global CEO Gina Sanchez. Why Sanchez Likes Hilton The hotel industry is among the hardest hit in the coronavirus pandemic, but this...

Analysts at Morgan Stanley turned incrementally bullish on hotel chain La Quinta Holdings Inc (NYSE: LQ) given expectations for a stronger economy, which will have a positive impact on lodging demand. Morgan Stanley's Thomas Allen upgraded La Quinta's stock rating from Equal Weight to Overweight...

Jed Kelly of Oppenheimer reiterated an Outperform rating on Priceline Group Inc (NASDAQ: PCLN)'s stock with a price target boosted from $1,860 to $2,000 based on the belief that a 20 percent-plus room-night growth rate is achievable over the medium term. Kelly expects Priceline's 2017 room-nights...

Conventional wisdom would dictate that hotel chains such as Marriott International Inc (NASDAQ: MAR) have a strong relationship with online travel agencies including Priceline Group Inc (NASDAQ: PCLN) and Expedia Inc (NASDAQ: EXPE). However, this is not the case at all, at least according to a...

Marriott International Inc (NASDAQ: MAR) and Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) jointly announced on Friday that shareholders of both companies successfully voted to approve Marriott's acquisition of Starwood. Marriott noted in its press release that holders of over 97 percent...

Shares of Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) were trading higher by more than 2 percent after Monday's market open, as the company updated its investors over an ongoing bidding war. On March 26, Starwood received a non-binding proposal from a consortium of investors, including...