How Airbnb’s Valuation Compares With That of Other Hotel Companies
Airbnb's IPO-day pop values it at about $100 billion, up from an $18 billion valuation during its last private fundraising round in April.
Embattled Industries: Profiles in Resilience
Although the pandemic nearly crushed their industries, these companies are finding ways to thrive.
Marriott Takes Revenue Hit From Empty Rooms
“In the last few months, we have seen the impact of COVID-19 spread throughout our business in an unprecedented way."
Airbnb to Buy HotelTonight to Expand Platform
The acquisition of the hotel booking app is aimed at advancing Airbnb's goal of offering an end-to-end platform for travelers.
Wyndham Acquires La Quinta Hotels for $1.9B
The hotel operator will add one of the largest midscale brands to a portfolio that also includes Days Inn and Super 8.
Aramark Buys Avendra, AmeriPride for $2.3B
The acquisitions will complement Aramark’s 2016 buy of group-purchasing firm HPSI and significantly increase its uniform business.
Trivago Shares Dive on Reduced Guidance
The hotel-search company has been hit by a slowdown in the revenue it generates by referring users to hotel websites.
Hilton Swings to Loss on Restructuring Costs
The hotelier took a tax hit of $513 million related to restructuring but its adjusted earnings beat analysts' estimates.
China’s HNA Group Buys 25% of Hilton for $6.5B
The Chinese conglomerate makes its second foray into the U.S. hotel industry in six months, paying a premium of 14.6% for Blackstone's stake in Hilton.
China Life Invests in Starwood Capital Hotels
China's largest insurer acquires a stake in a $2 billion portfolio of select-service hotels as it continues to step up its overseas investments.
Lawsuit Drives Hotelier Into Chapter 11
The company founded by legendary hotelier John Q. Hammons says the bankruptcy is a strategic response to the litigation with an investor.