Browsing by Author "McCune, Robert"

Now showing 1 - 5 of 5
  • Thumbnail Image
    Hilton, Park CEOs to Industry: 'Seize the moment'
    McCune, Robert (2020-09-18)
    Chris Nassetta, President & CEO of Hilton, and Tom Baltimore Jr., President & CEO of Park Hotels, weighed in on the COVID-19 pandemic and the need of racial justice and equality at the virtual National Association of Black Hotel Owners, Operations, and Developers (NABHOOD) annual conference. Baltimore and Nassetta both praised the Black Lives Matter movement and called for the Hotel Industry to do a better job at extending management opportunities to people of color. Nassetta also stated that he believes the worst of the pandemic is behind us.
  • Thumbnail Image
    Hotel Stock Surge in February to Highest Levels of Pandemic
    McCune, Robert (Hotel News Now, 2021-03-05)
    Hotel stocks hit their highest gains since the beginning of the COVID-19 pandemic last month. February's gains can be contributed to the mass distribution of the COVID-19 vaccine and the continued re-opening of hotel properties. Regionally, certain areas are doing better than others on the path towards recovery. However, researchers predict a sustained country-wide recovery this summer.
  • Thumbnail Image
    UK hotel occupancy steadily softening amid COVID wave
    McCune, Robert (Hotel News Now, 2020-10-26)
    Occupancy in the UK continue to fall as restrictions increase due to an additional COVID-19 wave sweeping Europe. According to STR's latest findings, the average daily rate is roughly 35% lower than 2019 levels during the month of Octoebr.
  • Thumbnail Image
    Wyndham Accelerates System Growth Through Global Conversions
    McCune, Robert (CoStar, 2021-04-29)
    Wyndham continues to recover from the COVID-19 pandemic by increasing property conversions and remaining consistent with previous quarter one signing contracts. Wyndham has converted 52 hotels and signed 112 development contracts this past quarter. Although the United States markets are far from a complete recovery, Wyndham has reported increased occupancies in Florida, Arizona, and Utah. There is still work to be done on the international side as the international market is where President & CEO, Geoff Ballotti, noted Wyndham took the biggest hit to their overall portfolio overseas.
  • Thumbnail Image
    Wyndham’s Outlook Improves After Better-Than-Expected Third Quarter in US
    McCune, Robert (CoStar, 2021-10-28)
    Wyndham Hotels & Resorts reported a revenue per available room increase over both the first and second quarters of 2021. Their performance outpaced projections and surpassed their 2019 RevPAR totals at U.S. properties. Wyndham also announced in early October the launch of upper-midscale, all-inclusive brand Alltra.