Two major hotel groups are reporting surging numbers, further proof that the travel recovery is very real. Ongoing strength in leisure travel and an acceleration in the recovery of group demand pushed Marriott International’s second-quarter performance to or above 2019 levels. Hilton also is reporting much stronger numbers than expected. Excluding its hotels in the Greater China region, Marriott’s global June revenue per available room (RevPAR in hotel parlance) came in at 1% above 2019 levels, Marriott CEO Tony Capuano said during the company’s second-quarter earnings call, according to Hotel News Now. Worldwide occupancy reached 71%, only 5 percentage points Read more
earnings
They still lost nearly $400 million in the second quarter of the year, but Air Canada revenues soared almost five times higher than last year. Canada’s largest airline reported its finances for quarter two today and, despite recent difficulties, sounded an optimistic tone. Officials said the company lost $386 million in the quarter, but that revenues were $3.981 billion; nearly five times the second quarter of 2021. “The past three months have been very challenging for our company, our employees, and customers from an operational perspective,” said Michael Rousseau, President and Chief Executive Officer of Air Canada. “The path to Read more
