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Search resuls for: "Mark Hoplamazian"


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☆ Customers didn’t stop spending. Companies stopped serving
  + stars: | 2024-08-09 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
It’s called a sector rotation, and it happens all the time as part of the natural course of a business cycle. The US economy is still pretty strong, growing at an annualized rate close to 3% in the most recent quarter. But it’s not as if Americans have stopped going to restaurants — they’re just being a bit more discerning when they do. Instead, they’re going to Texas Roadhouse, where they can sit down and have some service with their meal. Or they’re swinging through Chipotle, which saw sales shoot up 11% last quarter at stores open at least a year.
Persons: CNN Business ’, they’ve, that’s, it’s, they’re, ”, Mark Hoplamazian, Marriott’s, Disney, Hugh Johnston, — they’ve, Pete Werner, wouldn’t Organizations: CNN Business, New York CNN, Wall, Texas, Disney, CNN, Bloomberg Locations: New York, —, Texas
☆ US, European hotel rates may keep rising, industry executives say
  + stars: | 2023-06-07 | by ( Doyinsola Oladipo | ) www.reuters.com   time to read: +2 min
NEW YORK, June 7 (Reuters) - Hotel room rates in the U.S. and Europe are rising and may get even more expensive as supply has failed to keep up with demand, industry executives said. The number of U.S. hotel rooms increased about 3% in April of 2023 from the same month in 2019. Some 153,000 hotel rooms were under construction in April of 2023, down from a peak of 220,000 in the same month in 2020, according to hotel analytics firm STR. U.S. hotel rates in May averaged $157.45 a night, up 17% from the same month in 2019. "For the past 20 years hotel operators were not daring enough to restate the prices of hotel rooms," he said.
Persons: Keith Barr, Barr, It's, Mark Hoplamazian, Michael Tran, Sebastien Bazin, Bazin, There's, IHG's Barr, Doyinsola Oladipo, Richard Chang, Paul Simao Organizations: YORK, Resorts, NYU International Hospitality Industry Investment Conference, RBC Capital Markets, Thomson Locations: U.S, Europe, Paris, London, New York
☆ US, European hotel room rates could keep rising - industry executives
  + stars: | 2023-06-07 | by ( Doyinsola Oladipo | ) www.reuters.com   time to read: +2 min
NEW YORK, June 7 (Reuters) - Hotel room rates in the U.S. and Europe are rising and may get even more expensive as supply has failed to keep up with demand, industry executives said. Some 153,000 hotel rooms were under construction in April, down from a peak of 220,000 in the same month in 2020, according to hotel analytics firm STR. U.S. hotel rates in May averaged $157.45 a night, up 17% from 2019. "For the past 20 years hotel operators were not daring enough to restate the prices of hotel rooms," he said. Bazin said Paris hotel prices in the past six months cost 50% more than in 2019, while prices in London rose 30% over the same period.
Persons: Keith Barr, It's, Barr, Mark Hoplamazian, Sébastien Bazin, Bazin, There's, IHG's Barr, Doyinsola Oladipo, Richard Chang Organizations: YORK, Resorts, NYU International Hospitality Industry Investment Conference, U.S, Hotels, Thomson Locations: U.S, Europe, Paris, London, New York
☆ Hyatt CEO Mark Hoplamazian on travel rebound: Leisure and group travel are back
  + stars: | 2023-06-06 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHyatt CEO Mark Hoplamazian on travel rebound: Leisure and group travel are backHyatt CEO Mark Hoplamazian joins 'Squawk Box' to discuss the company's latest expansion and acquisition plans, 2023 forecast, travel trends, and more.
Persons: Mark Hoplamazian Organizations: Hyatt
☆ Hyatt Hotels CEO Mark Hoplamazian: Our resorts rates grow as total demand for leisure increases
  + stars: | 2023-05-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHyatt Hotels CEO Mark Hoplamazian: Our resorts rates grow as total demand for leisure increasesHyatt Hotels CEO Mark Hoplamazian joins 'Squawk on the Street' to discuss a rebound in travel based to and from China, Hyatt's focus on high-end travelers, and forecasts for continued growth in 2023.
☆ Watch CNBC's full interview with Hyatt Hotels CEO Mark Hoplamazian and Vail Resorts CEO Kirsten Lynch
  + stars: | 2022-11-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Hyatt Hotels CEO Mark Hoplamazian and Vail Resorts CEO Kirsten LynchMark Hoplamazian, Hyatt Hotels president and CEO, Vail Resorts CEO Kirsten Lynch, and Ron Baron, chairman and CEO of Baron Capital, join CNBC's 'Squawk Box' to discuss the health of the U.S. consumer, potential expansion opportunities in Europe and more.
☆ Vail Resorts CEO: We are growing our share of the luxury European ski market
  + stars: | 2022-11-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVail Resorts CEO: We are growing our share of the luxury European ski marketMark Hoplamazian, Hyatt Hotels president and CEO, Vail Resorts CEO Kirsten Lynch, and Ron Baron, chairman and CEO of Baron Capital, join CNBC's 'Squawk Box' to discuss the health of the U.S. consumer, potential expansion opportunities in Europe and more.
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