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Search resuls for: "Chris Nassetta"


14 mentions found


☆ Travel isn’t dead. It’s just taking a vacation
  + stars: | 2024-08-19 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +5 min
New York CNN —CEOs of many of the biggest US hotel and travel companies are coming off a bit like doomsayers these days with their warnings about the declining health of consumers and their waning appetite for travel. Gary Hershorn/Getty ImagesMuch of the revenue growth that travel companies reported in recent years resulted from inflation, said David Tinsley, a senior economist at Bank of America Institute. “It was always going to be tough to expect travel spending to be showing the kind of momentum it showed 12 months ago,” he told CNN. “I don’t think the current situation is particularly bleak — it’s reasonable to see more normalization playing out,” he said, referring to travel spending getting back on par with pre-pandemic trends. Still, it’s not hard to see why this mixed picture is prompting travel companies to tread carefully.
Persons: —, ”, Brian Chesky, “ It’s, Ellie Mertz, Chris Nassetta, Airbnb’s Mertz, haven’t, Jan Freitag, ” Freitag, Walt Disney, Gary Hershorn, David Tinsley, Tinsley, “, Steve Hafner, it’s Organizations: New, New York CNN, Conference, Bank of America Institute, CNN Locations: New York, ”
☆ Hilton Worldwide CEO: Not seeing annual growth this summer that we saw the last couple of summers
  + stars: | 2024-06-03 | 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 EmailHilton Worldwide CEO: Not seeing annual growth this summer that we saw the last couple of summersChris Nassetta, Hilton Worldwide CEO, joins 'Squawk on the Street' to discuss how the summer travel season looks, whether demand differs by category, and the company's investments.
Persons: Chris Nassetta Organizations: Hilton, Hilton Worldwide
☆ Hilton CEO Christopher Nassetta: We will have the strongest summer season in our history
  + stars: | 2023-06-05 | 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 EmailHilton CEO Christopher Nassetta: We will have the strongest summer season in our historyCNBC's Sara Eisen sits down with Hilton CEO Chris Nassetta to discuss the summer travel demand, whether economic pressure ultimately weighs on demand, and more.
Persons: Christopher Nassetta, Sara Eisen, Chris Nassetta Organizations: Email, Hilton
☆ Despite all odds, consumers are still traveling this summer. Here are the stocks you need to own
  + stars: | 2023-05-26 | by ( Michelle Fox | ) www.cnbc.com   time to read: +11 min
Yet despite all odds, 61% of those surveyed said they plan to travel this summer, up from the 49% who said the same in summer 2021. Some 56% of adults are more likely to stay in a hotel this summer than they were in 2022, according to the AHLA/Morning Consult survey. Booking Holdings is also an analyst favorite, with an average rating of overweight and 10% upside to the average price target, per FactSet. While prices are still high, the latest consumer price index for April showed the airline fares index fell 2.6% month over month, after rising in February and March. Airlines are essentially sold out for summer travel, according to TD Cowen analyst Helane Becker.
Persons: Matt Kramer, They're, You've, Sylvia Jablonski, Kramer, Freed, Bernstein, David Vernon, Price, Robin Farley, Farley, James Hardiman, Hardiman, Josh Weinstein's, RevPar, Tony Capuano, Chris Nassetta, Biden, Hilton, they've, Airbnb, Brian Chesky, it's, Evercore, Mark Mahaney, amortization, Mahaney, Cowen, Helane Becker, Becker, — CNBC's Michael Bloom, Ashley Capoot Organizations: KPMG, KPMG Consumer, Survey, Cruise ETF, Royal, Holdings, Marriott, United Airlines, Morning, American, & Lodging Association, Cruises, UBS, Citi, CCL, CNBC, Hilton Worldwide, U.S . Travel Association, State Department, Booking Holdings, Booking, Airlines, Delta Air Lines, Copa Holdings, Panamanian, Copa Airlines Locations: United States, Royal Caribbean, United, Caribbean, CocoCay, Thursday's, China, North America, Asia, Europe
☆ 3 soft skills separate highly successful CEOs from most people, says workplace coach—here's how to master them
  + stars: | 2023-05-03 | by ( Ashton Jackson | ) www.cnbc.com   time to read: +3 min
America has a problem, says Bonnie Low-Kramen: Many of the country's CEOs are losing their sense of humanity. Much of the problem stems from a lack of interpersonal skills, Low-Kramen says. Low-Kramen's fix, for any level of the workplace: Develop your soft skills. Three soft skills — the "three Vs" — particularly matter in today's environment, Low-Kramen says. The transparency didn't keep Hilton employees from feeling confused or unmoored at the time, but it helped provide them with a sense of stability, Low-Kramen says.
☆ Hilton CEO on Q1 earnings beat
  + stars: | 2023-04-26 | 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 EmailHilton CEO on Q1 earnings beatHilton CEO Chris Nassetta joins 'Squawk on the Street' to discuss the demand Hilton's seen this year, his insights into business travel from tech and finance, and more.
☆ Travel demand is hot, but some prices may cool: These are the stocks for spring break and beyond
  + stars: | 2023-02-18 | by ( Michelle Fox | ) www.cnbc.com   time to read: +9 min
Last week, Hilton Worldwide CEO Chris Nassetta said, "The demand trends here and now are really strong." In the home-rental space, Airbnb also said it was seeing continued strong demand at the start of 2023. China's reopening from its Covid lockdown is also helping propel travel demand, as well as the tick up in business travel, she said. "The trends have been really strong since January," he said. Airlines like Delta, American Airlines and United Airlines cited strong travel demand and higher fares for fueling their strong fourth-quarter earnings — as well as for forecasts for this year.
☆ CEO of Hilton says a Porsche was the dumbest thing he ever bought: 'I spent all my money on that stupid car'
  + stars: | 2023-02-05 | by ( Megan Sauer | ) www.cnbc.com   time to read: +3 min
Hilton CEO Chris Nassetta says selling his black Porsche 944 was the best financial decision he ever made. "I spent all my money on that stupid car." Since 2007, Nassetta has driven something more practical: a four-door Lexus sedan he bought just after landing the top role at Hilton. In 2020, the mechanic called Nassetta to say he'd found someone nearby with the vehicle — but it was barely running. Together, Nassetta and the mechanic spent two years repairing the car, completing the project last May.
☆ Don't make this common career mistake in your 20s, says the CEO of Hilton
  + stars: | 2023-01-31 | by ( Megan Sauer | ) www.cnbc.com   time to read: +5 min
The job taught Nassetta, the 60-year-old CEO of Hilton Worldwide — a multinational hospitality company with a $38.86 billion market capitalization, as of Tuesday morning — more than just how hotels operate, he says. "Young people have so much access and information to knowledge, but you don't want to confuse that with experience." In contrast, some of his friends spent their 20s and 30s rising through the career ranks to powerful positions — and quickly flaming out, he says. On finding help in unexpected places: 'To this day ... you just don't know what you don't know'I like to think I work hard, I'm well educated, I'm reasonably smart. But even to this day, and certainly when I was in my 20s and 30s trying to figure things out, you just don't know what you don't know.
☆ Hilton Sees a New Golden Age of Travel. Can It Last?
  + stars: | 2022-12-17 | by ( Chip Cutter | ) www.wsj.com   time to read: 1 min
If a recession is looming, Hilton Worldwide Holdings Inc. so far is hardly feeling it. The company’s hotels are busy around the world, as consumers return to in-person experiences, travel restrictions ease and many fulfill a pent-up desire to see new places, says Chris Nassetta , the company’s longtime chief executive officer. People emerged from the pandemic with a new perspective on taking opportunities to get out, he says.
☆ Watch CNBC's full interview with Hilton CEO Chris Nassetta
  + stars: | 2022-10-26 | 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 Hilton CEO Chris NassettaHilton CEO Chris Nassetta joins 'Closing Bell' to discuss tourism, the significant recovery in leisure demand, momentum expectations for Q4 and the shifting allocation of consumer spending.
☆ There is an immense amount of pent-up demand for in-person activities, says Hilton CEO Chris Nassetta
  + stars: | 2022-10-26 | 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 EmailThere is an immense amount of pent-up demand for in-person activities, says Hilton CEO Chris NassettaHilton CEO Chris Nassetta joins 'Closing Bell' to discuss tourism, the significant recovery in leisure demand, momentum expectations for Q4 and the shifting allocation of consumer spending.
☆ From Elon Musk's 'super bad feeling' to Jamie Dimon's warnings of an economic 'hurricane,' CEOs are shouting that 2023 is going to suck. Here's what 10 are predicting.
  + stars: | 2022-10-21 | by ( Hannah Towey | Jason Lalljee | ) www.businessinsider.com   time to read: +8 min
91% of US CEOs anticipate there will be recession in the next 12 months, according to a KPMG survey. The Fed will further raise interest rates to combat inflation, which will increase costs for businesses. Those interest rates also mean that credit card and loan debt will get more expensive. Musk told investors in October that "North America is in pretty good health," but pushed back on the Fed's decision to keep raising interest rates. Citadel CEO Ken Griffin"Everybody likes to forecast recessions, and there will be one," Citadel's billionaire CEO told CNBC in late September, noting that he thinks inflation has peaked.
☆ Business travel costs are expected to rise through 2023, industry report says
  + stars: | 2022-08-10 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +2 min
The cost of business travel, from hotels to airfare, is set to rise through 2023 as demand returns more than two years after the Covid pandemic began, according to an industry report published Wednesday. Business travel airfare is on track to rise nearly 50% this year over 2021, following two years of steep declines, according to a report from travel management company CWT and the Global Business Travel Association. Airline and hotel executives have been upbeat about a return to business travel after Covid-19 and measures to curb its spread, like travel restrictions, forced companies to put many work trips on hold. While leisure travel has roared back from 2020 pandemic lows, business travel has lagged, depriving hotels and airlines of an important source of revenue. That's despite concerns about a slowing economy, travel industry labor shortages and other headaches, as some large corporations seek ways to cut back on spending.
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