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☆ Cruise lines are having a moment as a popular — and cheaper — alternative to hotels
▼ + stars: | 2024-10-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Royal Caribbean is set to release its quarterly results on Tuesday, followed by Norwegian Cruise Line Holdings ' report on Wednesday. That means the cruise lines may have more room to grow, she said. "The wider that gap, the better the opportunity for the cruise lines to have upside," Farley said in an interview with CNBC. However, Scholes said his research shows that out of the three major cruise lines, the Carnival brand is facing the most pricing competition from private cruise operator, MSC. Stock Chart Icon Stock chart icon Norwegian Cruise Lines stock year to date

Persons: Marco Bello, Patrick Scholes, Hilton, Christopher Nassetta, industry's, Brandt Montour, Montour, Josh Weinstein, CNBC's, Robin Farley, Farley, Truist's Scholes, Scholes, It's, Caribbean's Organizations: Port, Afp, Getty, CNBC, Wednesday, Barclays, Royal, Cruise Line Holdings, UBS, Orlando, Vegas, Royal Caribbean, Bloomberg, Royal Caribbean's, Citi, Cruise Lines Locations: Port of Miami, Miami , Florida, Caribbean, Royal Caribbean, 200bps, PortMiami, Norwegian

☆ Hilton CEO on beating earnings estimates
▼ + stars: | 2024-02-07 | 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 beating earnings estimatesHilton CEO Christopher Nassetta joins 'Money Movers' to discuss the company's quarterly earnings results, light guidance, and more.

Persons: Christopher Nassetta Organizations: Email

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 25 (Reuters) - Hilton Worldwide Holdings (HLT.N) beat Wall Street estimates for third-quarter revenue and lifted its annual forecast on Wednesday, as record lodging prices and higher occupancy levels boosted results. Hotel and resort operators are benefiting from the global rebound in travel as consumers continue to plan vacations despite inflation and the higher cost of travel compared to pre-pandemic. Hilton's revenue per available room in the third quarter saw significant recovery in Asia, up 65.5% compared to the year earlier. The company's third-quarter revenue rose to $2.67 billion, exceeding the average Wall Street estimate of $2.64 billion, according to LSEG data. It expects full-year revenue per room to increase between 12.0% and 12.5% compared to 2022.

Persons: Brendan McDermid, Christopher Nassetta, Hilton, Priyamvada, Shounak Dasgupta, Shilpi Majumdar Organizations: New York Stock Exchange, REUTERS, Hilton Worldwide Holdings, Hilton, Waldorf Astoria Hotels & Resorts, Marriott International, Thomson Locations: New York, U.S, Asia, Bengaluru, Doyinsola

☆ 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

☆ House swaps and dog walks: Travelers find cheaper alternatives to lodging
▼ + stars: | 2023-05-22 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +4 min

About one night in a hotel, along with the time she spent walking dogs, watering plants and changing litter boxes. Some are taking road trips instead of flying or booking a budget hotel room. Travelers in March booked 21 million short-term rental nights, the highest number of future nights booked on record, according to AirDNA. MORE TRAVELERS ON A BUDGETU.S. travel companies have taken notice, beefing up economy-level options to draw in growing numbers of cost-conscious travelers. Hotel operator Hilton (HLT.N) in January announced a new economy hotel brand, Spark, aimed at budget travelers and told investors in April it was working on a lower-end extended stay brand.

Executives still remained confident about the momentum in demand continuing in the near-term, including in international travel, led by U.S. travelers and China's reopening. Hilton now expects full-year adjusted profit per share between $5.68 and $5.88, compared with a prior forecast of $5.42 to $5.68. The company's net unit growth - which reflects room additions - fell 32% to 5,300 rooms in the first quarter. "We predicted this air pocket (fall in net unit growth), and expect it to be short-term... but this will play to key investor concern on financing risk," Bernstein analyst Richard Clarke said, adding that investor focus was more on unit growth than demand. Hilton reported an adjusted profit of $1.24 per share, compared with analysts' average estimates of $1.13, according to Refinitiv data.

☆ U.S. travel companies experience high demand but economic worries cloud outlook
▼ + stars: | 2023-02-24 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +3 min

NEW YORK, Feb 24 (Reuters) - Fears of recession and the impact of inflation on consumer budgets could curb a rebound in travel demand reported by U.S. travel companies in the fourth quarter, although bookings are holding up so far this year, analysts said. U.S. travel spending in December 2022 totaled $97 billion, 3% above 2019 levels and 7% above 2021 levels, according to the U.S. Travel Association. The demand contrasts with declining home improvement sales and other discretionary purchases that have hurt furniture stores and retailers like Home Depot. International travel spurred demand growth for Airbnb and Marriott International Inc (MAR.O) in the fourth quarter. Group bookings are still down 15% compared to pre-pandemic levels, while headwinds in several industries continue to affect business travel, said Truist's Scholes.

☆ 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 to design astronaut suites, facilities for Voyager's private space station Starlab
▼ + stars: | 2022-09-19 | by ( Michael Sheetz | ) www.cnbc.com time to read: +3 min

PARIS — Hotel giant Hilton has signed on to design astronaut facilities for the private space station Starlab, currently under development by Voyager Space Holdings and Lockheed Martin, the companies told CNBC on Monday. In addition to designing hospitality suites and sleeping arrangements, Hilton will also work with Voyager to examine opportunities for marketing of the space station and astronaut experiences onboard. Voyager and its operating company Nanoracks are developing the free-flying Starlab space station in partnership with Lockheed Martin. The space station is one of four being built by U.S. companies with help from NASA contracts as the agency prepares to retire the International Space Station (ISS) in 2030. The first Starlab is built to be as flexible as possible — with the design capable of having three modules attached together.

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