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☆ Lodging Companies Step Up Efforts to Lure Competitors’ Hotels to Their Brands
▼ + stars: | 2023-02-06 | by ( Kate King | ) www.wsj.com time to read: 1 min

Spark by Hilton, a premium-economy-price tier brand announced in January, allows hotel owners to convert their properties for roughly $20,000 to $25,000 a room. Hilton Worldwide Holdings Inc. and other big hotel companies are intensifying efforts to recruit properties from competing brands, a way to maintain growth as new hotel construction slows. Spark by Hilton is the company’s 19th brand, but it is the first one that was built to be a pure conversion vehicle with a consistent look and design at every property. The brand is aimed primarily at bringing independent and rival properties into the Hilton system, said Matt Schuyler , chief brand officer for Hilton.

One of Amazon 's key air cargo operators said Monday that the e-commerce giant is scaling back on flights this year, citing lower demand and slower economic growth. Air cargo rates, which surged in recent years due to port congestion and high demand for fast deliveries, have slumped. The International Air Transport Association said last month that air cargo demand in November was down nearly 14% from the year-ago period, while capacity fell 1.9%. Through Amazon Air, the company has built up a burgeoning air network to control more aspects of the delivery process and ensure faster delivery. WATCH: How the pandemic shifted how Boeing and airlines think about air cargo

☆ 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.

☆ Boeing airplane deliveries picked up in November
▼ + stars: | 2022-12-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing 's aircraft deliveries picked up last month with airlines getting more 737 Max and 787 Dreamliner planes. Boeing also delivered 32 of its 737 Max planes to carriers including United and Southwest . November deliveries also included the second-to-last Boeing 747, which went to Atlas Air Worldwide Holdings . Boeing logged orders for 21 planes in November, which did not include United's massive order for at least 100 Dreamliners, announced earlier Tuesday. So far this year, Boeing has delivered 411 planes and logged net orders for 571 planes.

☆ Boeing's last 747 is rolling out of the factory after a more than 50-year production run
▼ + stars: | 2022-12-06 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

EVERETT, Wash. − Boeing 's final 747 is set to roll out of the company's cavernous factory north of Seattle as airlines' push for more fuel-efficient planes ends the more than half-century production run of the jumbo jet. "It's a very surreal time, obviously," said Kim Smith, vice president and general manager of Boeing's 747 and 767s programs out of the assembly plant here. "For the first time in well over 50 years we will not have a 747 in this facility." The lone 747, covered in a green protective coating, sits inside the company's massive assembly plant in Everett — the largest building in the world by volume, according to Boeing. The end of 747 production doesn't mean the planes will disappear entirely from the skies, since the new ones could fly for decades.

☆ The very last 747 jumbo jet is about to roll off Boeing’s assembly line
▼ + stars: | 2022-12-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN Business —After 53 years and more than 1,570 planes, the last Boeing 747 is set to roll off the assembly line in Washington state Tuesday, on its way to serve as a cargo plane. The once-groundbreaking jumbo jet, with the distinctive second-floor bulge, is perhaps the most notable and popular plane Boeing has ever built. The Boeing 747 in 1969. Other than that use, the 747’s days as a passenger plane are now almost completely behind it. But there are still 314 747 freighters in use, according to Cirium, many of which were initially used as passenger jets before being renovated into freighters.

☆ Marriot shares slide on delayed opening of some properties in China
▼ + stars: | 2022-11-03 | by ( Priyamvada C | ) www.reuters.com time to read: +2 min

"The market in China is most certainly where we're seeing the most challenges," Chief Executive Anthony Capuano said during an analyst call. Revenue per available room (RevPAR) from Greater China was $64.06 in 2021 company-wide, behind U.S. & Canada and Middle East & Africa. "Looking forward we expect that the recession will mute, but not derail, growth in the U.S. hotel industry. Marriott now expects 2022 adjusted profit per share of between $6.51 and $6.58, compared with its previous forecast of $6.33 to $6.59 per share. Adjusted profit per share was $1.69, one cent above expectations.

☆ Will a Peloton Bike Drive You to Pick One Hotel Over Another?
▼ + stars: | 2022-11-02 | by ( Dawn Gilbertson | ) www.wsj.com time to read: 1 min

SCOTTSDALE, Ariz.—Your next hotel workout might remind you of those at-home gyms we all hastily set up during Covid lockdowns—minus the cramped quarters, mismatched weight sets and kids clamoring for attention. With business and vacation travel bouncing back, Hyatt Hotels Corp., Hilton Worldwide Holdings Inc. and other chains are betting that travelers want hotels that help them take their pandemic-inspired fitness routines on the road. More hotels are bragging about their Peloton bikes and private exercise suites to lure travelers with the hope that they might actually work out on their next trip.

☆ Hotels Pitch Peloton Bikes, Private Gyms to Lure Guests
▼ + stars: | 2022-11-02 | by ( Dawn Gilbertson | ) www.wsj.com time to read: 1 min

SCOTTSDALE, Ariz.—Your next hotel workout might remind you of those at-home gyms we all hastily set up during Covid-19 lockdowns—minus the cramped quarters, mismatched weight sets and kids clamoring for attention. With business and vacation travel bouncing back, Hyatt Hotels Corp., Hilton Worldwide Holdings Inc. and other chains are betting that travelers want hotels that help them take their pandemic-inspired fitness routines on the road. More hotels are bragging about their Peloton bikes and private exercise suites to lure travelers with the hope that they might actually work out on their next trip.

Air cargo containers with the logo of Amazon are seen at Miami International Airport, in Miami, Florida, United States on June 16, 2021. Amazon has hired Hawaiian Airlines to fly the first Airbus cargo planes in the retail giant's air network, aircraft that will help replace older jets, as the carrier becomes the latest passenger airline to fly for the company. Hawaiian will fly at least 10 Airbus A330-300 converted freighters for Amazon, with the first ones starting in the fall of 2023, the carrier said in a filing. Amazon is still figuring out which of the older jets will be phased out, the spokesperson said. Amazon has similar agreements with other air cargo providers ATSG and Atlas.

☆ David Einhorn says he's bearish because the Fed's 'official policy is to make the stock market go down'
▼ + stars: | 2022-10-20 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Greenlight Capital's David Einhorn, who is crushing the market with double-digit returns this year, is selling stocks as the Federal Reserve continues to deflate the market with aggressive rate hikes. However, higher interest rates also discourage investments and in turn crunch supply, which is most evident in the housing market. "The most glaring area might be in housing, where higher rates lead to reduced supply despite widespread shortage," Einhorn said. That compares with a 23.9% decline for the S & P 500 during the same period as the benchmark tumbled into a bear market. Further, high short-term interest rates provide competition for gold," Einhorn said.

☆ Apollo Global exploring takeover of Ryder System - Bloomberg
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Sept 27 (Reuters) - Apollo Global Management (APO.N) is exploring a takeover of freight services provider Ryder System (R.N), Bloomberg News reported on Tuesday citing people with knowledge of the matter. Apollo and Ryder did not immediately respond to Reuters requests for comment. The potential bid comes months after Ryder rejected hedge fund HG Vora Capital Management's offer to acquire the company for $4.4 billion. Last month, Apollo led a group to take air-freight company Atlas Air Worldwide Holdings Inc (AAWW.O) private for nearly $3 billion. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Kannaki Deka in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Hilton Boutique Brand to Make Debut on Broadway, as Times Square Revives
▼ + stars: | 2022-09-12 | by ( Kate King | Photographs Jackie Molloy For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Hilton Worldwide Holdings Inc. has tapped a major development project in Manhattan’s Times Square to debut a boutique hotel brand, another sign the entertainment district is bouncing back after languishing for much of the pandemic. The hotel, which will be the first under the new Tempo by Hilton flag, will feature 661 rooms when it opens next year. It is part of TSX Broadway, a $2.5 billion, 550,000-square-foot tower located next to Times Square’s red bleachers and the TKTS discount-tickets booth.

☆ Europe's top hotel chain is hiring workers without experience or even résumés because it's so desperate for staff
▼ + stars: | 2022-07-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

The CEO of Accor, Europe's top hotel chain, said he's hiring workers without experience or résumés. Sebastien Bazin said some Accor hotels were limiting restaurant hours because of staff shortages. Hospitality workers have been quitting their jobs over wages, benefits, and working conditions. It means some hotels have been forced to widen their candidate pools — with Accor, Europe's largest hotel chain, turning to workers without experience or even résumés. Some days, Accor hotels have been forced to stop serving lunch or even completely close their restaurants because they don't have enough staff, Bazin said.

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