Vail Resorts’ industry-shaking agreement in late July to acquire the 17-mountain portfolio of Missouri-based Peak Resorts is being viewed by analysts as an effort to elevate the company&rsquo…
Allegiant Air wins naming rights for Las Vegas stadium
Allegiant Air has secured naming rights for the football stadium under construction in Las Vegas, which will be home to the Las Vegas Raiders NFL franchise beginning in 2020.Located across Intersta…
Sargassum, oversupply blamed for downturn at Mexican hotels
Mexico’s hospitality sector appears to have hit a stumbling block. According to recent data from STR, the country’s hotel industry experienced a significant downturn in the second quart…
Hyatt reports decline in group business
Hyatt was weighed down by sluggish U.S. group business in its second quarter, with total U.S. revenue per available room (RevPAR) declining 0.3%.“Overall group production for the quarter was …
Lufthansa sees profits fall as competition drives down fares
Lufthansa has reported net profits fell to €226 million in the second quarter, a year-on-year drop of 70 per cent, which was partly due to a €200-million tax provision.However, the outloo…
United buys stake in Clear
United Mileage Plus members are now eligible for discounted memberships with Clear, whose biometric security clearance machines provide expedited TSA clearance at 31 U.S. airports.Under an agreemen…
Air Canada reports record revenue despite Max grounding
Air Canada’s second-quarter passenger revenue hit a quarterly record of $4.34 billion Canadian, up 10.7% year over year, despite cancellations and a capacity decline due to the grounding of B…
Royal Caribbean raises earnings forecast for 2019
Royal Caribbean Cruises Ltd. (RCCL) raised the midpoint of its forecast for 2019 earnings by $31 million after reporting higher second-quarter net income.The company said it earned $472.8 million i…
Marriott to no longer operate Frenchman’s Reef Resort in St. Thomas
When the Frenchman’s Reef Resort on St. Thomas reopens in 2020, Marriott won’t be the resort operator. Property owner DiamondRock Hospitality Co. has tapped Aimbridge Hospitality to man…
Disney to debut gondola shuttle system in Orlando
Walt Disney World Resort’s Skyliner, a gondola system connecting several of its theme parks and hotels in Orlando, will open Sept. 29.The Skyliner will transport guests between the Hollywood …