Today's Hotel Financial News http://www.hotelnewsresource.com Today's Hotel Financial News from Hotel News Resource en-us Hotel News Resource http://www.nevistas.com/nev_logo.gif http://www.hotelnewsresource.com support@nevistas.com Scandic Predicts Lower Earnings for the Fourth Quarter https://www.hotelnewsresource.com/article98074Scandic_Predicts_Lower_Earnings_for_the_Fourth_Quarter.html https://www.hotelnewsresource.com/article98074Scandic_Predicts_Lower_Earnings_for_the_Fourth_Quarter.html Deviation attributable to decreased earnings in the company’s Swedish operations and non-recurring costs for central functions Tue, 16 Jan 2018 11:04:56 EST Baird/STR Stock Index Up 3.3% in December - Ends Year Up 32.0% https://www.hotelnewsresource.com/article97970U_S__Hotel_Stocks_Up______in_December___End_Year_Up______.html https://www.hotelnewsresource.com/article97970U_S__Hotel_Stocks_Up______in_December___End_Year_Up______.html The Baird/STR Hotel Stock Index increased 3.3% in December, closing the month at 4,888. For total-year 2017, the index was up 32.0%. Tue, 9 Jan 2018 08:39:22 EST Baird/STR Stock Index Up 5.0Percent for November 2017 https://www.hotelnewsresource.com/article97669U_S__Hotel_Stocks_Up_____Percent_for_November_____.html https://www.hotelnewsresource.com/article97669U_S__Hotel_Stocks_Up_____Percent_for_November_____.html The Baird/STR Hotel Stock Index increased 5.0% in November, closing the month at 4,732. Year to date through the first 11 months of 2017, the index was up 27.8%. Fri, 8 Dec 2017 11:37:15 EST Food Cost and the 80/20 Rule - By David Lund https://www.hotelnewsresource.com/article97314Food_Cost_and_the_______Rule___By_David_Lund.html https://www.hotelnewsresource.com/article97314Food_Cost_and_the_______Rule___By_David_Lund.html We have all heard of the 80/20 rule. But I am willing to bet most of you have not heard it in conjunction with the words 'food cost.' A good friend of mine who was an executive chef explained it to me and I am going to share it with you. Tue, 14 Nov 2017 11:19:03 EST American Hotel Income Properties REIT LP Reports Third Quarter Results https://www.hotelnewsresource.com/article97258American_Hotel_Income_Properties_REIT_LP_Reports_Third_Quarter_Results.html https://www.hotelnewsresource.com/article97258American_Hotel_Income_Properties_REIT_LP_Reports_Third_Quarter_Results.html Third quarter revenue more than doubles from same quarter last year - Third quarter FFO increases 93.0%; AFFO increases 87.6% Thu, 9 Nov 2017 15:25:35 EST Meliá Hotels International Reports 23.3 Percent YTD Profit Increase https://www.hotelnewsresource.com/article97238Meli_______Hotels_International_Reports______Percent_YTD_Profit_Increase.html https://www.hotelnewsresource.com/article97238Meli_______Hotels_International_Reports______Percent_YTD_Profit_Increase.html Meliá Hotels International generated €1,458.2 million in revenue up to September, five per cent more than in the same period in 2016. Net Profit increased by 23.3 per cent over the same period in the previous year, with an improvement in EBITDA of 7.8 per cent excluding capital gains. Thu, 9 Nov 2017 12:58:33 EST RLJ Lodging Trust Reports Third Quarter 2017 Results https://www.hotelnewsresource.com/article97229RLJ_Lodging_Trust_Reports_Third_Quarter______Results.html https://www.hotelnewsresource.com/article97229RLJ_Lodging_Trust_Reports_Third_Quarter______Results.html Pro forma RevPAR decreased 1.9%; adjusting for the disruption from Hurricanes Harvey and Irma, RevPAR would have decreased 1.1% Thu, 9 Nov 2017 12:05:13 EST Baird/STR Stock Index Up 4.3 Percent for October 2017 https://www.hotelnewsresource.com/article97205U_S__Hotel_Stocks_Up_____Percent_for_October_____.html https://www.hotelnewsresource.com/article97205U_S__Hotel_Stocks_Up_____Percent_for_October_____.html The Baird/STR Hotel Stock Index increased 4.3% in October, closing the month at 4,505. Year to date through the first 10 months of 2017, the index was up 21.7%. Wed, 8 Nov 2017 10:25:29 EST Marriott International Reports Third Quarter 2017 Results https://www.hotelnewsresource.com/article97203Marriott_International_Reports_Third_Quarter______Results.html https://www.hotelnewsresource.com/article97203Marriott_International_Reports_Third_Quarter______Results.html Third quarter reported diluted EPS totaled $1.04, a 300 percent increase over prior year results. Third quarter adjusted diluted EPS totaled $1.10, a 26 percent increase over third quarter 2016 combined results. Adjusted 2017 third quarter results exclude merger-related adjustments. Wed, 8 Nov 2017 10:03:44 EST DiamondRock Hospitality Company Reports Third Quarter 2017 Results https://www.hotelnewsresource.com/article97192DiamondRock_Hospitality_Company_Reports_Third_Quarter______Results.html https://www.hotelnewsresource.com/article97192DiamondRock_Hospitality_Company_Reports_Third_Quarter______Results.html Hotel Adjusted EBITDA margin was 31.70%, a decrease of 115 basis points from the comparable period of 2016. Comparable hotel operating expenses increased approximately 1.6% from 2016. Tue, 7 Nov 2017 12:42:49 EST Condor Hospitality Trust Reports 2017 Third Quarter Results https://www.hotelnewsresource.com/article97182Condor_Hospitality_Trust_Reports______Third_Quarter_Results.html https://www.hotelnewsresource.com/article97182Condor_Hospitality_Trust_Reports______Third_Quarter_Results.html Reports Revenue Growth of 15.1% over Prior Year Tue, 7 Nov 2017 11:25:02 EST Apple Hospitality REIT Reports Results of Operations for Third Quarter 2017 https://www.hotelnewsresource.com/article97180Apple_Hospitality_REIT_Reports_Results_of_Operations_for_Third_Quarter_____.html https://www.hotelnewsresource.com/article97180Apple_Hospitality_REIT_Reports_Results_of_Operations_for_Third_Quarter_____.html Net Income YTD Up 79.2 Percent Tue, 7 Nov 2017 11:11:40 EST Belmond Ltd. Reports Third Quarter 2017 Results https://www.hotelnewsresource.com/article97177Belmond_Ltd__Reports_Third_Quarter______Results.html https://www.hotelnewsresource.com/article97177Belmond_Ltd__Reports_Third_Quarter______Results.html Revenue for the third quarter of 2017 was $183.0 million, a $0.7 million decrease from revenue for the third quarter of 2016. In constant currency, revenue for the third quarter of 2017 decreased $3.8 million or 2% from the third quarter of 2016. Tue, 7 Nov 2017 10:43:40 EST Choice Hotels International Reports Flat Net Income for Third Quarter https://www.hotelnewsresource.com/article97162Choice_Hotels_International_Reports_Flat_Net_Income_for_Third_Quarter.html https://www.hotelnewsresource.com/article97162Choice_Hotels_International_Reports_Flat_Net_Income_for_Third_Quarter.html Choice Hotels International, Inc. (NYSE: CHH) today reported its results for the three months ended September 30, 2017. Net income for the 2017 third quarter was $47.6 million, or $0.84 per diluted share, compared to $47.6 million or $0.84 per diluted share for the 2016 third quarter. Mon, 6 Nov 2017 10:27:51 EST RLH Corporation Reports Third Quarter 2017 Results https://www.hotelnewsresource.com/article97141RLH_Corporation_Reports_Third_Quarter______Results.html https://www.hotelnewsresource.com/article97141RLH_Corporation_Reports_Third_Quarter______Results.html Achieved system-wide RevPAR growth of 1.6% - Company operated hotels achieved RevPAR growth of 3.2% Fri, 3 Nov 2017 12:55:10 EST Park Hotels & Resorts Inc. Reports Third Quarter 2017 Results https://www.hotelnewsresource.com/article97138Park_Hotels___Resorts_Inc__Reports_Third_Quarter______Results.html https://www.hotelnewsresource.com/article97138Park_Hotels___Resorts_Inc__Reports_Third_Quarter______Results.html Comparable RevPAR was $166.66, a decrease of 0.1% on a Pro-forma basis from the same period in 2016; excluding impact from hurricanes, Comparable RevPAR remained flat from the same period in 2016 Fri, 3 Nov 2017 12:25:10 EST Ashford Prime Reports Third Quarter 2017 Results https://www.hotelnewsresource.com/article97124Ashford_Prime_Reports_Third_Quarter______Results.html https://www.hotelnewsresource.com/article97124Ashford_Prime_Reports_Third_Quarter______Results.html Comparable RevPAR for all Hotels Not Under Renovation decreased 2.9% - Announced Further Progress on Non-Core Hotels Strategy Thu, 2 Nov 2017 14:36:50 EST Chesapeake Lodging Trust Reports RevPAR and Adjusted Hotel EBITDA Margin Declines for Third Quarter https://www.hotelnewsresource.com/article97115Chesapeake_Lodging_Trust_Reports_RevPAR_and_Adjusted_Hotel_EBITDA_Margin_Declines_for_Third_Quarter.html https://www.hotelnewsresource.com/article97115Chesapeake_Lodging_Trust_Reports_RevPAR_and_Adjusted_Hotel_EBITDA_Margin_Declines_for_Third_Quarter.html RevPAR: 3.4% decrease for the 22-hotel portfolio and 3.4% decrease for the 15-hotel portfolio over the same period in 2016. Adjusted Hotel EBITDA Margin: 100 basis point decrease to 33.6% for the 22-hotel portfolio and 90 basis point decrease to 35.8% for the 15-hotel portfolio over the same period in 2016. Thu, 2 Nov 2017 11:10:27 EST Hyatt Reports Third Quarter 2017 Results https://www.hotelnewsresource.com/article97113Hyatt_Reports_Third_Quarter______Results.html https://www.hotelnewsresource.com/article97113Hyatt_Reports_Third_Quarter______Results.html Raises Midpoint of Full-Year Outlook for RevPAR and Adjusted EBITDA - Announces Three-Year Plan to Sell $1.5 Billion of Real Estate Holdings Thu, 2 Nov 2017 11:03:18 EST Summit Hotel Properties Reports Third Quarter 2017 Results https://www.hotelnewsresource.com/article97083Summit_Hotel_Properties_Reports_Third_Quarter______Results.html https://www.hotelnewsresource.com/article97083Summit_Hotel_Properties_Reports_Third_Quarter______Results.html Net Income of $18.2 million; Adjusted FFO climbs 13.6 percent to $36.7 million, $0.35 per share; Pro Forma RevPAR increases 1.2 percent Tue, 31 Oct 2017 16:57:32 EST