Tag: travel

Marriott International forecasted on Wednesday that 3% to 6% growth in its annualized global revenue per available room for the two years ending 2025 as the hotel group expects the boom in international travel demand to continue. This comes after the company raised its annual profit...

Casino operator MGM Resorts International, along with several other hotels, has turned to package deals and experiences as a means of attracting the interest of travelers. This comes amid a post-pandemic global travel boom, during which tourists have drifted away from spending money on...

U.S. charter flight company Wheels Up is engaging with lenders over a debt restructuring agreement and other rescue options as it seeks to avoid bankruptcy. The private jet company is in talks with Bain Capital and MSD Capital after missing debt repayments, sources familiar...

JetBlue Airways Corp reduced its full-year profit forecast on Tuesday after its revenue-sharing deal with American Airlines came to an end. Shares in the airline plunged by 8% during premarket trading. With JetBlue in the process of acquiring Spirit Airlines, this low-cost airline and American...

Aero-engineer Rolls-Royce raised its full-year operating profit forecast by 45% on Wednesday after delivering a stronger-than-expected performance in the first half of 2023. Shares in the company surged 24% to 190 pence following the announcement—their highest level since the start of the pandemic in...

Industry sources revealed on Thursday that Airbus increased their deliveries by 6% in the first half of the year to reach 316 aircraft for the six months. The Netherlands-headquartered plane manufacturer delivered 72 planes in June, up from 63 in May. June's figure is...