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Travel Franchise Industry News & Announcements brings you the latest in Travel franchising news from around the web. As one of the most trusted news sources for the Travel franchise industry, streams hundreds of the latest news directly to your desktop.

Starwood Reports Second Quarter 2015 Results »

July 30, 2015 at 8:36AM PDT | Source: Starwood Hotels & Resorts

STAMFORD, Conn. - July 30, 2015 - (BUSINESS WIRE) - Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today reported second quarter 2015 financial results.
Second Quarter 2015 Highlights

Excluding special items, EPS from continuing operations was $0.84. Including special items, EPS from continuing operations was $0.79.
Adjusted EBITDA was $311 million.
Excluding special items, income from continuing operations was $143 million. Including special items, income from continuing operations was $136 million.
Worldwide Systemwide REVPAR for Same-Store Hotels increased 4.1% in constant dollars (decreased 0.7% in actual dollars) compared to 2014. Systemwide REVPAR for Same-Store Hotels in North America increased 5...

La Quinta Holdings Inc. Reports Results For Second Quarter 2015 »

July 30, 2015 at 5:42AM PDT | Source: La Quinta Inn

- Generated Pro Forma Adjusted Earnings per Share of $0.19
- Achieved Pro Forma Total Adjusted EBITDA growth of 5.5 percent to $111.8 million
- Repaid $74 million of long-term debt, including a $70 million voluntary prepayment
- $200 million share repurchase program announced
IRVING, Texas, July 29, 2015 /PRNewswire/ -- La Quinta Holdings Inc. ("La Quinta" or the "Company") (NYSE: LQ) today reported its second quarter results on a historical basis, as well as the results of operations on a pro forma basis, giving effect to La Quinta's initial public offering (IPO) in 2014 and the related transactions as described below.
Second Quarter 2015 Highlights compared to Second Quarter 2014:

Pro Forma Total Adjusted EBITDA increased 5...

Hyatt Place Los Cabos Reopens In Baja California Sur In Mexico »

July 29, 2015 at 10:54AM PDT | Source: Hyatt Place

CHICAGO - July 29, 2015 - (BUSINESS WIRE) - Today, Hyatt Place Los Cabos in Baja California Sur, Mexico reopens in Los Cabos after suffering extensive damage following last year’s passage of Hurricane Odile. The hotel underwent a $7.6 million reconstruction, including a redesigned lobby and new terrace with unobstructed views of the ocean. Hyatt Place Los Cabos is owned by a joint venture between affiliates of Hyatt Hotels Corporation (NYSE: H) and Grupo Hermosillo.
“Hyatt Place Los Cabos was one of the most visual representations of Hurricane Odile’s aftermath, and today, we proudly reopen our doors to guests,” said Myles McGourty, senior vice president, Hyatt Latin America and Caribbean. “This opening is symbolic as it represents the beginning of a new chapter for the Hyatt Place Los Cabos team, which is looking forward to welcoming guests for many years to come...

Choice Hotels International Reports A 7% Increase In Second Quarter Domestic RevPAR »

July 29, 2015 at 7:48AM PDT | Source: Choice Hotels

New Executed Domestic Franchise Agreements Increase 11%
ROCKVILLE, Md. - July 29, 2015 /PRNewswire/ - Choice Hotels International, Inc. (NYSE: CHH) today reported the following highlights for the second quarter 2015:

Revenues for the three months ended June 30, 2015 totaled $232.2 million, an increase of 17 percent from the same period of 2014.
Domestic hotel executed franchise agreements totaled 139 for the three months ended June 30, 2015, an increase of 11 percent from the same period of 2014.
New domestic hotel franchise agreements executed in the second quarter of 2015 for the Comfort family of brands increased 67 percent over the same period of the prior year with nearly 60 percent of agreements representing new construction hotels...

Hilton Worldwide Reports Second Quarter Results »

July 29, 2015 at 7:14AM PDT | Source: Hilton Worldwide

Exceeding High End of Guidance for Adjusted EBITDA and EPS, Announces Quarterly Dividend and Raises Full Year Outlook
MCLEAN, Va. - July 29, 2015 - (BUSINESS WIRE) - Hilton Worldwide Holdings Inc. ("Hilton," "Hilton Worldwide" or the "Company") (NYSE: HLT) today reported its second quarter 2015 results and raised its full year 2015 outlook. Highlights include:

EPS, adjusted for special items, for the second quarter was $0.25, a 19 percent increase from the same period in 2014; without adjustments, EPS was $0.16
Net income attributable to Hilton stockholders for the second quarter was $161 million
Adjusted EBITDA for the second quarter increased 15 percent from the same period in 2014 to $777 million, and Adjusted EBITDA margin increased 320 basis points
System-wide comparable RevPAR increased 5...

Geek Squad Founder Robert Stephens Named Keynote Speaker Of CruiseOne® 2015 National Conference »

July 28, 2015 at 10:23AM PDT | Source: CruiseOne

More than 30 workshops will complement his presentation and conference theme of “Connect”
July 28, 2015 // // Fort Lauderdale, Fla. – CruiseOne®, which is part of World Travel Holdings - the world's largest cruise agency and award-winning leisure travel company, has announced that Robert Stephens, the founder of Geek Squad, will be the keynote speaker at its 2015 National Conference which takes place the week of November 14, 2015 aboard the brand new Norwegian Escape.
“Technology and travel are two industries that have many similarities because they are constantly growing and evolving. I am thrilled to illustrate these parallels and use my small business success story as a way to inspire CruiseOne franchisees in their entrepreneurial journey,” said Robert Stephens, founder of Geek Squad...

Wyndham Worldwide Reports Second Quarter 2015 Earnings »

July 28, 2015 at 5:49AM PDT | Source: Wyndham Worldwide

Second Quarter Adjusted Diluted EPS up 13% Year-Over-Year; Increases Full-Year EPS Guidance
PARSIPPANY, N.J. - July 28, 2015 /PRNewswire/ - Wyndham Worldwide Corporation (NYSE:WYN) today announced results for the three months ended June 30, 2015.
Second Quarter Highlights:

Second quarter adjusted diluted earnings per share (EPS) was $1.32, an increase of 13% from adjusted diluted EPS of $1.17 in the second quarter of 2014. Reported diluted EPS was $1.33 in the second quarter of 2015, an increase of 11% from reported diluted EPS of $1.20 from the same period in 2014.
Revenues increased 4% compared with the second quarter of 2014. In constant currency, revenues increased 8%.
Adjusted EBITDA increased 2% compared with the second quarter of 2014...

Sheraton Hotels & Resorts Indulges In Unexpected Culinary Combinations With New “Paired” Bar Menu »

July 28, 2015 at 5:14AM PDT | Source: Sheraton Hotels

Peanut Butter and Port, Cantonese-style Wings and Riesling: Sheraton “Paired” Combines Unique and Surprising Flavors in New Lobby Bar Offering for Guests and Locals around the Globe
STAMFORD, Conn. - July 28, 2015 - (BUSINESS WIRE) - Sheraton® Hotels & Resorts, part of Starwood Hotels & Resorts (NYSE:HOT), is reinvigorating its lobby bar experience with imaginative menu additions through Paired, a new food and beverage program comprised of artisanal small plates and eclectic bar snacks served alongside suggested premium wines and local craft beers. From a Banana Bread Peanut Butter Sandwich paired with Tawny Port to La Quercia Smoked Prosciutto with Scottish ale, Paired stretches the boundaries of traditional pairing principles by blending ingredients together in new and unexpected ways for guests...

Carlson Rezidor Hotel Group Introduces Radisson Blu In Latin America With Three Hotels »

July 27, 2015 at 7:08AM PDT | Source: Radisson Blu®

July 27, 2015 // // Orlando - Carlson Rezidor Hotel Group, one of the world’s largest and most dynamic hotel groups, today announced at the Global Business Travel Association (GBTA) Convention in Orlando, Fla., the expansion of Radisson Blu® in Latin America with three hotels Radisson Blu Santiago, La Dehesa in Chile as well as Radisson Blu San Andrés Resort & Spa and Radisson Blu ar Santa Marta Resort & Spa in Colombia.
“Radisson Blu has a global presence with over 280 hotels in operation throughout the world and we see great potential for the brand in Latin America,” said Javier Rosenberg, chief operating officer, Americas, Carlson Rezidor Hotel Group. “Carlson Rezidor already has a strong footprint with over 50 hotels in operation and under development in Latin America and a leading position in Brazil and Chile and now in Colombia with the addition of these hotels...

Choice Hotels Announces Expansion Of Cambria Hotels & Suites In Orlando, FL. »

July 27, 2015 at 6:25AM PDT | Source: Cambria Suites

ROCKVILLE, Md. - July 27, 2015 /PRNewswire/ - Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, announced it has signed an agreement with franchise partner Nevada Coal and Grain LLC led by Matthew Gillio and Don Fuller, to develop a new Cambria hotel & suites in Orlando, FL. The 140 room Cambria property will be located at the intersection of International Dr. and Central Florida Parkway and is expected to open in 2017. This world class location is within walking distance from three SeaWorld parks, and will provide close proximity to all the Orlando area parks and leisure attractions. The hotel will also be one mile from the Orange County Convention Center.
"We continue to experience strong momentum in bringing the Cambria hotels & suites experience to new business and leisure travelers, and we're excited to announce our new hotel in Orlando," said Michael Murphy, senior vice president, Upscale Brands, Choice Hotels International...

Hilton Worldwide Expands Its Chicagoland Presence With Opening Of Embassy Suites By Hilton Chicago-Naperville »

July 27, 2015 at 5:33AM PDT | Source: Embassy Suites by Hilton

Upscale Full-service hotel features the largest convention space ever built in Naperville.
NAPERVILLE, Ill. and MCLEAN, Va. – July 27, 2015 – Embassy Suites by Hilton, Hilton Worldwide’s global brand of upscale, all-suite hotels, announced today the opening of its newest property, Embassy Suites by Hilton Chicago-Naperville. The first newly-built hotel in Naperville in more than eight years, this 168 all-suite hotel offers guests an excellent central location. Conveniently located close to many key businesses, corporations and outdoor venues, this hotel is within walking distance to 10 restaurants and a variety of shops. Embassy Suites by Hilton Chicago-Naperville was developed by Superhost Enterprise, and will be managed by Kana Hotel Group...

Hyatt Place Dubai/Baniyas Square Now Open »

July 24, 2015 at 4:10AM PDT | Source: Hyatt Place

The select service brand further expands in Dubai with second Hyatt Place hotel opening.
July 24, 2015 // // CHICAGO - Hyatt Place Dubai/Baniyas Square is officially open, marking the second Hyatt Place hotel in the Middle East, joining Hyatt Place Dubai/Al Rigga, and the sixth Hyatt-branded hotel in Dubai.
Hyatt Place Dubai/Baniyas Square is located in Nasser Square, Dubai’s historic district, and just 12 minutes from Dubai International Airport. The new hotel is adjacent to the Dubai Metro and bus stops, and offers close proximity to Dubai’s many tourist attractions, including the Dubai Museum and Dubai Creek, as well as many of Dubai’s open-air markets. Guests can enjoy the hotel’s free shuttle service to Dubai’s leading shopping malls and the beautiful Mamzar Beach Park...

IHG Signs Landmark Sixth InterContinental® Hotel In France »

July 23, 2015 at 11:39AM PDT | Source: InterContinental Hotels Group

InterContinental® Bordeaux - Le Grand Hotel
July 23, 2015 // // InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, today announces the signing of InterContinental® Bordeaux - Le Grand Hotel, France. The hotel will operate under a management agreement with Financière Immobilière Bordelaise.
Opening later this year, the hotel will be IHG’s sixth InterContinental® Hotels & Resorts property in France, cementing its position as the largest luxury hotel brand in Europe. InterContinental Bordeaux - Le Grand will join InterContinental® Paris - Le Grand, InterContinental® Paris - Avenue Marceau, InterContinental® Marseille - Hotel Dieu, InterContinental® Carlton Cannes, and most recently InterContinental® Lyon - Hotel Dieu...

IHG Announces New Holiday Inn Express® Hotel In Vaudreuil-Dorion, Quebec »

July 23, 2015 at 10:15AM PDT | Source: Holiday Inn Express

New hotel opens following $13 million CAD investment by ownership.
July 23, 2015 // // TORONTO – InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, today announces the opening of the new-build 134-room Holiday Inn Express® and Suites Vaudreuil-Dorion hotel in Quebec. This hotel is the first Holiday Inn Express hotel in the city and joins other IHG properties in the Greater Montreal area including: the Holiday Inn Express & Suites Montreal Airport hotel, the Holiday Inn® Laval hotel and a recently-announced new-build Holiday Inn hotel expected to open in downtown Montreal in 2017. The hotel, located near businesses such as Kraft Canada and Ericsson and attractions including the Zig Zag Zoo and Mont Rigaud, is expected to become a top choice for business and leisure travellers in the Vaudreuil-Dorion area...

St. Regis Hotels & Resorts Bolsters Footprint In Greater China With The Signing Of The St. Regis Qingdao »

July 23, 2015 at 5:29AM PDT | Source: St. Regis Hotels & Resorts

Scheduled to Open in January 2020, The St. Regis Qingdao Will Set a New Standard for Modern Luxury, Bespoke Service and Refined Elegance in the Region
QINGDAO, CHINA - July 23, 2015 - (BUSINESS WIRE) - St. Regis Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), today announced the signing of an agreement with Qingdao Conson Haitian Centre Co., Ltd., a subsidiary of Qingdao Conson Development (Group) Co., Ltd., to debut the St. Regis brand in Qingdao, one of China’s most prominent and fast-growing coastal cities. Scheduled for completion early in 2020, The St. Regis Qingdao will be located in the city’s exclusive business district.
“We are very excited about the signing of The St...

Holiday Inn® Hotel Opens In Natal, Brazil »

July 22, 2015 at 8:06AM PDT | Source: Holiday Inn

IHG continues growth in Brazil with the opening of the country’s eighth Holiday Inn hotel
July 22, 2015 // // MIAMI – InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, announces the opening of the Holiday Inn® Natal hotel. The new build, 216-room property is located in the northeastern city of Natal, the capital and largest city of the State of Rio Grande do Norte in Brazil. The hotel is conveniently situated in the heart of the Lagoa Nova district, an area home to popular restaurants and bars as well as multiple shopping centers and two universities: the Rio Grande do Norte Federal University and Universidade Potiguar.
The Holiday Inn brand opened the doors of its first hotel more than 60 years ago and since then, has been making travel more enjoyable for generations of travelers all over the world...

Curio – A Collection By Hilton Celebrates Brand’s First Latin American Hotel With Opening Of Anselmo Buenos Aires »

July 22, 2015 at 7:34AM PDT | Source: Hilton Worldwide

Hilton Worldwide Opens Historic Boutique Luxury Hotel in Buenos Aires
July 22, 2015 // // BUENOS AIRES, Argentina and McLEAN, Va. – Offering the perfect blend of modern luxury and storied history, Anselmo Buenos Aires today joined Curio – A Collection by Hilton. As Hilton Worldwide’s (NYSE: HLT) rapidly-expanding global collection of distinctive hotels, Curio caters to passionate travelers seeking local discovery and authentic experiences. Located in Buenos Aires’ historic neighborhood of San Telmo, Anselmo Buenos Aires is set amid Plaza Dorrego Square, one of the oldest public spaces in the city known for its diverse array of cafés, bars, shops and antique stores.
“Originally built as a stunning mansion in 1906, Anselmo Buenos Aires pays tribute to a community rich in history that dates back to the 18th century, and provides guests with the perfect launching pad for a truly intriguing cultural experience,” said Dianna Vaughan, global head, Curio – A Collection by Hilton...

Home2 Suites By Hilton Opens First Hotel In Seattle »

July 22, 2015 at 6:57AM PDT | Source: Home2 Suites by Hilton

Airport Hotel Offers Guests Comforts of Home While on the Road
July 22, 2015 // // SEATTLE and MCLEAN, Va. - Home2 Suites by Hilton, Hilton Worldwide's (NYSE: HLT) award-winning mid-tier, all-suite hotel brand designed for modern business travelers and extended stay guests, announced today the opening of Home2 Suites by Hilton Seattle Airport. Owned by Tukwila Hotel Ownership, LLC, the new property will bring 139 suites to the Seattle market.
"The hotel's connection to the Seattle Airport offers travelers the convenient location they seek with the added benefits of an extended stay brand like Home2 Suites," said Bill Duncan, global head, Homewood Suites and Home2 Suites by Hilton. "Guests can make the most of their stay by taking advantage of amenities like the Home2 MKT for grab-and-go items and the Spin2 Cycle, a combined laundry and fitness area...

Hotel Indigo® Opens In Historic City Of York »

July 20, 2015 at 9:13AM PDT | Source: Hotel Indigo

July 20, 2015 // // InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, today brings its boutique, Hotel Indigo®, to the historic city of York. Operating under a franchise agreement with Sojourn Hotels, Hotel Indigo® York opens its doors on Walmgate, a thriving foodie destination and the birthplace of York’s chocolate making empire.
The intimate 101 room hotel is perfectly situated within prime reach of some of the city’s most outstanding restaurants and bars, boutiques, artisan shops, famous tea-rooms, museums and galleries. From the building design to the hotel’s artwork and locally-inspired menus, every Hotel Indigo property is unique and takes influences from its surrounding neighbourhood...

The Luxury Collection® Hotels & Resorts Grows Footprint In China With A Landmark Debut In Nanjing »

July 20, 2015 at 7:20AM PDT | Source: Luxury Collection Hotels & Resorts

The Grand Mansion, A Luxury Collection Hotel, Nanjing is Unveiled in China’s Intriguing Ancient City
NANJING, China - July 20, 2015 - (BUSINESS WIRE) - The Luxury Collection® Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT), today announced the opening of The Grand Mansion, a Luxury Collection Hotel, Nanjing, in the capital of China’s Jiangsu province. Marking the brand’s seventh hotel in China, The Grand Mansion furthers the global expansion of The Luxury Collection, which will surpass 100 hotels globally by the end of this year. In China, The Grand Mansion joins a distinguished portfolio that includes The Azure Qiantang in Hangzhou, The Castle Hotel in Dalian, Twelve at Hengshan and The Hongta Hotel in Shanghai, The Royal Begonia in Sanya and the legendary Astor Hotel in Tianjin...

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