trending Market Intelligence /marketintelligence/en/news-insights/trending/D6cznZSngz0v3wM0ssVIeA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Slower business travel, trade war sap Host Hotels business in major markets

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Slower business travel, trade war sap Host Hotels business in major markets

Business travel slowed in the second quarter amid concern over trade between the U.S. and China, draining hotels' revenues in major markets including New York and San Francisco, Host Hotels & Resorts Inc. executives said.

Host lowered its full-year 2019 constant-dollar guidance for revenue per available room to no growth or a decline of up to 1%. President and CEO Jim Risoleo noted that growth in full-year non-residential fixed investment, a key indicator for travel spending, has declined by 40 basis points since the first quarter, citing a global economic slowdown and uncertainty over trade negotiations.

"Overall, as we look to the second half of the year, and amid the growing uncertainty of a trade deal with China being concluded in the near term, we do not see any near-term catalyst to induce business transient demand," he said.

Group booking revenues across Host's portfolio fell by 4.7% for the quarter.

The company's New York properties, which were also hurt by renovations and high levels of new construction in the market, were among the weaker performers in Host's portfolio, posting a RevPAR decline of 9.8%. RevPAR fell by 11.2% in Seattle and by 10.6% at the company's Orlando World Center Marriott.

Risoleo noted that about 29,000 new hotel rooms were expected to come online in 2019, while a new competing 1,300-room hotel opened in downtown Seattle. Moreover, he said, both the New York and Seattle markets are driven by international inbound travel, and Host has seen a decline in international inbound travel, especially from Canada and Mexico.