MGM Resorts Q2 Earnings Highlights: Las Vegas Segment Booms, Business Travel Returns, Share Buyback Complete

Cindy Apt

Casino operator and sports betting company MGM Resorts International MGM reported second-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: MGM reported second-quarter revenue of $3.26 billion, up 43.6% year-over-year. The revenue total beat a Street consensus estimate of $3.04 billion, according to data […]

Business Travel Bounces Back, Confidence Rises Among Hoteliers

Cindy Apt

Large-scale corporate business travel still can’t compete with its performance in 2019. Business travel is finally making a comeback for the country’s largest hotel operators, and this resurgence, combined with increases in leisure travel, has these operators feeling confident enough to rapidly expand their portfolios through acquisitions and development. Leisure […]

Sonder Restructuring to Include Layoffs, Growth Limits

Cindy Apt

Short-term accommodation provider Sonder Holdings this week laid off 21 percent of its corporate employees and 7 percent of its front-line staff as part of a restructuring designed to increase its cash flow, the company announced Thursday. Sonder’s upcoming growth now will be driven primarily by opening units for which […]

Buy American Express Global Business Travel Stock. It’s the Best Way to Play the Comeback.

Cindy Apt

American Express Global Business Travel offers corporate clients an integrated travel-management platform. It is paid by clients for arranging travel services, and gets payments from travel providers. Stephanie Keith/Bloomberg Text size American Express Global Business Travel offers investors an attractive play on the continued revival in business travel. No. 1 […]

Global Business Travel Market to Reach $791.9 Billion by 2026

Cindy Apt

ReportLinker Abstract: What`s New for 2022? -Global competitiveness and key competitor percentage market shares. -Market presence across multiple geographies – Strong/Active/Niche/Trivial. New York, June 10, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Business Travel Industry” – https://www.reportlinker.com/p05899164/?utm_source=GNW -Online interactive peer-to-peer collaborative bespoke updates -Access to […]