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asianhospitality

Choice says Wyndham board not forthcoming about acquisition - 0 views

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    CHOICE HOTELS INTERNATIONAL is accusing the board of directors for Wyndham Hotels & Resorts of not being forthcoming with the company's shareholders regarding Choice's exchange offer to acquire Wyndham. In its counter to the Wyndham board's rejection of the offer, Choice took issue with Wyndham's concerns about getting regulatory approval for the deal and said Wyndham shareholders support the "industrial merits of a transaction." In its original proposal, made public in October, Choice said it sought to acquire all the outstanding shares of Wyndham at a price of $90 per share and shareholders would have received $49.50 in cash and 0.324 shares of Choice common stock for each Wyndham share they own. Choice claimed that is a 30 percent premium to Wyndham's 30-day volume-weighted average closing price ending on Oct. 16, an 11 percent premium to Wyndham's 52-week high, and a 30 percent premium to Wyndham's latest closing price. Wyndham's board unanimously rejected Choice's proposal, calling it unsolicited, "highly conditional" and not in the best interest of shareholders. On Nov. 14, however, Choice sent a letter to the Wyndham board with an "enhanced proposal" intended to address Wyndham's concerns about clearing federal regulations. On Dec. 12, Choice launched its public exchange offer to acquire Wyndham and on Dec. 19 the Wyndham board officially rejected the offer and urged shareholders not to tender shares for the deal.
asianhospitality

STR: U.S. hotels' GOPPAR in February highest since October 2022 - 0 views

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    GOPPAR FOR U.S. hotels in February exceeded the levels of the pre-pandemic comparable time period and was the highest since October 2022, according to STR's February 2023 Profit & Loss data. EBITDA was the only key bottom-line metric on a per-available-room basis to come in lower than February 2019, STR said in a statement. GOPPAR reached $77.37 for the month, up 1.6 percent over the same month in 2019, TRevPAR stood at $217.20, up 3.7 percent, and EBITDA PAR was $51.63, down 0.6 percent against February 2019. Labor costs were $73.70, a 2.9 percent increase. "The profit-and-loss metrics followed typical industry trends, improving from the prior month," said Raquel Ortiz, STR's director of financial performance. "Both GOPPAR and GOP margins were the highest since last fall, while profit margins came in just one percentage point below 2019. Profit margins for limited-service hotels are further behind in recovery than full service, likely due to increasing labor costs that bear heavier weight on the bottom line." "An increase in top-line group demand is beginning to show in the bottom line, as catering and banquet revenues are inching closer to 2019 levels and meeting space rentals and services charges surpassed that threshold. On a per-operating-room basis, nearly all F&B revenues outpaced the pre-pandemic comparables," Ortiz added. Of the major markets, 10 realized both GOPPAR and TRevPAR levels higher than the 2019 comparables, the statement said. "February was a slower month for markets that are more dependent on groups and conventions, such as Atlanta, San Francisco and Minneapolis," Ortiz further said. "Warmer markets have remained at the top, with Phoenix showing the highest TRevPAR recovery and second highest GOPPAR recovery for the month, helped by peak season and Super Bowl LVII."
john mary

Daily Diet Plan: Tips for Improving Your Health - 0 views

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    A healthy diet plan gives your body the nutrients it needs every day while staying within your daily calorie goal for weight loss. Healthy diet plans as the first thing that strikes you is starvation, keeping away from the foods you like etc. It's untrue.
cyclinglovelife

Burning More Fat With a Stationary Exercise Bike - 0 views

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    The stationary exercise bike is a very popular piece of fitness equipment because it can be very effective for burning off calories without subjecting your body to excessive impact, especially on your knee joints. That is one reason why using a stationary exercise bike may be more useful for some people than a treadmill, even if you generally burn off less fat from cycling.
travelstar

Best Lightweight Luggage for International Travel Reviews - Luggage World - 0 views

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    Travel light this summer and avoid airline baggage weight restrictions
Elisa Graceffo

Medical Tourism: Should You Travel For Your Healthcare? - 0 views

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    Medical care in the United States is expensive. Sometimes even with a good health insurance you can find yourself paying a pretty penny for medical procedures. What if you can get good medical care while enjoying travel abroad. Yes, medical tourism is a thing now and getting popular day by day. You won't believe to experience great medical facilities and luxurious stay sometimes better than the US. On the top of that getting medical care out of the states is much less expensive, it gives you opportunity to travel beautiful places, or just relax far away from your city. Check out all the other benefits of medical tourism, passport and visa requirements, top medical procedures to pick an international destination and other things you should know before you leave.
satgurutravel321

Tips to Make Your Beach Trip Successful! - 1 views

https://satgurutravel.com/ Trips to the beach destinations can be the most amazing decision in terms of enjoyment and relaxation. It would be a cherry on top if the locations like the Bahamas, The ...

travel management companies in Cameroon corporate business company

started by satgurutravel321 on 02 Jun 22 no follow-up yet
ride-on-electric

Electric Scooter Carry Straps - 0 views

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    Carrying an electric scooter using a handle or carrier straps makes it easy to transport the scooter. It provides comfort and eases that you usually don't get when casually carry the electric scooter without the straps. These carry straps are helpful for people of all ages. It depends on the electric scooter weight and type of carrier straps for the electric scooter that which kind of mount you can use with it. Some people may find shoulder mount more practical, while some seem comfortable with carrying handles.
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