Travel & Hospitality · Week of Nov 2, 2026
Hotel REITs raise guidance as Q3 results roll in: travel week
Q3 earnings dominated, with hotel REITs Xenia and Sunstone raising guidance, while Braemar and AMTD reshuffled hotel assets.
Third quarter results made up much of the week's news. Hotel REITs Xenia Hotels & Resorts and Sunstone Hotel Investors both reported double-digit RevPAR gains and raised full year 2026 guidance, with Xenia citing Same-Property RevPAR up 12.5% and Sunstone reporting RevPAR up 11.4%. Allegiant Travel Company posted its first full quarter including Sun Country Airlines, with revenue up 71.1 percent, while United Parks & Resorts reported attendance down 4.7% but higher per capita spending and pass sales.
Hotel asset transactions formed a second thread. Braemar Hotels & Resorts closed the $372 million sale of the Four Seasons Resort Scottsdale ahead of a planned shift to self-management, Xenia noted its July sale of a Portland Kimpton, and AMTD Digital moved four hotel assets into its subsidiary TGE in an all-share deal. On the marketing side, IHG's Holiday Inn Express and Palm Tree Crew, with e.l.f. Brands, announced branded guest experiences.
Xenia Hotels & Resorts, Inc.
Xenia Hotels & Resorts Reports Third Quarter 2026 Results
Xenia Hotels & Resorts reported a third quarter 2026 net loss attributable to common stockholders of $2.7 million, narrower than $13.7 million a year earlier, as Adjusted EBITDAre rose 26.0% to $53.2 million and Same-Property RevPAR increased 12.5% to $184.75. The company raised full year 2026 guidance to Adjusted EBITDAre of $278 million to $284 million, citing third quarter and October performance above prior expectations.
Allegiant Travel Company
ALLEGIANT TRAVEL COMPANY THIRD QUARTER 2026 FINANCIAL RESULTS
Allegiant Travel Company reported third quarter 2026 total operating revenue of $961.6 million, up 71.1 percent, and a net loss of $15.2 million, or $(0.56) per share, in the first full quarter including Sun Country, acquired May 13, 2026. The company guided to fourth quarter adjusted EPS of $1.00 to $1.50, kept full-year adjusted EPS guidance of greater than $6.00, and says it exercised six Boeing 737-8 options, bringing firm orders to 56.
United Parks and Resorts Inc.
United Parks & Resorts Inc. Reports Third Quarter and First Nine Months 2026 Results
United Parks & Resorts said third quarter 2026 revenue fell 1.1% to $506.5 million and net income fell 10.5% to $80.0 million as attendance declined 4.7% to 6.5 million guests, which it attributes mainly to weather, calendar impacts, lower international visitation and fewer promotional admissions. The company says revenue per capita rose 3.8% to $78.29, and CEO Marc Swanson said the 2027 pass product base was up over 15% as of October 31.
Sunstone Hotel Investors, Inc.
SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR THIRD QUARTER 2026
Sunstone Hotel Investors reported third quarter 2026 net income attributable to common stockholders of $38.7 million, compared with a net loss of $2.9 million a year earlier, with RevPAR up 11.4% to $235.22. The company raised full year Adjusted FFO per diluted share guidance to $1.00 to $1.03 and RevPAR growth guidance to 9.5% to 10.5%, and says it repurchased $117.8 million of stock in the quarter.
IHG Hotels & Resorts
Holiday Inn Express by IHG Taps Brooke Averick and Connor Wood for "Unpacking" Campaign, Bringing Analog Connection Back to the Breakfast Table
IHG's Holiday Inn Express launched an "Unpacking" campaign with podcast creators Brooke Averick and Connor Wood and a limited-edition Morning Debrief card game with 30 prompts at select US properties. The company cites a Talker Research survey of 1,000 Gen Z and 1,000 millennial adults in which 55% say the post-event recap is more exciting than the night itself.
Braemar Hotels & Resorts Inc.
BRAEMAR HOTELS & RESORTS ANNOUNCES CLOSING ON SALE OF FOUR SEASONS RESORT SCOTTSDALE
Braemar Hotels & Resorts closed the sale of the 210-room Four Seasons Resort Scottsdale for $372 million, or $1.8 million per key, which it says represents a 5.8% capitalization rate including anticipated capital expenditures. The company expects proceeds to help fund remaining fees owed to its external advisor and says it remains on track to become a self-managed REIT in mid-November.
Palm Tree Crew
The Palm Tree Club & Hotel Miami is Turning into Hote.l.f
Palm Tree Crew and e.l.f. Brands will turn The Palm Tree Club & Hotel Miami into "Hote.l.f." from Dec. 2–6, 2026, during Art Basel Miami, with beauty, music and entertainment programming. Palm Tree Crew CEO Michael Diaz said it is the company's first partnership with a beauty brand.
AMTD IDEA Group; AMTD Digital Inc.; The Generation Essentials Group
AMTD IDEA, AMTD Digital and TGE Jointly Announce the Injection of Four Premium Hotel Assets into TGE
AMTD Digital transferred controlling interests in four hotel assets, including the AMTD IDEA Tribeca Hotel and a 50% interest in the Ritz-Carlton, Perth hotel operations, to its subsidiary TGE for US$209,766,000, paid with 198,630,381 new TGE Class A shares, completed November 2, 2026. After the transactions, AMTD Digital holds 88.2% of TGE's issued share capital and AMTD IDEA Group beneficially owns 95.6%.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Sunny Wave Media reporting.