United Kingdom
United States
Asia Pacific
Gamblers rescue Hilton results
Hilton Group has managed to report better than expected results – mainly because its Ladbrokes betting business offset the poor performance of its hotels division.
First half pre-tax profits for the group fell 15% to £110.5m in the period to the end of June.
But in the hotels division profits fell 42.6% to £56.1m due to the combined effects of the SARS virus, the Iraq conflict and continued economic uncertainty.
Chief executive David Michels said: “The complementary nature of Hilton and Ladbrokes, two of the world’s best known brands is part of the strength of Hilton Group.
“Like all businesses they move through cycles. A few years ago Hilton Hotels were performing better than Ladbrokes, today the opposite is true. Over the past six months the already frayed confidence of travellers was undermined further by the Iraq War and SARS. In these extreme circumstances the hotel sector takes the brunt of the pain.”
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’