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The Travel Card’s Next Act: From Earning Points to Erasing Friction
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  • 5 min

Capital One Travel Looks Beyond Points as Survey Finds Over 70% of Travelers Seek Events or Live Experiences

✈ Capital One Travel, launched in 2021, is expanding beyond bookings with personalized trip support and destination experiences. At Skift Global Forum in New York, head Sarah Moore said a company survey found more than 70% of travelers consider events or live experiences. Offerings include a cardholder-exclusive culinary trip with José Andrés in Asturias, Spain. A dedicated app launched within the past year supports the company’s goal of helping cardholders throughout their journeys.
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  • 1 min

Choice Hotels’ Budget Brands Post 3.5% RevPAR Growth Versus 2.5% Industry Benchmark; Upscale Brands Lag

🏨 Choice Hotels’ U.S. revenue per available room rose 3.8% in the third quarter, beating Wall Street forecasts by roughly 1.5 percentage points. Budget brands grew 3.5%, outperforming the industry’s approximately 2.5%, according to Truist Securities citing CoStar data. Higher-priced brands still lagged. CEO Dominic Dragisich said on Monday’s earnings call that Choice had narrowed its performance gap with industry averages and reported October RevPAR growth of about 7%.
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Marriott’s Third-Quarter Gross Fees Rise 14% to $1.52 Billion as Owners Seek Larger Loyalty Income Share

🏨 Marriott’s third-quarter gross fees jumped 14% to $1.52 billion, while net income rose 17% to $790 million. Worldwide revenue per available room climbed 6.5%, beating August’s 3.5%–4% forecast; limited-service hotels gained over 6%, their third consecutive quarterly increase. CFO Jen Mason said co-branded credit card fees should grow in the high-30% range for the full year. Some hotel owners are seeking a larger share of loyalty income, particularly card fees.
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  • 2 min

Aman signs MoU with PCG and GDL-Raven for Gelephu Mindfulness City after over 20 years in Bhutan

🏨 Aman Group, Patience Capital Group and GDL-Raven signed an MoU to pursue a partnership for Gelephu Mindfulness City, a Special Administrative Region in southern Bhutan. The king-envisioned economic hub spans finance, green energy, wellness, education, agriculture and cultural heritage. The partners aim to attract long-term real estate investment while respecting nature and culture. Aman, Bhutan’s first international hotel brand over 20 years ago, contributes hospitality expertise; PCG brings fund management and real estate experience.
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