Revenue Management

💰 MGM Resorts reported Q2 2026 financials: Consolidated revenue rose 1% to $4.5 billion, with net income at $292 million (up from $49 million). Las Vegas Strip Resorts generated $2.2 billion (up 3%), and Regional Operations saw $924 million (down 4%) in revenue. MGM China revenue remained flat at $1.1 billion. MGM Digital grew 20% to $196 million. MGM Osaka to open in 2030. Diluted EPS was $1.11, a rise from $0.18.

⚽ Kansas City, MO, experienced the largest increase in Average Daily Rate (ADR) during the FIFA World Cup match days in US host markets. While ADR saw significant changes, occupancy rates fell short because corporate groups either held events elsewhere or rescheduled them for after the World Cup. This decline in corporate bookings was not completely compensated by leisure fans visiting the host cities on game days.

💼 "Who?" Global Business Travel Association and ALTOUR. "When?" 2026-2027. "Where?" Alexandria, Va. "What?" Business travel prices are expected to stay high until 2026, moderating in 2027. Airfares rise 4.7% in 2026; economy fares up 8.7%, premium 9.5%. Hotel rates increase 3.7% in 2026, 1.8% in 2027. Ground transportation rates rise 3.6% in 2026. Meetings and events costs rise 3% in 2026. "How?" Energy prices, labor costs, aircraft supply constraints drive price increases.

🏨 Aimbridge Hospitality EMEA's revenue rose by 4.7% with a 4.8% RevPAR increase in the first half of 2026, surpassing market benchmarks. They focused on maintaining room rates over occupancy and reduced payroll costs by 0.7 percentage points. Strategic energy pre-purchasing and data-driven insights helped counter economic challenges. Daniel Kemp and Will Bishop emphasized adaptability and corporate travel growth as key strategies in a volatile market, demonstrating resilience and effective cost management.

🏨 U.S. hotel performance in June 2026 showed significant year-over-year growth, driven by the World Cup. San Francisco/San Mateo recorded the highest occupancy increase (+7.9% to 80.5%) and RevPAR growth (+31.2% to $212.87), with ADR rising by 21.7% to $264.42. Miami saw the highest ADR jump (+23.2% to $218.37). CoStar’s global hotel sample includes 95,000 properties and 12.2 million rooms. CoStar Group, founded in 1986, is headquartered in Arlington, Virginia.

🍳 Food and drink prices increased by 1.8% in June, according to the latest Foodservice Price Index from NIQ and Prestige Purchasing. This rise comes after a decrease in May, highlighting ongoing procurement challenges. Structural supply issues and unpredictable weather are affecting costs, despite recent drops in global energy prices.

💸 Wyndham Hotels & Resorts reported a 2% U.S. RevPAR increase in Q2 2026. System-wide rooms grew by 4%, excluding Revo Hospitality. The development pipeline reached 261,000 rooms, with a 30% FeePAR premium. Net income rose 17% to $102 million, and adjusted EBITDA increased 9% to $212 million. $91 million was generated in operating cash, with $86 million returned to shareholders. Wyndham operates approximately 9,200 hotels in over 95 countries with 110 million loyalty members.

📈 Parsippany, New Jersey, Q2 2026: Wyndham Hotels & Resorts reports a 2% U.S. RevPAR growth, with system-wide room growth at 4%, excluding Revo Hospitality Group. Net income rose 17% to $102 million, and adjusted EBITDA increased 9% to $212 million. The development pipeline reached 261,000 rooms. Global RevPAR decreased by 1%, with international decline due to geopolitical and regional issues. The company returned $86 million to shareholders through buybacks and $0.43 dividends per share.

📈 Canada’s hotel industry faced its first decline in monthly occupancy since December 2025 as of June 2026. In Nova Scotia, ADR increased by 15.7% to CAD270.46 and RevPAR by 20.2% to CAD228.22, driven by the Canada Sail Grand Prix. Newfoundland and Labrador saw a 4.6% boost in occupancy (86.4%) due to the Iceberg Festival. Vancouver had a 21.3% ADR increase (CAD406.34), while Montreal had a 6.9% rise in occupancy (78.5%) but a 16% drop in ADR (CAD257.89). Toronto's RevPAR grew by 10.4% (CAD247.18) amidst World Cup matches.

📈 Costs in the U.S. hotels rise by 4% annually while GOP margins decline. With 10 hotels, diverse commission structures and marketing budgets create inconsistencies, hiding true acquisition costs per channel. Groups identifying and solving this issue focus on per-channel visibility, revealing unprofitable channels and adjusting strategies accordingly. Three recommended steps: calculate acquisition costs for one hotel manually, compare channel contribution with RevPAR, make data-driven channel decisions. CEOs can improve margins by optimizing existing demand.