Author: Maanya Sachdeva

IHG Hotels & Resorts, one of the world’s leading hotel companies, has signed a management agreement with JADEER GROUP for Hotel Indigo Cairo New Administrative Capital, further expanding the company’s Luxury & Lifestyle portfolio in Egypt. The 140-key hotel will be located within a mixed-use development in the New Capital in the east of Cairo and is scheduled to open in 2033.Read More

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Travel + Leisure (NYSE:TNL – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $1.83 EPS for the quarter, hitting the consensus estimate of $1.83. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. Travel + Leisure’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $1.72 earnings per share.Read More

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