Travel & Hospitality · Week of Nov 2, 2026
Hotel earnings, refinancings and asset moves: the week in travel
Q3 earnings from Xenia and Allegiant, a Braemar refinancing and an AMTD hotel transfer led a week of balance-sheet news, plus openings and a CEO change.
Financial results and capital moves dominated the week. Xenia Hotels & Resorts says Same-Property RevPAR rose 12.5% in the third quarter and raised its full-year 2026 guidance, while Allegiant Travel Company reported its first full quarter including Sun Country Airlines, with operating revenue up 71.1 percent. On the balance-sheet side, Braemar Hotels & Resorts refinanced the Ritz-Carlton Lake Tahoe and pushed its next hard debt maturity to December 2028, and AMTD Digital moved four hotel assets into its subsidiary The Generation Essentials Group in an all-share deal valued at US$209,766,000.
Elsewhere, Marriott International opened its 800th property in Asia Pacific excluding China, its first in Laos. ASUR reported October passenger traffic down 0.9%, with Mexico and Cancun declines offsetting gains in Puerto Rico and Colombia. HBX Group named co-founder Carlos Muñoz chief executive, and dog boarding company The Wags Club announced its first Dallas location.
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, with Adjusted EBITDAre up 26.0% to $53.2 million and Same-Property RevPAR up 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 a third quarter 2026 net loss of $15.2 million, or $(0.56) per share, on total operating revenue of $961.6 million, up 71.1 percent, in the first full quarter including Sun Country Airlines. 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.
Marriott International, Inc.
Marriott International Celebrates 800th Property in Asia Pacific excluding China with the Opening of La Résidence Phou Vao, a Luxury Collection Resort & Spa, Luang Prabang
Marriott International opened La Résidence Phou Vao, a Luxury Collection Resort & Spa, Luang Prabang, a 36-suite resort that is its 800th property in Asia Pacific excluding China and its first in Laos. The company says the existing hilltop property kept its original architecture and pool while interiors, dining and guest services were reworked to brand standards.
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 completed the transfer of controlling interests in four hotel assets, including the AMTD IDEA Tribeca Hotel and a 50% interest in the Ritz-Carlton, Perth hotel operations, to The Generation Essentials Group for US$209,766,000 paid in 198,630,381 new TGE Class A shares. After the transactions, AMTD Digital holds 88.2% of TGE and AMTD IDEA Group beneficially owns 95.6%.
Grupo Aeroportuario del Sureste, S.A.B. de C.V.
ASUR Announces Total Passenger Traffic for October 2026
ASUR reported October 2026 total passenger traffic of 9,282,453, down 0.9% from October 2025, with Mexico down 5.4% and Cancun total traffic down 7.7%. Gains of 4.8% in Puerto Rico and 2.8% in Colombia partly offset declines, and year-to-date traffic was down 0.7%.
Braemar Hotels & Resorts Inc.
BRAEMAR HOTELS & RESORTS ANNOUNCES REFINANCING OF THE RITZ-CARLTON LAKE TAHOE
Braemar Hotels & Resorts refinanced the 170-room Ritz-Carlton Lake Tahoe with a new $60.0 million loan at SOFR + 2.65%, replacing a $43.4 million loan at SOFR + 3.25% that was due in January 2027. The company says an additional $15.0 million may be drawn subject to conditions and its next hard debt maturity is December 2028.
The Wags Club - Dallas
Dallas Dogs Get the Red-Carpet Treatment as Luxury Dog Resort The Wags Club Opens Nov. 14
The Wags Club, a Los Angeles dog daycare and boarding company founded in 2011, opens its first Dallas location near Love Field on Nov. 14, 2026, with 100 private overnight suites. The company says daycare will be free Nov. 14–20 for eligible dogs and it will offer special rates for foster dogs through local rescue partnerships.
HBX Group
HBX GROUP APPOINTS CARLOS MUÑOZ AS CHIEF EXECUTIVE OFFICER
HBX Group International plc appointed co-founder Carlos Muñoz as Chief Executive Officer effective 1 December 2026, following a Board-led search after Nicolas Huss retired on 30 September 2026. Muñoz, who has more than 26 years in travel, moves from Non-Executive to Executive Director, ending Brendan Brennan's interim tenure as CEO alongside his CFO role.
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 BuzzCabin reporting.