✈ Marriott's and Hilton's Big Wins, United's Newest Lounge & More Daily News From TPG ✈

Also: Airbnb's new transparent pricing [The Points Guy]( WHAT YOU NEED TO KNOW TODAY Nov 7, 2022 SPONSORED BY [TPG] IT’S A GOOD TIME TO OWN A HOTEL. TO BE A GUEST? NOT SO MUCH Hello, TPG readers, and a happy Monday to each of you. It’s the start of a new week and a winding down of hotel earnings season. That faint sound of giggling and high-fives isn’t just in your head: In recent weeks, the chief executives of all major hotel companies appeared positively giddy about how much people are willing to pay for a hotel room. Marriott and Hyatt were the latest to report earnings late last week. [Marriott was the profitable giant]( with a $630 million profit, while Hyatt posted a $28 million profit (Hyatt owns more of its hotels, so that usually keeps its profits lower than its more asset-light peers like Marriott and Hilton). These numbers follow news that [Hilton nabbed a $346 million profit]( late last month. If your travel wallet is feeling lighter than usual, it may be because more of your hard-earned cash is going to hotel companies. Marriott noted its global room rates averaged 10% higher between July and September compared to the same time in 2019, with rates for the U.S. and Canada 15% higher. Don’t expect much of a reprieve, either. Hilton CEO Chris Nassetta noted in the company’s earnings call in late October that there likely won’t be many discounts in coming months due to business travel and group demand coming back to life, even in the face of a possible recession. To catch up on the latest hotel news, read: - [Last-minute strategies for earning Hilton Honors elite status]( - [Accor launches Fairmont luxury experiences in North America — and you can pay with points]( - [1st look at 1 of the most exciting hotel openings in years: Atlantis The Royal Dubai]( That’s all from me for today. I’ll catch y’all tomorrow! Image by Hilton. Cameron Sperance, Senior Hotels Reporter Posts in this newsletter contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, [visit this page](#). FROM OUR PARTNER SPONSORED BY [TPG] Financial stress is the last thing you want while on vacation. Learn how YNAB’s Four Rules help you manage expenses and make the most of every dollar on your next trip. Enjoy vacations to the fullest with freedom in spending and peace of mind. [Learn more]( TODAY'S TOP STORIES [Airbnb plans to be honest about pricing, but cleaning fees aren't going away]( You still might be on the hook for a $300 cleaning fee. [Read more]( [Can a loyalty program have too many elite members?]( Is an elite program still "elite" if everyone has status? TPG weighs in. [Read more]( [United Airlines just unveiled its new grab-and-go lounge. Here’s what we thought ...]( There's a full-scale lounge race underway at Denver International Airport. [Read more]( [6 lesser-known Chase Sapphire Reserve perks]( The Chase Sapphire Reserve is widely considered one of the best travel credit cards available to U.S. consumers. [Read more]( [Let the 'Celebration' begin: Cruise giant Carnival's biggest ship ever debuts]( It's time for Carnival Cruise Line fans to celebrate the newest (and largest) arrival to the Carnival family. 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