Hilton earnings: Hilton released its Q4 2014 earnings, reporting a 6.6% increase in system-wide RevPAR for the fourth quarter and 7.1% for the full year. Full year 2015 RevPAR is expected between increase 5% and 7%.
Hyatt earnings: Hyatt released its Q4 2014 earnings, reporting a net income of US$182 million, or US$1.20 per share, compared to a net income of US$32 million, or US0.20 per share, during Q4 2013. System-wide RevPAR increased 3.1% in the fourth quarter of 2014 compared to the fourth quarter of 2013.
Accor earnings: Accor reports revenue is up 3.8% to €5,454 million (US$6.2 million) in 2014. Consolidated net debt totaled €159 million (US$1.24 million) by the end of 2014, reduction of €67 (US$76.37) million year-on-year.
Riviera may be demolished: The Las Vegas tourism authority is considering purchasing the Riviera Hotel & Casino so that it can be demolished to make room for more convention space. The Las Vegas Convention and Visitors Authority board of directos will meet on February 20 to discuss acquiring the Riviera for US$182.5 million.
Read more at the Las Vegas Sun
SVO coming to Hawaii: Starwood Vacation Ownership has announced the development of The Westin Nanea Ocean Villias in Hawaii. The property will feature 390 villas and is scheduled to open in 2017.