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By Nishang Narayan
Published on April 29, 2024
Sun Estates Developers, a prominent hospitality developer in India, is gearing up to expand its presence in Goa with an investment plan totaling approximately Rs10 billion ($120 million), as reported by The Economic Times.
The ambitious expansion initiative entails the development of seven hotels and 500 branded all-suite service apartments in North Goa. Each hotel, strategically located within 800 to 900 meters from the beach, will offer a minimum of 75 to 80 keys and feature amenities such as outsourced restaurants, spas, and gyms. These properties will be operated by major hotel chains, enhancing the overall guest experience.
In addition to the hotels, Sun Estates Developers plans to introduce ten boutique mansions, each offering 20 to 25 keys with exclusive services like private swimming pools and jacuzzis. Moreover, the company aims to construct five-star luxury hotels with 300 keys, out of which 150 will provide stunning ocean views. These luxury hotels will boast facilities such as ballrooms and casinos, adding to the allure of the Goa tourism landscape.
To facilitate the land acquisition process for these ambitious projects, Sun Estates Developers is considering the creation of special purpose vehicles (SPVs), allowing investors to directly participate in the development process. The company anticipates that the new ventures will generate revenues of approximately Rs3 billion ($36 million) in their first year of operation.
Suraj Morajkar, Managing Director of Sun Estates Developers, expressed enthusiasm about the expansion plans, stating, “We are thrilled to unveil our extensive plans for hospitality expansion in Goa. With our track record of success and commitment to excellence, we are confident that these projects will set new benchmarks in luxury hospitality, further enhancing Goa’s appeal as a premier tourist destination.”
Morajkar further highlighted the company's dedication to securing strategic investments, emphasizing its commitment to fueling growth and innovation in the hospitality sector and realizing its ambitious vision for Goa's tourism landscape.
The expansion projects are expected to have a completion timeline of three to three and a half years, contributing significantly to Goa's tourism sector and economy.
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By Hariharan U
Published on October 27, 2025
Wyndham Hotels & Resorts reported its Q3 2025 financial results, showing steady growth across operations and financial metrics. Global system-wide rooms increased 4% year-on-year to 855,400, including 503,400 in the U.S. and 352,000 internationally, while the company awarded 204 new development contracts, up 24% from Q3 2024. The global development pipeline grew 4% to 257,000 rooms, with roughly 70% in midscale and above segments and 58% internationally.
Ancillary revenues rose 18% compared to the same period last year. Net income climbed 3% to $105 million, and adjusted net income reached $112 million, with diluted EPS increasing 5% to $1.36 and adjusted diluted EPS up 5% to $1.46. Adjusted EBITDA grew 2% to $213 million, while global RevPAR declined 5% in constant currency, mainly due to softer results in Asia Pacific and Latin America, partially offset by gains in EMEA and Canada.
Wyndham generated $86 million in net cash from operating activities and $97 million in free cash flow, ending the quarter with $70 million in cash and total liquidity of about $540 million, maintaining a net debt leverage ratio of 3.5x. In October 2025, the company refinanced its $750 million revolving credit facility, extending maturity to 2030, increasing capacity to $1 billion, and reducing borrowing costs by 35 basis points. Shareholder returns included the repurchase of 830,000 shares for $70 million in Q3 and year-to-date buybacks of 2.5 million shares for $223 million, alongside $31 million in dividends.
Looking ahead, Wyndham expects full-year global room growth of 4–4.6%, global RevPAR change of -3% to -2%, fee-related revenues of $1.43–$1.45 billion, adjusted EBITDA of $715–$725 million, adjusted net income of $347–$358 million, and adjusted diluted EPS of $4.48–$4.62, while maintaining a focus on portfolio expansion, strengthening its development pipeline, and delivering consistent shareholder value amid evolving industry conditions.
By Manu Vardhan Kannan
Published on October 26, 2025
Alaska Air Group reported strong financial results for the third quarter of 2025, posting a GAAP net income of $73 million and adjusted earnings per share of $1.05. The airline’s growth is being fueled by new nonstop routes from Seattle to London and Reykjavik, set to launch in May 2026, and the introduction of the Atmos Rewards loyalty program, which exceeded premium credit card sign-up expectations.
In a major technological upgrade, Alaska Air is installing Starlink high-speed Wi-Fi across its fleet, offering complimentary access to Atmos Rewards members. The company is also progressing with the integration of Hawaiian Airlines and advancing its Alaska Accelerate strategy, aiming for significant growth and profitability by 2027.
Analysts have assigned a Hold rating on ALK stock with a $49.00 price target, citing strong financial recovery but noting bearish technical indicators and increased leverage as potential risks. The airline continues to focus on expanding its global reach and enhancing customer loyalty through strategic partnerships and its Atmos Rewards program.
Published on September 14, 2025
Royal Caribbean Group (NYSE: RCL) has announced a significant increase in its shareholder returns, declaring a 33% hike in its quarterly dividend. The company’s Board of Directors approved a dividend of $1.00 per common share, payable on October 13, 2025, to shareholders of record at the close of business on September 25, 2025.
Jason Liberty, President and CEO of Royal Caribbean Group, said the move underscores the company’s confidence in its performance and long-term growth strategy. “Today’s dividend increase reflects both the strength of our performance and our commitment to return capital to shareholders. This increase in dividend, along with our ongoing share repurchase program, highlights our balanced approach to capital allocation, returning value to shareholders while funding future growth,” Liberty stated.
Royal Caribbean Group is a global leader in the vacation industry, operating a fleet of 68 ships across five brands that serve millions of guests annually. Its portfolio includes Royal Caribbean International, Celebrity Cruises, and Silversea, as well as land-based experiences such as Perfect Day at CocoCay and the Royal Beach Club collection. The company also holds a 50% joint venture in TUI Cruises, which manages brands like Mein Schiff and Hapag-Lloyd Cruises.
With a reputation for innovation and guest-focused experiences, Royal Caribbean Group continues to expand its global footprint while maintaining its commitment to responsible and sustainable growth.
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