Travel & Hospitality · Week of Nov 2, 2026
Q3 earnings and a casino strike settlement: the week in travel
Third-quarter results from Xenia and Airbnb, a strike settlement at Encore Boston Harbor and an AMTD hotel asset transfer led a mixed week.
Third-quarter reporting continued in lodging. Xenia Hotels & Resorts says Same-Property RevPAR rose 12.5% and it raised full-year 2026 guidance after third quarter and October performance came in above its prior expectations. Airbnb posted its third quarter 2026 shareholder letter on its investor relations site. Hotel ownership also shifted on the deal side. Xenia sold the Kimpton RiverPlace Hotel in Portland in July, and AMTD Digital moved controlling interests in four hotels into its subsidiary The Generation Essentials Group in an all-share transaction valued at US$209,766,000.
Gaming produced the week's main labor news. The International Brotherhood of Teamsters says more than 1,300 workers at Encore Boston Harbor ratified a new contract after a 62-day strike, and the union links the walkout to a roughly 22 percent drop in the casino's September gross gaming revenue. Brightstar Lottery says it renewed a responsible gaming accreditation for its iLottery operations. Smaller items included a rooftop restaurant repositioning at Hotel La Jolla and a Forbes Travel Guide recognition for a Dallas residential community.
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, compared with $13.7 million a year earlier, as Adjusted EBITDAre rose 26.0% to $53.2 million and Same-Property RevPAR increased 12.5% to $184.75. The company raised full year 2026 guidance to Adjusted EBITDAre of $278 million to $284 million and Adjusted FFO per diluted share of $2.08 to $2.14, citing third quarter and October performance above its prior expectations.
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% equity interest with veto power in hotel operations of the Ritz-Carlton, Perth, to The Generation Essentials Group (TGE) on November 2, 2026. TGE paid the aggregate purchase price of US$209,766,000 by issuing 198,630,381 new Class A ordinary shares, after which AMTD Digital holds 88.2% of TGE and AMTD IDEA Group beneficially owns 95.6%.
International Brotherhood of Teamsters
CASINO TEAMSTERS WIN STRIKE AT ENCORE BOSTON HARBOR
The International Brotherhood of Teamsters says more than 1,300 workers at Encore Boston Harbor, represented by Teamsters Local 25 and UNITE HERE Local 26, ratified a five-and-a-half-year collective bargaining agreement after 62 days on strike, and are returning to work. The union says the contract includes wage increases, enhanced benefits and improved working conditions, and that the casino's September 2026 gross gaming revenue fell approximately 22 percent year-over-year to $46.06 million as a result of the strike.
Aries La Jolla
A New Spark for San Diego's Coastal Jewel: Aries Ushers in a New Social Era for La Jolla
Aries La Jolla says Aries, an 11th-floor rooftop restaurant and lounge replacing the existing rooftop restaurant at Hotel La Jolla, part of Hilton's Curio Collection, will debut November 11, 2026, backed by an investment exceeding $1 million. According to the release, the space, which historically catered to overnight guests, is being repositioned as a destination for locals and visitors, with a Pan-Pacific menu and a private dining and event space for up to approximately 100 guests.
Brightstar Lottery PLC
Brightstar Lottery Receives iCAP Ready Accreditation from National Council on Problem Gambling
Brightstar Lottery PLC says it has again received iCAP Ready accreditation from the National Council on Problem Gambling. The company says the renewed accreditation recognizes its responsible gaming standards in iLottery operations.
FirstService Residential
Residences at the Stoneleigh Celebrates Forbes Travel Guide VERIFIED™ Luxury Residences Recognition
FirstService Residential says Residences at the Stoneleigh in Dallas has received Forbes Travel Guide VERIFIED Luxury Residences recognition. Residents, board members and the FirstService Residential management team gathered at the property to mark the recognition.
Airbnb, Inc.
Airbnb Announces Third Quarter 2026 Results
Airbnb, Inc. posted a shareholder letter containing its third quarter 2026 financial results on its Investor Relations website on Nov. 5, 2026. The company says it will host an audio webcast to discuss the results.
TravelingWiki Foundation
TravelingWiki BodWiki & LocateMoreFriends Expands to Top 10 US MSAs as CEO Jonathan Sutter Lauded for 40 Year Legacy of Service Incl During Times of Personal Strain
The TravelingWiki Foundation says its BodWiki.com and LocateMoreFriends.com sites have launched in the top 10 US metropolitan statistical areas, including listings for YMCAs, JCCs, Best Buddies chapters and Big Brothers Big Sisters chapters. The release also highlights praise for CEO Jonathan Sutter's record of service.
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 Times Beats reporting.