Originally Posted by
Dr. HFH
...Do you have any data/evidence to support your assertion that revenue is declining?
Um yeah, as a matter of fact, I do. Note first, that I wrote slowing revenue -- as in a decline in growth, not "declining revenue," which you misattribute to me. From the earnings release:
Third quarter 2019 comparable systemwide constant dollar RevPAR rose 1.5 percent worldwide, 1.9 percent outside North America and 1.3 percent in North America;
So, as others have pointed out, they're not keeping pace with inflation, particularly in the U.S. where I live. But more importantly, their revenue is not keeping up with costs:
Third quarter reported net income totaled $387 million, a 23 percent decrease from prior year results. Third quarter adjusted net income totaled $488 million, an 18 percent decrease from prior year adjusted results;
Originally Posted by
Dr. HFH
That's what I thought.
You thought wrong -- or perhaps you weren't thinking.