Hotel owners tend balance sheets: the week in travel releases

Balance sheets dominated the week. Sunstone Hotel Investors says third quarter RevPAR rose 11.4% and raised its full year 2026 outlook, while reporting $117.8 million of stock repurchases in the quarter. Braemar Hotels & Resorts replaced a loan on the Ritz-Carlton Lake Tahoe due in January 2027 with a $60.0 million loan at a lower spread, and AMTD Digital moved controlling interests in four hotels into its subsidiary The Generation Essentials Group in a share-based deal valued at US$209,766,000.

Theme parks pulled in different directions. United Parks & Resorts says third quarter attendance fell 4.7%, though per capita revenue and pass sales rose. VidantaWorld presented its BON park in Mexico at WTM London 2026, citing an investment of approximately USD 1.5 billion. Elsewhere, Marriott International opened its 800th property in Asia Pacific excluding China, and IHG's Holiday Inn Express and CLEAR announced consumer marketing tie-ins.