Latest Hotels News

Endeavour Group posted a 1.3% rise in FY26 sales to $12.2 billion but underlying profit slipped as it flagged $372 million in significant asset write-downs and restructuring costs.

The Star Entertainment Group reported a significant improvement in quarterly EBITDA loss alongside stable revenue, completing key joint venture exit and refinancing milestones that boosted liquidity to $267 million.

SkyCity Entertainment Group has signed a non-binding heads of agreement to sell The Grand Hotel, aiming to boost financial flexibility through asset monetisation and debt repayment.

Coast Entertainment has unlocked a major milestone with Queensland Government approval for its Coomera landholding development, while reporting robust FY26 trading with double-digit growth in ticket sales and revenue.

International Equities Corporation Ltd (ASX:IEQ) posted a modest profit for the June 2026 quarter, reversing prior losses amid a challenging economic backdrop that forced the company to exit its hotel and tourism activities.

Gratifii Limited reports FY26 cash receipts slightly exceeding forecasts, driven by early demand for its new enterprise rewards marketplace, Gratifii Connect+, and a live wholesale Travel Platform.

CDL Investments New Zealand (NZX: CDI) has secured Fast-track referral approval for its Middle Road residential development in Havelock North, paving the way for up to 350 new homes and reinforcing its Hawke’s Bay growth pipeline.

Reef Casino Trust projects a 6.83 cents per unit distribution for the first half of 2026, reflecting steady profitability amid ongoing takeover bid conditions.

Elanor Investors Group has finalised a $125 million recapitalisation that slashes its cost of capital and reduces debt, setting the stage for a leaner, capital-light funds management model and imminent ASX reinstatement.

Endeavour Group unveils a refreshed strategy focusing on price leadership in retail, accelerated hotel portfolio investment, and a $300 million cost reduction program to drive long-term shareholder value.

Experience Co posted a slight decline in Q3 FY26 revenue and underlying EBITDA, weighed down by adverse weather, industrial action, and inflationary pressures, while advancing cost reductions and strategic reviews.

Millennium & Copthorne Hotels New Zealand (MCK) posted robust 2025 revenue gains driven by acquisitions and refurbishments, yet signals a cautious outlook for 2026 as geopolitical tensions and rising costs cloud the horizon.