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Hilton Hotel San Diego
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With almost 8,500 hotels around the world, Hilton is getting into cruises

The hospitality giant’s property portfolio has doubled in just over a decade.

Tom Jones

The hotel industry is coming down with a serious case of cabin fever, as Hilton Worldwide becomes the latest lodgings chain to announce a cruise offering, following the likes of Marriott and Four Seasons, per Bloomberg reporting.

Customers — presumably many of them Poirot fans — will be able to pick from 29 suites across five decks when booking on the Waldorf Astoria Nile River Experience, a Hilton press release says. The company told Bloomberg that the new experience was less about keeping up with the competition as much as revisiting its Egyptian “floating hotel” concept from the 1960s, while their head of luxury brands also outlined that it’s not part of a move into the cruise business more broadly.

Given how quickly Hilton’s land-based expansion has ticked up in recent years, that probably makes sense.

Hilton hotels chart
Sherwood News

While the company itself was founded by Conrad N. Hilton in 1919, the first hotel to bear the now iconic “Hilton” name wasn’t opened until six years later.

Now, a full century on, the business is still finding ways to grow its vast portfolio, which includes properties like Hilton Garden Inns and Hampton, its mid-range chain that has boomed to become the world’s largest lodging brand.

Last year, Hilton opened more than two hotels on average every single day.

Embracing a more acquisitive path to growth, the brand’s overall location tally (including owned and leased properties, franchises, and hotels that the parent company manages) hit 8,447 at the end of 2024 — more than double the tally from 2013, when Hilton Worldwide went public in the biggest hotel IPO in history. Those hotels house almost 1.27 million rooms and welcomed over 220 million guests last year.

In a sign that the water might be getting pretty warm in the cruise industry, Carnival, the biggest cruise operator in the world, jumped more than 8% this morning after posting record results for the second quarter and raising its outlook for the year.

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Netflix is down amid reports it’s leading the Warner Bros. bidding war as Paramount cries foul

Netflix’s charm offensive appears to be working.

Netflix is reportedly emerging as the leader in the bidding war for Warner Bros. Discovery after second-round bids this week, edging out entertainment juggernaut rivals Comcast and Paramount Skydance.

Investors don’t appear psyched by the streaming leader’s turn of fortune: the stock is down on Thursday morning, a day after closing down nearly 5% following reports that scooping up HBO Max wouldn’t necessarily result in a big market share boost.

Paramount, which has reportedly made five bids for Warner Bros. Discovery, doesn’t love the current state of play, either. The company sent WBD a letter questioning the “fairness and adequacy” of the process, highlighting reports that WBD’s board favors Netflix and is resisting Paramount.

Any offer would be subject to regulatory approval — a fact that may have weighed against Netflix’s offer given that cofounder Reed Hastings’ politics are vocally to the left, very much at odds with the current regulatory regime. Paramount seems confident in its ability to get approval, reportedly boosting its breakup fee to $5 billion should its potential acquisition fall apart in the regulatory process.

Investors don’t appear psyched by the streaming leader’s turn of fortune: the stock is down on Thursday morning, a day after closing down nearly 5% following reports that scooping up HBO Max wouldn’t necessarily result in a big market share boost.

Paramount, which has reportedly made five bids for Warner Bros. Discovery, doesn’t love the current state of play, either. The company sent WBD a letter questioning the “fairness and adequacy” of the process, highlighting reports that WBD’s board favors Netflix and is resisting Paramount.

Any offer would be subject to regulatory approval — a fact that may have weighed against Netflix’s offer given that cofounder Reed Hastings’ politics are vocally to the left, very much at odds with the current regulatory regime. Paramount seems confident in its ability to get approval, reportedly boosting its breakup fee to $5 billion should its potential acquisition fall apart in the regulatory process.

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Delta says the government shutdown will cost it $200 million in Q4

The 43-day government shutdown that ended last month will result in a $200 million ding for Delta Air Lines, the airline said in a filing on Wednesday.

That’s about $100,000 per shutdown-related canceled flight. (Delta previously said it canceled more than 2,000 flights due to FAA flight reductions.) When the company reports its fourth-quarter earnings, the shutdown will lop off about $0.25 per share.

Delta initially stayed calm about the shutdown, with CEO Ed Bastian stating in early October that the company was running smoothly and hadn’t seen any impacts at all. One historically long shutdown later, Delta wasn’t able to remain untouched.

The skies have since cleared, though, and Delta’s filing states that booking growth has “returned to initial expectations following a temporary softening in November.”

Delta’s shares were up over 2% as of Wednesday’s market open.

Delta initially stayed calm about the shutdown, with CEO Ed Bastian stating in early October that the company was running smoothly and hadn’t seen any impacts at all. One historically long shutdown later, Delta wasn’t able to remain untouched.

The skies have since cleared, though, and Delta’s filing states that booking growth has “returned to initial expectations following a temporary softening in November.”

Delta’s shares were up over 2% as of Wednesday’s market open.

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