{"id":394,"date":"2026-11-03T08:55:36","date_gmt":"2026-11-02T23:55:36","guid":{"rendered":"https:\/\/www.arphile.net\/?p=394"},"modified":"2026-11-03T08:56:09","modified_gmt":"2026-11-02T23:56:09","slug":"261103-%eb%a9%94%eb%a6%ac%ec%96%b4%ed%8a%b8-q3-%ec%96%b4%eb%8b%9d%ec%bd%9c-%ec%a0%95%eb%a6%ac","status":"publish","type":"post","link":"https:\/\/www.arphile.net\/?p=394","title":{"rendered":"[261103] \uba54\ub9ac\uc5b4\ud2b8 Q3 \uc5b4\ub2dd\ucf5c \uc815\ub9ac"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote is-style-plain is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\uc6d0\ub798\ub294 \uc5ec\ud589\ud14c\ub9c8\uc8fc\uac19\uc740\uacbd\uc6b0 \ubd84\uc11d \uc798 \uc548\ud558\ub294\ub370, \ucd5c\uadfc \uc0ac\ub78c\ub4e4 \uc8fc\uba38\ub2c8 \uc0ac\uc815\uc774 \uad81\uae08\ud574\uc11c \ud55c\ubc88 \ubd84\uc11d\ud574\ubd24\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc8fc\uba38\ub2c8 \uc0ac\uc815\uc774 \uc88b\uc73c\uba74 \uc5ec\ud589\uc744 \ub9ce\uc774 \uac00\ub2c8\uae4c\uc694 \ud83d\ude0f<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">1. \ud575\uc2ec \uc774\uc288: RevPAR \uc0c1\ud68c, \uc5f0\uac04 \uac00\uc774\ub358\uc2a4 \uc0c1\ud5a5<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\uae00\ub85c\ubc8c RevPAR(\ud310\ub9e4 \uac00\ub2a5 \uac1d\uc2e4\ub2f9 \ub9e4\ucd9c) <strong>+6.5%<\/strong>, \ucd5c\uadfc 12\uac1c\uc6d4 \uc21c\uac1d\uc2e4 \uc218 <strong>+4.6%<\/strong>\ub85c \ud68c\uc0ac \uc804\ub9dd\uc744 \uc6c3\ub3ce<\/li>\n\n\n\n<li>\uc870\uc815 \ud76c\uc11d EPS <strong>$3.02 (+22%)<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\ud56d\ubaa9<\/th><th>\uae08\uc561<\/th><\/tr><\/thead><tbody><tr><td>\ucd1d \uc218\uc218\ub8cc \ub9e4\ucd9c<\/td><td><strong>$15.2\uc5b5 (+14%)<\/strong><\/td><\/tr><tr><td>\uc778\uc13c\ud2f0\ube0c \uad00\ub9ac \uc218\uc218\ub8cc(IMF)<\/td><td><strong>$1.81\uc5b5 (+22%)<\/strong><\/td><\/tr><tr><td>\uc870\uc815 EBITDA<\/td><td><strong>$15.1\uc5b5 (+12%)<\/strong><\/td><\/tr><tr><td>\uc77c\ubc18\uad00\ub9ac\ube44(G&amp;A)<\/td><td>+2%\uc5d0 \uadf8\uce68 (\ube44\uc6a9 \ud1b5\uc81c, \uc18c\uc1a1\ube44 \uac10\uc18c)<\/td><\/tr><tr><td>\ubcf4\uc720\u00b7\uc784\ucc28 \ub4f1 \uae30\ud0c0 \uc21c\uc218\uc775<\/td><td>$0.41\uc5b5 (\uc804\ub144 $0.70\uc5b5)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">2. CEO \ubc1c\ud45c<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\uc218\uc694\ub294 \uace0\uac1d\uad70\uacfc \ud638\ud154 \ub4f1\uae09 \uc804\ubc18\uc5d0\uc11c \uace0\ub974\uac8c \uac15\ud568<\/strong>. \ub808\uc800\uc640 \ub2e8\uccb4 \uc218\uc694\uac00 \uc804 \uc138\uacc4\uc801\uc73c\ub85c \uc99d\uac00<\/li>\n\n\n\n<li>\ube44\uc988\ub2c8\uc2a4 \ucd9c\uc7a5 RevPAR: \uae00\ub85c\ubc8c +4%, \ubbf8\uad6d\u00b7\uce90\ub098\ub2e4 +5%<\/li>\n\n\n\n<li><strong>\ud30c\uc774\ud504\ub77c\uc778 63.4\ub9cc \uc2e4 \uc774\uc0c1\uc73c\ub85c \uc5c5\uacc4 \ucd5c\ub300<\/strong>. 9\uac1c\uc6d4 \ub204\uc801 \uae00\ub85c\ubc8c \uc720\uae30\uc801 \uacc4\uc57d \uac74\uc218 \uc0ac\uc0c1 \ucd5c\ub300<\/li>\n\n\n\n<li><strong>\uc804\ud658(\ub2e4\ub978 \ube0c\ub79c\ub4dc \ud638\ud154\uc744 \uba54\ub9ac\uc5b4\ud2b8\ub85c \ubc14\uafd4 \ub2e4\ub294 \uac83)<\/strong>\uc774 \uacc4\uc57d\uc758 \uc57d 1\/3, \uc2e0\uaddc \uac1c\uc7a5\uc758 \uc57d 40%\ub97c \ucc28\uc9c0\ud568<\/li>\n\n\n\n<li><strong>\ud638\ud154 \uc624\ub108 \uc218\uc775\uc131 \uac1c\uc120\ucc45<\/strong>\n<ul class=\"wp-block-list\">\n<li>\ub85c\uc5f4\ud2f0 \ud504\ub85c\uadf8\ub7a8 \uc815\uc0b0 \ube44\uc728 \uc778\ud558, \uc131\uc218\uae30 \ud3ec\uc778\ud2b8 \uc219\ubc15 \ubcf4\uc0c1 \uac15\ud654<\/li>\n\n\n\n<li>\ub9ac\ub178\ubca0\uc774\uc158 \ubc94\uc704\ub97c \uc720\uc5f0\ud558\uac8c \ud558\uace0 \ube0c\ub79c\ub4dc \uae30\uc900\uc744 \uac04\uc18c\ud654<\/li>\n\n\n\n<li>\ubbf8\uad6d\u00b7\uce90\ub098\ub2e4\uc5d0 \uace0\uac1d \ucd94\ucc9c \uc758\ud5a5(ITR) \uc778\uc13c\ud2f0\ube0c \ub3c4\uc785<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>AI<\/strong>\n<ul class=\"wp-block-list\">\n<li>Ask Bonvoy\ub97c \uc6b4\uc601\ud558\uace0 Google\u00b7OpenAI\uc640 \uc5f0\ub3d9\ud574 AI \uac80\uc0c9\u00b7\uc608\uc57d \uae30\ub2a5\uc744 \uac15\ud654<\/li>\n\n\n\n<li>\uc571\uc5d0 \ubb34\ub8cc \uc5c5\uadf8\ub808\uc774\ub4dc \ub300\uae30\uba85\ub2e8 \ubca0\ud0c0 \uae30\ub2a5\uc744 \ub123\uc74c<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Marriott Bonvoy \ud68c\uc6d0 <strong>\uc57d 3.09\uc5b5 \uba85<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">3. \uc2e4\uc801 \uc138\ubd80 (\uc9c0\uc5ed\ubcc4 RevPAR)<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\uc9c0\uc5ed<\/th><th>RevPAR YoY<\/th><th>\ube44\uace0<\/th><\/tr><\/thead><tbody><tr><td>\uae00\ub85c\ubc8c<\/td><td><strong>+6.5%<\/strong><\/td><td><\/td><\/tr><tr><td>\ubbf8\uad6d\u00b7\uce90\ub098\ub2e4<\/td><td><strong>+7.4%<\/strong><\/td><td>\uc6d4\ub4dc\ucef5 \uc218\uc694, \uc6d4\ub4dc\ucef5 \uac1c\ucd5c\uc9c0 \uc678 \uc2dc\uc7a5\ub3c4 \uacac\uc870<\/td><\/tr><tr><td>\ud574\uc678 \uc804\uccb4<\/td><td>+4% \uc774\uc0c1<\/td><td><\/td><\/tr><tr><td>\ub7ed\uc154\ub9ac<\/td><td><strong>+12%<\/strong><\/td><td>\ub4f1\uae09 \uc911 \uac00\uc7a5 \uac15\ud568<\/td><\/tr><tr><td>\uc720\ub7fd<\/td><td>+6% \uc774\uc0c1<\/td><td>\uc11c\uc720\ub7fd\u00b7\ub0a8\uc720\ub7fd \ub808\uc800 \uc218\uc694<\/td><\/tr><tr><td>EMEA<\/td><td>+4% \uc774\uc0c1<\/td><td><\/td><\/tr><tr><td>\uce74\ub9ac\ube0c\ud574\u00b7\uc911\ub0a8\ubbf8<\/td><td>+3% \uc774\uc0c1<\/td><td><\/td><\/tr><tr><td>\uc911\ud654\uad8c<\/td><td>\ubcf4\ud569<\/td><td>\ubcf8\ud1a0 \ub0b4\uc218 \ub808\uc800\uac00 \ub454\ud654\ud588\uace0 \ub300\ud615 \ud0dc\ud48d \uc601\ud5a5. \ud64d\ucf69\u00b7\ub300\ub9cc\u00b7\ud558\uc774\ub09c\uacfc \ub7ed\uc154\ub9ac\uac00 \uc774\ub97c \uc0c1\uc1c4<\/td><\/tr><tr><td>\uc911\ub3d9<\/td><td>-12%<\/td><td>\ud558\ub77d \ud3ed\uc740 \uac1c\uc120\ub428<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ubbf8\uad6d \uc140\ub809\ud2b8 \uc11c\ube44\uc2a4(\uc911\uac04 \uac00\uaca9\ub300) \ud638\ud154\ub3c4 +6%\ub85c \uc804\ubd84\uae30\ubcf4\ub2e4 \uac1c\uc120<\/li>\n\n\n\n<li>\uc8fc\uac70\uc6a9 \ube0c\ub79c\ub529(\ub808\uc9c0\ub358\uc2a4) \uc218\uc218\ub8cc\ub294 \ubd84\uc591 \uc2dc\uc810 \uc601\ud5a5\uc73c\ub85c -35%<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4. \uc804\ub9dd<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2026\ub144 \uc5f0\uac04 \uac00\uc774\ub358\uc2a4 \uc0c1\ud5a5<\/strong>\n<ul class=\"wp-block-list\">\n<li>\uae00\ub85c\ubc8c RevPAR <strong>+4.5~5%<\/strong> (\uc6d4\ub4dc\ucef5 \ud6a8\uacfc 45bp \ud3ec\ud568)<\/li>\n\n\n\n<li>\ucd1d \uc218\uc218\ub8cc \uc57d <strong>+13%<\/strong>, IMF\ub294 \ud55c \uc790\ub9bf\uc218 \ud6c4\ubc18 \uc99d\uac00<\/li>\n\n\n\n<li>\uc81c\ud734 \uc2e0\uc6a9\uce74\ub4dc \uc218\uc218\ub8cc <strong>30%\ub300 \ud6c4\ubc18 \uc99d\uac00<\/strong>, \uc8fc\uac70 \ube0c\ub79c\ub529 \uc218\uc218\ub8cc <strong>90% \uc774\uc0c1 \uc99d\uac00<\/strong><\/li>\n\n\n\n<li>\uc870\uc815 EBITDA \uc57d <strong>+13%<\/strong>, \uc870\uc815 \ud76c\uc11d EPS <strong>+20~21%<\/strong> (\uc8fc\uc2dd \uc218 \uac10\uc18c \ud6a8\uacfc \ud3ec\ud568)<\/li>\n\n\n\n<li>G&amp;A\ub294 \uc804\ub144 \ub300\ube44 +1~2%<\/li>\n\n\n\n<li>\uc21c\uac1d\uc2e4 \uc99d\uac00\uc728\uc740 \uae30\uc874 \uac00\uc774\ub358\uc2a4 4.5~5%\uc758 \ud558\ub2e8 (\uac1d\uc2e4 \ud3d0\uc1c4 1~1.5% \ubc18\uc601)<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>4\ubd84\uae30<\/strong>\n<ul class=\"wp-block-list\">\n<li>RevPAR <strong>+4.5~5%<\/strong>. \ubd81\ubbf8\ub294 \uacac\uc870\ud558\uc9c0\ub9cc \ud574\uc678\ub294 EMEA \ubd80\uc9c4\uc73c\ub85c 3\ubd84\uae30\ubcf4\ub2e4 \ub454\ud654<\/li>\n\n\n\n<li>\uc911\ub3d9\uc740 \uc131\uc218\uae30\uc5d0 \ub4e4\uc5b4\uc11c\uba74\uc11c \uc601\ud5a5\uc774 \ub354 \ucee4\uc9c0\uace0, \uc0ac\uc6b0\ub514\uc758 \ub300\ud615 \ud589\uc0ac \ucde8\uc18c\ub3c4 \ubc18\uc601\ub428<\/li>\n\n\n\n<li>\ub9e4\ucd9c\ucd1d\uc774\uc775 +13%, \uc870\uc815 EBITDA <strong>+12~14%<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>2027\ub144 \uccab \uac00\uc774\ub358\uc2a4: \uae00\ub85c\ubc8c RevPAR +3.5~4.5%<\/strong>\n<ul class=\"wp-block-list\">\n<li>\uc6d4\ub4dc\ucef5\uc774 \ube60\uc9c0\ub294 \uc5ed\uae30\uc800\ub294 EMEA\uc758 \ub0ae\uc740 \ube44\uad50 \uae30\uc900\uc73c\ub85c \uc0c1\uc1c4\ub420 \uac83\uc73c\ub85c \ubd04<\/li>\n\n\n\n<li>\uac1d\uc2e4 \ub2e8\uac00\uc640 \uc810\uc720\uc728 \uae30\uc5ec \ube44\uc911, \uc218\uc694 \uc720\ud615\ubcc4 \uc804\ub9dd\uc740 &#8220;\uc608\uc0b0\uc744 \uc9dc\ub294 \uc911\uc774\ub77c \uc544\uc9c1 \uc774\ub974\ub2e4&#8221;<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\uc21c\uac1d\uc2e4 \uc218\ub294 \ud5a5\ud6c4 \uc218\ub144\uac04 <strong>\ud55c \uc790\ub9bf\uc218 \uc911\ubc18 \uc131\uc7a5<\/strong> \uc804\ub9dd<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">5. \uac1c\ubc1c\/\uacc4\uc57d<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\uc2e0\uaddc \ucc29\uacf5<\/strong>\n<ul class=\"wp-block-list\">\n<li>\ubbf8\uad6d\u00b7\uce90\ub098\ub2e4: 2025\ub144 +7%, \uc62c\ud574 1~3\ubd84\uae30 +20%. 2019\ub144 \uc218\uc900\uc5d0\ub294 \uc544\uc9c1 \ubabb \ubbf8\uce68<\/li>\n\n\n\n<li>\uae00\ub85c\ubc8c: \uc5f0\ucd08 \uc774\ud6c4 \uc57d -24% (\ubbf8\uad6d \uc678 \ub370\uc774\ud130\ub294 \uc815\ud655\ub3c4\uac00 \ub0ae\ub2e4\uace0 \ud568)<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\uc804\ud658 \uc804\ub7b5<\/strong>\uc740 \uc2e0\uaddc \uac74\uc124\uc774 \ub298\uc5b4\ub3c4 \uc904\uc9c0 \uc54a\uc744 \uac83\uc73c\ub85c \ubd04. \ubbf8\ub4dc\uc2a4\ucf00\uc77c(\uc911\uc800\uac00) \ube0c\ub79c\ub4dc\ub294 \uc544\uc9c1 \ucd08\uae30 \ub2e8\uacc4\uc9c0\ub9cc \uc774\ubbf8 <strong>\uc57d 600\uac1c \ud638\ud154<\/strong> \ud655\ubcf4<\/li>\n\n\n\n<li><strong>\ud0a4\uba38\ub2c8<\/strong>(\ud638\ud154 \uc624\ub108\uc5d0\uac8c \ube0c\ub79c\ub4dc \uacc4\uc57d \ub300\uac00\ub85c \uc8fc\ub294 \uc9c0\uc6d0\uae08)\n<ul class=\"wp-block-list\">\n<li>\uc804\ud658 \uacbd\uc7c1\uc774 \uce58\uc5f4\ud574\uc9c0\uba74\uc11c \uc911\uc694\ud574\uc9d0<\/li>\n\n\n\n<li>2025\ub144\uc5d0 \ud0a4\uba38\ub2c8\ub97c \ub123\uc740 \uacc4\uc57d\uc740 \uac1d\uc2e4\ub2f9 \uac00\uce58\uac00 \ud3c9\uade0 <strong>\uc57d 65% \ub192\uc558\uc74c<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>2026\ub144 \ud22c\uc790 \uc9c0\ucd9c <strong>\uc57d $13.5\uc5b5<\/strong>. \uc774 \uc911 40~45%\uac00 \uacc4\uc57d \ud655\ubcf4 \ube44\uc6a9. \ub0b4\ub144\uc5d0\ub3c4 \ube44\uc2b7\ud55c \uc218\uc900\uc774\uace0 \ud0a4\uba38\ub2c8\ub294 \ub298\uc5b4\ub0a0 \uc804\ub9dd<\/li>\n\n\n\n<li>\uc911\ub3d9\uc740 \uc601\uc5c5 \uc911\uc778 \uac1d\uc2e4\uc758 3%, \ud30c\uc774\ud504\ub77c\uc778\uc758 6%, \ucd1d \uc218\uc218\ub8cc\uc758 3%. UAE \ub77c\uc2a4\uc54c\uce74\uc774\ub9c8\uc5d0\uc11c \uc2e0\uaddc \uacc4\uc57d 3\uac74 \uccb4\uacb0<\/li>\n\n\n\n<li>\uc0c8 \ud638\ud154 \uc6b4\uc601 \uc2dc\uc2a4\ud15c(PMS) \uc804\ud658: <strong>3,000\uac1c \uc774\uc0c1 \ud638\ud154 \uc644\ub8cc<\/strong>. \ubbf8\uad6d \uc140\ub809\ud2b8 \uc11c\ube44\uc2a4 \ubc30\ud3ec\ub294 \ub300\ubd80\ubd84 \ub05d\ub0ac\uace0, 2027\ub144\uae4c\uc9c0 \ud480\uc11c\ube44\uc2a4\u00b7\ub7ed\uc154\ub9ac \ud638\ud154\ub85c \ud655\ub300<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">6. \uc8fc\uc8fc\ud658\uc6d0\/\uc7ac\ubb34<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>2026\ub144 \uc5f0\uac04 \uc8fc\uc8fc\ud658\uc6d0 <strong>\ucd5c\uc18c $48\uc5b5<\/strong> (\uc0c1\ud5a5)<\/li>\n\n\n\n<li>\ud22c\uc790\uc801\uaca9 \uc2e0\uc6a9\ub4f1\uae09\uc744 \uc720\uc9c0\ud558\ub294 \ubc94\uc704\uc5d0\uc11c \uc790\uc0ac\uc8fc \ub9e4\uc785\uacfc \ubc30\ub2f9\uc744 \ubcd1\ud589<\/li>\n\n\n\n<li>\ubcf4\uc720\u00b7\uc784\ucc28 \uc790\uc0b0\uc740 \uc2dc\uae30\uc640 \uac00\uaca9\uc774 \ub9de\uc744 \ub54c \ub9e4\uac01\ud558\ub294 \ubc29\uc2dd \uc720\uc9c0. \uc774\ubc88\uc5d0 \ubbf8\uad6d \ud638\ud154 2\uacf3\uc744 \ub9e4\uac01\ud568<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">7. \uc9c8\uc758\uc751\ub2f5 \ud575\uc2ec<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\uc9c8\ubb38\uc790<\/th><th>\uc9c8\ubb38<\/th><th>\ub2f5\ubcc0 \uc694\uc57d<\/th><\/tr><\/thead><tbody><tr><td>Shaun Kelley (BofA)<\/td><td>\uc624\ub108 \ubc18\ubc1c, ITR \uc778\uc13c\ud2f0\ube0c \ud53c\ub4dc\ubc31<\/td><td>\uc624\ub108\uc640 \uc815\uae30\uc801\uc774\uace0 \uac74\uc124\uc801\uc73c\ub85c \uc18c\ud1b5 \uc911.<br>\ub9e4\ucd9c \ud655\ub300\uc640 \ube44\uc6a9 \uc808\uac10\uc744 \ud568\uaed8 \ucd94\uc9c4\ud574 \ud638\ud154 \ub2e8\uc704 \uc218\uc775\uc131\uc744 \ub192\uc774\uaca0\uc74c<\/td><\/tr><tr><td>Richard Clarke (\ubc88\uc2a4\ud0c0\uc778)<\/td><td>\ub7ed\uc154\ub9ac\uc640 \uc140\ub809\ud2b8 \uc11c\ube44\uc2a4\uc758 RevPAR \uaca9\ucc28(5.5%p)\uac00 \uc774\uc5b4\uc9c8\uc9c0<\/td><td>\uc804 \ub4f1\uae09\uc774 \uc591\ud638\ud558\uace0 \ub7ed\uc154\ub9ac\uac00 \uac00\uc7a5 \uac15\ud568.<br>\uc140\ub809\ud2b8 \uc11c\ube44\uc2a4\ub3c4 +6%\ub85c \uac1c\uc120\ub428<\/td><\/tr><tr><td>Stephen Grambling (\ubaa8\uac74\uc2a4\ud0e0\ub9ac)<\/td><td>\uc5d0\uc774\uc804\ud2f1 AI\uac00 \uc720\ud1b5 \uad6c\uc870\uc640 \uc218\uc218\ub8cc\uc5d0 \ubbf8\uce60 \uc601\ud5a5<\/td><td>AI\uac00 \uc5ec\ud589 \ud0d0\uc0c9 \ubc29\uc2dd\uc744 \ud06c\uac8c \ubc14\uafc0 \uac83\uc73c\ub85c \ubd04.<br>\uc608\uc57d\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc740 \uc544\uc9c1 \uc81c\ud55c\uc801.<br>AI \ud50c\ub7ab\ud3fc\uc774 \uc544\uc9c1 \uad11\uace0\ub85c \ub3c8\uc744 \ubc8c\uae30 \ub54c\ubb38\uc5d0 \uc624\ub108\uc5d0\uac8c \uc720\ub9ac\ud574\uc9c8 \uac00\ub2a5\uc131\ub3c4 \uc788\uc74c<\/td><\/tr><tr><td>Patrick Scholes (Truist)<\/td><td>2027\ub144 RevPAR\uc5d0\uc11c \uac1d\uc2e4 \ub2e8\uac00\uc640 \uc810\uc720\uc728 \uae30\uc5ec \ube44\uc911<\/td><td>\uc608\uc0b0\uc744 \uc9dc\ub294 \uc911\uc774\ub77c \uc544\uc9c1 \uc774\ub984.<br>\uc62c\ud574\ub294 \uac1d\uc2e4 \ud310\ub9e4\ub7c9\uacfc \ub2e8\uac00\uac00 \ud568\uaed8 \uc624\ub978 \uc810\uc774 \uace0\ubb34\uc801\uc784<\/td><\/tr><tr><td>Trey Bowers (\uc6f0\uc2a4\ud30c\uace0)<\/td><td>4\ubd84\uae30 IMF, \ud0a4\uba38\ub2c8 $5\uc5b5~6\uc5b5\uc774 \uc0c8 \uae30\uc900\uc778\uc9c0<\/td><td>4\ubd84\uae30 IMF\ub294 \ubd81\ubbf8\u00b7\uc544\ud0dc \uac1c\uc120\uc774 \uc911\ub3d9 \ubd80\uc9c4\uc5d0 \uc77c\ubd80 \uc0c1\uc1c4\ub3fc \uc0c1\uc2b9 \uc5ec\uc9c0\uac00 \uc81c\ud55c\uc801.<br>\ud0a4\uba38\ub2c8\ub294 \uc804\ud658 \uacbd\uc7c1\uc758 \ud575\uc2ec \uc218\ub2e8\uc774\uace0 \uac19\uc740 \ud22c\uc790 \uae30\uc900\uc744 \uc801\uc6a9\ud568.<br>\uc2dc\uc2a4\ud15c\uc774 \ucee4\uc9c0\uba74\uc11c \ud0a4\uba38\ub2c8\ub3c4 \ub298\uc5b4\ub0a0 \uc804\ub9dd<\/td><\/tr><tr><td>Michael Bellisario (Baird)<\/td><td>\ucc29\uacf5 \ucd94\uc774, \ub0b4\ub144 \uc21c\uac1d\uc2e4 \uc99d\uac00\uc728<\/td><td>\ubbf8\uad6d \ucc29\uacf5\uc740 \ud68c\ubcf5 \uc911.<br>\uc804\ud658\uc774 \uacc4\uc57d\uc758 1\/3, \uac1c\uc7a5\uc758 40%\ub97c \ucc28\uc9c0\ud574 \uc131\uc7a5\uc744 \ubc1b\uccd0\uc90c<\/td><\/tr><tr><td>David Katz (\uc81c\ud504\ub9ac\uc2a4)<\/td><td>\uc911\ub3d9 \ubd88\uc548\uc774 \uc774\uc5b4\uc9c8 \ub54c \ud30c\uc774\ud504\ub77c\uc778\uacfc RevPAR<\/td><td>\uc218\uc218\ub8cc \ube44\uc911\uc774 3%\ub85c \uc791\uc74c.<br>2027\ub144 1\ubd84\uae30 \uc774\ud6c4 \uae30\uc800 \ubd80\ub2f4\uc774 \uc644\ud654\ub428.<br>\ud30c\uc774\ud504\ub77c\uc778 \ub454\ud654\ub294 \ud3c9\uc2dc \ubc94\uc704 \uc548<\/td><\/tr><tr><td>Dan Politzer (JP\ubaa8\uac74)<\/td><td>2027\ub144 RevPAR\ub97c \uc218\uc694 \uc720\ud615\ubcc4\ub85c \ubcf4\uba74<\/td><td>\uc608\uc0b0 \uc218\ub9bd \ucd08\uae30\ub77c \uad6c\uccb4\uc801\uc73c\ub85c \ub9d0\ud558\uae30 \uc5b4\ub824\uc6c0<\/td><\/tr><tr><td>Lizzie Dove (\uace8\ub4dc\ub9cc\uc0ad\uc2a4)<\/td><td>\uace0\uae08\ub9ac \uc18d \uc804\ud658 \ube44\uc911\uc774 \ub354 \ucee4\uc9c8\uc9c0<\/td><td>\uac1c\ubcc4 \uc790\uc0b0\uacfc \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ub2e8\uc704 \uc804\ud658\uc774 \uc131\uacfc\ub97c \ub0b4\uace0 \uc788\uc74c.<br>\uc2e0\uaddc \uac74\uc124\uc774 \ub298\uc5b4\ub3c4 \uc804\ud658\uc740 \uc904\uc9c0 \uc54a\uc744 \uac83.<br>\ubbf8\ub4dc\uc2a4\ucf00\uc77c\ub85c \ud655\uc7a5 \uc911<\/td><\/tr><tr><td>Brant Montour (\ubc14\ud074\ub808\uc774\uc988)<\/td><td>\uc911\uad6d \ub0b4\uc218 \ub808\uc800 \ub454\ud654<\/td><td>\uc911\uad6d\uc740 \ub808\uc800 \ube44\uc911\uc774 \uac00\uc7a5 \ud07c.<br>\uc18c\ube44 \uc2ec\ub9ac\uac00 \ub454\ud654\ub3fc \ud658\uacbd\uc774 \uc5b4\ub824\uc6c0.<br>1\uc120 \ub3c4\uc2dc\uc640 \uc800\uac00 \uccb4\uc778\uc740 \uacac\uc870\ud568<\/td><\/tr><tr><td>Duane Pfennigwerth (\uc5d0\ubc84\ucf54\uc5b4)<\/td><td>\uc720\ub7fd RevPAR \uac00\uc18d \uc774\uc720<\/td><td>\uc11c\uc720\ub7fd\u00b7\ub0a8\uc720\ub7fd \ub808\uc800 \uc218\uc694\uac00 \ud575\uc2ec \ub3d9\ub825<\/td><\/tr><tr><td>Robin Farley (UBS)<\/td><td>\ucc29\uacf5 \uc911 \uac1d\uc2e4\uc774 \uc904\uc5b4\ub4e0 \uc774\uc720, \ub0b4\ub144 \uc804\ud658 \ube44\uc911<\/td><td>\ucc29\uacf5 \ud750\ub984\uc5d0 \ub530\ub77c \ub2ec\ub77c\uc838\uc11c \ube44\uc911\uc744 \ud655\uc815\ud558\uae30 \uc5b4\ub824\uc6c0.<br>\uc804\ud658\uc744 \ucd5c\uc6b0\uc120 \uc131\uc7a5 \uacfc\uc81c\ub85c \uc0bc\uc74c<\/td><\/tr><tr><td>Conor Cunningham (\uba5c\ub9ac\uc6b0\uc2a4)<\/td><td>\uae30\uc5c5 \ucd9c\uc7a5 \uc218\uc694\uac00 \uc57d\ud55c \uc774\uc720<\/td><td>\ub2e8\uccb4\u00b7\uae30\uc5c5\u00b7\ub808\uc800 \ubaa8\ub450 \uacac\uc870\ud588\uc74c.<br>\uae30\uc5c5 \ucd9c\uc7a5 \ub9e4\ucd9c\uc740 \uc57d +4%\uc774\uace0 \ub808\uc800\uac00 \uac00\uc7a5 \uac15\ud568<\/td><\/tr><tr><td>Ari Klein (BMO)<\/td><td>PMS \uc804\ud658 \ud604\ud669<\/td><td>3,000\uac1c \uc774\uc0c1 \ud638\ud154 \uc804\ud658 \uc644\ub8cc.<br>\ub2e8\uc21c\ud55c \ud638\ud154\ubd80\ud130 \uc801\uc6a9\ud588\uace0, \ud480\uc11c\ube44\uc2a4\u00b7\ub7ed\uc154\ub9ac\ub85c \ud655\ub300\ud560 \uc900\ube44\ub97c \ub9c8\uce68<\/td><\/tr><tr><td>Alex Brignall (\ub85c\uc2a4\ucc28\uc77c\ub4dc)<\/td><td>\uc2e4\ud6a8 \ub85c\uc5f4\ud2f0\uc728\uc774 \ub0b4\ub824\uac00\ub294\uc9c0<\/td><td>\ud504\ub79c\ucc28\uc774\uc988 \ub85c\uc5f4\ud2f0\uc728\uc5d0 \ud558\ub77d \uc555\ub825\uc740 \uc5c6\uc74c<\/td><\/tr><tr><td>Chad Beynon (\ub9e5\ucffc\ub9ac)<\/td><td>\ub808\uc800 \uc608\uc57d \uc120\ud589 \uae30\uac04<\/td><td>3\ubd84\uae30 \ud3c9\uade0 \uc608\uc57d \uae30\uac04\uc740 \uc804\ub144\uacfc \ube44\uc2b7\ud568<\/td><\/tr><tr><td>Smedes Rose (\uc528\ud2f0)<\/td><td>\ubd81\ubbf8 IMF \uc9c0\uc18d \uac00\ub2a5\uc131<\/td><td>\ub0b4\ub144 IMF\ub294 \uc608\uc0b0 \uac80\ud1a0\uac00 \ud544\uc694\ud574 \uc544\uc9c1 \uc774\ub984.<br>IMF\ub97c \ubc1b\ub294 \ud638\ud154 \ube44\uc911\uc740 \uc9c0\uc5ed\ub9c8\ub2e4 \ub2e4\ub984<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>\uc6d0\ub798\ub294 \uc5ec\ud589\ud14c\ub9c8\uc8fc\uac19\uc740\uacbd\uc6b0 \ubd84\uc11d \uc798 \uc548\ud558\ub294\ub370, \ucd5c\uadfc \uc0ac\ub78c\ub4e4 \uc8fc\uba38\ub2c8 \uc0ac\uc815\uc774 \uad81\uae08\ud574\uc11c \ud55c\ubc88 \ubd84\uc11d\ud574\ubd24\uc2b5\ub2c8\ub2e4. \uc8fc\uba38\ub2c8 \uc0ac\uc815\uc774 \uc88b\uc73c\uba74 \uc5ec\ud589\uc744 \ub9ce\uc774 \uac00\ub2c8\uae4c\uc694 \ud83d\ude0f 1. \ud575\uc2ec \uc774\uc288: RevPAR \uc0c1\ud68c, \uc5f0\uac04 \uac00\uc774\ub358\uc2a4 \uc0c1\ud5a5 \ud56d\ubaa9 \uae08\uc561 \ucd1d \uc218\uc218\ub8cc \ub9e4\ucd9c $15.2\uc5b5 (+14%) \uc778\uc13c\ud2f0\ube0c \uad00\ub9ac \uc218\uc218\ub8cc(IMF) $1.81\uc5b5 (+22%) \uc870\uc815 EBITDA $15.1\uc5b5 (+12%) \uc77c\ubc18\uad00\ub9ac\ube44(G&amp;A) +2%\uc5d0 \uadf8\uce68 (\ube44\uc6a9 \ud1b5\uc81c, \uc18c\uc1a1\ube44 \uac10\uc18c) \ubcf4\uc720\u00b7\uc784\ucc28 \ub4f1 \uae30\ud0c0 \uc21c\uc218\uc775 $0.41\uc5b5 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[38],"tags":[94,100,109],"class_list":["post-394","post","type-post","status-publish","format-standard","hentry","category-38","tag-94","tag-100","tag-109"],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"blogsy-small":false,"blogsy-small-tall":false,"blogsy-small-square":false,"blogsy-small-masonry":false,"blogsy-medium":false,"blogsy-medium-masonry":false,"blogsy-large":false,"blogsy-wide":false},"uagb_author_info":{"display_name":"Arphile","author_link":"https:\/\/www.arphile.net\/?author=1"},"uagb_comment_info":0,"uagb_excerpt":"\uc6d0\ub798\ub294 \uc5ec\ud589\ud14c\ub9c8\uc8fc\uac19\uc740\uacbd\uc6b0 \ubd84\uc11d \uc798 \uc548\ud558\ub294\ub370, \ucd5c\uadfc \uc0ac\ub78c\ub4e4 \uc8fc\uba38\ub2c8 \uc0ac\uc815\uc774 \uad81\uae08\ud574\uc11c \ud55c\ubc88 \ubd84\uc11d\ud574\ubd24\uc2b5\ub2c8\ub2e4. \uc8fc\uba38\ub2c8 \uc0ac\uc815\uc774 \uc88b\uc73c\uba74 \uc5ec\ud589\uc744 \ub9ce\uc774 \uac00\ub2c8\uae4c\uc694 \ud83d\ude0f 1. \ud575\uc2ec \uc774\uc288: RevPAR \uc0c1\ud68c, \uc5f0\uac04 \uac00\uc774\ub358\uc2a4 \uc0c1\ud5a5 \ud56d\ubaa9 \uae08\uc561 \ucd1d \uc218\uc218\ub8cc \ub9e4\ucd9c $15.2\uc5b5 (+14%) \uc778\uc13c\ud2f0\ube0c \uad00\ub9ac \uc218\uc218\ub8cc(IMF) $1.81\uc5b5 (+22%) \uc870\uc815 EBITDA $15.1\uc5b5 (+12%) \uc77c\ubc18\uad00\ub9ac\ube44(G&amp;A) +2%\uc5d0 \uadf8\uce68 (\ube44\uc6a9 \ud1b5\uc81c, \uc18c\uc1a1\ube44 \uac10\uc18c) \ubcf4\uc720\u00b7\uc784\ucc28 \ub4f1 \uae30\ud0c0 \uc21c\uc218\uc775 $0.41\uc5b5&hellip;","_links":{"self":[{"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/posts\/394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.arphile.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=394"}],"version-history":[{"count":1,"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/posts\/394\/revisions"}],"predecessor-version":[{"id":395,"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/posts\/394\/revisions\/395"}],"wp:attachment":[{"href":"https:\/\/www.arphile.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.arphile.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.arphile.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}