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Category: Financial


Finance and Development, Financial

$7.4 Million Awarded in Relief Grants to Airbnb Superhosts

May 22, 2020

Via: Hospitality Net

On March 30th, we announced the Superhost Relief Fund to provide grants to tenured hosts who are facing financial challenges because of travel disruption and other impacts of the global COVID-19 crisis. Today, we are providing an update to let […]


Finance and Development, Financial, Real Estate

Why Airbnb Made a Big Mistake by Ditching Its Marketing – Fast Company

April 16, 2020

Via: Hotel News Resource

To save money, Airbnb halted all its marketing activities at the end of March in order to save an estimated $800 million in 2020. In this, it’s not alone. When a crisis hits, a company’s marketing budget is usually the […]


Finance and Development, Financial

Boeing Taps Investment Banks as It Weighs Government Aid

April 10, 2020

Via: WSJ

Boeing Co. has tapped investment banks for help securing a financial lifeline after the coronavirus grounded most of the world’s flights and deepened the aerospace giant’s troubles. Lazard and Evercore Inc. will help Boeing analyze government aid and potential funding […]


Finance and Development, Financial, Hotels

Mistakes to Avoid When Renegotiating Corporate Hotel Rates

April 8, 2020

Via: Hospitality Net

Nobody has a crystal ball — although many travel buyers probably wish they did right now. One question on their minds will be what is the hospitality sector’s playbook for recovery exactly? In Italy, one of the hardest hit countries […]


Finance and Development, Financial

Airbnb looks for investment

March 20, 2020

Via: Hotel Management

Airbnb is reported to have been talking with potential investors about an additional funding round. The company had been expected to make its debut on the public markets this year, a move which looked increasingly unlikely as hospitality stocks continued […]


Finance and Development, Financial

Hotels ask for $250bn

March 18, 2020

Via: Hotel Management

Hotel executives told Donald Trump that occupancy rates could fall as low as 10% globally as the movement of people was restricted as a result of the spread of COVID-19. The comments were made as industry leaders met with the […]


Finance and Development, Financial

Europe positive in January

February 24, 2020

Via: Hotel Management

Europe’s hotel industry reported positive results in the three key performance metrics during January 2020, according to data from STR. Budapest reported its strongest ever January in terms of revpar, while Paris saw its highest occupancy. Europe’s hotels reported a […]


Finance and Development, Financial, Hotels

Middle East looks to tourism

February 17, 2020

Via: Hotel Management

More than $23bn-worth of hotel construction contracts were due to be awarded in the Middle East and North Africa between now and 2023, according to MEED Projects. The company said that, in the final quarter of last year, development was […]


Finance and Development, Financial, Hotels

Hilton Houston North Announces $35 Million Renovation

February 13, 2020

Via: Hospitality Net

The Hilton Houston North announced it will undergo a $35 million-dollar renovation to include all guest rooms and suites, common areas, and meeting spaces. The renovation is expected to be complete by April 2020. The renovation includes the 18,000 square […]


Finance and Development, Financial

Ritz increases value 150 times in 50 years

January 28, 2020

Via: Hotel Management

If the Barclay brothers sell the Ritz Hotel for the rumoured £800m to a consortium of Saudi Arabian families it will have increased in value by 150 times in almost 50 years. Stephen Potel, consultant at Whitebridge Hospitality, sold the […]