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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 […]


Travel

The 10 places people most want to visit in the US once travel can resume, according to Booking.com

May 22, 2020

Via: Hospitality Net

Many Americans had to cancel travel plans to follow shelter-in-place guidelines when the novel coronavirus spread. The hotel and airline industries have been hit particularly hard from recent disruptions, with airlines having to fly “ghost” planes and hotels around the […]


Hotels

America’s Hotel Owners Detail Priorities for CARES Act 2.0

May 21, 2020

Via: Hospitality Net

WASHINGTON, D.C — As Congress considers additional stimulus legislation to address the economic and health fallout of the COVID-19 pandemic, AAHOA highlighted specific steps lawmakers can take to help the hotel industry in a letter to Congressional leadership. The letter, […]


News

Travel-Related Unemployment Hits 51% Just Ahead of Memorial Day

May 20, 2020

Via: Hotel News Resource

More than half of the 15.8 million travel-related jobs in the U.S. have disappeared since the outbreak of the COVID-19 pandemic – driving an unemployment number (51%) that is more than twice the 25% rate the country as a whole […]


Technology

Technology – Your Partner in Crisis

May 20, 2020

Via: Hotel News Resource

COVID-19 has quickly brought the hospitality industry to a grinding halt. As hoteliers grapple with closures and layoffs, technology remains a steadfast partner. In this article we look at some ways your technology choices can help – or is already […]


Travel

Americans won’t rush to travel post-Covid, survey suggests

May 19, 2020

Via: Hospitality Net

It will take the majority of Americans at least 60 days after “experts sound the all clear” on Covid-19 before they feel comfortable resuming travel, a survey released this week concluded. The survey of 1,000 U.S. adults conducted April 8 […]


News

United Airlines’ new CEO Kirby takes the reins, aiming to ‘get through hell as quickly as possible’

May 19, 2020

Via: CNBC

United Airlines’ incoming CEO Scott Kirby doesn’t mince words. “It’s far better to be too aggressive than not aggressive enough,” then-United’s president told a J.P. Morgan industry conference in early March, laying out a bleak picture of potentially sharp revenue […]


Finance and Development, Markets

U.S. Hotel RevPAR to Decline 57.5% in 2020 and 48% In 2021

May 18, 2020

Via: Hotel News Resource

The latest U.S. hotel forecast from STR and Tourism Economics projects a 57.5% decline in revenue per available room (RevPAR) in 2020, then a 48.0% increase in the metric in 2021. Each percentage change was downgraded from a late-March forecast […]


Finance and Development, Hotels, Trends

The Five Changes Expected in the Hotel Industry

May 18, 2020

Via: Hospitality Net

Returning to operations in our new environment is sure to bring many expected and unexpected challenges. Between figuring out social distancing protocols and mitigating risk throughout the property, hotels will be contending with a lot as we move through the […]


Finance and Development, Trends

Guest Perspectives Post COVID-19: What Hotel Guests Want From a ‘New Normal’

May 15, 2020

Via: Hospitality Net

As human beings, we know change is inevitable. They say life is 10% of what happens to us and 90% is how we respond to it. There’s no question the hospitality industry will rebound from this challenging period. And when […]