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Tag: Coronavirus


Finance and Development, Markets

Scant Business at Europe’s Hotels Sends Profit to Historical Low

May 29, 2020

Via: Hospitality Net

April was a month of virtually no business volume for Europe’s hotels, as the coronavirus spread across the continent, prompting countries such as Spain, Italy and Russia to impose lockdowns in order to flatten the infection curve. The result was […]


News, Travel

Boeing and Airbus are studying how coronavirus may spread on their airplanes

May 28, 2020

Via: Hospitality Net

Boeing and Airbus are studying how coronavirus may spread on their airplanes, and taking a no-stone-unturned approach to developing a way to minimize risks as they search for a way to restart business amid the pandemic. They’re trying to pinpoint […]


News

Boeing is laying off more than 6,000 employees this week as coronavirus pandemic hurts demand

May 27, 2020

Via: CNBC

Boeing is planning to lay off more than 6,000 employees this week in an effort to slash costs as the coronavirus pandemic continues to devastate the air travel and aerospace industries. The aircraft manufacturer previously said it is seeking to […]


News, Travel

U.S. Travel Praises House Introduction of Pandemic Risk Insurance

May 27, 2020

Via: Hospitality Net

WASHINGTON – U.S. Travel Association Executive Vice President for Public Affairs and Policy Tori Emerson Barnes issued the following statement on the Pandemic Risk Insurance Act (PRIA, H.R. 7011)—modeled on the post-9/11 Terrorism Risk Insurance Act (TRIA)—introduced by U.S. Rep. […]


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 […]


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 […]


Travel

Air travel won’t return to pre-crisis levels until 2023, IATA chief warns

May 14, 2020

Via: CNBC

The impact on air travel from the coronavirus will be felt for many years to come, according to the International Air Transport Association, which estimates that passenger traffic won’t rebound to pre-crisis levels until at least 2023. The trade association […]


Restaurants

Starbucks seeks rent relief for a full year

May 14, 2020

Via: Restaurant Dive

With about 15,000 U.S. locations, Starbucks has a lot of rent to cover. And with sales down due to nationwide lockdowns —​ the company estimated the COVID-19 impact to be approximately $915 million due to temporary closures and restrictions — […]