Tag: Coronavirus

June 11, 2020

Abu Dhabi’s hotel industry reported improved but still relatively low performance levels, according to preliminary May data from STR. Compared with May 2019: Occupancy: +5.7% to 55.2% Average daily rate (ADR): -26.3% to AED251.40 Revenue per available room (RevPAR): -22.1% […]

June 10, 2020

More than 197 million jobs could be lost in the global Travel & Tourism sector if barriers to global travel, such as blanket anti-travel advisories and quarantine measures remain in place, according to new research from the World Travel & […]

June 9, 2020

Boeing logged orders for new freighter planes in May, but cancellations continued to outpace new business as the coronavirus roils the air travel industry. The company reported nine orders and twice as many cancellations, which included a switch of a […]

June 4, 2020

The coronavirus shutdown has spared few companies in the travel business, but times are especially tough for hotel owners whose mortgages are owned by Wall Street investors. When they need relief, these borrowers go to so-called special servicers that negotiate […]

June 4, 2020

STR released U.S. hotel performance results for the week ending May 30, and the data showed another small rise from previous weeks. Year-over-year declines remained significant although not as severe as the levels recorded previously. May 24-30, 2020, (percentage change […]

June 3, 2020

Marriott has reopened all of its hotels in China and the group says it has seen a recovery in business travel. The world’s third largest hotel chain has 350 outlets across China and says that occupancy rate is now at […]

June 2, 2020

The world’s 50 most valuable hotel brands could see their “brand value” fall by 20% to a combined $70 billion this year due to the near-collapse of travel driven by the COVID-19 pandemic, with expectations for a long and difficult […]

May 29, 2020

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 […]

May 28, 2020

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 […]

May 27, 2020

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 […]

May 27, 2020

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. […]

May 22, 2020

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 […]

May 22, 2020

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 […]

May 18, 2020

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 […]

May 15, 2020

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 […]

May 14, 2020

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 […]

May 14, 2020

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 — […]

May 13, 2020

Hyatt Hotels Corp. will implement layoffs and restructure roles across its global corporate functions beginning June 1. The company said the moves, which will impact around 1,300 employees around the world, are due to the historic drop in travel demand […]

May 12, 2020

The World Travel & Tourism Council (WTTC) which represents the global Travel & Tourism private sector has unveiled a range of new worldwide measures to restart the sector. The measures have been designed to rebuild confidence among consumers so they […]

May 12, 2020

SHANGHAI, China and MCLEAN, Va. – Hilton (NYSE: HLT) announced today that all of its hotels in Chinese Mainland have officially resumed operations. As Hilton welcomes guests back with its hospitality, each hotel has implemented strict anti-epidemic measures to ensure […]