Tag: Coronavirus

May 11, 2020

As 2020 got underway, the hotel cycle was at the peak of expansion with relatively sound fundamentals, albeit slowing growth. Seemingly overnight, the industry enters a downward spiral the likes of which have never been seen before. Demand falls off […]

May 8, 2020

HENDERSONVILLE, Tennessee – Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 26 April through 2 May 2020, according to data from STR. In comparison with the […]

May 7, 2020

A number of European airlines have dropped their financial guidance for the year, as the ongoing coronavirus pandemic creates widespread uncertainty about when business will return to normal. IAG — the parent company of British Airways, Vueling and Iberia — […]

May 5, 2020

In April 2019, more than 2 million travelers passed through U.S. airports every day. A year later, the coronavirus pandemic all but shut down air travel, as people sheltered in their homes, scared that recycled air and close quarters will […]

May 1, 2020

KANSAS CITY, MO – The U.S. Travel Association has partnered with MMGY Travel Intelligence to conduct a biweekly study of U.S. business and leisure travelers. This survey measures current and future traveler sentiment amid the COVID-19 pandemic and will track […]

April 30, 2020

American Airlines lost more than $2.2 billion in the first three months of the year — its biggest quarterly loss since 2008 —as the coronavirus pandemic drove down demand for air travel. American’s revenue dropped nearly 20% from a year […]

April 29, 2020

Asia-Pacific, where the coronavirus first appeared, continues to serve as the baseline for global hotel data performance comparison. March data indicates that the virus’ impact on hotel performance is not subsiding; in fact, it’s intensifying. After breaking even in February, […]

April 28, 2020

Following the news that many travelers have had to cancel Airbnb reservations; Rheanna Norris, Associate Analyst at GlobalData, a leading data and analytics company, offers her view on how traveler priorities are likely to change when international borders are reopened: […]

April 28, 2020

As expected, March was a brutal month for the global hospitality industry as a result of the COVID-19 pandemic, according to HotStats data, with the U.S., Europe, Asia and Middle East all recording year-over-year profit drops of 100 percent or […]

April 24, 2020

The American Hotel & Lodging Association released new data showing that 70 percent of hotel employees have been laid off or furloughed as eight in 10 hotel rooms across the nation remain empty. As the COVID-19 crisis progresses, the impact […]

April 24, 2020

Right now, it’s like we’re living in limbo. Quarantined, the world watches as the coronavirus continues its trajectory across the state, the nation and the rest of the world. Schools and universities have closed their doors, and nonessential businesses are […]

April 23, 2020

Uncertainty surrounding the coronavirus pandemic has caused nearly half (48%) of Americans to cancel their summer travel plans for this year leading to more distress for the travel industry. Additionally, 1 in 6 Americans also said they would wait a […]

April 23, 2020

Delta and United have reported their first quarterly losses in more than five years. Their competitors are also expected to release dismal results in the coming weeks. The next few months look even more painful for the sector as the […]

April 22, 2020

After the brutal shock to the travel industry due to the coronavirus crisis, the vast majority of hotels stopped or questioned all their investments in online marketing, mainly Google Ads and metasearch. This decision made a lot of sense given […]

April 20, 2020

United Airlines on Monday posted a $2.1 billion loss for first quarter, its biggest since 2008, as the coronavirus pandemic drove travel demand down to the lowest level in decades. The Chicago-based airline said it has applied for up to […]

April 17, 2020

The coronavirus pandemic has brought air travel to a screeching halt around the globe. Government restrictions and stay-at-home orders have stopped passengers from crossing borders or even leaving their homes, sapping demand for flight bookings. In the wake of these […]

April 16, 2020

The road to recovery for China’s travel industry is still littered with uncertainties. There were early signs of recovery at the end of the first quarter, reflected by Fliggy’s data showing that the sales of train and tourist attraction tickets […]

April 14, 2020

Boeing customers canceled a staggering number of 737 Max orders last month, deepening the crisis the company faces amid the coronavirus pandemic and the continued grounding of its bestselling plane after two fatal crashes. The Chicago-based manufacturer on Tuesday posted […]

April 13, 2020

Marriott International and its more than 7,300 hotels around the world are launching efforts to help communities where they operate during the COVID-19 pandemic. Rooms for Responders Marriott Bonvoy is launching Rooms for Responders in collaboration with its credit card […]

April 10, 2020

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 […]