Finance and Development, Financial
September 13, 2021
Via: Hospitality NetThe White House yesterday announced the expanded COVID-19 Economic Injury Disaster Loan (EIDL) program, giving qualified hoteliers access to up to $2 million per loan. The American Hotel & Lodging Association (AHLA) has been working with Biden Administration and Small Business Administration […]
September 9, 2021
Via: Hospitality NetVaccine tourism, where tourist hotspots are now offering COVID-19 vaccinations on holiday to attract visitors, is a double-edged sword as, while it could assist travel’s restart, it also raises the question of vaccine equity as it will further increase the […]
August 26, 2021
Via: Hospitality NetTravel industry is moving fast as travel expectations rise, striving to meet customers’ post-pandemic needs for stricter hygiene and safety, and provide services accordingly. Under these circumstances, global precautionary measures taken by LOTTE HOTELS&RESORTS, Korea’s largest hotel group are drawing […]
August 19, 2021
Via: Hospitality NetVaccination programs are ramping up worldwide, and more people are starting to travel. A recent ‘temperature check’ among our Linkedin followers showed that around 60% are ready to take off. In the US, corporate travel demand is up to 30-35% […]
Finance and Development, Trends
August 13, 2021
Via: Hospitality NetMore than 60% of small and independent hoteliers in the Mediterranean say bookings are rising faster than at any time in the last 12 months. The second quarterly report of 2021 from the Boutique Hotel Barometer of independent hoteliers revealed […]
Finance and Development, Markets
August 6, 2021
Via: Hotel News ResourceAfter being one of the highest-performing countries during the early portion of 2021, Australia’s hotel occupancy has been on a rapid decline amid the latest COVID-19 lockdowns across the country, according to data from STR through 1 August. “New and […]
Finance and Development, Markets
June 23, 2021
Via: Hospitality NetDespite Australia’s relative success in controlling the spread of COVID-19, the Australian hotel industry was hit hard by the onset of the global pandemic. However, its success in controlling the virus, together with a strong and large domestic travel market, […]
Finance and Development, Trends
June 15, 2021
Via: Hotel News ResourceAfter a year stuck at home, the majority of U.S. consumers, 70%, say they want to start traveling again, with more than 50% planning one to two vacations in the next six months, according to Discover’s annual travel survey. Following […]
June 7, 2021
Via: Hospitality NetA new campaign has today been launched by the World Travel & Tourism Council (WTTC) calling on governments around the world to restart international travel and enable the world to ‘Reunite’ once again. After more than a year of lockdowns […]
May 5, 2021
Via: Hospitality NetGloria Guevara, President & CEO of World Travel & Tourism Council (WTTC) gave an opening keynote speech at the G20 Tourism Ministers Meeting, as Ministers gathered to discuss the G20 Rome Guidelines for the Future of Tourism. WTTC shared that […]
April 29, 2021
Via: Hospitality NetWyndham Hotels & Resorts (NYSE: WH) – the world’s largest hotel franchising company with over 8,900 hotels across nearly 95 countries and territories – today released its Environmental, Social, and Governance (ESG) Report highlighting its commitment to operate in a […]
April 22, 2021
Via: Hotel News ResourceUnder normal circumstances, many travel destinations around the world are highly popular and many of them, extremely successful at driving loyal guests. Same as with all the other areas of travel, however, destinations have recently taken a hit due to […]
April 21, 2021
Via: Hospitality NetHilton (NYSE: HLT) has released its 2020 Environmental, Social and Governance (ESG) Report, which highlights the company’s continued commitment to redefining sustainable travel and driving positive impact on people and the planet. Through Hilton’s Travel with Purpose program, the company […]
April 6, 2021
Via: Hotel News ResourceMeetings and conferences generate big business for hotels. The pandemic made a big mess of that. On the rebound, hoteliers are eager to see that demand segment return. The arrival of COVID-19 vaccines – coupled with a societal eagerness to […]
April 1, 2021
Via: Hotel News ResourceTravel recovery finally appears to be well on its way, with a growing number of hotel markets experiencing week-to-week improvements in bookings and occupancy. Given the widespread success of vaccinations, expected to soon reach critical mass, combined with continued precautions […]
Finance and Development, Markets
March 31, 2021
Via: Hotel News ResourceThe devastating impact of the COVID-19 pandemic on global tourism has carried on into 2021, with new data showing an 87% fall in international tourist arrivals in January as compared to 2020. The outlook for the rest of the year […]
March 23, 2021
Via: Hospitality NetAirlines and others in the travel industry are throwing their support behind so-called vaccine passports to boost pandemic-depressed travel, and authorities in Europe could embrace the idea quickly enough for the peak summer vacation season. Technology companies and travel-related trade […]
March 12, 2021
Via: Hotel News ResourceThe COVID-19 pandemic has had an unprecedented impact on tourism to and within the United States. In 2020, overseas visitation to the United States declined 81% to its lowest level in 35 years, while the share of global travelers planning […]
Finance and Development, Trends
March 10, 2021
Via: Smart MeetingsYou have planned a big online event. Now you need to market it and entice people to come to your event. A killer virtual event description is necessary to convince people to attend your event. Without this, no one will […]
Finance and Development, Markets
February 8, 2021
Via: Hotel ManagementIncluding a 100.6 percent decline in December, U.S. hotel profitability fell 84.6 percent in 2020, according to STR‘s latest monthly profit-and-loss data release. December gross operating profit per available room came in worse than any month since June in both […]