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Finance and Development, Markets

U.S. Hotel Gross Operating Profit Per Available Room Fell 116.9% During April 2020

June 1, 2020

Via: Hotel News Resource

U.S. hotel gross operating profit per available room fell 116.9% during April 2020, according to the latest monthly P&L data release from STR. In a year-over-year comparison with April 2019, the industry reported the following: GOPPAR: -116.9% to US-$17.98 TRevPAR: […]


News

WTTC Launches Safe Travels Protocols for Aviation, Airports, MICE and Tour Operators

June 1, 2020

Via: Hotel News Resource

The World Travel & Tourism Council (WTTC) has unveiled the second phase of measures to rebuild global consumer confidence to encourage the return of travelling. The latest protocols are designed to drive the return of safe travel and enable industries, […]


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, Markets

Hotels in the Middle East And Africa Report Unprecedented Performance Lows for April 2020

May 26, 2020

Via: Hotel News Resource

Showing the impact of the COVID-19 pandemic, hotels in the Middle East and Africa reported unprecedented performance lows during April 2020, according to data from STR. U.S. dollar constant currency, April 2020 vs. April 2019 Middle East Occupancy: -58.0% to […]


Hotels

Fairfield by Marriott Hotel Opens in Camarillo, California

May 26, 2020

Via: Hotel News Resource

The 103-room Fairfield by Marriott hotel in Camarillo, California announces the opening with smart, inventive public space and guest room design, and its bright and inviting décor. Located at 4444 Central Avenue, the custom-built Fairfield by Marriott Inn & Suites […]


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 […]


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 […]


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 […]