All eyes are on the spreading coronvirus, COVID-19. Here you can follow the development and the impact of the coronavirus on the Hospitality Industry. Visit the WHO | World Health Organization for more information about the virus.
COVID-19 has presented a challenge for the hospitality industry, unrivaled by the likes of any challenge that came before it. Yet, despite global shutdowns and downturns in travel, there is no shortage of hotels thinking outside the box to attract guests—safely and at a social distance.
As COVID-19 spreads person to person through respiratory droplets, U.S. Center for Disease Control and Prevention recommends that everyone wears a mask when they are around other people (CDC, 2020). As such, many companies have enforced mask wearing policy for their customers and employees (Markowitz, 2020).
In an ever-changing environment, how can the hospitality industry transform, adapt and build for the future of travel? A deep understanding of motivations and behaviors is crucial to predicting how consumers and corporations will view lifestyle pursuits and experiences in the years to come.
We were delighted to connect with Adria Levtchenko, CEO of PurpleCloud Technologies, for a discussion on the future of hotels during this ongoing pandemic during the latest episode of the podcast she hosts, Hotel Happy Hour.
When the pandemic sent global economies into decline, it clinched the end to a decade-long bull run in commercial real estate markets.
Thayer Ventures Acquisition Corporation (the "Company" or "TVAC"), a special purpose acquisition company, today announced the closing of its initial public offering of 17,250,000 units, including 2,250,000 units issued to the underwriters upon full exercise of their over-allotment option, at a price of $10.
As part of ongoing steps to help instill confidence and provide exceptional experiences and solutions for meeting professionals and attendees, Marriott International has identified health protocol options, including COVID-19 testing, which meeting professionals may select for group meetings at certain Marriott branded hotels in the United States beginning in January 2021.
Meliá Hotels International (MHI), owner and operator of 390 hotels around the world, has announced the creation of group experiences, which adapt to the personality of each traveler at sub-brands including Gran Meliá, Paradisus by Meliá, ME by Meliá and Meliá Hotels & Resorts.
Oh, what a year it has been. That statement may mean something different to each of us, but surely, we can agree on the general sentiment it provides. If 2020 felt both like a whirlwind and the slowest year on record, I can relate.
The Global Business Travel Association (GBTA), the world's largest business travel association, has released the results of its latest COVID-19 Member Poll.
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International arrivals fell by 72% over the first ten months of 2020, with restrictions on travel, low consumer confidence and a global struggle to contain the COVID-19 virus, all contributing to the worst year on record in the history of tourism.
I am reminded every time I go to my almost empty gym that membership is down 70 percent due to the COVID-19 pandemic. I wonder with the exciting news of a vaccine and hope of eventually getting back .
Before the pandemic, customer satisfaction among the travel industries tracked by the American Customer Satisfaction Index (ACSI®) was mixed.
WTTC statement expresses concern over the newly launched Test to Release system.
With US and Europe hotel occupancy rate at its lowest, hospitality companies have to adapt their policies to fit this unprecedented time of COVID-19 pandemic. Hotels have acted so their loyalty programmes can remain at a satisfactory level for customers.
As we close 2020 and look to 2021, Red Roof®, the leader in upscale economy lodging, is continuing to support some of the pandemic's most affected communities: students, first responders, healthcare workers and remote workers with programs tailored just for them, available at participating, select properties.
The COVID-19 pandemic and resulting restrictions on domestic and international travel, economic activity, and individual movement are having an unprecedented impact on the lodging and tourism industry in Latin America and worldwide.
Amid a worldwide pandemic, the lodging industry is facing a downturn that is greater than the past two lodging-market declines combined. During the Great Recession, Metro Seattle occupancy fell roughly seven points from 68.
As the world marks the one year birthday of COVID-19, it is reeling from the force of the first wave, battling the second and bracing for a third. Yet, the impact of this pandemic on the real economy (goods and services) remains uncertain.
Hotels Remain Pressured by COVID-19.
The Boutique Lifestyle Leaders Association (BLLA), continues to meet its goal of providing clarity to the boutique hotel industry through research and surveys. This 8th annual Boutique Hotel Sentiment Survey included questions relating to operational changes addressing COVID-19 as well as having a shorter questionnaire, factoring in the industry's intense challenges this year.
AAA Travel expects the vast majority of Americans to stay home this holiday season. Public health concerns and travel guidance are influencing their decisions not to travel over the year-end holidays, a period that typically sees high demand for vacations.
The pandemic has fundamentally changed the way we think and act, leading us to reflect on the motives and pursuits that continue to inspire us to see the world. Following a tumultuous year in tourism, our latest trend report delves into rapidly accelerating trends and forecasts the movements that will define international travel in the years to come—from slow holidays and emerging regenerative destinations, to the latest technologies employed by operators and airports.
Cleaning protocols, sanitary standards and hygiene procedures. In the age of COVID-19, these terms have become omnipresent. Most hotel groups have implemented new security and hygiene protocols to reassure guests and make them feel safe.
The recent surge in COVID-19 infections has dampened expectations for U.S. hotel performance through the first half of 2021, but news of effective vaccines has bolstered projections of U.S. lodging industry recovery beginning in earnest during the second half of next year, according to CBRE's latest hotel forecast.
Months of empty rooms and discounted rates are catching up with hotel owners in Denver and across the country. Unless Congress steps in with more financial assistance or travel spending finds a way to surge, a big shakeout looms next year, industry insiders warn.
As the decimated air travel industry looks to rebuild operations in 2021, one thing is certain: airlines will be competing to win back the all-too-valuable business traveler.
After a year like 2020, it's a safe bet to say that air travel will never be the same again. In an industry that was impacted at every level, countless changes have already occurred in order for airlines to adapt and survive.
To say 2020 has been a tough year is an understatement. And while the last 12 months have brought with them a set of unforeseen challenges, the accompanying stillness has also allowed for new depths of reflection.
Delivering unique and memorable guest experiences and offers is helping put hotels in Australia's gateway cities on travellers radars as international border closures force them to adjust their plans, but state travel restrictions lift.
Depending on the poll you read, 40 to 50 percent of Americans say they will not get a coronavirus vaccine when it first becomes available to them. In a survey of firefighters in New York City, who are essential workers at high risk of infection, 55 percent said they do not intend to take a vaccine if offered by their departments.
The COVID-19 pandemic has transformed the climate for hotel lending in Canada. At the start of the year, the hotel sector was preparing for a down cycle in 2020 because the market had been riding high for the past 11 years, since the end of the Great Recession in 2009.
Hannah Smith is a Senior Consultant at STR (I am a huge geek/fan of STR from my hotel management days) and she was able to join me to discuss all the data and findings they are discovering over at ST.
The World Travel & Tourism Council (WTTC) and major international industry bodies have joined forces to call for the immediate restoration of international travel using proven processes and without waiting for or requiring vaccinations.
STR's preliminary November 2020 data for London hotels showed lower levels compared with previous months.
Sydney's hotel industry reported mostly flat performance compared with the previous month, according to preliminary November 2020 data from STR.
U.S. Travel Association Executive Vice President for Public Affairs and Policy Tori Emerson Barnes issued the following statement on COVID-19 relief negotiations in Washington.
A recent national survey commissioned by the American Hotel & Lodging Association (AHLA) shows that nearly two-thirds (69%) of Americans will not travel for Christmas. With a new surge in COVID-19 cases, the CDC recommending that Americans do not travel over the holiday season and new stay-at-home orders in place in states across the country, the holiday season will compound the challenges already facing the hotel industry during this public health crisis.
After partnering back in May for a campaign asking the world to be patient, responsible and "travel tomorrow", the World Tourism Organization and CNN International Commercial (CNNIC) have teamed up again to celebrate the transformative power being unleased as the restart of tourism gets underway.
Holiday Inn-owner Intercontinental Hotels Group has struck an agreement with its creditors to extend waivers of its debt covenants through the end of 2022, the company said in a statement on Friday.
As 2021 quickly approaches, hoteliers and industry experts are beginning to predict which of 2020's trends will stick around as well as new opportunities that could emerge.
There's no doubt that the COVID-19 pandemic has changed the leisure industry for the foreseeable future. Between the International Air Transport Association predicts that air passenger numbers won't return to pre-COVID-19 levels until 2024 and the news that 82% of travelers have changed their travel plans for the next six months, hotels will have to adapt to this new normal.
The gradual revival of demand in the past few weeks is ushering in a new era of price war tactics in the Indian hotels sector. Hotels are resorting to drastic rate cuts in their quest to attract guests and stay afloat during these trying times.
With would-be travelers grounded by a global pandemic, 2020 has ushered in a new era of amateur bakers and whipped coffee enthusiasts. Yet every day, the desire to travel continues to grow. A recent survey, commissioned by Hilton, found that 95% of Americans said they are missing travel and 90% of respondents believe the country is experiencing a "Travel Memory Deficit" brought on by this lack of travel.
Today's episode is a "can't be missed" for hoteliers. Chris Hartley, CEO of the Global Hotel Alliance (GHA), shared not only the organization's backstory, but provided a deep dive into the role independent hotels play in travel, future travel trends, and the importance of loyalty programs.
As we enter the final stretch before the end of a very special year, 2020, many are announcing a world of tomorrow, a hotel of tomorrow, a tourism of tomorrow... The pandemic is bringing new life to our professions, and we will not have enough on both hands to build this new world.
The Global Tourism Crisis Committee has met for the last time in 2020, to continue advancing coordination and cooperation among all parts of the sector. The virtual meeting of the Committee, established by the World Tourism Organization (UNWTO) at the start of the pandemic, was hosted by Portugal ahead of its Presidency of the Council of the European Union, beginning in January.
WTM London publishes a manifesto to guide policy-makers with concrete solutions to our present and future challenges The document had the support from UNWTO and WTTC, plus more than 200 international leaders (public and private sector) from the tourism industry who took part in the process through a Delphi method WTM London has declared its mission to work with governments and the private sector around the world to create a safer, smarter and greener travel and tourism industry.
While 2020 has proved a challenging year, we have learned a lot, and there are glimmers of hope as we move into 2021. The pandemic has promoted massive technological innovation and has led to many of us changing our habits, shifting our priorities, and looking forward in a new way.
Today at its annual partner conference, explore '20, Expedia Group revealed key considerations shaping travel decisions in 2021 and demonstrated technology enhancements to help travelers and partners make informed decisions and complete tasks.
November U.S. monthly meetings and events volume increased 15 percent over the previous month, according to the latest data from Knowland, the leader in group hospitality analytics for hotels, convention and visitor bureaus, conference centers and other meeting venues.
MMGY Global has released the latest findings of its Travel Intentions Pulse Survey (TIPS) and Travel Safety Barometer, with data answering questions about how Americans feel about travel amid news of effective vaccines and COVID-19 cases rising sharply in the U.
U.S. weekly hotel occupancy increased slightly from the previous week, according to the latest data from STR through 5 December.29 November through 5 December 2020 (percentage change from comparable .
Long after the mandatory work-from-home orders have softened, the COVID-19 pandemic continues to alter the way hoteliers communicate with customers and staff, and this can have profound implicates for the guest experience and team morale.
The hospitality industry has suffered a great deal during the pandemic, however, there is a light at the end of the tunnel. Several COVID-19 vaccines are ready for distribution and there are high hopes that many things will be getting back to some semblance of normal in 2021.
July to September of 2020, defined by some as the summer of the staycation, was a period of relative freedom during which travelers around the world were able to resume leisure trips dependent on local restrictions and personal choices.
Today at its annual partner conference, explore '20, Expedia Group shared its continued commitment to focus on technological innovation as a key driver in recovery and beyond. The world's leading online travel agency is calling on all players in the global travel ecosystem to adapt to the shift in traveler expectations in critical areas such as flexibility, cleanliness, and communicatio n to restore traveler confidence.
Adara, the leader in verified identity and permissioned data, reveals that the UK leads Europe in willingness to travel internationally. In a study of bookings, departures and searches from 10th November 2020 extending until early 2021, the data also shows that across Europe, travellers are either booking at the very last minute or far in advance as COVID-19 continues to create uncertainty.
Gaëlle Simon, a check-in and boarding agent at Brussels Airport, Belgium, used to feel lucky to work at an airport.
The hotel/travel industry has been particularly hard hit by COVID. Many of the industry's venerable brands have had to do the unthinkable, furlough or layoff significant percentages of their workforce.
The World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, today unveils a major new report that recommends global guidelines for a Safe & Seamless Traveller Journey related to traveller identity and security in the 'new normal'.
Go to Industry Health Dashboard
In line with new guidelines published by EASA and ECDC on testing and quarantine measures, NET members urge European governments to immediately suspend blanket quarantine measures and travel restrictions.
The promising news of the UK Government's vaccine deal has offered a beacon of hope during this challenging time, but life is far from returning to 'normal' anytime soon. Now entering the recently announced enhanced restrictions of the 'tier system', and with the potential for further lockdowns in 2021, people are approaching Christmas with greater caution and uncertainty, and the hospitality industry is having to adapt during what is traditionally its most lucrative period.
Hotelogix, a leading enterprise-grade cloud PMS provider is pleased to share its successful initiative of running an online refresher Training programme that helps hotels keep their staff continuously well trained even amid the global pandemic.
The "Health & Wellness" sector could well be the answer to post-COVID redevelopment needs and looks set tobe one of the new vectors of growth and profits for hospitality destinations. EHL Advisory Services and HWS have combined their know-how to offer support in the development of impactful health and wellness solutions.
Despite TSA-reported air traffic numbers that reached pandemic records, hotel worker unemployment took a big hit after the Thanksgiving holiday, labor management data form Hotel Effectiveness shows.
In November, Scandic's average occupancy rate was approximately 20 percent due to extremely weak demand in all markets. Recently intensified rent negotiations have thus far led to agreements for rent reductions and offers for rent reductions from landlords totaling approximately 500 MSEK.
It wasn't too long ago that I would see international tourists walking the streets of Bangkok, even if it feels like a distant memory to me now. There were times when I was sure that tourist volumes were growing and, indeed, in 2019, Thailand experienced its biggest year of tourism in history with approximately 40 million international guests flocking to the country.
Reed Exhibitions today released its first 'COVID-19 and How it's Changing the Event Industry' White Paper, highlighting findings from its COVID-19 Customer Needs and Mindset Barometer, the largest and most ambitious research project ever undertaken by the company.
With the now real potential for a vaccine, we can begin to think about post - pandemic tourism. After Covid-19 becomes a tragic chapter in the history of tourism industry leaders shall have to find ways to rebuild the industry and to increase both the number of people traveling and regain profitability.
COVID-19 has, perhaps permanently, changed the landscape of our daily lives, prompting dramatic shifts in the way that businesses reach their customers, and how the public accesses products and services.
Marriott Bonvoy, Marriott International's travel program, announces the unwrapping of its global holiday campaign, spotlighting its portfolio of 30 leading brands and suite of offerings with a hopeful illumination of travel this season and into the new year.
In response to the changing landscape of the restaurant industry post-pandemic, Upfield Professional have commissioned a UK study which reveals new trends, as well as how chefs are feeling about the future of the industry.
Signs of hope for workers in the hard-hit leisure and hospitality field all but disappeared in November, and their prospects for getting rehired grow bleaker by the month.
The COVID-19 pandemic has forced all organizations to take a closer look at their travel risk policies. Protecting the health and safety of travelers highlights the increasing importance of having a Duty of Care plan.
The latest unemployment figures prepared for the U.S. Travel Association by Tourism Economics paint a dire picture: the travel-dependent Leisure & Hospitality industry is suffering from a 15% unemployment rate—nearly double the national level.
All hotels strive to improve and reduce costs on an ongoing basis. During the normal course of operations, hotels try to achieve this by implementing various techniques, such as using alternate products, implementing process improvements, enhancing inventory management, and evaluating more efficient equipment, which allow them to save certain costs during the year.
The Baird/STR Hotel Stock Index was up 31.0% in November to a level of 4,354. Year to date through the first 11 months of 2020, the stock index was down 17.4%. "Election clarity and several positive vaccine updates caused a sharp reversal in investor expectations and led to significant outperformance for hotel stocks during November," said Michael Bellisario, senior hotel research analyst and director at Baird.
Driven by its commitment to continuously listen to guests, customers and members, Hyatt announces an extension of its popular Work from Hyatt extended-stay package to include a new Office for the Day option now available daily through May 31, 2021, at more than 400 Hyatt hotels in the Americas.
COVID-19 has changed nearly every organization; it's certainly changed the business travel world. Despite benefitting from video conferencing services (e.g. Zoom, WebEx, and Skype) we have realized that what matters most is the human touch.
There was a collective sigh of relief in early November when Pfizer/BioNTech, Moderna and the Oxford-AstraZeneca team announced in rapid succession their news of vaccines with 90%-plus efficacy rates.
U.S. weekly hotel occupancy fell to its lowest level since late May, according to the latest data from STR through 28 November. 22-28 November 2020 (percentage change from comparable week in 2019):
The coronavirus pandemic has severely impacted the profitability of the global hospitality industry, which in turn has accelerated its digital transformation, both front and back of house. Thousands of revenue managers have been furloughed or made redundant, and many of those still employed are either having to work remotely or are now responsible for a cluster of hotels, instead of being dedicated to a single property.
ITB Berlin publishes new results of the second COVID-19 study of IPK international - Germans were very satisfied with their outbound travel experiences in times of Corona - Increase in travel intenti.
Humans aren't fond of change - it's deeply integrated in our DNA that we prefer the safe and known. But this year has promoted the exact opposite. The coronavirus has forced us to meet 'the new normal' and although we might not like it, we must embrace it in order to survive.
Forbes Travel Guide ("FTG"), the global authority on genuine Five-Star service, and Sharecare, the digital health company that helps people manage all their health in one place, today announced the first hotels in the world to successfully become Sharecare Health Security VERIFIED® with Forbes Travel Guide.
The COVID-19 pandemic had made an unprecedented impact on the global economy in 2020. The good news is the long-waited COVID-19 vaccines will soon become available. Let's hope that the coronavirus will disappear soon as we enter the New Year.
International business travel could restart if agreement is secured to safeguard journeys of up to 72-hours free from quarantines, says the World Travel & Tourism Council (WTTC).
The Mexican Market Report provides an insight of the current state of the Mexican economy, the tourism sector, and the evolution of variables that have a tangible influence on the hotel investment market amidst the COVID-19 pandemic.
U.S. hotel profitability hit double figures for the first time since February, and year-over-year comparisons improved slightly from the previous month, according to STR's October monthly P&L data release.
The number of destinations closed to international tourism has continued to fall. According to the eighth edition of the UNWTO Travel Restrictions Report, 70% of all global destinations have eased restrictions on travel introduced in response to the COVID-19 pandemic.
IdeaWorksCompany, the foremost consultant on ancillary revenue, and CarTrawler, the leading provider of online car rental distribution systems, project airline ancillary revenue will drop to $58.2 billion worldwide in 2020, compared to $109.
As the head of travel and tourism for Boston Consulting Group, Jason Guggenheim is used to troubleshooting on behalf of airlines and hotel companies when the road gets bumpy. Typically that means rethinking operations and carrying out restructuring efforts for sprawling resorts, cruise lines, online travel agencies, or big names in air travel.
Established in 2014, boutique hospitality group Salt Hotels is known for its design-led portfolio of independent properties, which include the Asbury and Asbury Ocean Club in Asbury Park, N.J., and the Salt House Inn and Eben House in Provincetown, on Cape Cod in Massachusetts.
The following is a statement from Chip Rogers, president and CEO of the American Hotel & Lodging Association, on the bipartisan, bicameral COVID-19 relief proposal released today by the Problem Solvers Caucus.
Eighty-seven percent of respondents to a recent survey—all of whom voted in the November 3 election—believe there should be another round of coronavirus-related relief from Washington, according to results released Tuesday by the U.
Today's hotel business models look entirely different from their predecessors. COVID-19 is just one earthquake that has jolted the landscape this year. The hotel industry must evolve and reinvent itself to exploit the opportunities and cope with the challenges it faces.
The immediate future of the hospitality industry in the wake of the coronavirus pandemic will be the focus of a summit hosted by the Florida Atlantic University College of Business this month.
The impact of the pandemic on every industry is undisputable. Travel and tourism are no exception. The pandemic has not only impacted the economics of these industries, but it has also changed the behaviors of consumers, most likely forever.
Hotels in Hong Kong are struggling to survive without overseas and mainland visitors. Facing a critical period of "life or death", hotels in Hong Kong have to swap its focus into local demand.
Continued political uncertainty leading up to the presidential inauguration, the speed of the business traveler's return after a vaccine, and the length and severity of a resurgence of the virus in Q4 and into 2021 are impacting lodging's recovery in the US.
Recent vaccine news - though being a cause for great optimism- may be making some people complacent, some scientific advisors have stated. Where there's complacency for some, there's anxiety for others.
A recent market study run by Coople, in cooperation with the independent market research institute GIM Suisse, indicates that more than half of Swiss businesses are planning to hire temporary workers in the near future.
The COVID Relief NOW Coalition, a new coalition of more than 300 major public and private sector groups, today released a new ad, "Economic Relief Can't Wait," imploring Congress to pass additional COVID economic relief during the current lame duck session.
With the aim of establishing actions and commitments to restart international travel, the World Travel & Tourism Council (WTTC) and the Spanish Government hosted a hybrid conference, where leaders from the industry both from the public and private sector participated, covering 95 countries and more than 100 Travel & Tourism companies.
The coronavirus will fundamentally alter the way people travel for and conduct business, even after the pandemic is over, Microsoft co-founder Bill Gates said Tuesday.
Travel remains complicated while the COVID-19 pandemic continues around the world, and the Centers for Disease Control and Prevention (CDC) still recommends staying home for your own safety as well as for others.
A fascinating look at the role of robots during the COVID pandemic. So far, they have been proving very useful in the medical sector, but their practical uses could be stretched to many other industries.
In many countries globally, we are seeing second waves and there may be more to follow. We are beginning to see light at the end of the tunnel with the highly-promising emergence of vaccines with but there may be insufficient supply, at least initially, of a single vaccine.
The Committee for the Development of an International Code for the Protection of Tourists has met for a second time, bringing the establishment of the landmark legal framework a step closer to being realized.
Following a BITAC webinar presentation titled, "The Future of Technology for the Post-Pandemic Hotel" which outlined five key ways that hotels can upgrade their tech stack right now to improve operational efficiency heading into 2021, Larry conducted a quick Q&A with Hotel Community Forum's editor-in-chief Dennis Nessler.
In the last few weeks, the Indian hotels sector has started to witness green shoots of recovery driven by the growth of leisure tourism and the onset of the festival and wedding season in the country.
Singapore will not be able to rely on domestic tourism as only 176,000 domestic trips took place in 2019 when compared to 14.5 million international arrivals. Therefore, the country hosted the first physical travel trade show (Travel Revive) in Asia since the COVID-19 outbreak to boost inbound Meetings, Incentives, Conferences, Exhibitions (MICE) tourism.
HOTREC, the European umbrella association of Hotels, Restaurants and Cafés, and its trade union counterpart EFFAT, the European Federation of Food, Agriculture and Tourism Trade Unions, call upon the EU and Member States to follow a range of proposed measures to put the hospitality sector back on track.
Medieval architects, deserted towns anwhat sounds like the ingredients for a horror movie could actually be the recipe for the perfect COVID-era hotel.
In the five months since the Second Australian Hotel Sentiment Survey in mid-May 2020, the COVID-19 pandemic has continued to severely impact on the hospitality industry across the globe and at home.
UAE residents are already gearing up for a busy year of travel in 2021, according to new research conducted by Hilton in the UAE.
Duty of care for companies is typically focused on protocol and practicalities such as travel alerts and tracking. But there's no doubt that the link between mental health, lockdowns, and the associated uncertainties of the pandemic is real.
I had my first ART yesterday. I wished I could say this involved me splashing blobs of paint on a blank canvas like Pollock or Picasso; rather it was having cotton buds stuck up my nostrils. Honestly, the Antigen Rapid Test wasn't as bad as I had feared, it felt more like the tingling you get from overdosing on good wasabi.
The World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, hosted its first ever virtual AGM, attended by more than 120 CEOs from across the globe, to discuss the progress made so far, the challenges our sector has faced through this pandemic, and the importance of international collaboration.
The breaking news on the successful trails of COVID-19 vaccine has boosted hotel companies' stock price and valuations. However, hotel owners still need to focus on cash reserves in this unprecedented pandemic crisis.
In conjunction with The Hotel School at Cornell University, William Carroll published this white paper on October 1, 2020.
More huge losses are looming for the airline industry as carriers brace for the COVID-19 crisis to extend well into 2021.
The UK government's latest move that will slash the travel quarantine lockdown if passengers test negative on the fifth day, will provide a much-needed economic boost and is a step towards reviving international travel, says the World Travel & Tourism Council (WTTC).
Hotel insolvencies caused by the pandemic are likely to increase through 2021 according to experts speaking at a global webinar held 24 November organized by HVS, AlixPartners, Bird & Bird and EP Magazine.
The U.S. in October shed the ignominy of being the only global region to have not recorded a positive month of profitability since the start of the COVID-19 pandemic. The country finally reached gross operating profit per available room (GOPPAR) above $0, but at $5.
U.S. weekly hotel occupancy continued to slip further from previous weeks, according to the latest data from STR through 21 November. 15-21 November 2020 (percentage change from comparable week in 20.
Despite registering a weak uptick for the second consecutive quarter, the Deloitte consumer confidence index continued to trend at record low levels in Q3 2020. The index gained one percentage point quarter on quarter, to -16%, as the partial reopening of the hospitality sector helped to brighten the mood of consumers during the summer months.
According to the European Commission's Communication 'Europe's moment: Repair and Prepare for the Next Generation', travel and tourism is one of the most affected ecosystems by the COVID-19 pandemic and requires € 161 billion worth of investment to bounce back to pre-crisis levels.
Minor International is a hospitality industry powerhouse. Based in Bangkok, Minor operates more than 530 hotels in 56 countries, with a large presence in Asia (where it operates chains across the region, including the Anantara luxury hotel brand), Europe (where it runs the NH chain of hotels), and Africa.
As Thanksgiving approaches, so do the traditional sales days of Black Friday and Cyber Monday. But this year, many businesses are stretching out their sales to start earlier and last longer, including many hotels.
Travel will begin to pick up in 2021 but the sector is not expected to fully recover from the impact of the coronavirus (Covid-19) crisis before 2025, according to a study of global tourism industry research company Phocuswright.
Total U.S. Hotel Demand across all rate categories has dipped through the beginning of November. Increases in cases across the country and corresponding impact on both consumer/traveler confidence and tangible social/travel restrictions will continue to temper demand.
The hospitality industry has endured tremendous shifts and disruptions over the past year, forcing businesses to rapidly implement innovative trends that will reshape the future of hospitality.
Back when we were all naïve enough to think that 2020's biggest headache would be a seemingly endless year of political campaign ads, hotels and resorts in the U.S. were poised to enjoy the fruits of a robust economy.
It would be easy to assume that 2020 couldn't get much worse for Glenn Fogel. In February, the boss of Booking Holdings was already scrambling to keep up with waves of cancellations. Millions were pulling their travel plans over fears of Covid-19, and the sector was bracing for a severe downturn as holidaymakers were told they would need to self-isolate.
The COVID-19 pandemic has brought in many new realities. The ever-evolving hospitality world has received the biggest setback in revenue generation and costs remain high. With travel at its record low, hotels need to remain agile, and they need to be at the forefront to manage different customer groups with a speed that has never been exercised before.
As we approach the holiday season, American travelers have an abiding desire to travel, even as the country navigates the challenges of the pandemic, and a future trip—particularly domestically and with family members—remains a priority, according to a recent poll by the market research firm Destination Analysts.
With the pandemic driving people to spend more time at home, avoid air travel, and change their spending habits, businesses can expect to see a shift of more than US$3 trillion in economic value, according to Accenture (NYSE: ACN).
According to the latest published Construction Pipeline Trend Report for the Middle East, analysts at Lodging Econometrics (LE) state at the end of the third quarter of 2020, the hotel construction pipeline in the Middle East declined again to 579 projects/168,042 rooms.
COVID-19 has dramatically changed every aspect of life as we knew it, including the way we conduct our business. Though demand will be subdued for the near to medium term, we expect the industry to regain its 2019 glory in the next 2-3 years, making this an opportune time to invest in hotels.
It's hard to underestimate the importance of group business for the hotel industry. Groups contribute revenue to rooms, F&B, and other departments of the hotel. Many properties in the urban markets depend on the group business to survive.
The Asia Pacific hotel industry reported its best performance levels since the first quarter of the year, according to October 2020 data from STR.
Hotels in both the Middle East and Africa recorded their highest absolute occupancy level since February, according to October 2020 data from STR.
Reflecting the impact of a second lockdown, Europe's hotel industry reported slight performance decreases from the prior month, according to October 2020 data from STR.Euro constant currency, October.
One feature of post-COVID New York City just may be large, hulking, dark buildings, a legacy of the hotels that have or will have closed permanently due to an extreme revenue shortage brought about by lockdowns that deprived them of their clientele.
Italians are warm people but we have put aside, for a while, the handshakes and hugs that are our dearest habits. We are on the MSC Grandiosa, the major first cruise ship to depart since lockdown began in Europe.
It's a new era in hospitality, and hotels and resorts operating in a COVID-19 world will need to reevaluate the way they conduct business in order to survive. SevenRooms' latest report, entitled 'Beyond the Booking: Meeting & Exceeding Hotel Guest Expectations'—based upon a recent poll of U.
For travelers looking to book a flight or hotel room, Booking.com and Expedia.com look a lot alike. Yet the two fared very differently when the coronavirus pandemic shut down travel, thanks to different strategies behind their websites.
On September 23, a panel of hotel industry leaders joined Kate Walsh, dean of the School of Hotel Administration and E. M. Statler Professor, for a webinar titled, Innovating for a Post-Pandemic Future: Challenges and Opportunities in the Hospitality Industry.
First and foremost, we are delighted to welcome aboard our new first mate in producing the Monitor series, HotStats — the global navigators of hotel performance data. In an operating environment marked by depressed revenue and expense structure fluidity, charting the top line just doesn't cut it.
Microsoft co-founder Bill Gates predicts that over 50% of business travel will disappear in the post-coronavirus working world. On top of that, he also predicts that "30% of days in the office will disappear.
As hotels across the world continue to grapple with the pandemic, they are becoming increasingly creative in their approaches. Over the last few weeks we have seen a broad range of hotels announce that they are reimagining their spaces and services to offer rooms on a more flexible basis to business workers and leisure travelers looking for a change of scene.
With tens of millions of Americans expected to travel for Thanksgiving next week despite spiking COVID-19 infection numbers nationwide, the U.S. Travel Association on Thursday released an update to its guidance for healthy and safe travel—along with a plea for everyone to closely heed recommended best practices if traveling.
It's clear now that it will not be business as usual for hotels and there was plenty of discussion on the future of marketing. What does the future look like? Especially now that COVID-19 crisis is driving long-term changes in travel.
Vicki Culpin is an author, a Ted talker and Professor of Organisational Behaviour at the world renowned Ashridge Executive Education Business School in Hertfordshire England. In this Podcast she discusses with Elton Mouna, and details practical examples of self-care in a time of crisis lead to resilience and to good quality business decision making.
A year after delisting from the London Stock Exchange, Millennium & Copthorne Hotels Limited (M&C), a global hospitality leader, disclosed major initiatives that will prepare it for a recovery by as early as 2021 from the recent challenges caused by the COVID-19 pandemic.
U.S. weekly hotel occupancy slipped further from previous weeks, according to the latest data from STR through 14 November. 8-14 November 2020 (percentage change from comparable week in 2019):
Tripadvisor®, the world's largest travel platform, and Phocuswright, the leader in global travel market research, today jointly released the findings of a comprehensive new research paper into the shifting trends in global travel demand and traveler behaviors, charting the industry's road to recovery in the wake of the ongoing pandemic.
Third-quarter results for public company brands showed marked improvement from the lows of the second quarter, which included widespread lockdowns, strict gathering restrictions, and extreme curtailing of corporate travel.
A transatlantic passenger flight that, even in the age of United Airlines flight 14 from Newark which landed at Heathrow Airport early on Tuesday seemed to be exactly that.
The U.S. hotel industry showed slightly lower performance from the month prior, according to October 2020 data from STR.
With a resurgence of COVID-19 and renewed travel restrictions enacted in many states, a new survey of American Hotel & Lodging Association (AHLA) members shows that the hotel industry will continue to face devastation and significant job loss without additional relief from Congress.
This week, it was announced that two vaccine candidates have an over 90% effectiveness rate against the COVID-19 virus. This is incredibly good news for the travel and hospitality industry struggling under the weight of this unprecedented event.
October U.S. monthly meetings and events volume showed growth of 53.6 percent over the previous month, according to the latest data from Knowland, the leader in group hospitality analytics for hotels, convention and visitor bureaus, conference centers and other meeting venues.
Aimbridge Hospitality, the leading, global, third-party hotel management company, announced a collaboration with the International WELL Building Institute (IWBI), enrolling the first 100 portfolio hotels in the WELL Health-Safety Rating for Facility Operations and Management, building a foundation for enrolling additional properties from Aimbridge's vast portfolio.
Due to the ongoing travel restrictions and the circumstances around the current pandemic situation, ITB India organiser has decided to hold the inaugural ITB India 2021 as an entirely virtual event, set to take place from 7 - 9 April 2021.
HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.
This year has reshaped the hotel industry in ways never before imagined. It seems every government action meant to help stem the tide of COVID-19 transmission hammers the hospitality industry more than any other.
Click here to download the full report
As 2020 winds down, 81% of Americans say they are especially grateful for their family this year, according to new research from Motel 6. Today, the economy lodging brand released its third annual holiday travel survey, revealing that on average, Americans have not seen their extended family in five months.
As the United States faces a growing number of COVID-19 cases, surpassing 10 million in early November, lodging markets across the country continue to face unprecedented declines in demand. Through October, the Boston & Cambridge lodging market has experienced some of the steepest declines in demand and revenue across the country's top-25 markets according to STR.
Travel spending in the U.S. is expected to finish the year 45% down from 2019 levels, and will still not have returned to its pre-pandemic strength by 2024, according to the latest figures released by the U.
Tanya Pratt from Oracle Hospitality and I discuss the data they found in their recent survey in partnership with Skift about the recovery of the hospitality industry. In this first episode of a two p.
In addition to the large human cost that COVID-19 has had on the world, its effect on the hospitality industry has been unprecedented. Because COVID has taken more jobs out of the office and further online, companies have been forced to look at how they can keep their teams united in the virtual workplace.
The first major conference in the 'new normal' of the COVID-19 world will take place in Cancun, Mexico on 23-25 March 2021, hosted by the World Travel & Tourism Council (WTTC).
With COVID-19, our world is evolving rapidly, but the need to live in harmony with our environment has not changed. As we face a global pandemic, we are seeing the rollback and reversal of environmental progress.
With our extraordinary downturn in hospitality and travel, I sought out a corporate business traveler, a frequent flyer, road warrior extraordinaire and someone in our global travel industry who occupies the C-Suite.
Ron Ashkenas is a Connecticut based internationally recognised expert on organisational transformation, simplification and innovation. In this Podcast he discusses, with Elton Mouna, and details practical examples, of why now more than ever is a time for innovation and why he advocates innovating with urgency.
Without a doubt, 2020 has been an unprecedented year … and it's not yet over. While it would be unfair to say that the hospitality and tourism sectors were hardest hit when the struggle has been global, this year has certainly forced us to face up to inevitable questions around our future survival prospects.
The party of 12 entered the pancake house in Murray, Utah, in the middle of the busiest shift on the busiest day of the week. In they came with rowdy young children, big appetites, and lots to talk about.
While speaking at the FICCI webinar on 'Future of Travel, Hospitality and Tourism Industry and the Way Forward', Professor Chekitan S Dev, School of Hotel Administration, Cornell SC Johnson College of Business, suggests that viewing the Covid-19 crisis as an opportunity will help the travel and hospitality industry learn new ways to survive and thrive in a 'better normal' world.
There are many things we couldn't have imagined doing a year ago - wearing a surgeon's mask to buy groceries, working solely from home, and embracing tasks we once loathed. Along with filing taxes and tackling the kitchen junk drawer, getting approval for a trip used to be a tedious but necessary part of life.
Singapore-Hong Kong Air Travel Bubble to Start on 22 November 2020, Philippines Eases COVID-19 Hotel Restrictions and Lifts Foreign Travel Ban, Radisson Hotel Group Welcomes the Ninth brand, Alta Capital Real Estate Announced a New Hospitality Portfolio.
Ambassadors to Spain from the region of Europe gathered last Friday for a high-level meeting with the Secretary-General of the World Tourism Organization (UNWTO). The virtual meeting with Secretary-General Zurab Pololikashvili focused on the timely and responsible restart of tourism across the continent.
New U.S. hotel industry forecasts from both STR and HVS anticipate that the full-year occupancy level will end the year at around 42 percent, according to information presented by the companies at Thursday's New York University International Hospitality Industry Investment Conference.
The global pandemic has canceled or delayed most travel plans for 2020. Now that we're in the waning weeks of the current calendar year, all eyes are looking to 2021. Specifically, many are wondering how a Biden presidency will impact their travel plans and the travel industry.
Guided excursions have long been at the heart of travel, but like everything else, the pandemic disrupted such experiences, and many went virtual. But as travel begins to tick up, existing tour companies are adapting to social distancing in other ways.
With leisure demand stronger than anticipated in the fall, STR and Tourism Economics slightly upgraded the final 2020 U.S. hotel forecast just released during the virtual NYU Hospitality Conference. Regardless of the short-term upgrade, the forecast for 2021 remains functionally unchanged and full recovery in revenue per available room (RevPAR) is unlikely until 2024.
Reflecting the impact of a second lockdown, Melbourne showed continued lower hotel performance in October 2020, according to preliminary data from STR.Year-over-year declines remained significant. Co.
Jeddah's hotel industry reported mixed performance in comparison with recent months, according to preliminary October 2020 data from STR. Year-over-year declines in the key performance metrics remain.
STR's preliminary October 2020 data for London hotels showed relatively flat occupancy compared with the previous month. Year-over-year declines remained significant. Comparison with October 2019:
COVID has turned online travel from a game of inches to one of millimetres, said Timothy Hughes, vice president corporate development of Agoda, paraphrasing an oft-quoted phrase of former Expedia CEO Dara Khosrowshahi.
