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.
The World Tourism Organization (UNWTO) has again convened its Global Tourism Crisis Committee to lead the sector in harmonizing travel and health protocols and securing vital financing for businesses struggling to survive an historic crisis.
After more than a year of quarantines and social distancing, the world is on the verge of opening back up since hundreds of millions of people around the globe have received a COVID-19 vaccine. IBM's Institute for Business Value polled more than 15,000 adults worldwide in February to gather opinions on everything from the workplace of the future, social trends, shopping and travel in a post-vaccine world.
A year into the pandemic, leisure travel appears to be picking back up, but many expect business travel won't come back in the same way — a disappointing projection for the nearly two-thirds of business travelers who enjoy their jobs less while grounded.
Widespread availability of Covid-19 vaccines could be a matter of weeks away in the United States, which will be a key component of corporate travel industry recovery but also is presenting new policy, technology and ethical considerations with which corporate travel programs must grapple.
The coronavirus pandemic gut punched the travel industry as people stayed home and businesses shut down. But as the number of vaccinations rises and lockdown restrictions lift, consumers are searching for vacation getaways in record numbers, new data suggests.
COVID-19 sparks a dramatic 46.9% collapse in the sector's contribution to GDP More than 440,000 jobs lost, while many more remain protected by the Kurzarbeit schemeHowever, the return of internationa.
Prior to the COVID-19 pandemic, Downtown San Antonio was enjoying a decade of revitalization and growth. The year 2020 was poised to be a banner year, spurred by the Henry B. Gonzalez Convention Center's $325-million renovation and expansion, which was completed in January 2016.
McNeill Hotel Company announced today the completion of the company-wide roll-out of an innovative hotel sales training and coaching program, entitled Hotel Sales Skills for Remote Buyers, delivered by Kennedy Training Network, Inc.
Four Seasons Hotels and Resorts, a global leader in luxury hospitality, is making it easier to bring people together by combining in-person and virtual settings in a reimagined meetings and events offering.
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The World Travel & Tourism Council's annual Economic Impact Report (EIR) today reveals that the dramatic collapse of the UK's Travel & Tourism sector has wiped out a staggering £148 billion from the UK economy.
Following the announcement that Australian and New Zealand residents will be able to travel between the two countries with no quarantine restrictions from the 19 April 2021 onwards;
The buzz of in-person events is on the rise and the Hunter Hotel Investment Conference is leading the way as one of the first industry conferences to return in 2021- taking place Monday, May 10th through Wednesday, May 12th.
Travel Association President and CEO Roger Dow issued the following statement on Friday's announcement that the Centers for Disease Control and Prevention (CDC) will substantially relax the guidance .
The U.S. Leisure & Hospitality sector gained 280,000 jobs in March and the industry's unemployment rate now stands at 13.0%—compared with 916,000 jobs gained and a 6.0% unemployment rate for the overall economy, according to the monthly employment report released Friday by the Department of Labor.
Blackstone to Acquire Eight Hotels from Japan's Kintetsu, Beachcomber Hotel Acquired by Oscars Hotel Group for AUD20 Million in Australia, Australia Lifts Travel Ban on New Zealand Ahead of the Trans-Tasman Travel Bubble, Third Round of South Australia Travel Vouchers to Boost Tourism.
Visiting London ranks high on the wish-list of many people around the world who want to explore the town, and yet many native Londoners rarely venture beyond the river to see the other side of their city.
The pandemic has fast‐forwarded guest technology plans as hotels across the world have taken steps to minimize all possible touchpoints. The go‐to guest apps have been those that enable online or contactless checking in, menu lookups or digitally executing guest in‐room requests.
Marriott International, Inc. today announced the debut of a pilot program for contactless arrival kiosks at several select-service hotels, as well as the launch of a proof-of-concept for contactless grab-and-go marketplaces at two Fairfield by Marriott hotels.
Situated at the top of the Valle del Boite, the Northern Italian resort of Cortina is blessed with 360-degree views of the Dolomites.
If there is one group least likely to attract public sympathy for the challenges of the last 12 months it's probably corporate leaders. But it has been a tough pandemic for those at the top. Many have had to make and implement very difficult decisions, as well as displaying extraordinary versatility in responding to changing circumstances at rapid pace.
The UK is witnessing a tentative re-opening now that we are at the end of March. Monday 29th saw the end of the Stay At Home rule in England and the fresh ability to meet up in private gardens. Frustratingly, this lifting of restrictions does not include hospitality's super clean and COVID safe premises until April 12th 'at the earliest'.
Due to the coronavirus pandemic, many companies have opted to send the majority of their workforce to work from home to comply with government regulations aimed to mitigate the spread of the virus.
The World Travel & Tourism Council (WTTC) - together with the world's largest cruise company, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), and the leading global hospitality company Hilton Worldwide Holdings Inc.
Sharp declines in revenue caused by the pandemic coupled with a more cautious approach to lending has prompted hotel valuations to fall over the past 12 months, although not as steeply as some had initially anticipated.
The 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 remain cautious as the World Tourism Organization (UNWTO) continues to call for stronger coordination on travel protocols between countries to ensure the safe restart of tourism and avoid another year of massive losses for the sector.
Rapid testing on departure at airports is the key to unlocking international travel, says the World Travel & Tourism Council in its submission to the UK government's Global Travel Taskforce.
Prior to the onset of COVID, San Francisco was amid a tech-driven renaissance that placed the city and the nine-county San Francisco Bay Area as one of the top-growing metro areas over the last decade.
Loews Hotels & Co announces they are one of the first hospitality brands to receive the WELL Health-Safety Rating for Facility Operations and Management through the International WELL Building Institute (IWBI), the global authority on healthy buildings.
The continued rollout of COVID-19 vaccinations and additional stimulus funds have strengthened the foundation for the recovery of the U.S. lodging industry. According to the February 2021 edition of Hotel Horizons®, CBRE Hotels Research is forecasting an average national occupancy level of 43.
After a long and grueling 12 months, spring has finally arrived in New England and with it, renewed hope for its lodging markets seems widespread across all six states. Although very little improvement has materialized through Q1 of 2021, there are many indicators that growth in lodging demand is around the corner.
The factors that drive the pricing of hotel rooms across the globe become more pronounced during a downturn, but the ways in which those factors play out have shifted due to the COVID-19 pandemic — a crisis like no other the hotel industry has experienced.
The popularity of homestays has increased manifold in the post-COVID era when social distancing, cleanliness, hygiene, and privacy have become the top priorities for travelers.
The Asian Development Bank (ADB) partnered with the UN World Tourism Organization (UNWTO) to lead a conversation on what the COVID-19 pandemic's impact on global tourism means for development across the Asia-Pacific region.
With tourism a leading employer and economic pillar for many of the SIDS, the United Nations specialized agency has stressed that pledges to ensure 'nobody is left behind' in the recovery phase of the crisis must be backed up with firm actions.
As the hospitality industry awaits the return of travelers, the government's Paycheck Protection Program has helped many hotels weather the COVID-19 storm. D.J. Rama, Auro Hotels, Chip Rogers, American Hotel & Lodging Association, and CBRE's Bob Webster, join Spencer to discuss PPP's impact and the potential timing of the sector's recovery.
Laurent A. Voivenel, Senior Vice President - Operations & Development, EMEA & India; Senior Vice President - Group Human Resources & Talent Development, Swiss-Belhotel International participated earlier this week in the Global Hotel Data Conference organised by STR.
Channel distribution for hotels was chaotic prior to the pandemic and it will be just as cumbersome once recovery begins in earnest. This is entirely due to COVID-19 whereby new guest behaviors and travel needs have inevitably led to new methods and channels for finding accommodations.
Due to an abundance of low-cost connectivity and an increased preference for travel closer to home, the intra-regional tourism will play a key role in revitalizing the ASEAN countries' tourism economies, says GlobalData, a leading data and analytics company.
In 2020, U.S. hotels suffered the worst year of operating performance since CBRE began tracking profitability in 1938. During the year, the average hotel in CBRE's monthly survey of U.S. operating performance experienced a 78 percent decline in Gross Operating Profits (GOP) and achieve the lowest GOP margin (19.
The World Travel & Tourism Council's annual Economic Impact Report (EIR) today reveals the full devastating impact of COVID-19 had on the global Travel & Tourism sector last year, which suffered a massive loss of almost US$4.
COVID-19 has accelerated the digitization of the travel agent model, creating more shop closures as in-store agencies switch operations online. This is a necessary adaptation to changing consumer preferences, says GlobalData, a leading data and analytics company.
Billionaire investor Barry Sternlicht told CNBC on Wednesday the U.S. travel recovery is well on its way — at least in parts of the country like Florida — after a Covid-induced slowdown.
As yet another problem that hoteliers have to reckon with during this pandemic, we must figure out how to deliver exceptional service to our guests without any significant degree of face-to-face contact.
Both private and government buyers are finding real estate conversion opportunities with U.S. hotel owners who are reevaluating the highest and best use of their properties due to the COVID-19 pandemic.
The launch of China's International Travel Health Certificate on March 8 was music to the ears of frequent travelers like Victor, a 30-year-old financier based in Hong Kong. "I'm healthy, I'm protected and I'm also safe to be around," he said.
Fueled by Covid vaccines, flexible cancellation policies and people yearning to break free from home, the summer travel season is already booming for some parts of the travel industry.
The American Hotel & Lodging Association (AHLA) and the American Hotel & Lodging Foundation (AHLA Foundation) today honored the women and men across the country who selflessly led their teams and supported their communities during a year unlike any other with the 2021 Stars of the Industry Awards Ceremony.
At the outset of the COVID-19 pandemic, few hoteliers really understood the width and breadth of the crisis.
The American Hotel & Lodging Association (AHLA) today expressed support for bipartisan legislation introduced by U.S. Representatives Bill Posey (R-Fla.) and Charlie Crist (D-Fla.) that would require the General Services Administration (GSA) to set a floor for FY22 and FY23 federal per diem rates at those established for FY20.
The World Travel & Tourism Council is delighted to announce "Uniting the World for Recovery" as the key theme for its annual Global Summit, taking place in Cancun, Mexico next month.
Financial situations worsening for consumers has been widely discussed amid the COVID-19 pandemic. However, many consumers managed to bypass this financial squeeze and have incidentally become efficient savers.
At the beginning of 2020, the future of Boise's hospitality industry looked bright given the anticipated arrival of Amazon to the Treasure Valley and a robust 2020/21 convention and event schedule on the books at the Boise Centre.
In the U.S., 72% of hotels are affiliated with a brand. Ever since Kemmons Wilson started his first Holiday Inn in Memphis, Tennessee, in 1952, the makeup of the hospitality industry has become more and more heavily focused on brands.
As travel companies eye industry recovery, they are also watching what consumer behaviors, triggered by the pandemic, might stick around in longer term.
Almost 365 days ago to the day last year, America first realized what life looked like without everything that we'd always taken for granted.
Gloria Guevara, President & CEO, WTTC said: "The World Travel & Tourism Council (WTTC) calls upon governments across Europe to ramp up the rollout of vaccines following regulators giving their approval for the safe use of the AstraZeneca vaccine.
One year after the pandemic decimated global tourism, Horwath HTL Indonesia and C9 Hotelworks, take a quick look at full year 2020 hotel market performance and demand trends in Bali.Bali hotels have struggled to keep afloat, domestic tourism has provided a lifeline but hotel performance hit rock bottom.
The rapid rollout of vaccines in key markets could unleash demand for business travel this year. Nevertheless, hotel rates are expected to fluctuate like a lottery machine and some of the effects of a yearlong strain on the resources of hoteliers and corporates alike, are only being felt now.
In one of many entertaining scenes from the 1981 war comedy "Stripes," peak Bill Murray cajoles peak John Candy to mud wrestle a trio of scantily clad women in a bar. You can imagine what ensues, and if you can't, the internet does.
Travel's economic footprint in the United States shrank a staggering 42% last year, from $2.6 trillion to $1.5 trillion, according to new end-of-year totals prepared for the U.S. Travel Association by the research firm Tourism Economics.
Profound change in the Meetings and Hospitality Industries is on the verge. Hybrid conferences, food and beverage offerings and new cleanliness and service protocols will scramble current standard operating procedures, profit and loss statements, staffing, pricing and the definition of Luxury.
"You take the business wherever and whichever way it comes, but you need to be prepared to serve it," started Andrew Carey, CEO of Newport Hospitality Group (NHG), during our latest conversation. Having known Carey for over two decades, I reconnected with him to deep dive on how the company and its managed properties were fairing during these topsy-turvy times.
Gloria Guevara, President & CEO, WTTC said: "The World Travel & Tourism Council (WTTC) and its Members say the proposal from the European Commission, which would see all EU member states adopt the Digital Green Certificate, is a major step towards the recovery of Travel & Tourism in the region.
As America hurtles toward a post-pandemic future, some pre-2020 customs won't survive the transition. Chief among those up for re-evaluation: business travel. On the latest Pivot podcast, Scott Galloway and Kara Swisher discuss whether the corporate-funded journeys of the past make sense anymore.
The coronavirus vaccine is becoming available to more people across the United States and the world. Given the uptick in travel, it seems that more people are becoming confident to travel once they become fully vaccinated.
It was a terrifying proclamation. In the second week of March 2020, the World Health Organisation declared the Covid-19 outbreak to be a pandemic. Initially there was both fear and confusion at many workplaces until, three days after the spring equinox, the UK government decided to impose a lockdown and many of us heaved a sigh of relief.
With many countries or states already requiring a negative test to travel, the concept of a resort bubble provides one more layer of assurance as more Americans demonstrate comfort in traveling to destinations that make visitors feel safe.
The "Plague Island" headlines splashed across the front pages said it all.With its out of control infection rates and deaths heading past the 125,000 mark, the UK started 2021 as Europe's Covid pariah.
The new Kayak Miami Beach will serve as an innovation lab for technologies like touchless check in, digital door locks, and a robust mobile app that will let guests connect with hotel staff virtually through their phones.
Gloria Guevara, President & CEO, WTTC states: "This incredible stimulus package will be welcomed by Travel & Tourism businesses across the U.S., many of whom are struggling to survive. This package promises a much-needed boost while the COVID-19 pandemic continues to ravage the sector.
The Washington, D.C. lodging market has historically been one of the most stable of the major U.S. markets given its status as the hub of national political affairs and the center of governmental action and policy, while also playing a major role in international affairs.
In the aftermath of the ongoing pandemic, brand signings by keys in India witnessed a year-on-year decline of 42% in 2020. Signings were especially low in the first half of the year, due to the uncertain market conditions and challenges related to closing deals on virtual platforms because of the COVID-19 lockdown and restrictions.
Added safety for conferences: Anyone holding a meeting, conference, trade fair or even a wedding at Kempinski Hotel Frankfurt can book rapid antigen tests for participants. "We have set up a mobile rapid testing station in the treatment rooms of our Country Club & Spa, where guests can be tested directly before an event or a meeting to determine whether they are infected with the coronavirus," reports Hotel Director Karina Ansos.
Deutsche Hospitality is the first major hotel company in Germany to instigate free rapid testing for all its front-line staff. The project will be launched over the next two weeks. A weekly nasal swab or saliva specimen test will be made available to around 3,500 staff who work for the group's brands that are represented in Germany - Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City and IntercityHotel.
The Lifestyle segment's success has been rewriting the rules in the hospitality sector for several years now. The health crisis hasn't dampened the segment's appeal: it is actually seeing the steadiest growth rates in the sector around the planet.
Exhibitors, trade visitors, buyers and the media offer a positive assessment of the virtual events that took place in the week from 8 to 12 March - Keen interest in networking - High international pa.
The pandemic has irrevocably changed the food and hospitality sector and, with government restrictions set to be lifted in the not-too-distant future, food safety challenges are at the forefront of the minds of businesses gearing up for the sectors reopening to the public.
As the United Nations specialized agency leads the restart of global tourism following the unprecedented crisis caused by the COVID-19 pandemic, three virtual events brought together voices from across the sector at the leading trade fair.
The U.S. Travel Association on Friday voiced strong support for the PPP Extension Act of 2021, a bipartisan and bicameral bill that would implement the Paycheck Protection Program extension U.S. Travel has pushed for as an essential part of economic relief.
The Hong Kong Tourism Board (HKTB) announced a series of flexible short-term and medium-to-long-term strategies to prepare for the return of tourists, attract high-yield visitors, and drive the sustainable growth of the tourism industry.
Almost a year ago, the Pandemic changed the narrative in every aspect. Across the hospitality, ecosystem hotels had to undergo the exercise of number crunching and reviewing multiple scenarios to arrive at a future outlook.
World leading augmented hospitality group Accor announced today a partnership with the leader in next-generation digital healthcare technologies x.labs to provide COVID-19 testing options to leisure guests and groups across all Accor-managed hotels in the U.
Singapore has launched a travel "bubble" business hotel that allows executives to do face-to-face meetings without a risk of exposure to the coronavirus, in one of the world's first such facilities.
The Australian government unveiled a A$1.2 billion ($928 million) tourism support package on Thursday, aimed at boosting local travel while international routes remain closed because of the coronavirus pandemic.
We've had pre-travel testing, quarantine on arrival and "covid-free" flights. Now comes something new in the travel industry's battle against the pandemic: "covid-free" trains.The concept is being launched in Italy, the first European country to be hit hard by Covid-19, which, one year on, is in the grip of a feared third wave.
As the meetings industry continues to confront the profound changes and challenges brought about by the COVID-19 pandemic, BENCHMARK®, a global hospitality company, is launching a visionary new educational initiative to help meeting planning professionals.
The Southern California hotel workers' union today launched a new website, "COVIDHotelGrade.org" to alert Los Angeles County hotel guests which hotels have key guarantees in place during the COVID-19 pandemic.
This week marks the one year anniversary since the World Health Organization declared COVID-19 a pandemic. In early 2020, as travel came to a halt and communities worked to address the global health crisis, we heard from countless Hosts around the world who wanted to open their homes to first responders and frontline workers fighting the spread of COVID-19.
AS borders around the world continue to flip-flop in the face of the pandemic, the travel & tourism industry is putting its collective force behind health passports in a bid to revive travel. Simply put, health passports would allow the industry to assess travelers based on their recently uploaded health and vaccination status, particularly pertaining to COVID-19.
Gloria Guevara, President & CEO, WTTC said: "The World Travel & Tourism Council (WTTC) and its Members praise the Greek government for its tremendous efforts and strategic steps taken to restart international travel from 14 May.
Among all the challenges the COVID-19 pandemic created for the hotel industry, determining layoffs and furloughs of employees was among the toughest for hoteliers. A further complication was determining what support those still on the job would need.
The COVID-19 outbreak began affecting the New York City lodging market in late February 2020 and, in the months that followed, led to the virtual dissipation of traditional sources of lodging demand. As an international gateway city, the complete stoppage of inbound international flights and travelers is of particular note.
The pandemic has brought every hotelier to see our industry differently. How will the industry change after this? The best way to imagine the future, maybe, is to look into its past and present.
Euronews, Europe's leading international news channel who recently launched Euronews Travel, has released results from an exclusive poll conducted by Redfield & Wilton Strategies for Euronews in Germ.
U.S. Travel Association President and CEO Roger Dow issued the following statement calling on Congress to prioritize enhancements to the Paycheck Protection Program as a critical element of economic .
In the December edition of the Lodging Market Overview by Horwath HTL Atlanta, Weekly Room Night Demand brought demand levels back to June 2020 after continued declines starting in October.
It has been a challenging year for everyone, and the meetings and events industry has been particularly hit hard by the pandemic. We are seeing light at the end of the tunnel now that vaccinations have begun, however we still have some time to go before we return to normality and as venues are not yet permitted to operate at full capacity, the world of business events will still look very different for the time being.
This article aims to give you a complete overview of the Culinary Arts industry, the trends that drive it and the professional opportunities.
Distressed hotel owners may need to wait until 2024 to see a full rebound.
Hyatt Hotels Corporation (NYSE: H) announced plans to explore VeriFLY + Stay, a mobile health passport for the hospitality industry using the VeriFLY app that provides verification of COVID-19 credentials and travel guidelines.
American Express (NYSE: AXP) released the American Express Travel: Global Travel Trends Report today, which provides unique insight into consumer sentiment toward travel nearly one year after the COVID-19 pandemic began.
MCLEAN, Va. - Event planners continue to look to hospitality industry leaders for solutions that help simplify the complex task of organizing in-person or hybrid events in the current environment - particularly as it relates to COVID-19 testing and health screenings.
As coronavirus vaccinations ramp up in the United States, many grounded travelers are likely looking forward to planning their first fully vaccinated getaway—perhaps booking a long-awaited flight to visit family they haven't seen since last year.
Back in June 2020, as the the UK's first Covid-19 lockdown started to ease, a bout of beautiful weather culminating in the hottest day of the year saw people flocking to the country's beaches.
As the sector enters the second year of an unprecedented crisis, the impact this has had on women in tourism has been made clear. According to the World Tourism Organization (UNWTO), the pandemic, and the unprecedented drop in international tourist arrivals, risks rolling back progress made towards achieving gender equality and efforts to empower women and girls.
AAHOA, the nation's largest hotel owners association, announced a new initiative that encourages hoteliers to proactively promote COVID-19 vaccinations for their employees. In launching the "Pledge to Protect Our Guests, Employees, and Businesses" initiative, AAHOA is asking the nation's hotel owners not only to educate their employees about the benefits of the COVID-19 vaccine but also to provide them with the resources they need to get vaccinated.
With COVID 19 we have all been thrown into a new world, barred up in our homes, missing the comfort of friends and family. While we are wrapped up in our own bubbles, we have been oblivious to the fact that many poor people are suffering, and the fact that the gap between the rich and the poor has widened enormously and at an unprecedented rate during the crisis.
Resorts World Genting Invests More Than USD800 Million in New Theme Park, Bali Will be The First to Open for Tourism with New ‘Green Zones’, Taiwan to Reopen for Business Travel to Selected Countries on 1 March 2021, Hong Kong Introduces HKD934 Million Tourism Stimulus.
In the November edition of the Lodging Market Overview by Horwath HTL Atlanta, Weekly Room Night Demand continued to decline after losing nearly 3 million rooms sold between October and November. In addition, the number of Weekly Rooms Supply reporting saw its first decline of around 150,000 rooms in November after six months of continuous recovery.
Domestic leisure tourism has been driving the recovery in the Indian hotels sector in the post-COVID era, as inbound tourism continues to be on a standstill even after a year. Key leisure markets such as Goa, Rajasthan, Uttarakhand, Himachal Pradesh, and Kerala have been brimming with domestic tourists looking for a break from their COVID-blues, which helped India-wide hotel occupancy to reach 33-35% at the end of 2020.
Prior to the COVID-19 pandemic, Downtown Milwaukee was experiencing revitalization and growth over a period of nearly ten years. The year 2020 was expected to be one of Milwaukee's record years, with the Democratic National Convention scheduled for July.
Accor, the largest hotel operator in Australia and New Zealand, continues to invest in the resurgence of domestic travel and is instilling confidence in travellers with its latest campaign - 'It's All Good' [transl.
Competition for local and regional leisure business among hotels is unusually intense for the painfully obvious reason that COVID has curbed everything else. To generate leisure demand, properties invest in digital marketing including social media, SEO, paid search, and display advertising.
One in three destinations worldwide are now completely closed to international tourism. According to the latest data from the World Tourism Organization (UNWTO), the emergence of new variants of the COVID-19 virus has prompted many governments to reverse efforts to ease restrictions on travel, with total closures to tourists most prevalent in Asia and the Pacific and Europe.
U.S. Travel Association President and CEO Roger Dow issued the following statement in support of the $1.9 trillion COVID-19 relief package known as the American Rescue Plan.
The U.S. Leisure & Hospitality sector gained 355,000 jobs in February and the industry's unemployment rate now stands at 13.5% — compared with 379,000 jobs gained and a 6.2% unemployment rate for the overall economy, according to the monthly employment report released Friday by the Department of Labor.
WHAT: Travel Tech - the largest travel technology education event worldwide - is proud to announce the first event of the 2021 season, Travel Tech USA & Canada, which was created to teach North American hoteliers about the significant benefits in investing in operational technology today, to establish a strong foundation for a better financial future, tomorrow.
In the October edition of the Lodging Market Overview by Horwath HTL Atlanta, signs of gradual increases in weekly room night demand and weekly room nights available show that the lodging market is on a cautious trajectory to 2019 levels.
Downtown Indianapolis experienced record visitation in 2019, led by the city's impressive calendar of national conventions and major sporting events. The award-winning Indianapolis Convention Center (ICC), which features 749,000 square feet of exhibit space and twelve connected hotels, hosts several national conventions, expositions, and events every year.
The spring break season is traditionally the first major travel period of the year—but only about one in eight Americans plans a spring break trip this year, according to polling data by Destination Analysts.
Marriott International, Inc. (NASDAQ: MAR) today announced it has created the Vaccination Care Program, which will provide a financial award to U.S. and Canadian associates at its managed properties who get vaccinated for COVID-19.
Nearly a year into our days of forced telecommuting and videoconferencing, the words 'impact of COVID-19' continue to ring in our ears. The hospitality industry has undoubtedly borne the brunt of this crisis, as many hotels across Europe continue to record single-digit occupancies, with average revenues per room down by nearly 70% in 2020.
I recently made the decision to relocate back to my old stomping grounds of Connecticut and begin looking for a new career opportunity. I'd had a great run working at an ultra-luxury resort in Utah, where I was responsible for creating memorable experiences, inspiring strong guest and employee relationships, and collaborating with other guest experience leaders.
A new survey by APCO Insight affirms that Americans working from home are eager to return to in-person meetings and conventions. The survey finds that even after adapting to the new digital workplace, 81% of professionals who attended in-person meetings and conventions before the pandemic miss doing so and would be just as likely - if not more likely - to attend in-person conferences, conventions, trade shows and other business events in the future.
In honor of International Women's Day (March 8), Preferred Hotels & Resorts is sharing wisdom from its female leaders regarding how to cultivate more diversity in the infamously male-dominated hospitality industry in a post-Covid world.
The once-in-a-century pandemic has caused hoteliers to endure a firestorm that decimated the hotel and leisure industries.
Pity the travel influencer (or don't; it's easy not to). Before COVID-19, the art of stoking wanderlust was defined by selling a fantasy—the promise not only of a perfect vacation, but of a self somehow fortified and made special by going to the same bleached beaches and blue-domed Greek villages as everyone else.
Against the backdrop of improving COVID-19 trends in the United States, travelers are beginning to express less concern about taking to the skies. And as they do, support exists not only for continued safety measures, but for proof of vaccination as a means to transition back to "normal.
Over the past year, the world has seen a lot of changes due to the coronavirus. One of the biggest industries hit has been the travel industry. Travel was restricted in practically every country, impacting both personal and business travel.
The impact of COVID-19 may allow VR to permanently shake off its image of being a gimmick in the tourism sector. Hype behind the technology in recent years has often been greater than actual usage, especially for leisure purposes.
Where were you around this time twelve months ago? Most of us remember it vividly. Travel freezes and work-from-home directives swept over the world. In response, CWT released a new messaging product with a single-click cancellation button within 48 hours and set up thousands of counselors to work from home using a VPN-based home kit that allowed them to do the right thing for travelers at a tough time; safely.
NH Hotel Group reported revenue of €539.7 million in 2020, compared to €1.72 billion in 2019, a year-on-year decline of 68.6%, or €1.18 billion. The contingency plan rolled out by the Company from the onset of the pandemic, focused on cash preservation and cost control, successfully mitigated 60% of the impact of the drastic revenue drop at net result.
At the EU Tourism Ministers Meeting, the World Travel & Tourism Council (WTTC) called on leadership from the EU to save the Travel & Tourism sector which has been left in ruin by the COVID-19 pandemic.
The following is a statement from Chip Rogers, president and CEO of the American Hotel & Lodging Association (AHLA), on the American Rescue Plan.
Uncertainty and cautiousness plagued hotel investor interest in 2020 due to the COVID-19 pandemic, however, the global lodging industry is eager to move forward. According to JLL Hotels & Hospitality's annual Hotel Investment Outlook, the industry's resilience has shaped new experiences and demand from consumers.
International business travel is not expected to remain permanently depressed, though it will likely recover from the coronavirus pandemic at a slower rate than leisure travel, United Airlines Chief Executive Scott Kirby said on Monday during CERAWeek by IHS Markit.
Home sharing and Airbnb listings might have fared at least marginally better than the broader hotel industry during the COVID-19 pandemic, but some boutique hoteliers who list on Airbnb said bookings on that and other third-party distribution channels have also taken a significant hit.
Global hiring activity witnessed a momentous 2020 with significant changes throughout the year. The pharma and retail sectors saw pronounced hiring, and the active job index for these industries surpassed pre-COVID-19 levels in 2021 - notably with a dip in 2020.
For most of us it has been an age since we hopped on a plane to go to a meeting. It's still hard to fathom that a whole year has passed since the COVID pandemic hit us. Local restrictions, health and safety, and quarantine measures are not making it easy for us to get back to travel anytime soon.
COVID-19 has and continues to put many strains on the tourism sector, which came to a near standstill in 2020. As professionals and international associations are preparing themselves to restart and recover, they have a exceptional opportunity to rethink the role of tourism and rebuild a better, healthier and more resilient industry.
S Hotels & Resorts to Acquire Additional 50% Stake in 26 Hotels in the United Kingdom, Iris Capital Acquires Raffertys Resort in Australia, [email protected] Facility at Singapore EXPO Opens to Allow Business Travellers to Meet Without Quarantine, Indonesia Sets Up Two More Special Economic Zones in East and West Java.
Canada's hotel industry reported continued lows across the three key performance metrics, according to STR's January 2021 data.
The U.S. hotel industry showed higher performance levels from the prior month, according to January 2021 data from STR.
The World Travel & Tourism Council (WTTC) has warned that nearly £27 billion will be lost from the UK economy if the government delays restarting international travel until May 17.
As a non-fiction writer, I usually choose to distance myself from the present moment and write instead about the past. It takes the expertise of a journalist to write about the present day. However, in 2020 many writers, finding themselves caught in situations that had arisen because of the pandemic, decided to write about present upheavals.
The impact of the COVID-19 pandemic on the Las Vegas economy has been extremely harsh given the market's reliance on visitation and conventions. Following five consecutive years of accommodating more than 42 million visitors, Las Vegas hosted just over 19 million people in 2020 (the lowest number of visitors since 18.
The COVID-19 pandemic has brought a tremendous amount of uncertainty to the travel industry, including the revenue performance discipline, with many accommodations resting their success - and in some cases survival - in their revenue managers' ability to effectively anticipate market trends.
More meeting and event professionals have been looking to plan hybrid virtual/in-person meetings and events as the meeting industry adapts to new ways of connecting during the global pandemic. However, meeting and event professionals often require additional information about technology, health protocols, and logistics available to them.
U.S. weekly hotel occupancy reached its highest level since late October, according to STR's latest data through 20 February. 14-20 February 2021 (percentage change from comparable week in 2020):
Tripadvisor®, the world's largest travel guidance platform, today announced the arrival of a live data intelligence dashboard available to destination marketing organizations (DMOs), powered by Tourism Sentiment Index.
The shared values and close ties between tourism and culture stakeholders means both sectors can work together to ensure inclusive access to heritage, as countries around the world recover from the pandemic.
Accor's Deputy CEO & CFO, Jean-Jacques Morin, provides highlights in 2 minutes of Accor's 2020 financial results.
As more companies switch to remote work as a result of the pandemic, InterContinental Hotels Group believes the shift could be great for business travel's recovery.
The International Air Transport Association (IATA) released new analysis showing that the airline industry is expected to remain cash negative throughout 2021. Previous analysis (November 2020) indicated that airlines would turn cash positive in the fourth quarter of 2021.
Despite both revenue and bookings dropping more sharply in Q4 of 2020 than in the prior quarter, Booking Holdings president and CEO Glenn Fogel focused on the positive to open his call sharing the results with analysts.
Declines in occupancy and revenue per available room ("RevPAR") continued to accelerate across Manhattan during the fourth quarter, as the COVID-19 pandemic curbed both holiday tourism and commercial traveler demand to the city.
As a global health crisis morphed into an economic one, Deloitte has been conducting a series of weekly surveys, around the United States, to better understand the interplay between personal safety and economic vulnerability as a driver of purchase decisions and consumer behavior.
The airline industry has been rocked by the COVID-19 pandemic. With fewer people willing or able to travel by air, demand has drastically decreased—and as a result, so have the number of daily flights offered by commercial airlines.
Event Temple is proud to announce the Event Temple Covid Mentorship Program. A program designed to support venues and hotels needing assistance as they head into recovery. The program includes 6 mentorship calls with industry-leading sales professionals plus a complimentary one year subscription to the sales and catering software.
Expedia Cruises™ has announced a new suite of tools designed to support cruise lines, franchise partners and Vacation Consultants by making their ability to search for, choose and ultimately distribute cruises easier and more seamless.
Whilst we appreciate the need to be careful about when and how the hospitality industry, and specifically the accommodation sector, reopens, we also need to make sure that no business is disadvantaged in the meantime and that we work together to make 2021 a year to make up as much of the lost ground caused by the pandemic as we can.
The panel, led by School of Hotel Administration professor Christopher Anderson, featured Tammy Lucas, vice president of marketing for Best Western Hotels and Resorts, Michael Morton, vice president of operations for Best Western Hotels and Resorts, and Geoffrey Ryskamp, global head of hospitality for Medallia.
The virtual keynote, hosted by the Center for Hospitality Research and moderated by School of Hotel Administration lecturer Dave Roberts '87 (ENG), MS '88 (ORIE), featured experts in the travel and guest intelligence industries.
Abstract: This study examines how the COVID-19 pandemic will influence people's pro-environmental travel behavior (PETB) and potentially prompt more ecological/sustainable future travel. A comprehensive model using the norm-activation model (NAM), economic sacrifices theory, and the perceived risks associated with COVID-19 is presented and tested using structural equation modeling on data collected from US travelers during April 2020.
The Global Hospitality Group® just hosted a very timely webinar discussing the state of the hotel and CMBS industries. Our program featured senior representatives from Argentic, Greystone, and Situs - three of the largest CMBS special servicers with the most distressed hotel debt - as well as leading data and analytics firm Trepp, HREC's runway capital program, Manhattan Hospitality for hotel industry perspectives, and our own hospitality workouts and receivership expert to break down the current state of the distressed hotels market and CMBS special servicing.
With cold winter weather on the horizon and ever-changing local COVID-19 rules limiting indoor dining, Wendy and Rich Tucciarone began worrying about the fate of their Steamboat Springs, Colorado, craft brewery and restaurant last fall.
With limited attendance and game festivities, Tampa's hotel performance gains came in far lower than that of previous Super Bowl host markets, according to STR. Despite the current pandemic environment, the market was still able to post a 64.
"Ultimately, we believe that will be this swift, responsive and adaptive innovation that will help us progress towards the travel and tourism sector's eventual recovery," said Hilton's vice president, operations in Southeast Asia, Paul Hutton in an interview with Web in Travel.
When COVID-19 struck, it forced societal changes around the globe. Nearly overnight, governments issued orders that limited large gatherings of people, restricted in-person business operations, and encouraged people to work from home as much as possible.
To help our advertising partners stay informed and ahead of trends and opportunities to reach potential travelers amidst the rapidly evolving landscape, we're expanding on our recent global research and regional snapshots for the Americas and Europe and taking a closer look at how COVID-19 has impacted travelers in Asia Pacific, including China, Japan, and Australia.
The Global Business Travel Association (GBTA), the world's largest business travel association, finds most GBTA members and stakeholders (79%) would be "very comfortable" or "comfortable" traveling for business after receiving the COVID-19 vaccination, and almost half support mandatory testing prior to travel to ensure the safety of customers and clients when meeting face-to-face.
U.S. hotel occupancy increased more than 4 percentage points from the previous week, according to STR's latest data through 13 February. 7-13 February 2021 (percentage change from comparable week in .
I know that everyone is tired of hearing about COVID-19 and its impact on the hotel and travel industry. I could not agree more. I am exhausted when it comes to the daily barrage of pandemic stories on the news, online, via social, etc.
New Zealand's response to the COVID-19 pandemic has been widely praised both locally and internationally.
From the need for enhanced political engagement to developing relevant expertise, the World Tourism Organization, jointly with the Caribbean Tourism Organization, have united their Members in the Caribbean to address the key challenges they face in making effective use of statistics to drive the restart of their tourism sectors.
Marriott International, Inc. (NASDAQ: MAR) today reported fourth quarter 2020 results, which were materially impacted by the COVID-19 global pandemic and efforts to contain it (COVID-19).
Spring will soon be here. People are celebrating the Lunar New Year. Do you see a brighter future in 2021?
The COVID-19 pandemic has sent travelers looking for safe, comfortable settings in which to connect with family and friends, creating economic opportunity for others to earn needed extra income by listing their homes on Airbnb.
The World Travel & Tourism Council (WTTC) has sent an open letter to UK Prime Minister Boris Johnson, calling for his leadership ahead of next week's announcement, urging him to support its recovery plan and provide evidence of a clear exit strategy, to save the besieged UK Travel & Tourism sector.
Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its fourth quarter and full year 2020 results. The following results reflect the material impact that the novel coronavirus ("COVID-19") pandemic has had on Hilton's business.
Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported fourth quarter 2020 financial results. Net loss attributable to Hyatt was $203 million, or $2.00 per diluted share, in the fourth quarter of 2020, compared to net income attributable to Hyatt of $321 million, or $3.
Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, today reported its results for the three months and year ended December 31, 2020.
In a world dominated by the doom and gloom of the COVID-19 pandemic, one thing that is prevailing in these uncertain times, is kindness. Nearly half (46%) of Britons report, that they have become kinder in order to help restore faith in humanity.
When Pandora opened the jar containing all the evils of the earth, unable to resist the curiosity that consumed her, she spread them on earth, leaving hope in the container out of the reach of men. Yet it is hope, optimism and tenacity that are guiding the tourism sector through the crisis of mobility caused by the restrictions linked to the COVID pandemic 19.
The Global Business Travel Association (GBTA) - the world's largest business travel association - held its European Town Hall today to discuss its annual BTI™ Outlook with a focus on Europe.
The past year has been tremendously challenging for the entire hotel industry. As we previously announced, our occupancy rate fell to 23 percent in the fourth quarter due to increased spread of the virus and stricter restrictions.
The state of travel is rapidly evolving and we continue to see different levels of recovery and engagement across different regions. Expanding on our recent global research, we're taking a closer look at how COVID-19 has impacted everything from traveler confidence to the factors influencing destination, accommodation, and transportation decisions in the Americas, specifically: Canada, the U.
The long, exciting journey of 24/7 effort to introduce real solutions to fix the healthcare crisis is here and holds great potential. Prontocare delivers quality, affordable healthcare to help both consumer and the system remain functional without pushing either party to bankruptcy.
The US Centers for Disease Control and Prevention is not recommending a Covid-19 testing requirement before domestic air travel, the CDC tells CNN.
By 2050, hotels will need to reduce emissions per key by 90 % to be in line with the Paris Climate Agreement. Public and political pressure on the sector is rising to implement drastic changes in coming years.
The Biden administration has proposed a new federal minimum wage of $15 an hour as part of its COVID-19 relief program.
U.S. Travel Association President and CEO Roger Dow issued the following statement on the meeting between U.S. airlines' chief executives and White House coronavirus response officials:
One clear result of the coronavirus pandemic is an accelerated shift of consumer behaviour towards mobile-first experiences. This shift began years ago with the release of mobile email and phone technology that came with ubiquitous internet access.
The hospitality industry has been regarded as the most challenging and stressful working environment compared to any other industry sector. As a former waitress in the banquet hall of a five-star hotel and a Michelin starred restaurant, I deeply understand the required components of multi-tasking in a fast-paced environment, while maintaining service quality simultaneously.
To keep our advertising partners and the industry abreast of traveler trends and opportunities around the world, we are diving into regional insights from our recent global research.
People who have been fully vaccinatedright now that means with two doses of either the Pfizer/BioNTeccan skip quarantine if they are exposed to someone infected with the virus, the US Centers for Disease Control and Prevention said Wednesday.
Latest research shows the ongoing restrictions to travel and blanket quarantines has seen the UK suffer greater GDP losses than many of its European counterparts which have less stringent barriers in.
The Indian Hotels Company Limited (IHCL), South Asia's largest hospitality company, reported its Consolidated and Standalone financials for the third quarter ending December 31st, 2020.
There have been enough articles written and published on the enduring changes 2020 will have on the hospitality industry. There's no need to rehash all of those. The Duty of Care issue is an emerging one that hoteliers are wise to pay attention to before it becomes part of the many sweeping legislative reforms occurring with the new administration.
MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter and year ended December 31, 2020.
The resurgence of COVID-19 cases across Japan in winter season and the delay in mass inoculation process are likely to reduce the gains expected for the local economies during Tokyo Olympics, thereby delay the economic recovery of Japanese cities in 2021, according to GlobalData, a leading data and analytics company.
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.
The World Travel & Tourism Council (WTTC), which represents global Travel & Tourism private sector, has released a new Social Impact Paper focusing on the Travel & Tourism sector, which has been compiled to showcase the importance of Travel & Tourism as a driver of social impact.
Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months and year ended December 31, 2020. Highlights include:
As COVID-19 continues to upend travel and rewrite daily habits, hotels must nevertheless continue to differentiate their products in order to better appeal to guests in the next normal and build revenues.
In many companies, determining what to do with the office is the focal point of a much larger discussion. The success of remote work has reimagined how corporate work gets done, as well as where the work takes place.
SB Architects, an award-winning international architecture firm focusing on designing soulful and inspiring destinations across hospitality, residential and mixed-use, has released the top trends they anticipate defining 2021 and beyond.
As a result of Covid, global travel has become increasingly localised and complicated. The International Air Transport Association (IATA) recently announced that full-year global passenger traffic results for 2020 fell by 65.
The arrival of COVID-19 forced many hotels to close their doors as travel came to a screeching halt last spring. Among those that have been some of the hardest hit are convention hotels, due to postponed or outright cancelled events and group gatherings that are at the core of the business.
The COVID-19 crisis consumed the United States for approximately three-quarters of the past year. In December 2020, the U.S. Food and Drug Administration issued emergency use authorization for the Pfizer-BioNTech COVID-19 vaccine.
Amid a worldwide pandemic, the lodging industry is facing a downturn that is greater than the past two lodging-market declines combined. Occupancy declined for two years (roughly five points per year) following the landfall of Hurricane Katrina in August 2005, despite the decline in supply due to long-lasting storm damage.
Hotel owners and financiers are confronting the phase-out of a longstanding interest rate benchmark as they address the impact the pandemic has had on borrowers' ability to repay loans.
A total of 57 deals were announced in the global travel and tourism sector during January 2021, which is a decrease of 29.6% over 81 deals announced in December 2020, according to GlobalData, a leading data and analytics company.
