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.
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.
Booking Holdings focuses on payment platform, connected trip and U.S. growth as 2020 revenue drops 55%
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.
Europe's largest hotel chain Accor has said that it plans to pay for all of its employees to be vaccinated by late summer as it tries to recover its business amid ongoing national lockdowns. "We are not going to wait for government.
InterContinental Hotels Group, owner of the Holiday Inn and Crowne Plaza brands, has warned that the difficulties of the "most challenging year" in its history have stretched into 2021 as new strains of coronavirus force countries to close borders and limit travel.
Accor has set its ALL loyalty program as one of the business's strategic focuses for 2021.
Marriott International's MAR 4.61% late Chief Executive Officer Arne Sorenson, who died last week, told Forbes in 2019 that he wanted his company to be "as big as possible." His boldest move came back in 2015 when he announced that Marriott would acquire Starwood Hotels & Resorts Worldwide, adding brands that appealed to travelers' interests and values such as design, fashion, youth and productivity.
Raul Moronta, CRME, CHIA, has had a career path that closely tracks with the growth and evolution of hospitality. He started out in an on-property sales position while attending college in his native Dominican Republic, then moved to New England and took a night auditor job as he worked toward his master's degree in hotel administration.
Spend just a half-hour talking to Mary Gostelow and you'll come to understand how she's lived the life and built the career she has as a globe-trotting luxury-travel guru. She has a spirit of infectious curiosity, a need to share her latest discovery — and a lot of energy.