Latest Hotel Industry News

7 Ways Hotels Will Change Post-Pandemic - Inc

2020-04-30 23:12:37 +0200 | Source: Hotel News Resource

Here's what business travelers can expect to find at hotels once it is safe to travel again. Read more

GBR Consulting Reports Greek Hospitality Industry Performance 1st Quarter 2020 (PDF Download)

2020-04-30 23:12:24 +0200 | Source: Hotel News Resource

Demand in the entire tourism sector evaporated at dazzling speed. On March 15th, 2020 it was decided that resort hotels were not allowed to open until the end of April (which was later extended) and on March 19th,... Read more

HVS CPACE Strategy for Avoiding Loan Loss Reserves and Preserving Equity Capital - By Kathy Conroy

2020-04-30 23:12:17 +0200 | Source: Hotel News Resource

What realistic choices does a bank have in handling anything from short-term loan modifications through major troubled debt restructuring without ultimately dealing with the adverse effects related thereto? And, as an... Read more

HVS - COVID-19: Traveller and Hotel Guest Sentiment Findings Middle East - By Hala Matar Choufany

2020-04-30 23:12:05 +0200 | Source: Hotel News Resource

The HVS Traveller and Hotel Guest Sentiment Survey summarises the findings about the current confidence levels, changes in behaviour and preferences, and most importantly the decision making when selecting... Read more

U.S. Hotel Industry Reports RevPAR Drop of -78.4% to US$19.13 for Week Ending April 25th - 2020

2020-04-30 20:20:38 +0200 | Source: Hotel News Resource

U.S. hotel occupancy fell 62.2% to 26% during the week of 19-25 April as ADR decreased 42.9% to $73.61 and RevPAR dropped 78.4% to $19.13. Read more

Canadian Hotel Industry Reports Occupancy Drop of -76.9% Week Ending April 25th

2020-04-30 20:20:29 +0200 | Source: Hotel News Resource

During the week of 19-25 April, Canadian hotel occupancy dropped 76.9% to 15%, ADR declined 32.2% to 101.22 Canadian dollars ($72.88) and RevPAR decreased 84.4% to CA$15.14 ($10.90). Read more

Domestic and International Travel Disrupted Similarly in Asia-Pacific

2020-04-30 20:20:16 +0200 | Source: Hotel News Resource

A recent survey conducted by GlobalData, a leading data and analytics company, shows that domestic and international travel plans in three key Asia-Pacific markets have been equally affected. Read more

COVID-19 Outbreak Has Jeopardized UK Hospitality Sector

2020-04-30 20:20:09 +0200 | Source: Hotel News Resource

The COVID-19 outbreak has caused mass cancellation of corporate events, international congress meetings, sports and social events. International travel bans in addition to the UKs lockdown and social distancing... Read more

WTTC Outlines What 'The New Normal' Will Look Like As We Start to Travel

2020-04-30 20:20:01 +0200 | Source: Hotel News Resource

'Travelling in the New Normal' is part of WTTCs plan which includes critical steps and coordinated actions, including new standards and protocols, which offer a safe and responsible road to recovery for the... Read more

Hilton Grand Vacations Reports First Quarter 2020 Results

2020-04-30 20:19:54 +0200 | Source: Hotel News Resource

Total revenues for the first quarter were $351 million compared to $450 million for the same period in 2019. Read more