Latest Hotel Industry News
7 Ways Hotels Will Change Post-Pandemic - Inc
2020-04-30 23:12:37 +0200 | Source: Hotel News ResourceHere'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 ResourceDemand 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 ResourceWhat 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 ResourceThe 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 ResourceU.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 ResourceDuring 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 ResourceA 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 ResourceThe 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 ResourceTotal revenues for the first quarter were $351 million compared to $450 million for the same period in 2019. Read more