Hotel Borrowers, Lenders Prepare for Transition of Debt Benchmark
Hotel Borrowers, Lenders Prepare for Transition of Debt Benchmark

CoStar · 10 Feb

Hotel owners and financiers are confronting the phase-out of a longstanding interest rate benchmark as they address the impact the pandemic has had o

Distressed Assets a Waiting Game for Those Interested
Distressed Assets a Waiting Game for Those Interested

CoStar · 29 Jan

Hotel owners and operators looking to pick up distressed assets have had to wait longer than previously expected, but industry experts believe those

European Hotel Deal Volume Expected To Grow in 2021
European Hotel Deal Volume Expected To Grow in 2021

CoStar · 19 Jan

The United Kingdom's hotel sector will show a noticeable surge in transactions outside of London as hotel-ownership balance sheets are cleaned up fol

What Happens To All of NYC’s Empty Hotels?
What Happens To All of NYC’s Empty Hotels?

Hotel Association of New York City (HANYC) · 18 Jan

John Fitzpatrick has weathered multiple crises in his more than three-decade career in the hotel industry. He opened his first hotel in New York City

The world's most powerful passports for 2021
The world's most powerful passports for 2021

cnn.com · 7 Jan

The days of strolling into an airport, flashing a passport, then hopping on a flight to wherever one likes are, for now, a distant memory.

Some Denver Area Hotels Dim The Lights And Wait For The Creditors To Come Knocking
Some Denver Area Hotels Dim The Lights And Wait For The Creditors To Come Knocking

The Denver Post · 15 Dec

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 fin

Hotel operator IHG extends debt waivers to end of 2022
Hotel operator IHG extends debt waivers to end of 2022

reuters.com · 14 Dec

Holiday Inn-owner Intercontinental Hotels Group has struck an agreement with its creditors to extend waivers of its debt covenants through the end of

‘Throw Out the Old School’: Rethinking Labor Management at CYBER HITEC
‘Throw Out the Old School’: Rethinking Labor Management at CYBER HITEC

lodgingmagazine.com · 4 Nov

"Labor is an investment and not an expense." That was among the key themes of a virtual session led by Del Ross, chief revenue officer for Hotel Effe

Marriott Hotels Fined £18.4m For Data Breach That Hit Millions
Marriott Hotels Fined £18.4m For Data Breach That Hit Millions

bbc.com · 2 Nov

The UK's data privacy watchdog has fined the Marriott Hotels chain £18.4m for a major data breach that may have affected up to 339 million guests.

Airbnb Sets Stage For Blockbuster Market Debut, Looks At Nasdaq Listing
Airbnb Sets Stage For Blockbuster Market Debut, Looks At Nasdaq Listing

reuters.com · 29 Oct

(Reuters) - Home-rental startup Airbnb Inc plans to list its shares on the Nasdaq, setting the stage for one of 2020's most high-profile stock market

Hotels Are Betting Big on Brand Conversions Coming of Out of the Crisis: Is That Smart?
Hotels Are Betting Big on Brand Conversions Coming of Out of the Crisis: Is That Smart?

skift Inc. · 18 May

Depending on whether global brands or independent operators are the ones talking, there is a lot of money to be won or left on the table in a hotel b

Softbank-Backed Oyo To Offload More Loss-Making Hotels Amid Pandemic - Sources
Softbank-Backed Oyo To Offload More Loss-Making Hotels Amid Pandemic - Sources

reuters.com · 1 May

India's Oyo Hotels and Homes, backed by SoftBank Group (9984.T), plans to offload more properties around the world, three sources familiar with the m

Can they be saved? Travel industry winners and losers of federal bailout
Can they be saved? Travel industry winners and losers of federal bailout

USA TODAY · 16 Apr

When it comes to the economic toll from the coronavirus, few sectors have taken a bigger hit than travel.

Mistakes to Avoid When Renegotiating Corporate Hotel Rates
Mistakes to Avoid When Renegotiating Corporate Hotel Rates

skift Inc. · 8 Apr

Nobody has a crystal ball — although many travel buyers probably wish they did right now. One question on their minds will be what is the hospitality

Hotel Industry Says It Will Struggle To Get By Even With Government Help
Hotel Industry Says It Will Struggle To Get By Even With Government Help

cnn.com · 8 Apr

Less than a month ago, Mitch Patel's hotel business was booming. His company, Vision Hospitality Group, owns 37 hotels in six states and it had seen

U.S. Travel Industry Warns Of $910 B Coronavirus Losses: Seven Times 9/11
U.S. Travel Industry Warns Of $910 B Coronavirus Losses: Seven Times 9/11

Forbes · 3 Apr

The losses to the U.S. tourism industry due to the coronavirus are snowballing-make that avalanching-by the day. To the point that the national non-p

What the $2 Trillion U.S. Stimulus Package Means for Travel Businesses
What the $2 Trillion U.S. Stimulus Package Means for Travel Businesses

skift Inc. · 31 Mar

President Donald Trump last week signed what is now known as the CARES Act, a massive $2 trillion stimulus meant to keep the U.S. economic engine run

Japan’s Olympics Delay Could Cost $6 Billion Including Hit to Tourism
Japan’s Olympics Delay Could Cost $6 Billion Including Hit to Tourism

skift Inc. · 30 Mar

Japan's Olympic delay has upended years of careful planning by organizers and spawned costly headaches for small businesses, hotels and even pro base

Hotel Deals and Lending Zapped by Coronavirus at the Finish Line
Hotel Deals and Lending Zapped by Coronavirus at the Finish Line

skift Inc. · 27 Mar

Heading into 2020, the hotel sector was expected to slow down, but deals were still getting financed. Then came coronavirus.

UK Airlines Demand Tax Breaks After Government Rules Out Financial Support
UK Airlines Demand Tax Breaks After Government Rules Out Financial Support

skift Inc. · 26 Mar

A representative body for airlines based in Britain has written to its transport minister seeking industry-specific tax and air traffic fee holidays

U.S. Jobless Claims Could Top Record 1.5 Million Next Week: Economists
U.S. Jobless Claims Could Top Record 1.5 Million Next Week: Economists

reuters.com · 23 Mar

A wave of layoffs at restaurants, bars and hotels, as efforts to contain the coronavirus pandemic bring much of everyday American life to a halt, cou

IHG Cuts $150 Million in Costs as Revenue Plummets
IHG Cuts $150 Million in Costs as Revenue Plummets

skift Inc. · 20 Mar

Demand for hotel rooms is at record lows, the company behind InterContinental and Holiday Inn hotels said on Friday, as it announced $150 million of

Hotel Industry Faces Huge Crisis in Coming Months, Discusses Recovery Solutions
Hotel Industry Faces Huge Crisis in Coming Months, Discusses Recovery Solutions

Forbes · 20 Mar

The COVID-19 health crisis is unprecedented in its size and scope, and represents the single largest decline in travel in modern times. And its effec

Hotels Chains Maneuver to Deal With Coronavirus Gut Punch
Hotels Chains Maneuver to Deal With Coronavirus Gut Punch

skift Inc. · 18 Mar

From furloughs and layoffs to withdrawn guidance and loyalty program modifications, the big hotel chains were maneuvering to survive the novel corona

Tripadvisor Is Trying to Sell Its Vacation Rental Businesses
Tripadvisor Is Trying to Sell Its Vacation Rental Businesses

skift Inc. · 16 Mar

Some might consider it ironic that there's been a lot of talk about the possibility of Expedia Group shedding assets, but Tripadvisor is the one acti

Australia’s Brushfire Recovery Funds May Be Used for Coronavirus Response
Australia’s Brushfire Recovery Funds May Be Used for Coronavirus Response

skift Inc. · 11 Mar

The National Bushfire Recovery Agency can not guarantee the funds set aside by the government to aid in the bushfire restoration will not also be use