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

What Key Indicators Are Hotel Management Company CROs Tracking?
What Key Indicators Are Hotel Management Company CROs Tracking?

HSMAI · 30 Mar

When it comes to determining the full scope of the coronavirus effect, hotel management companies are monitoring specific key indicators, as the thre

Europe Hotel Transactions Bulletin - Week Ending 27 March 2020
Europe Hotel Transactions Bulletin - Week Ending 27 March 2020

HVS · 30 Mar

Ability Group acquires Hampton by Hilton Bristol Airport from CIMC Capital, Helvetic Investment acquires Dorint Parkhotel Mönchengladbach, Germany, B

Covid-19: How The Hospitality Industry Can Find A Way Through
Covid-19: How The Hospitality Industry Can Find A Way Through — By Gareth Ogden

haysmacintyre · 30 Mar

The hospitality industry has been one of the sectors most badly impacted by the Covid-19 pandemic. Across the UK, all pubs, bars and restaurants have had to close their doors and shut up shop, in order to abide by the unprecedented measures ordered by the Government.

HVS Asia Pacific Hospitality Newsletter - Week Ending 27 March 2020
HVS Asia Pacific Hospitality Newsletter - Week Ending 27 March 2020

HVS · 30 Mar

Devonport Waterfront Hotel Sold for AUD40 Million in Australia, Mandarin Orchard to Rebrand as Largest Hilton Hotel in Asia Pacific, Singapore Govern

Hospitality Financial Leadership – Food Cost Net Weight
Hospitality Financial Leadership – Food Cost Net Weight — By David Lund

The Hotel Financial Coach · 30 Mar

When people hear the term food cost, they generally think of the simple calculation of cost / selling price = food cost %. This calculation does little more than give you a percentage. Understanding and controlling food cost is much more complex.

Senate Coronavirus Aid Bill

Milestone Insights · 27 Mar

The US Senate and House passed a massive aid bill, S. 3548, The Corona Aid, Relief, and Economic Security (CARES) Act, to shore up the economy and pr

New Massachusetts Business Interruption Insurance Bill Could Provide Lifeline to Hotels and Restaurants During the Coronavirus Pandemic
New Massachusetts Business Interruption Insurance Bill Could Provide Lifeline to Hotels and Restaurants During the Coronavirus Pandemic

Boston University - Boston Hospitality Review · 27 Mar

On March 24, 2020, in response to the severe financial impact of the COVID-19 pandemic on the hospitality industry in the Commonwealth of Massachuset

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.

MGM Resorts International Addresses Financial Impact Of Covid-19 And Steps To Mitigate Covid-19 Impact
MGM Resorts International Addresses Financial Impact Of Covid-19 And Steps To Mitigate Covid-19 Impact

MGM Resorts International · 27 Mar

In light of the material unforeseen and unprecedented volatility in the financial markets, MGM Resorts International ("MGM Resorts" or the "Company")

Russia Closes State-Run Hotels, Resorts Over Rising Coronavirus Cases

skift.com - Hotels · 27 Mar

Russia has gone into tourism lockdown to combat coronavirus, including closing state-run recreational areas and hotels and halting all international

React Mobile to waive service fees for April, May

Hotel Management · 27 Mar

In light of the growing impact of COVID-19 on the hospitality industry, React Mobile has decided to waive service fees for its staff safety platform

Airbnb Hosts to Help Provide Housing to 100,000 COVID-19 Responders
Airbnb Hosts to Help Provide Housing to 100,000 COVID-19 Responders

hotelbusiness.com · 27 Mar

Airbnb Hosts to Help Provide Housing to 100,000 COVID-19 Responders - Hotel Business | Hotel BusinessSAN FRANCISCO--Airbnb has a new global initiativ

Hilton plans corporate furloughs, reduced schedules, pay cuts
Hilton plans corporate furloughs, reduced schedules, pay cuts

Hotel Management · 27 Mar

With operations suspended at many hotels and services reduced at those that are open, the company has taken steps to reduce expenses.

Travel intermediaries look to regulators for help with airline refunds

PhocusWire · 27 Mar

ECTAA, a body representing European agents and operators, is urging the European Commission to take action on airlines not refunding tickets.

Sounding Off: Travel bailouts are not simple tasks to manage

PhocusWire · 27 Mar

it seems more likely that any form of state aid will go only to propping up the travel-facing operations that inspire people to travel or are functio

COVID-19 forcing CBD hotels to close doors
COVID-19 forcing CBD hotels to close doors

hotelmanagement.com.au · 27 Mar

Tourism Accommodation Australia says major hotels in Central Business Districts around Australia were now beginning to close their doors in order to

What Key Indicators Are Hotel Management Company CROs Tracking?

HSMAI Global · 27 Mar

When it comes to determining the full scope of the coronavirus effect, hotel management companies are monitoring specific key indicators, as the thre

First post-Brexit Budget puts UK on borrowing and investment path
First post-Brexit Budget puts UK on borrowing and investment path

4hoteliers.com · 27 Mar

Government plans to build up infrastructure and boost housing outside of London will create more opportunities for real estate investors targeting th

Why Hotels Should Continue to Monitor Social Media Sentiment During Coronavirus
Why Hotels Should Continue to Monitor Social Media Sentiment During Coronavirus

Hospitality Technology Magazine · 27 Mar

In-depth social media sentiment reports can be used by hoteliers as part of a crisis plan to fine-tune marketing campaigns and identify and better co

Marcus & Millichap Kabani Hotel Group Offers a COVID-19 Hotel Resource Guide
Marcus & Millichap Kabani Hotel Group Offers a COVID-19 Hotel Resource Guide

Hospitality Technology Magazine · 27 Mar

Guide addresses such things as: managing cancellations and training/managing staff.

Hotel Deals and Lending Zapped by Coronavirus at the Finish Line

skift.com - Hotels · 26 Mar

Until lenders can wade through the $2 trillion U.S. stimulus package and determine valuations, hotel deals will remain on ice. Expect smaller banks t

STR: Hotels In Europe Should Still Plan For Demand This Summer

Duetto Research Blog · 26 Mar

For hotels in Europe, we’ve hit rock bottom, but that means the only way is up, right? The STR EMEA update webinar, hosted earlier today by Robin Ros

AH&LA, AAHOA respond to Senate passage of the CARES Act

Hotel Management · 26 Mar

The U.S. Senate passed the roughly $2 trillion Coronavirus Aid, Relief, and Economic Security Act Wednesday, sending it on to the House of Representa

Inner Circle: An African take on hotel asset management

Hotel Management · 26 Mar

“Risk comes from not knowing what you are doing – asset management somewhat mitigates that risk in the African hospitality market.”

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