The impact of the virus on the hospitality industry across Asia continues to be significant, with many hotels and investors witnessing an unparalleled cash crunch as much reduced revenues struggle to offset fixed costs.
U.S. hotel results for week ending 9 May
STR data for 3-9 May 2020 showed continues modest gains in U.S. hotel occupancy compared with previous weeks, but a similar level of year-over-year decline in the three key performance metrics.
UNWTO releases COVID-19 technical assistance package
The package is structured around three main pillars: economic recovery, marketing and promotion and institutional strengthening and resilience building.
Cost of COVID-19 pandemic and how business models need to change
With much of Europe’s hotel sector still closed for business the industry faces a huge challenge to rebuild consumer confidence once Covid-19 lockdown restrictions start to lift later this year, says global hotel consultancy HVS London.
What punters want from the Casinos post-COVID
New survey shows the impact that the economy, health and safety standards, and younger gamblers will have on recovery.
Chinese overseas travel sentiment grows
New survey highlights preference for open space beach destinations, topped by Boracay and Bohol.
COVID-19 impact and recovery analysis
The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
American Airlines and Hyatt surprise healthcare workers with complimentary vacations
Hyatt and American Airlines surprised thousands of frontline workers at NYC Health + Hospitals/Elmhurst, including doctors, nurses, facilities, food & nutrition and other support staff, with free vacations.
International tourist numbers could fall 80% in 2020
According to the United Nations specialized agency, the crisis could lead to an annual decline of between 60% and 80% when compared with 2019 figures. This places millions of livelihoods at risk and threatens to roll back progress made in advancing the Sustainable Development Goals (SDGs).
Airbnb to cut 25 percent of workforce
Airbnb lays off 25% of its global workforce due to the continuing impact COVID-19 has on its business, with expected revenue down 50%.
