SpendEdge has been monitoring the global Travel management market and the market is poised to experience spend growth of more than USD over 600 billion between 2019-2024 at a CAGR of over more than 7%.
Marriott raises $920 million in through amendments to co-Brand credit card agreements
Marriott announced it has signed amendments to its existing co-brand credit card agreements with JPMorgan Chase & Co. (“Chase”) and American Express. These amendments will provide the company with $920 million of cash, further enhancing its liquidity, with $570 million coming from Chase and $350 million coming from American Express.
American Express, Hilton and World Central Kitchen Partner to support frontline workers
Program feeds frontline healthcare professionals staying for free in rooms donated by Hilton and American Express and enables some furloughed restaurant staff to return to work in Los Angeles, New York City and Washington, D.C.
COVID-19 impact could be huge opportunity for value-driven tourism products
COVID-19-19 impact could be huge opportunity for value-driven tourism products like aparthotels. Post-pandemic price-conscious travellers will want bigger bang for their buck than ever before
AHLA releases industry-wide hotel cleaning standards
New expanded cleaning & safety standards developed by industry leaders, public health officials in response to COVID-19.
New hospitality tracker sees first quarter sales drop 21.3%
The UK hospitality sector saw sales decline 21.3% in the first quarter of 2020, as the country and the industry moved into COVID-19 lockdown, figures from the newly launched UKHospitality Quarterly Tracker reveal.
What “the new normal” will look like for tourism
“Travelling in the New Normal” is part of WTTC’s plan which includes critical steps and coordinated actions, including new standards and protocols, which offer a safe and responsible road to recovery for the global Travel & Tourism sector as consumers start planning trips again.
Hospitality industry united for “Buy One, Give One” Campaign
A “vacay layaway” program designed to generate immediate revenue for hotels, while simultaneously providing a “thank you” to healthcare workers who have been tirelessly working on the front lines.
Economy hotels lead the way during COVID-19
Economy and select-service hotels have emerged as leaders in the hotel sector, housing essential workers on the frontlines of the coronavirus pandemic while taking steps to keep guests and employees safe.
U.S. hotel results for week ending 25 April
Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 19-25 April 2020, according to data from STR.
