Marriott announces a $1.5 Billion 364-day revolving credit facility commitment and leverage covenant waiver and provides business update amidst the rapidly evolving COVID-19 situation.
Spain’s hospitality prospects post Coronavirus
Whilst the COVID-19 pandemic ravages Europe and takes a particularly heavy toll in Spain, it is important to evaluate how the reliance of this country on international visitation might shape the recovery of its two main urban markets once the pandemic subsides.
Employees working from home say they miss in-person meetings
A new survey by APCO Insight suggests that American workers – particularly those who attended in-person meetings and conventions before the pandemic – are eager to return to them when COVID-19 is contained and physical distancing policies are no longer needed.
Events DC announces $18M hospitality and tourism relief package
The relief package, approved by Events DC’s Board of Directors, will provide support to restaurants, hotels and undocumented workers in Washington, DC.
German hosts provide housing to frontline medical staff
In Germany, frontline medical staff looking for accommodation can already choose from more than 4,000 places to stay, including 2,000 hotel rooms on Airbnb.
Road warriors are eager to get back to traveling
Business travel has become the latest casualty of the coronavirus pandemic by coming to a halt across the globe, according to the latest research conducted by the GBTA. This is the fifth poll that GBTA is releasing and the numbers are dire.
Wyndham unites with leading organizations to offer alternative employment
Wyndham Hotels & Resorts has partnered with leading organizations to give team members whose positions have been furloughed or eliminated access to job opportunities opening up across various industries including retail, grocery, senior living and more.
Stay home today, #TravelTomorrow
By staying home today, we can travel tomorrow. The hashtag #TravelTomorrow encapsulates this message of solidarity and hope, through which the UNWTO calls for shared responsibility among travellers and the tourism sector around the world to deal with the COVID-19 coronavirus pandemic.
US hotels sign up to support healthcare community
AHLA’s ‘Hospitality For Hope’ initiative connecting hotels to health agencies to provide temporary housing for emergency and healthcare workers or as alternative care sites.
Baird/STR Hotel Stock Index drops 36.0% in March
The Baird/STR Hotel Stock Index dropped 36.0% in March to a level of 2,748. Year to date through the first three months of 2020, the stock index was down 47.9%.
