Chip Rogers, president, and CEO of the American Hotel & Lodging Association (AHLA), joined leaders from the U.S. Chamber of Commerce, U.S. Travel Association, Airlines for America, and the National Retail Federation to discuss the potential impact of COVID-19 and the business community is responding.
Hilton increases stock repurchase authorization by $2 Billion
The Board of Directors of Hilton Worldwide Holdings Inc. has authorized the repurchase of an additional $2 billion of common stock under the Company’s existing stock repurchase program, bringing the total amount currently authorized for repurchase to approximately $2.3 billion.
Minister of Tourism and Creative Economy responds to Coronavirus development in Indonesia
According to the Minister, the implementation of the tourism sector’s stimulus program for foreign tourists will be carried out until the COVID-19 outbreak has subsided and the situation back to being conducive.
Dominica’s passport demand boosted by 70%
Following the opening of its first embassy in the Middle East, in Abu Dhabi, the Commonwealth of Dominica has become the most popular destination among migrants from the region.
Hotels scrape out profit growth in January amid Coronavirus concern
U.S. hotels eked out a 0.6% year-over-year increase in GOPPAR in January, but as the full scope of the coronavirus becomes clearer, subsequent months could put pressure on hoteliers to generate both top- and bottom-line growth.
UNWTO statement on the containment of Coronavirus
The decision to cancel this year’s ITB Berlin on public health grounds shows that tourism is living up to its responsibility to put people first.
Hyatt updates 2020 outlook due to evolving Coronavirus impact
Hyatt announced withdrawal of previously announced 2020 outlook and earnings sensitivity based on Greater China RevPAR due to the impact on travel demand outside of Greater China, in part as a result of new corporate travel restrictions in North America and Europe, as well as near-term cancellations outside of Greater China, as a result of the COVID-19 outbreak.
Hilton recap on 2019
Global hospitality company caps off dynamic 100th year with record growth and performance amid challenging business outlook.
Highlights of IHG partnership with It’s a Penalty in Miami
Activities in Miami kicked off with a launch event where dozens of IHG hotel colleagues participated in an onsite human trafficking prevention training session while Kelley updated attendees on IHG’s anti-human trafficking efforts across the country.
AETHOS Consulting released compensation trends for CFO in chain restaurants
AETHOS Consulting Group, a hospitality-focused human capital advisory, recently published The 2020 Chain Restaurant CFO Report, sharing current compensation information for Chief Financial Officers (CFOs) in the chain restaurant sector.
