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.
HotelFriend Denis Severyuk’s statement on COVID-19
For our SaaS direction, we decided to cut the payments or give access to our system for free. Especially to those partner hotels that turned into temporary hospitals during these difficult times.
Message from Accor CEO, Sébastien Bazin
Following the announcement of the “ALL Heartist Fund” launch, Sébastien Bazin addresses all Accor employees and partners to renew his, as well as the Group’s support in this unprecedented context.
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.
IHG taskforce responds to Government relief efforts across Europe
IHG hotels offer hotel rooms at reduced rates for key workers, medical staff and other Government relief efforts.
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.
Accor shelters Australia in fight against COVID-19
The company has transformed itself from providing a luxury service to crucial infrastructure, as Accor works with government authorities and community organizations, making its accommodation and services available to those most in need.
An update from Marriott CEO
“What we’re facing is daunting, but I am heartened by the moments of triumph in everyday acts of courage, humanity, and love. Although these are trying times for us all, I remain optimistic that our world will thrive once again.”
