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.
Five top trends impacting the regional hospitality industry in 2020
Aleph Hospitality reveals five top trends impacting the regional hospitality industry outlook for 2020
Tough group business market for US hotels
Cvent data shows U.S. hotels may face a more difficult group business environment. Looking out into time, group booking pace is down across all eight quarters year-over-year.
