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Survey: 7 Out of 10 Americans Unlikely to Travel for Holidays
AHLA | November 12, 2020
WASHINGTON (November 12, 2020) – A new national survey commissioned by the American Hotel & Lodging Association (AHLA) shows that many Americans are not expected to travel this holiday seasons. Results show that 72% of Americans are unlikely to travel for Thanksgiving and 69% are unlikely to travel for Christmas, compounding the challenges for the hotel industry during this public health crisis. Business travel has been even more impacted. Only 8% of Americans say they have taken an overnight business trip since March, and just 19% of respondents who are currently employed—or 8% of all adults—expect to travel for business within
Amadeus Combines Forward-Looking Occupancy and Rate Data in Powerful New Business Intelligence Solution
Amadeus | November 12, 2020
RevenueStrategy360™, a new solution from Amadeus, provides the hotel industry’s most comprehensive market insight to support recovery When historical data is no longer relevant to plan a successful revenue strategy, hoteliers need access to accurate, real-time data to make informed business decisions. In order to support the evolving needs of hoteliers, Amadeus is proud to introduce RevenueStrategy360™, the latest addition to Amadeus’ unparalleled business intelligence suite of solutions. This new solution builds on Amadeus Rate360® by enhancing the industry’s most extensive database of forward-looking rate data with comprehe
Volara Doubles-Down on Its Commitment to Supporting the Hotel Industry
Volara | November 12, 2020
Key hire Sarah Kozlowski to provide professional support for Volara’s rapidly growing client base November 12, 2020, NEW YORK — Committed to being part of the solution for hoteliers in the post-pandemic era, Volara is growing its team. Sarah Kozlowski joins the secure voice assistant solutions provider as Account Executive. She brings to Volara a knack for developing excellent relations with an enthusiastic attitude and has a deep understanding that relationships and communication are key to any successful venture. "Today more than ever we need to be there for our hotelier clients,” said Volara CEO David Berger. “I'm proud of o
Hotel Lawyer Alert: California Consumer Privacy Act update
Jim Butler | November 11, 2020
By Jim Butler and the Global Hospitality Group® Hotel Lawyers| Authors of www.HotelLawBlog.com 11 November 2020 On November 3rd, Californians voted to approve Proposition 24 which amends the California Consumer Privacy Act to include expanded consumer rights and greater privacy protections. The California Privacy Rights and Enforcement Act – which also establishes an enforcement agency to guarantee strict compliance – places additional obligations on businesses to ensure that consumer data is transparent and secure. Given the scope of the Act and the short timeframe for compliance, hotels should immediately start looking at thei
Moxy Hotels Continues Expansion in Asia Pacific With Debut of First Hotel in Taiwan
Moxy Hotels | November 11, 2020
Marriott International today announced the opening of its first Moxy Hotel in Taiwan, shaking up the city’s hospitality scene with its playful spirit. The experiential and next gen-focused Moxy Taichung is located near many of the city's attractions, including the colorfully quirky Rainbow Village, Zhongshe Flower Market, as well as the street food paradise of Yizhong Street Night Market – all must-visit destinations for the young and young-at-heart. “We are excited to see the arrival of the Moxy brand in Taiwan with the opening of Moxy Taichung,” said Henry Lee, President, Greater China, Marriott International. “This opening mar
COVID-19’s Impact on Values
Rod Clough | November 11, 2020
By Rodney G. Clough, Ryan Mark, Chris Cabrera The hotel sector is most certainly managing its way through the trough of the current downcycle, and a tough winter lies ahead for the U.S. lodging industry, although brighter skies should emerge next year. We took this opportunity to review our valuation findings and compare these to valuations of the same hotels we completed in the years and months leading up to the spring 2020 decline. We have appraised over 1,000 hotels since the start of the pandemic (most from mid-summer to today). Of these, 140 were also appraised by our firm in the 2017–2019 peak-value timeframe. The percentage change
Five Ways Focused Service Hotels Can Increase Direct Voice Bookings
Doug Kennedy | November 11, 2020
By Doug Kennedy Although they are generally outperforming other lodging segments, most if not all focused and selective service hotels are looking to build occupancy and rate. Indeed, hoteliers can and should continue to focus on digital marketing opportunities to the full extent. However, let us not forget some old-school “analog” ways to generate revenue. Here are a few ideas for training and development. • Offer a small cash incentive for every voice booking secured by the front desk. I know some leaders will say that taking voice bookings is already part of the job description, but I can tell you from experience that mon
U.S. Looks Set to Lose 9.2 Million Jobs in 2020 Due to COVID-19 and Travel Restrictions, Says WTTC
November 11, 2020
London, UK: A staggering 9.2 million jobs could be lost in the U.S. Travel & Tourism sector in 2020 if barriers to global travel remain in place, the World Travel & Tourism Council (WTTC) revealed. The new figure comes from WTTC’s latest economic modelling, which looks at the punishing impact of COVID-19 and travel restrictions on the Travel & Tourism sector. According to the latest data, 7.2 million jobs in the U.S. have been impacted. If there is no immediate alleviation of restrictions on international travel, as many as 9.2 million jobs – more than half of all jobs supported by the sector in the U.S. in 2019 – woul