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Domestic Business Travel Continues to Trend Toward Recovery
The Global Business Travel Association | August 13, 2020
Alexandria, VA (August 13, 2020) – GBTA member companies worldwide, report an emerging willingness to permit employees to engage in domestic business travel, according to the latest poll conducted between August 5-9, 2020, by the Global Business Travel Association (GBTA). Respondents to the poll; the 10th bi-weekly survey conducted among GBTA’s members since the onset of the coronavirus pandemic in February, continue to report virtually no willingness for employees to travel internationally, with 93% indicating the pandemic has curtailed all or most international business trips. By comparison, 74% of respondents report that the pandemi
STR: U.S. Hotel Results for Week Ending 8 August
STR | August 13, 2020
HENDERSONVILLE, Tennessee—U.S. hotel performance data for the week ending 8 August showed slightly higher occupancy and room rates from the previous week, according to STR. 2-8 August 2020 (percentage change from comparable week in 2019): Occupancy: 49.9% (-32.6%) Average daily rate (ADR): US$100.88 (-24.9%) Revenue per available room (RevPAR): US$50.37 (-49.4%) U.S. occupancy has risen week over week for 16 of the last 17 weeks, although growth in demand (room nights sold) has slowed. Aggregate data for the Top 25 Markets showed lower occupancy (41.7%) and ADR (US$98.90) than all other markets. Norfolk/Virginia
STR: Canada Hotel Results for Week Ending 8 August
STR | August 13, 2020
HENDERSONVILLE, Tennessee—STR data for 2-8 August 2020 shows a continued steady rise in Canada’s hotel performance but the same significant level of year-over-year declines. In comparison with the week of 4-10 August 2019, the industry reported the following: Occupancy: -48.6% to 39.9% Average daily rate (ADR): -28.6% to CAD132.53 Revenue per available room (RevPAR): -63.3% to CAD52.85 British Columbia was the only province to reach a 50% occupancy level (50.2%). Two additional provinces reached a 40% occupancy level: Manitoba (42.4%) and Ontario (40.4%). Ottawa (38.9%), Edmonton (34.9%) and Vancouver (35.
sbe Bringing Delano Brand to Europe With 2023 Opening of Delano Porto Cervo in Costa Smeralda, Sardinia Italy
sbe | August 13, 2020
MIAMI, Aug. 13, 2020 - sbe, the leading international hospitality group that develops, manages and operates award-winning brands, today announced the expansion of the iconic Delano brand to Europe. Delano Porto Cervo in Costa Smeralda, Sardinia Italy, expected to open by June 2023, represents the next stage of international growth for sbe and the Delano brand in one of the world's most idyllic and sought-after travel destinations. Celebrating its 25th year of delivering trendsetting boutique hospitality to its customers, Delano will continue its legacy of unparalleled luxury, relaxation and beauty at its new Sardinian location, wh
Counting the Social Costs of Tourism in the COVID-19 Era
PolyU’s School of Hotel and Tourism Management | August 13, 2020
During the COVID-19 pandemic, tourism scholars and practitioners have directed their attention to local communities in tourist destinations, examining their safety and well-being and the costs that they bear due to tourism activities. Yet according to the SHTM’s Professor Haiyan Song and Dr Jinah Park and their co-researchers, it is now time to discuss the social costs of tourism during crises. How much are local communities willing to sacrifice to reduce these costs? Analysing local residents’ willingness to pay to alleviate public health risk, the researchers explored the situation through an economic lens. Their findings have importan
Pandemic Pricing Principles for Hotels
Vikram Singh | August 13, 2020
By Vikram Singh This is my second pandemic-themed article, following the last magnum opus on Hotel Marketing and Revenue Management in the Time of Pandemic. I was definitely hoping for things to be better by now. I still have a lot of optimism. However, for now, the hospitality and travel industry must continue to undergo a massive overhaul in how we think about and operate almost every single department. Owners, employees, brands and investors will continue to take a direct hit from an event that we thought was only possible in disaster movies. But there are things we can do to mitigate our losses. Pricing needs your attention today, a
Nobody Asked Me, But… No. 235: Hotel History: Cavallo Point, The Lodge at the Golden Gate (1901)
Stanley Turkel | August 12, 2020
By Stanley Turkel, CMHS Hotel History: Cavallo Point Lodge, Sausalito, California (142 rooms) The history of the spectacular site of the Lodge at the Golden Gate commences with the coastal Miwok Indian tribes who occupied Horseshoe Cove long before there was a Golden Gate Bridge. In 1866, the U.S. Army acquired the site for a military base to fortify the north side of the harbor entrance. The twenty-four buildings around the ten-acre parade ground at Fort Baker were developed between 1901 and 1915. Designed in the Colonial Revival architectural style as permanent housing for the Coast Artillary Corps (active from 1907-1950), Fort Bak
Value Reigns in the Hotel Recovery Phase
Larry Mogelonsky | August 12, 2020
By Larry Mogelonsky, MBA, P. Eng. (www.hotelmogel.com) The summer of COVID-19 for hotels has meant a dominance of local leisure guests and road trips as we await the return of group travel to boost our occupancies and our margins. With the approaching next normal of autumn, winter, more properties reopening and less overall desirability for a vacation to a domestic location during the colder months, it would be all too easy to succumb to a price war. Fortunately, we know the ramifications of a price reduction, notably that it erodes your customer base by making it harder to return to your standard rates. And yet, market forces will dict