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American Hotel Income Properties REIT LP Provides Business Update
American Hotel Income Properties REIT LP | June 16, 2020
Occupancy rates continue to improve, with nine consecutive weeks of growth and total portfolio occupancy of approximately 48% in the past week Given the current pace of occupancy growth, AHIP is approaching breakeven cashflow and currently anticipates generating positive cashflow by the end of Q3 2020 Successfully restructured payments on approximately 70% of its CMBS loans Achieved waiver of financial covenants through Q1 2021 on its credit facility All financial figures are presented in US dollars, unless otherwise noted. VANCOUVER, BC, June 15, 2020 - American Hotel Income Properties REIT LP ("AHIP" or "the Company") (
RIU Hotels & Resorts Launches RIU Protect, a New Healthcare Service for Its Customers
RIU Hotels & Resorts | June 16, 2020
The RIU Hotels & Resorts chain presents RIU Protect, a new service for its customers that provides medical assistance to its guests, including any affected by COVID-19 infection during their holidays. This is a unique and differentiating product, designed with insurance support from AXA XL and the guidance of Mercer Marsh Benefits, with which the hotel chain wants to offer extra safety to its customers when they take their holiday trips during this crisis caused by the COVID-19 pandemic. Accessing the service will be very easy. When booking with RIU through its website or call center, the customer will automatically receive this servic
Updates Announced to 2020 Hotel Data Conference
Hotel Data Conference | June 16, 2020
HENDERSONVILLE, Tennessee—The 2020 edition of the Hotel Data Conference will feature a hybrid format and limited in-person attendance to accommodate for social distancing measures and travel challenges around the COVID-19 pandemic. “We are confident that this updated format will provide the value expected by our industry while placing non-negotiable emphasis on safety,” said Patrick Mayock, an STR VP and co-lead of the HDC Planning Committee. “At the same time, we understand that HDC will be one of the first industry events out of the gate and can provide a template for conferences set for later this year and early in 2021.”
Swiss-Belhotel International Signs MOU for New Resort in Mui Ne, Vietnam
June 16, 2020
Swiss-Belhotel International, one of the world’s fastest-growing hotel management groups, is continuing to expand its comprehensive footprint in South East Asia with new development in the exotic beach destination of Mui Ne, Vietnam. Swiss-Belhotel International remains confident in the exciting tourism market of Vietnam which they have been involved in since 1994. Mr. Edward J. L. Faull, Swiss-Belhotel Senior Vice President Operations and Development – Vietnam and Thailand, said Vietnam’s economic elasticity has always been strong and its ability to bounce back after a crisis is impressive, post-COVID will be no different. Partne
Cambria Hotels Awards New Franchise Agreements, Expands With New Groundbreakings
Cambria Hotels | June 16, 2020
ROCKVILLE, Md., June 16, 2020 - Cambria Hotels, an upscale brand franchised by Choice Hotels International, Inc. (NYSE: CHH), continues its impressive year of growth having recently surpassed 50 open hotels. Cambria has signed several franchise agreements since the beginning of the year, adding to its robust pipeline in major markets such as Jacksonville and Tampa, Florida; Nashville, Tennessee; and Atlanta, Georgia. The brand also broke ground on three new hotels in Austin, Texas; downtown Minneapolis; and Somerville, Massachusetts, which join 26 other Cambriahotels currently under construction. Choice continues to demonstrate its commitment
Allied for Action: Tourism’s Restart Brings Hope for Millions
UNWTO | June 16, 2020
Global tourism has never been more united than it is now. Both in assessing the impact of COVID-19 and in looking at how we can restart tourism in a responsible way, based on the best that our sector has to offer: sustainability, innovation, collaboration and solidarity. It’s more than three months since the World Health Organization declared the COVID-19 pandemic. The crisis continues to threaten jobs and livelihoods in tourism and beyond. Changing gears to #RestartTourism The UNWTO led Global Tourism Crisis Committee supported our guidelines to restart tourism, and we are now transforming this determination into concrete actions
3 Simple Steps to Ensure Cleanliness Amid Covid-19 Worry
HotStats | June 16, 2020
COVID-19 has amplified the call for hotel cleanliness. Long after the virus is gone, the dangers of germs will linger in guests’ minds — producing anxiety with every sneeze, every handshake and every dubious surface. It’s up to hoteliers to both protect visitors and put their minds at ease. For hoteliers, the only way forward is through a fresh hotel cleanliness strategy. In this article, we’ll lay out a plan to not only keep guests safe, but also calm their nerves about virus threats. Here’s how to assure visitors of hotel cleanliness during and after COVID-19. Step 1: Reevaluate Your Deep Cleaning Plan Before the travel in
Hilton Update on Corporate Response to COVID-19
Hilton | June 16, 2020
McLEAN, Va. - The novel coronavirus (COVID-19) has created unprecedented challenges for the travel and tourism industry. Hilton Worldwide Holdings Inc. (NYSE: HLT) took early and decisive action to boost liquidity and reduce corporate expenditures. Hilton today announced additional measures to reduce its cost structure, including the intended reduction of approximately 2,100 corporate roles globally, and the extension of previously announced furloughs, reduced hours, and corporate pay reductions for up to an additional 90 days. Christopher J. Nassetta, President & Chief Executive Officer of Hilton, said, “Never in Hilton’s 10