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Impact of COVID-19 on Hotel Insurance Premiums: Are Refunds Possible?
Alex Sogno | June 5, 2020
With many hotels closed worldwide, hotel owners and investors are rightfully looking to their insurance policies for compensation after the pandemic. This article focuses on how to go about adjusting the settings on premiums in order to secure justifiable rebates. By Alex Sogno Much has already been written about insurance issues arising from the Covid19 virus. With many hotels closed throughout the world, it’s inevitable that hotel owners/investors are looking to their insurance policies for compensation under the Business Interruption section. But, sadly, for almost all hotels the probability is that their Business Interruption wordin
Comscore Sees Signs of Recovery in Travel Industry
Comscore | June 5, 2020
Visitation to Online Travel Agencies and Airline sites rose in May 2020 RESTON, Va., June 5, 2020 -- The latest insights from Comscore (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating media across platforms, show an increase in consumer interest across several travel categories, signaling the industry may be showing signs of recovery. According to data from Comscore Media Metrix, visits to travel sites during the five-week period between March 23, 2020 and April 26, 2020 were down as much as 70 percent versus early February 2020, as the coronavirus pandemic altered the global travel landscape. However, May 2
Will Home-Sharing and Luxury Hotels Recover Sooner Than Other Lodging Products?
Linchi Kwok | June 5, 2020
By Linchi Kwok As more places are easing coronavirus restrictions, travel companies are getting ready to reopen their business. Yet, do people want to travel again soon? If so, who are the travelers? STR (Smith Travel Research), a leading data analytics provider for the lodging industry, conducted an opinion survey about travelers’ attitudes towards different types of accommodation facilities based on their preference from the past experience. One assumption for such an analysis is that travelers tend to stick to the same kind of accommodation facility for their trips. STR surveyed 2,391 respondents who showed interest in travel fo
Knowland Announces Getting Back to Business Webinar Series to Give Hoteliers Step-by-Step Plan to Faster Recovery
Knowland | June 5, 2020
June 5, 2020 – Hoteliers are weeding through over-information to determine how to take their hotels forward. This multi-part series will allow hotels to learn the next steps to getting back to business. What a hotel does next depends on if its Recovery Curve is in a leading, on track or delayed position. Join us on a journey to faster business recovery. Seats are limited and filling up fast for this important series and attendance is complimentary. Prior to registering, attendees should visit the free Knowland Hotel Recovery Dashboard to calculate the position of their property’s recovery or K-Curve. Then register for the session that
SmartHands 8-Hour Defense Hand Sanitizer in 2oz Bottles Immediately Available for Hotels. Great for Guests!
Minibar Systems | June 5, 2020
SmartHands™ With microSURE™ 8-Hour Defense Hand Sanitizer And microSURE™ All Purpose Disinfectant Now Available Rockville, MD - Minibar Systems is proud to present the microSURE™ family of persistent sanitizers and disinfectants that use unique mechanical-kill spikes that act as a barrier to provide better protection against germs and viruses beyond hand washing and chemical-kill alcohol based products. 8-HOUR Defense™ hand sanitizer has proven up to 8 hours of defense against germs when properly used and will not crack, dry or burn skin. microSURE™ All Purpose Cleaner and Disinfectant provides nanotechnology micro-crystall
What to Know About Travel Marketing Across Generations Post-COVID-19
Ann Fishman | June 4, 2020
By Ann Fishman Recovery from the fallout of COVID-19’s social distancing orders will be shaped by each generation’s ability and desire to begin traveling again. As travel and hospitality industry leaders begin to think through their future marketing strategies, they should consider the ways in which each generation is formed by unique generational characteristics, which in turn are shaped by historical events during each distinct generation’s formative years. Here are some tips that travel providers can look to when making adjustments to accommodate the future needs and proclivities of distinct generations of American travelers
STR: U.S. Hotel Results for Week Ending 30 May
STR | June 4, 2020
HENDERSONVILLE, Tennessee—STR data ending with 30 May showed another small rise from previous weeks in U.S. hotel performance. Year-over-year declines remained significant although not as severe as the levels recorded previously. 24-30 May 2020 (percentage change from comparable week in 2019): Occupancy: 36.6% (-43.2%) Average daily rate (ADR): US$82.94 (-33.3%) Revenue per available room (RevPAR): US$30.34 (-62.1%) *Previous weekly U.S. weekly occupancy levels: 17-23 May 2020: 35.4% 10-16 May 2020: 32.4% 3-9 May 2020: 30.4% 26 April - 2 May 2020: 28.9% 19-25 April 2020: 26.2% 12-18 April 2020: 24.4
NewcrestImage Opens Canopy by Hilton at Frisco Station in North Dallas
Canopy by Hilton | June 4, 2020
NewcrestImage opens its first Canopy by Hilton tomorrow -- a 150-room, seven-floor hotel at Frisco Station in north Dallas. The property is the third hotel in an innovative four-brand, 600-room “lifestyle hotel campus” developed by NewcrestImage. Operating since August of 2019 are the first two hotels – an AC Hotel and Residence Inn, each with 150 rooms – that are housed together in a dual-brand building. The fourth hotel, a 150-room Hyatt Place, currently has no scheduled date for start of construction. “The opening of this Canopy symbolizes the story of hospitality’s comeback around the country and around the world,” sai