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COVID-19 Outbreak Has Jeopardized UK Hospitality Sector, Says GlobalData
GlobalData | April 30, 2020
The COVID-19 outbreak has caused mass cancellation of corporate events, international congress meetings, sports and social events. International travel bans in addition to the UK’s lockdown and social distancing measures are expected to severely impact the hospitality industry in the UK, says GlobalData, a leading data and analytics company. The hospitality and leisure industry contribute 5% of national GDP and accounts for 10% of employment in the country, according to UKHospitality. The main tourism source markets for the UK are major European countries including Belgium, France, Germany, Ireland, Italy, Spain, the US and Australia. Th
The Los Angeles Market Continues to Lead the U.S. Hotel Construction Pipeline at the Close of the First Quarter of 2020*
Lodging Econometrics | April 30, 2020
April 30, 2020 – PORTSMOUTH, NH - Analysts at Lodging Econometrics (LE) report that at the close of the first quarter of 2020, the top five U.S. markets with the largest total hotel construction pipelines are: Los Angeles with 166 projects/27,752 rooms; Dallas with 164 projects/19,999 rooms; New York City with 152 projects/26,111 rooms; Atlanta with 143 projects/19,423 rooms; and Houston with 132 projects/13,316 rooms. Nationally, under construction project counts hit a new all-time high with 1,819 projects with 243,100 rooms. Markets with the greatest number of projects already in the ground are led by New York City with 108 projects/1
Extended Stay America Opens Newest Location in Hilton Head, South Carolina
Extended Stay America | April 30, 2020
Charlotte, NC, April 30, 2020 — Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the opening of the Extended Stay America – Bluffton – Hilton Head, in Bluffton, South Carolina. This is the fourth corporately owned new construction property to open within the year. The 120-room property features complimentary Wi-Fi, free onsite parking, fitness room, laundry room, and a spacious lobby area for its free breakfast with additional vending options. The Bluffton property’s rooms include fully equipped kitchens with full-size refrigerators, stovetop, cookware, utensils, and dis
WTTC Outlines What “The New Normal” Will Look Like as We Start to Travel
April 30, 2020
London, UK: The World Travel & Tourism Council (WTTC) has outlined what the “new normal” will look like as countries begin to end their COVID-19 lockdowns and ease travel restrictions. “Travelling in the New Normal” is part of WTTC’s plan which includes critical steps and coordinated actions, including new standards and protocols, which offer a safe and responsible road to recovery for the global Travel & Tourism sector as consumers start planning trips again. For the last few weeks, WTTC, which represents the global Travel & Tourism private sector, has been marshalling the efforts of the private sector, sharing be
David Chestler Joins PROVision Partners
PROVision Partners International | April 30, 2020
‘The Revenue Catalyst’ brings strategic expertise and real-world experience bolstering the firm’s hospitality technology advisory and distribution services capabilities New Smyrna Beach, Florida, April 30, 2020 — PROVision Partners International is pleased to announce David Chestler as Senior Managing Director – Distribution and Technology. Nicknamed “The Revenue Catalyst,” the 30-year industry veteran is well-known for being a deeply engaged leader of sales strategy, sales operations, and people management process. Chestler joins the PROVision Partners executive leadership team of Co-Founder and CEO Greg Pesik, Co-Founder an
STR: U.S. Hotel Results for Week Ending 25 April
STR | April 30, 2020
HENDERSONVILLE, Tennessee—Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 19-25 April 2020, according to data from STR. In comparison with the week of 21-27 April 2019, the industry recorded the following: Occupancy: -62.2% to 26.0% Average daily rate (ADR): -42.9% to US$73.61 Revenue per available room (RevPAR): -78.4% to US$19.13 Year-over-year declines were less steep than previous weeks due to a comparison with the time of Passover in 2019. Additionally, absolute occupancy rose slightly
STR: Canada Hotel Results for Week Ending 25 April
STR | April 30, 2020
HENDERSONVILLE, Tennessee—Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 19-25 April 2020, according to data from STR. In comparison with the week of 21-27 April 2019, the industry reported the following: Occupancy: -76.9% to 15.0% Average daily rate (ADR): -32.2% to CAD101.22 Revenue per available room (RevPAR): -84.4% to CAD15.14 Among the provinces and territories, Quebec experienced one of the largest drops in occupancy (-87.7% to 7.9%), which pushed the steepest decrease in RevPAR (-91.6% to CAD8.20). Newfoun
IDeaS Increases Investment in Education and Releases Revenue Management Online Learning to the Public
IDeaS | April 30, 2020
In uncertain times, IDeaS opens its Revenue Management Foundations courses to all and partners with renowned universities to educate and empower tomorrow’s revenue leaders Tweet This: @IDeaS_RevOpt is now offering its Revenue Management Foundations courses to the global revenue management community free of charge. www.ideas.com/news MINNEAPOLIS—April 30, 2020—Maintaining an active role in empowering the industries it serves, IDeaS, the revenue science pioneer, announced today it has made its Revenue Management Foundations courses available to the global revenue management community, free of charge. Additionally, it has added the W