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Menin Hospitality Appoints Steven Hiblum as General Manager of Shelborne South Beach
Shelborne South Beach | April 27, 2020
MIAMI BEACH (April 27, 2020) – Menin Hospitality, a leading collection of upscale lodging, lifestyle restaurants and nightlife venues, announced today that Steven Hiblum has been appointed as general manager of Shelborne South Beach. Miami’s famed 1940s Art Deco gem pioneers the city’s hotel scene, offering unparalleled views of the Atlantic Ocean in a tropical, relaxed setting. “Menin Hospitality is committed to maintaining the utmost standards across our eclectic portfolio of properties,” said Jared Galbut, managing principal at Menin Hospitality. “Steven has a proven track record of results and operational excellence. We are c
Global Hotel Profit Rocked by COVID-19
HotStats | April 27, 2020
In the first analysis of full profit-and-loss performance since the COVID-19 pandemic swept through the global hospitality industry, March was expectedly a brutal month, with the U.S., Europe, Asia and Middle East all recording year-over-year profit drops of 100% or more, according to HotStats data, as the virus’ spread continued unabated, all but shutting down travel. To date, there are more than 2.7 million cases of COVID-19 globally, a third of which are in the U.S., where hotel performance predictably nosedived in March, after a mostly banal February. Gross operating profit per available room (GOPPAR) was down 110.6% YOY to $-12.7
5 Business Agility Lessons Hard-Learned Amid the COVID-19 Catastrophe
Hari Abburi | April 27, 2020
By Hari Abburi If there’s one thing the global business community has learned from the COVID-19 pandemic that continues to ebb, flow and unfold on the daily, wreaking having on bottom lines in every corner of the world in its wake, it’s the outright imperative for companies to be agile “from top to bottom.” In fact, agility is rapidly establishing itself as “the great equalizer,” asserting its unbridled authority over which companies—from global conglomerates to mom and pops...and EVERYTHING in between—will survive another day. While business agility has always been a key driver and benchmark of notably successful opera
Domestic Tourism Poised to Drive Vietnam Travel Industry Recovery as Destination Emerges First in Southeast Asia From Covid Crisis
QUO | April 27, 2020
HO CHI MINH CITY Vietnam’s tourism industry is set to lead Asia’s return to business as social distancing restrictions are lifted and domestic travel is set to return. The Vietnamese government announced the lifting of social distancing restrictions on April 24 setting the stage for the return of a domestic market of up to 70 million travellers per year that has been growing at a rate of 20% for the past five years. Speaking on The Future of Travel podcast by Bangkok-based branding agency QUO, Wink Hotels CEO Michael Piro said that the speed at which Vietnam reacted to Covid-19 revealed an underlying strength and
Marin Management Adds Holiday Inn Hotel & Convention Center in Redding Hotel Management Portfolio
Marin Management, Inc. | April 27, 2020
SAUSALITO, California (April 27, 2020) — Marin Management, Inc., a California-based hotel management company, announced today that it has signed a hotel management contract with Holiday Inn Hotel & Convention Center, a 125-room full service hotel located near the Shasta Cascade region in Redding, California. Conveniently located near downtown Redding, Holiday Inn Hotel & Convention Center offers the area’s largest privately owned convention center, with six meeting rooms and more than 8,000 square feet of event space. On-site amenities include a swimming pool, jacuzzi spa, fitness center, business center, and Braided Mane, the
Hospitality Financial Leadership: Difference Between Expense and Investment
David Lund | April 27, 2020
By David Lund In the hotel business we need to be relevant and on top of the key issues that make our venture successful and ultimately sustainable in the long run. This piece is about how we can differentiate between expenses and investments to make sure we recognize the difference and make the best decisions for the ongoing health of our enterprise. Especially now that we are sidelined and looking for a new normal. What lesson can we learn from how we operated in the past? How will we operate in the future that is more sustainable and healthier? “Toilet paper is an expense.” – David Lund “An investment in knowledge pays th
New Report Shows Severity of COVID-19 Impacts on Hotel Industry
AHLA | April 23, 2020
Washington D.C. (April 23, 2020) — As COVID-19 continues to devastate the hotel industry, the American Hotel & Lodging Association (AHLA) released new data today showing that 70 percent of hotel employees have been laid off or furloughed as eight in 10 hotel rooms across the nation remain empty. As this crisis progresses beyond what anyone could have projected, the impact to the travel industry is nine times worse than 9/11, with forecasted occupancy rates for 2020 hitting record lows worse than rates in 1933 during the Great Depression. “With the impact to the travel industry nine times worse than September 11, the human toll o
COVID-19 “The Hefty Guest”
Hala Matar Choufany | April 23, 2020
And… Suddenly, while we were projecting growth in the MEA region and applauding the ongoing efforts of governments in developing further the tourism infrastructure, improving accessibility, attracting local and foreign investments and easing off travel restrictions, we wake up to a new reality, a serious and destructive threat, and a force that is beyond imagination that will shape our future. An unexpected hefty guest checks-in that will undoubtedly leave behind significant losses and a drastic change to the traditional travel and tourism landscape. As we digest the current changes, adapt to the new norms of confining to the borders