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Will the Covid-19 Pandemic Presage Another Once-a-Decade Contraction in Tourism?
Yong Chen | April 23, 2020
By Yong Chen A difficult time on the horizon Had the novel coronavirus not occurred, 2019 would have been hailed as another year of stellar growth in the global tourism industry. The strongest growth would have been recorded in the Asia-Pacific region not only as a tourist-generating region but also as a destination. In particular, China had propelled the global tourism growth in terms of both tourist numbers and spending over the past decade. Chinese outbound spending outstripped that of the United States in 2012, and by 2018, Chinese tourist spending amounted to US$277 billion. A McKinsey study estimates that Chinese outbound spending was
Is the German Hotel Market Poised to Be One of the Fastest in Europe to Recover From COVID-19?
Arlett Hoff | April 23, 2020
By Arlett S. Hoff A Short Outline of the Pandemic Response in Germany The 2019-20 coronavirus pandemic was confirmed to have reached Germany on 27 January 2020, when the first COVID-19 case brought in by a Chinese visitor at Webasto was confirmed and contained near Munich, Bavaria. The majority of cases in January and early February originated from the headquarters of a car parts manufacturer there. On 25 and 26 February, multiple cases related to the Italian outbreak were detected in Baden-Württemberg. A large cluster linked to a Carnival event was formed in Heinsberg, North Rhine-Westphalia, with the first death reported on 9 March 2020.
U.S. Travel Announces New City, Dates for IPW 2021
The U.S. Travel Association | April 23, 2020
WASHINGTON (April 23, 2020)—The U.S. Travel Association has announced that its annual trade show, IPW, will next be held in Las Vegas May 10-14, 2021. This year's IPW, scheduled to convene in Las Vegas on May 30, was forced to be cancelled due to the coronavirus pandemic. The previously scheduled 2021 host city, Chicago, agreed to step aside for next year and will assume the host mantle in 2025. "This is incredibly welcome good news amid the serious challenges facing the travel industry, the country and the world," said U.S. Travel Association President and CEO Roger Dow. "Cancelling this year's IPW was a difficult though clearly n
ProfitSword Launches Enhanced Support and Best Practices Assistance to Guide Hoteliers With Effective Business Intelligence During Ongoing Market Cris...
ProfitSword LLC | April 23, 2020
Hospitality’s leading provider of business intelligence technology to bolster data management, reporting and advisory support services for customers to maximize financial stability and effective business planning abilities during coronavirus pandemic. ORLANDO, Fla. – (April 23, 2020) – ProfitSword, hospitality’s premier developer of business intelligence and data integration software, has announced the launch of a range of enhanced support services for customers in order to provide them with the analytical insight and industry expert guidance needed to make the best strategic decisions possible for their business during the curren
Xenia Hotels & Resorts Announces Departure of Chief Investment Officer
Xenia Hotels & Resorts, Inc. | April 22, 2020
ORLANDO, Fla., April 22, 2020 - Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced that, due to the severe downturn in lodging demand resulting from the COVID-19 pandemic, the Company has further streamlined its operations and reduced its ongoing corporate expenses by eliminating the role of Chief Investment Officer. As a result, Philip A. Wade, who served as the Company's Senior Vice President and Chief Investment Officer, has left the Company. With this change, the Company's corporate office headcount has been reduced by over 20% since the Company's operations have been impacted by the COVID-19 pan
12 Young Hoteliers From 8 Ownership Companies Donate 25,000 Face Masks to 11 Hospitals in 4 States
April 22, 2020
April 20, 2020 - A dozen young second and third-generation hoteliers at eight leading hotel ownership companies have collaborated to purchase and donate 25,000 protective face masks to 11 hospitals in the four states where the respective companies operate their hotels – California, Texas, Oregon, and Washington. The 12 hoteliers and their eight companies are: Taran Patel, managing partner at A1 Hospitality Group, which operates properties in Oregon and Washington Neal Patel and Avi “Sunny” Patel, founders and managing partners of Blue Chip Hotels, which operates in Texas Shirin Patel, principal at Canterbury Hotel Grou
How Hotels Will Need to Adapt Duty of Care Policies for the Coronavirus Pandemic
Nancy Huang | April 22, 2020
By Nancy Huang Duty of Care, which for hotels is the legal obligation to ensure the safety or well-being of its guests, has always been an important aspect for hotel operations. Though many hotels are currently closed due to the coronavirus pandemic, many hoteliers are already concerned with how they will need to exercise Duty of Care once they reopen. Not only will government standards resulting from the pandemic dictate new requirements from businesses, but the public’s expectations for health and safety will also be markedly different than before. To ensure a smoother reopening for your hotel, we’ve compiled some of the most impo
Six Actions Taken by Chinese Hoteliers as Immediate Remedies for the Coronavirus Crisis
Global Asset Solutions | April 22, 2020
“Cities in China are carefully easing strict prevention measures and access restrictions based on advancements in local public health conditions”. This is the message that citizens have recently shared on their social media profiles. The hospitality sector has been one of the hardest-hit industries in these times. Hoteliers in China have demonstrated resilience and creativity through their countering measures towards the Covid-19 crisis. Today, as hoteliers from all over the globe are facing a similar unprecedented situation, it has become ever-more crucial to pass on the experience to design new scenarios, post-COVID19. We have gat