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Live Survey Reveals 50 Percent of Hotels Not Planning to Close Properties Due to COVID-19
Knowland | March 27, 2020
Leading group hospitality analytics firm, Knowland, conducts webinar to inform hoteliers on best practices during a time of crisis, with a focus on key recovery strategies ARLINGTON, Va. — March 27, 2020—Knowland, the leader in group hospitality analytics for hotels, convention and visitor bureaus, conference centers and other meeting venues, announced today the results of a live survey of more than 700 hoteliers conducted during its informative webinar “COVID-19 Preparing Today for Success Tomorrow.” Knowland’s VP of product management, Kristi White provided insight and guidance during a webinar held on March 25, 2020 and is ava
SureStay Hotel® by Best Western Fairfield Napa Valley Makes Its Debut in California
Best Western Hotels & Resorts | March 27, 2020
Fairfield, California (March 27, 2020) The SureStay Hotel by Best Western Fairfield Napa Valley has opened its doors in Fairfield, California, and invites travelers to experience one of the newest hotel brands in the industry – the SureStay Hotel Group®. The SureStay Hotel by Best Western Fairfield Napa Valley will provide guests with an experience they can count on and the amenities today’s travelers have come to expect. The SureStay service promise reflects the brand and the hotel’s commitment to providing quality service and value to its guests. Located at 3331 N. Texas St. in Fairfield, California, the hotel features 100 wel
AHLA Applauds House Passage of CARES Act
AHLA | March 27, 2020
WASHINGTON (March 27, 2020) – The following is a statement from Chip Rogers, AHLA president and CEO, on the House passage of the CARES Act. “The hotel industry applauds Congress and the Administration for their tireless work in response to this unprecedented public health crisis. We appreciate Speaker Pelosi and Minority Leader McCarthy for their leadership. By passing the CARES Act, Congress has taken a critical first step to provide immediate support for American workers and the industries that drive our economy. “We continue to support the underlying foundation of the CARES Act, which seeks to help millions of workers and thous
International Tourist Arrivals Could Fall by 20-30% in 2020
March 27, 2020
The World Tourism Organization (UNWTO) has released its updated assessment of the likely impact of the COVID-19 on international tourism. Taking into account the unparalleled introduction of travel restrictions across the world, the United Nations specialized agency for tourism expects that international tourist arrivals will be down by 20% to 30% in 2020 when compared with 2019 figures. However, UNWTO stresses that these numbers are based on the latest developments as the global community faces up to an unprecedented social and economic challenge and should be interpreted with caution in view of the extreme uncertain nature of the current cr
Hilton Corporate Response to COVID-19
Hilton | March 27, 2020
McLEAN, VA - The novel coronavirus (COVID-19) has created unprecedented challenges for our industry, our hotels and our Team Members. Hilton Worldwide Holdings Inc. (NYSE: HLT) is taking decisive action to protect the core of its business and support affected Team Members until this crisis passes and travel resumes. With travel at a virtual standstill, operations have been suspended across many managed and franchised hotels, and those hotels that remain open have reduced services for guests because of decreased occupancy levels. At the corporate level, Hilton is taking the following actions to significantly reduce expenses and preserve l
What Key Indicators Are Hotel Management Company CROs Tracking?
March 27, 2020
By Christopher Durso When it comes to determining the full scope of the coronavirus effect, hotel management companies are monitoring specific key indicators, as the three dozen participants in HSMAI’s HMC Chief Revenue Officer Virtual Roundtable — presented online on March 25 — shared. Four indicators topped their list: 1. CASH FLOW: Renegotiating vendor agreements — “One of the things that we’re looking at doing as a sort of first line of defense to protect cash flows is, every single vendor agreement we have, we’re either renegotiating or we’re asking to suspend payment for 90 days, even if that means suspending
Preliminary Mexico Hotel Results for Week Ending 21 March
STR | March 27, 2020
Note: To inform the industry during the COVID-19 pandemic, STR will temporarily publish weekly communication for Mexico based on preliminary data. This preliminary data represents a percentage of STR’s total sample for the region. Once monthly processing is complete, data points will likely appear different. Mexico’s hotel industry showed clear effects of the COVID-19 pandemic with sharp year-over-year declines in the three key performance metrics during the week of 15-21 March 2020, according to preliminary data from STR. In comparison with the week of 17-23 March 2019, Mexico hotels reported the following: Occupancy: -54.2% t
Preliminary Caribbean Hotel Results for Week Ending 21 March
STR | March 27, 2020
Note: To inform the industry during the COVID-19 pandemic, STR will temporarily publish weekly communication for the Caribbean based on preliminary data. This preliminary data represents a percentage of STR’s total sample for the region. Once monthly processing is complete, data points will likely appear different. The Caribbean hotel industry continued steep year-over-year declines in the three key performance metrics during the week of 15-21 March 2020, according to preliminary data from STR. In comparison with the week of 17-23 March 2019, the Caribbean reported the following: Occupancy: -61.3% to 30.6% Average daily rate (