Four Trends for Beyond Revenge Travel 2.0
Larry and Adam Mogelonsky | March 2nd, 2022
Although Pre-Pandemic Profitability Will Remain Elusive, the Industry Will Make Strides Toward Recovery in 2022
Fran Worrall | January 5th, 2022
3 Ways to Protect Your Hotel’s Revenue From the Impacts of the Coronavirus
GCommerce | March 3, 2020
By Lindley Cotton As the number of people infected with Coronavirus continues to rise while the U.S. stock market continues to drop, the hospitality industry is wondering what the true impact will be in the coming weeks and months. While no one can accurately predict the total damage, we do know that hotels who rely on business from China, Japan and Korea will need to look elsewhere to make up for loss in traffic from these countries. In addition, in the last few days, some of the largest conferences in the world have been canceled due to companies shutting down international travel (and in some cases US domestic travel). The Washington...
New Survey Shows 66% of Americans Unlikely to Cancel Vacation Because of the Coronavirus, but 63% Would Cancel International Business Trip
March 2, 2020
Most Americans would not cancel and upcoming vacation because of the coronavirus threat, but would cancel an international business trip, according to a new series of polls conducted by Reservations.com. One survey shows that respondents predict the global travel industry will suffer from the outbreak. The global death toll of the coronavirus sits at more than 2,400 deaths with the vast majority in China’s Hubei province, the center of the outbreak, with over 2,300 deaths. As of February 22, 2020 there were over 64,000 cases in the epicenter of the outbreak, with over 40,000 patients hospitalized. Only 17 deaths have occurred outside of ...
January Hotel Data Highlights Coronavirus Scourge
David Eisen | February 27, 2020
By David Eisen The World Health Organization says that COVID-19, more commonly known as coronavirus, has the potential to become a pandemic. It’s already rocked the hospitality industry with canceled flights and forced hotel cancellations, even closures. When hotel executives talk about black-swan events — unpredictable occurrences that are beyond what is normally expected of a situation and have potentially severe consequences — coronavirus is about as swannish and dark as it gets. It’s certainly cast a pall over the hotel industry, leaving it reeling in its wake. Worry and uncertainty over the virus’s short-term and full-...
IDeaS Delivers Leading Guidance and Support to Hoteliers Facing COVID-19 Demand Disruption
IDeaS | February 27, 2020
Industry leader produces an educational webinar and actionable guide to help hoteliers proactively manage and recover from significant demand disruption MINNEAPOLIS—Feb. 27, 2020—IDeaS, the world’s leading provider of revenue management software and services, has scheduled a webinar for March 10, 2020 as part of its continued efforts to aid its clients and the global hotel industry. The webinar, “COVID-19: Key Market Impacts and Tips to Optimize in Times of Demand Disruption,” will be co-produced with STR. As a supplement to the webinar, IDeaS will release an educational travel-restriction recovery guide. To learn more and regis...
Pandemics and the Lodging Industry
Anne R. Lloyd-Jones | February 18, 2020
By Anne R. Lloyd-Jones As of the writing of this article, the Coronavirus pandemic is only a few weeks old, yet it is clear that this event is already having a significant impact on the travel industry. The World Health Organization (WHO) has declared the virus, now known as COVID-19, a global health emergency, and individual governments have imposed travel restrictions and other measures, principally directed at travellers arriving from China. To gain some perspective on the potential impact of the current Coronavirus scare on the lodging industry, this article looks at the SARS pandemic of 2003, which has strong parallels to the curren...
Coronavirus: What Impact on the Swiss Hotel Industry
Dr Giuliano Bianchi | February 12, 2020
Following the outbreak of the coronavirus there will inevitably be a shutdown of Chinese tourists. How bad is this for the Swiss tourism industry? Forecasting the Effects of Coronavirus on the Swiss Hotel Industry A novel coronavirus (formally known as 2019-nCoV) has sprung up over the last few weeks, with its epidemic center in Wuhan, the capital of Hubei province (China). Little is known about this virus, but we do know that has an incubation period of 2 to 14 days and a mortality rate of 2.07%, according to CNN. While urgent research is being carried out, authorities are taking steps to contain the spread of the virus by closing air traf...
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