Forward-Thinking Hotels and Casinos Take Control of the Silver Lining During Uncertain Times
Robb Monkmann | April 2nd, 2020
St. Regis Hotels and Resorts Debuts in China’s Coastal City of Qingdao
St. Regis Hotels & Resorts | August 2, 2021
QINGDAO, CHINA — August 2, 2021 — St. Regis Hotels and Resorts, part of Marriott International's portfolio of 30 extraordinary brands, today announced the debut of The St. Regis Qingdao. The highly anticipated opening marks the first Marriott International luxury brand hotel in the northeastern Shandong region. Strategically located in the landmark Haitian Center in the heart of historic Qingdao, the hotel is set to delight the city’s luminaries and tastemakers with its elegant design, refined craftsmanship and time-honored signature rituals. "We are very excited to expand our luxury footprint to one of the most beautiful coa...
U.S. Travel Reacts to Latest Job Figures
U.S. Travel Association | March 5, 2021
WASHINGTON — March 5, 2021 —The U.S. Leisure & Hospitality sector gained 355,000 jobs in February and the industry’s unemployment rate now stands at 13.5%—compared with 379,000 jobs gained and a 6.2% unemployment rate for the overall economy, according to the monthly employment report released Friday by the Department of Labor. U.S. Travel Association President and CEO Roger Dow issued the following comment: “While today’s report shows travel industry jobs heading in the right direction, the fact remains that the Leisure & Hospitality sector’s total jobs are still at just 80% of the levels we saw last February—a sta...
Commonwealth Hotels Appoints Mick Douthat as General Manager of Hampton Inn Cincinnati Airport South
Commonwealth Hotels | November 13, 2020
COVINGTON, Ky., Nov. 12, 2020 - Commonwealth Hotels is excited to announce the addition of Mick Douthat as General Manager of our Hampton Inn Cincinnati Airport South. The beautiful property is located in the heart of Florence, KY and offers over 116 spacious guest rooms. The hotel is owned by Corporex and managed by Commonwealth Hotels in Covington, KY. Commonwealth Hotels is overjoyed to have Mick join the team. "Mick will be the driving force in leading the Hampton Inn Cincinnati Airport South to success in 2021," Michael Blanton, Senior Area Director of Operations, said. "We could not be more excited to welcome his extended exper...
U.S. Looks Set to Lose 9.2 Million Jobs in 2020 Due to COVID-19 and Travel Restrictions, Says WTTC
November 11, 2020
London, UK: A staggering 9.2 million jobs could be lost in the U.S. Travel & Tourism sector in 2020 if barriers to global travel remain in place, the World Travel & Tourism Council (WTTC) revealed. The new figure comes from WTTC’s latest economic modelling, which looks at the punishing impact of COVID-19 and travel restrictions on the Travel & Tourism sector. According to the latest data, 7.2 million jobs in the U.S. have been impacted. If there is no immediate alleviation of restrictions on international travel, as many as 9.2 million jobs – more than half of all jobs supported by the sector in the U.S. in 2019 – woul...
UK Looks Set to Lose 2.4M Jobs in 2020 Due to COVID-19 and Travel Restrictions, Says WTTC
WTTC | November 3, 2020
03/11/2020 - UK looks set to lose 2.4m jobs in 2020 due to COVID-19 and travel restrictions, says WTTC New figures reveal small, but positive job gains driven by air corridors In present circumstances, 1.9m UK Travel & Tourism jobs already lost Worst forecast can be avoided through international cooperation London, UK: A staggering 2.4 million jobs could be lost in the UK Travel & Tourism sector in 2020 if barriers to global travel remain place, the World Travel & Tourism Council (WTTC) revealed. The new figure comes from WTTC’s latest economic modelling, which looks at the punishing impact of COVID-19 and tr...
Pebblebrook Hotel Trust Reports Third Quarter 2020 Results
Pebblebrook Hotel Trust | November 2, 2020
BETHESDA, Md.--Pebblebrook Hotel Trust (NYSE:PEB): REOPENING OF HOTELS AND RESORTS 39 hotels and resorts currently open, which is approximately three-fourths of the Company’s portfolio; these 39 properties accounted for 76% of Pebblebrook’s 2019 Hotel EBITDA Demand in the third quarter continued to increase from the second quarter’s all-time low, with healthy leisure business throughout the quarter and a modest post-Labor Day improvement in business travel In October, the Company reopened Hotel Vintage Portland, Hotel Zena Washington DC, The Heathman in Portland, and Hotel Vintage Seattle AVERAGE MONTHLY CASH ...
Four Points by Sheraton Expands in Thailand With Opening of Four Points by Sheraton Phuket Patong Beach Resort
Four Points by Sheraton | October 5, 2020
Four Points by Sheraton makes a breakthrough today in Thailand with the opening of Four Points by Sheraton Phuket Patong Beach Resort. With 600 guestrooms, the hotel is conveniently located in the heart of Phuket’s most famous beach destination. Whether travellers are visiting for work or fun, the hotel is sure to cater to the needs of today’s every day traveller with its approachable design, stylish comfort and all of the brand’s popular extras. “We are excited to see the opening of the Four Points by Sheraton brand in a resort destination with the opening of Four Points by Sheraton Phuket Patong Beach Resort,” said Rajeev Menon...
Survey: 74% of Hotels Will Lay Off More Employees Without Further Aid
AHLA | September 21, 2020
WASHINGTON (September 21, 2020) – As devastated industries wait for Congress to pass another round of COVID-19 recovery legislation, a new survey of American Hotel & Lodging Association (AHLA) members shows that the hotel industry remains on the brink of collapse because of the pandemic. Results show 68 percent of hotels have less than half of their typical, pre-crisis staff working full time, and without further governmental assistance, 74 percent of respondents said they would be forced to lay off additional employees. AHLA conducted the survey of hotel industry owners, operators, and employees from September 14-16, 2020, with mor...
Study: 40% of Excess Unemployment Is in Leisure & Hospitality Sector
The U.S. Travel Association | August 12, 2020
WASHINGTON (August 12, 2020)—Faced with a fresh round of bleak employment data, the American travel industry is renewing its pleas for leaders in Washington to return to the negotiating table and finalize another coronavirus-related relief package—without which the prospects for an overall U.S. economic recovery look increasingly grim. A report prepared for the U.S. Travel Association by Tourism Economics finds a bevy of chilling jobs figures—and underscores the fact that an overall U.S. employment recovery will not be successful unless the hard-hit travel and tourism industry can be safely restarted: 40% of excess U.S. unemploy...
Survey: Only 37 Percent of Hotels Have Brought Back at Least Half of Their Employees
AHLA | July 29, 2020
WASHINGTON (July 29, 2020) – As Congress debates a new round of COVID-19 recovery legislation, a new survey of American Hotel & Lodging Association (AHLA) members shows that the pandemic continues to have a devastating effect on the hotel industry and its employees. Results show nearly nine in ten hotels have been forced to lay off or furlough employees due to COVID-19 and the resulting drop in travel. Four months into the crisis, only 37 percent of survey respondents report that they have been able to bring back at least half their full-time employees. To raise awareness for hotel industry priorities, AHLA is declaring Wednesday, Ju...
COVID-19: Impact on the Hospitality Workforce
Sukrit Dogra | July 20, 2020
By Sukrit Dogra The ruthless march of COVID-19 throughout the globe is first and foremost a human tragedy, affecting the health of hundreds of thousands of people. The consequences of measures taken worldwide to curb the pandemic are having a growing impact on the global economy. This article aims to offer key highlights on the impact being felt by the industry due to factors including, but not limited to, the migratory nature of the hospitality work force and the pause on global travel, tourism and restaurant services. Business impact on travel and tourism Accounting for the unprecedented travel restrictions, the United Nations ...
Metro Detroit’s Hospitality Industry Employment Hits Record Highs Before COVID-19
The Workforce Intelligence Network (WIN) | July 8, 2020
DETROIT, July 8, 2020 - Metro Detroit's tourism and hospitality employment prior to the COVID-19 pandemic reached record levels in 2020 and it was ranked as one of the largest industries in the region and statewide, the Detroit Metro Convention & Visitors Bureau said today. A study by the Workforce Intelligence Network (WIN) and commissioned by the DMCVB in February, found that before the pandemic hit, tourism and hospitality contributed 463,840 direct jobs to the metro Detroit economy. Additionally, another 23,000 indirect jobs were tied to hospitality. In a normal year, tourism and hospitality make up about 25 percent of all metr...
The Castell Project, Inc. Releases “Black Representation in Hospitality Industry Leadership 2020” Report
Castell Project | June 29, 2020
ATLANTA, June 29, 2020—Officials of Castell Project, Inc., a 501(c)3 nonprofit organization dedicated to accelerating the careers of women professionals in the hospitality industry, today released the “Black Representation in Hospitality Leadership 2020” report. The statistical document reflects the industry prior to the ongoing pandemic. Castell Project plans to release an updated report in January to show the impact on Black representation as the industry rehires. “While Black women and men account for one in five hospitality jobs according to the US Department of Labor, our research found they are a mere one in 65 hospitalit...
Hospitality Financial Leadership – Everyone Is Famous for 15 Seconds
David Lund | June 22, 2020
By David Lund This pop culture expression was coined by Andy Warhol and a friend Nat Finkelstein in 1968. I’m taking some liberties here but in 1968 it was 15 minutes of fame and in today’s world – who’s got 15 whole minutes anymore – it’s 15 seconds! This story is about my 15 seconds of so-called fame. Fame to me is a funny concept: Who would actually like to be famous and have people bothering you all the time? You lose your privacy and lord knows that could be just a little bit embarrassing from time to time with very little privacy. That’s not for me. I remember writing an answer to this question on a leadership progra...
The Hotel Industry’s Post-COVID-19 Recovery Could Look Like This — or Not
HotStats | June 12, 2020
COVID-19 dealt the global hospitality industry a vicious blow. A Chuck Norris roundhouse kick combined with a Mike Tyson uppercut that left it immobile. The scores of hotel closures and staggering number of job losses are evidence of the pandemic’s pernicious impact on the industry. An overwhelming number of hotels have suspended operations because of lack of demand, while hotels that remain open are running bare-bone operations. Meanwhile, labor, which two months ago was the hotel industry’s biggest concern — finding it and paying for it — is no longer such a worry because there is hardly any of it left. In the U.S., leisure an...
Nearly 3 Million UK Travel & Tourism Jobs Could Be Lost Due to Prolonged Travel Restrictions, According to New Research From WTTC
June 9, 2020
09/09/2020 - • Up to 2.9 million jobs are at risk in the UK Travel & Tourism sector alone • Prolonged travel restrictions could result in the loss of $186bn to UK GDP • 1.7m jobs could be saved if restrictions are removed in June • Worst-case scenario can be avoided if UK follows four-point plan for recovery London, UK: Nearly three million jobs could be lost in the UK Travel & Tourism sector if barriers to global travel, such as quarantine measures and blanket anti-travel advisories remain in place, according to new research from the World Travel & Tourism Council (WTTC). The deva...
Industry Dematerialisation
Youri Sawerschel | May 14, 2020
By Youri Sawerschel What services can hotels offer that digital upstarts can’t? For centuries, the core of the hotel business has been essentially the same everywhere. Sell rooms, check in the guests, serve breakfast and check them out. But now Online Travel Agencies (OTAs) have taken over the booking element, apps like Deliveroo and Uber Eats offer a myriad of breakfast, lunch and dining options, and Airbnb is challenging even the room portion of the business. This disruption has forced hoteliers to rethink their value proposition around a simple question: what can I offer that these digital upstarts can’t ? One answer to th...
Hard Rock International (HRI) Acquires Full Intellectual Property Rights to Hard Rock Hotel & Casino® in Las Vegas in Deal With Juniper Capital
Hard Rock | May 13, 2020
HOLLYWOOD, Fla., May 13, 2020 - Hard Rock International (HRI) announced today that the world-renowned entertainment and hospitality brand has purchased all rights to the Hard Rock® brand and related trademarks in Las Vegas from Houston-based private equity firm, Juniper Capital, which purchased the Hard Rock Hotel & Casino® Las Vegas in 2018 from Brookfield Asset Management. The transaction allows HRI exclusive full rights to memorabilia, signage and merchandise, along with intellectual property rights for affiliated restaurant and entertainment trademarks and website domain names. Effective immediately, HRI and its affiliates will no...
STR: U.S. Hotel Results for Week Ending 11 April
STR | April 15, 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 5-11 April 2020, according to data from STR. In comparison with the week of 7-13 April 2019, the industry recorded the following: Occupancy: -69.8% to 21.0% Average daily rate (ADR): -45.6% to US$74.18 Revenue per available room (RevPAR): -83.6% to US$15.61 “There was not much of a change from last week. As we’ve noted, RevPAR declines of this severity are our temporary new normal,” said Jan Freitag, STR’s seni...
Forward-Thinking Hotels and Casinos Take Control of the Silver Lining During Uncertain Times
Robb Monkmann | April 2, 2020
By Robb Monkmann Let’s face it, the countless 2020 industry predictions we read in December 2019 did not prepare us for this. Business school, quite frankly, couldn’t prepare us for this. Hoteliers, a few mere months ago, found themselves facing the year ahead with unbridled optimism. We relished in the promise of continued innovation, while hotels were poised to welcome an influx of eager travelers, and revenue projections boasted an upward trajectory. And now? We find ourselves in uncharted territory, facing — arguably — more uncertainty than we ever have before. Not to say COVID-19 is the first pandemic to impact the hospital...
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...
State by State Breakdown: Negative Impact of Coronavirus Pandemic on Hotel Industry Employment
March 23, 2020
Click here to download fact sheet with state by state data on estimated job losses for hotel industry. (Source: American Hotel and Lodging Association/Oxford Economic Study) The hotel industry is facing an abrupt and unprecedented drop in hotel demand that is gaining pace and getting progressively deeper and more severe week by week. AHLA and top hotel CEOs met with President Trump and Congress this week to seek urgent assistance to keep hotels from shuttering, protect millions of employees from losing jobs. Based on current occupancy estimates, the American Hotel & Lodging Association (AHLA) says four million tota...
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