cancellations
COVID-19: Industry Leaders Speak Out on the Future of the Meeting Business
Hospitality Upgrade | March 12, 2020
by Fran Worrall, Hospitality Upgrade Editor Yesterday, the World Health Organization announced that COVID-19—the viral disease that has swept the globe and killed more than 4,200 people—is officially a pandemic. At the same time, President Donald Trump announced that travel from Europe to the U.S. would be restricted for 30 days, beginning tomorrow at midnight. Analysts are saying the virus is having a bigger impact on global aviation than 9/11. And a recent Skift Research survey indicates that nearly one-third of U.S. travelers are deferring their plans. A number of industry conferences and meetings have been cancelled or postponed, a...
Knowland Insights: Coronavirus Pandemic – Hotel Group Impact and Actions
Knowland | March 12, 2020
Large losses of business, mitigation in the short term and positioning for an eventual rebound Washington, DC (March 12, 2020) Knowland, the leader in revenue-generating hospitality meetings data and analytics, is tracking the impact of the Coronavirus pandemic on group business for the hotel industry. Today, Knowland announced estimated group cancellation rates across a 90 - 120 day booking window for the US/North America, Asia Pacific and Europe regions. As expected, Asia Pacific has the highest cancellation rate with 90%, while U.S./North America hotels report a 40% cancellation rate for events and meetings. The U.S./North America ...
The First Rule of Coronavirus: Don’t Panic
March 10, 2020
March 10, 2020 -- Coronavirus may seem like it’s come out of nowhere, but hospitality revenue optimization professionals have been here before. From Sept. 11 to SARS to one hurricane season after another, they have not just survived plenty of crisis events but thrived in the aftermath. The number-one thing to keep in mind, according to Timothy Wiersma, founder and principal of Revenue Generation LLC and chair of HSMAI’s Revenue Optimization Advisory Board: Don’t panic. Wiersma shared some additional advice for revenue professionals in a recent interview with HSMAI. When it comes to responding to the coronavirus, what should hospit...
New GBTA Research Shows Coronavirus Continues to Impact the Business Travel Industry
Global Business Travel Association | March 10, 2020
Alexandria, VA -- March 10, 2020 -- The coronavirus (COVID-19) continues to impact the global business travel industry, with companies canceling meetings and instituting blanket business travel cancellations, according to the latest research conducted by the Global Business Travel Association (GBTA). GBTA members routinely send their employees to meetings and events throughout the world, with the primary destinations being North America, Europe, China, and the Asian Pacific region. To understand the coronavirus’s effects on business travel, GBTA conducted its third lightning poll of membership on March 4-6, 2020. GBTA received response...
Coronavirus Fears Should Be Less Hype and Hospitality Can Help / Frank Wolfe
Frank Wolfe, CAE, FIH | March 9, 2020
March 9, 2020 -- Early this morning I was pulled off the beach (in my dreams) by a series of rapid-fire instant messages and emails. For those who have kids, it was like one of those middle of the night calls when they are staying overnight at a friend’s house. Immediately your adrenaline builds, you get instant sweats and you can feel the beat of your heart reverberating through the entire bed frame. The reason for this interruption was that ONE confirmed case of the coronavirus had been announced in a city where HFTP is participating in several events this month. Only one case of a virus and already we were being asked if we were going...
