Mainland China Hotels Show Early Signs of Recovery
Mainland China’s daily hotel occupancy reached an absolute level of 31.8% on 28 March, according to preliminary data from STR.
Home2 Suites by Hilton Clovis Fresno Airport Opens in California
Brings 111 Suites to the Clovis/Fresno Region
Two-fifths of Global Airine Passenger Traffic and Almost Half of Revenues Wiped out in 2020
Economic Analysis Shows COVID-19 is an Existential Threat to Airport Business
Canadian Hotel Occupany Drops Further to 14.8 Percent for Week Ending 28 March 2020
During the week of 22-28 March, Canadian hotel occupancy fell 76.1% to 14.8%, ADR decreased 25.1% to 109.66 Canadian dollars ($77.15) and RevPAR plummeted 82.1% to CA$16.23 ($11.42).
Tourism Industry Needs to Prepare for the Return of Tourism Post COVID-19
Following news that cruise operator Royal Caribbean has urged its trade partners to be ready for a bounce back once the coronavirus (COVID-19) travel restrictions are lifted
Delay of 2020 Olympics Devastating for Tokyo Lodging Industry
Major players based in the Japanese capital will be relieved that an Olympic cancellation has been avoided, but smaller operators will be unable to see a silver lining, says GlobalData, a leading data and analytics company.
China To Lift Travel Restrictions – From April 8 Residents In Wuhan Will Be Allowed To Travel Again – Forbes
Residents in China have been subject to strict restrictions on movement for several weeks, and for nearly two months in the Hubei province. Wuhan was the epicentre of the COVID-19 virus outbreak and was locked down entirely, with barriers that prevented movement in the city now being dismantled.
Las Vegas Sands to Donate More Than Two Million Pieces of Personal Protection Equipment
Protective Masks and Suits being provided to Nevada, New York
Distressed Hotels: What to Do with Distressed Hotels. Lender (and Borrower) Guide – By Jim Butler
When a hotel loan gets in trouble, a lender should immediately perform a Comprehensive Situation Analysis. Borrowers should do the same and be fast to approach lenders with candor and an actual plan demonstrating what is needed and how it will work.
UNWTO Launches a Call for Action for Tourism’s COVID-19 Mitigation and Recovery
The World Tourism Organization (UNWTO) has released a set of recommendations calling for urgent and strong support to help the global tourism sector not only recover from the unprecedented challenge of COVID-19 but to 'grow back better'. The Recommendations are the first output of the Global Tourism Crisis Committee, established by UNWTO with high-level representatives from across the tourism sector and from within the wider United Nations system.