Mainland Chinas daily hotel occupancy reached an absolute level of 31.8% on 28 March, according to preliminary data from STR.
Brings 111 Suites to the Clovis/Fresno Region
Economic Analysis Shows COVID-19 is an Existential Threat to Airport Business
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).
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
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.
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.
Protective Masks and Suits being provided to Nevada, New York
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.
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.