hotels

Normalcy Won’t Come Until 2022: CEO of Ireland’s Largest Hotel Group

Normalcy Won’t Come Until 2022: CEO of Ireland’s Largest Hotel Group

It may take until 2022 for bookings to return to pre-coronavirus levels at Ireland's Dalata Hotel Group, but the company also has a sale-leaseback safety net if the travel industry faces an even worse
Coronavirus: Double-digit jobless rates loom in California

Coronavirus: Double-digit jobless rates loom in California

Gov. Gavin Newsom has estimated, based on daily tracking by the state government, that California has received since roughly mid-March about 1.6 million claims for unemployment insurance, which could
15,000 U.S. Hotels Offer Rooms for Coronavirus Emergency Services

15,000 U.S. Hotels Offer Rooms for Coronavirus Emergency Services

Thousands of hoteliers have jumped at the opportunity to offer underutilized properties to the government, but the measure is almost certainly not enough to offset coronavirus business losses.
Developer Counting on Dubai Expo Now Faces Much Different 2020 With Possible Postponement

Developer Counting on Dubai Expo Now Faces Much Different 2020 With Possible Postponement

Emaar's 2019 earnings are likely the profit before the coronavirus-led economic storm. The Dubai developer has already closed three hotels over shattered tourism demand and organizers behind Dubai's
Marriott’s Latest Data Breach Impacts 5.2 Million Travelers

Marriott’s Latest Data Breach Impacts 5.2 Million Travelers

While this latest data breach pales in comparison to the one Marriott faced in 2018, it likely won't help the hotel giant in rebuilding trust with guests who hand over personal information through the
What the $2 Trillion U.S. Stimulus Package Means for Travel Businesses

What the $2 Trillion U.S. Stimulus Package Means for Travel Businesses

Lots of travel brands are eligible to earn U.S. government money through the so-called CARES Act. But firms will need to move fast to get their share. Here's how it could all shake out. -Brian Sumers
U.S. Hotels Will Need More Than What’s in the $2 Trillion Relief Package: Industry Trade Group CEO

U.S. Hotels Will Need More Than What’s in the $2 Trillion Relief Package: Industry Trade Group CEO

While the federal relief package aimed at protecting small businesses and workers during the coronavirus economic downturn passed with impressive speed, it isn't a hotel industry silver bullet. The
Tourism Plummet Prompts Big Surge in Hawaii Unemployment Claims

Tourism Plummet Prompts Big Surge in Hawaii Unemployment Claims

At face value, Hawaii's newly enacted 14-day mandatory self-quarantine to everyone arriving to the island could further decimate its travel industry. But nearly 100 hotels have already closed due to
Coronavirus: Bay area hotel layoffs might just be start of job losses

Coronavirus: Bay area hotel layoffs might just be start of job losses

Hotel worker layoffs in the Bay Area and nearby regions total at least 1,431, according to new estimates by state labor officials, but several experts warn that the newly announced cutbacks are only
Millennium & Copthorne Hotels Seeks Stability, Long-Term Growth Under New CEO

Millennium & Copthorne Hotels Seeks Stability, Long-Term Growth Under New CEO

It's miserable for every hotel CEO these days. But this one is extra tough. Former InterContinental Hotels Group's senior executive, Clarence Tan, has just signed up as the first group CEO of a
U.S. Airlines Under a Bailout and 14 Other Must-Read Coronavirus and Travel Stories This Week

U.S. Airlines Under a Bailout and 14 Other Must-Read Coronavirus and Travel Stories This Week

In a new roundup of coronavirus-related news, we look at how the airlines will handle having the U.S. government as a shareholder under an economic stimulus package. Plus, the latest on hotels deals
Bay Area job market soars in February ahead of coronavirus-spawned layoffs

Bay Area job market soars in February ahead of coronavirus-spawned layoffs

The job market in the Bay Area powered to robust gains during February, an upbeat report that arrives just ahead of what’s expected to be a string of grim setbacks and brutal employment losses for the
Tourist-Strapped Dubai Could Need a Coronavirus Bailout From Abu Dhabi

Tourist-Strapped Dubai Could Need a Coronavirus Bailout From Abu Dhabi

Dubai relies on tourism to keep its economy booming, but coronavirus halted business and threatens the city's Expo 2020 planned for later this year. If travelers continue to stay at home, the UAE city
Russia Closes State-Run Hotels, Resorts Over Rising Coronavirus Cases

Russia Closes State-Run Hotels, Resorts Over Rising Coronavirus Cases

Russia has gone into tourism lockdown to combat coronavirus, including closing state-run recreational areas and hotels and halting all international flights. But the country's other problem is that a
Hotel Deals and Lending Zapped by Coronavirus at the Finish Line

Hotel Deals and Lending Zapped by Coronavirus at the Finish Line

Until lenders can wade through the $2 trillion U.S. stimulus package and determine valuations, hotel deals will remain on ice. Expect smaller banks to issue the first round of hotel loans on the
Coronavirus: Thousands of job cuts loom in Bay Area, Monterey County

Coronavirus: Thousands of job cuts loom in Bay Area, Monterey County

Rosewood CordeValle, Carmel Valley Ranch, and Ventana Big Sur were some of the high-profile names that noticed the state's Employment Development Department that they have decided to undertake
UK Hotels Get a Little Lift From Block Bookings for Crisis Workers

UK Hotels Get a Little Lift From Block Bookings for Crisis Workers

As more countries mobilize their crisis workers, hotel groups can at least rely on small levels of business — the tricky part will be figuring out which properties stay open, and who exactly checks
How the Top Boss at One of Paris’s Most Iconic Hotels Copes With the Crisis

How the Top Boss at One of Paris’s Most Iconic Hotels Copes With the Crisis

What's it like being the general manager of a luxury hotel during coronavirus? We asked Franka Holtmann, who looks after Le Meurice for Dorchester Collection. She spoke candidly and poetically about
Hotels and Airports See Jaw-Dropping Declines in Foot Traffic in March

Hotels and Airports See Jaw-Dropping Declines in Foot Traffic in March

Government orders and public health recommendations to stay at home during the coronavirus outbreak sparked a steep decline in foot traffic at U.S. hotels and airports. This plays further into revised
Google Travel Search Is Unrecognizable as Advertising Dries Up

Google Travel Search Is Unrecognizable as Advertising Dries Up

It took novel coronavirus to see free organic links from Expedia, Tripadvisor, and Booking.com rise in prominence in Google Search. This isn't necessarily a game changer for the online travel agencies