Reflecting on 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 29 March through 4 April 2020, according to data from STR. In comparison with the week of 31 March through 6 April 2019, the industry recorded the following: Occupancy: […]
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ALL – Accor Live Limitless – the daily lifestyle companion that integrates rewards, services, and experiences throughout Accor, a world-leading hospitality group, has launched a new global digital entertainment campaign. It is aimed at letting guests and the broader public discover new experiences and live their passions while at home, having to adopt a new way […]
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Accor reports that over the past three weeks, the crisis has severely deepened with over half the worldwide population either confined and/or under lock-down. This has resulted in a virtual standstill of travel, dining and entertainment, which is vastly affecting our industry. Today more than half Accor branded hotels worldwide are closed, likely over two […]
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Mainland China’s daily hotel occupancy reached an absolute level of 31.8% on 28 March, up from a low of 7.4% during the first week of February, according to preliminary data from STR. Additionally, opening rates have been significant in key markets across the region. “We’re seeing green shoots in hotel occupancy figures, but we must stress that […]
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Marriott International is informing its guests about the possibility that their information may have been accessed without authorization. Hotels operated and franchised under Marriott’s brands use an application to help provide services to guests at hotels. At the end of February 2020, Marriott identified that an unexpected amount of guest information may have been accessed using […]
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Due to the impact from the COVID-19 pandemic, the U.S. hotel industry is projected to report a 50.6% decline in revenue per available room (RevPAR) in 2020, according to a special forecast revision from STR and Tourism Economics. “The industry was already set for a non-growth year, now throw in this ultimate ‘black swan’ event, and we’re set […]
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TUI AG today received the approval of the German government for a bridging loan of 1.8 billion euros from the KfW. The funds of Germany’s state-owned development bank are to be used to increase TUI’s existing credit line with its banks amounting to 1.75 billion euros (“Revolving Credit Facility”). The KfW bridge loan is subject […]
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It is with great regret at this point of time, but with even greater optimism for the future, that Lampsa Hellenic Hotels SA announces the temporary pause in operations due to the global Corona virus pandemic, of the Iconic Hotel Grande Bretagne and its sister hotel the historic King George. The Hotel Grande Bretagne, the […]
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As the COVID-19 situation in France has worsened, the country’s daily hotel occupancy plummeted to as low as 3.3% on 17 March, according to preliminary data from STR and In Extenso TCH. Daily occupancy in the country was as high as 65.3% on 26 February and had been positioned above 30% through 12 March. However, […]
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Under the guidance of Emmanouil Manousos, the Cyan Apollonia Beach & Spa Resort in Crete has undertaken 360-degree initiatives demonstrating an outstanding commitment to sustainability by addressing the challenges of climate change with the objective of leading the way in sustainable tourism in Crete. In general, the corporate environmental policy of the Cyan hotel group […]
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