Hilton Worldwide Holdings took early and decisive action to boost liquidity and reduce corporate expenditures. Hilton today announced additional measures to reduce its cost structure, including the intended reduction of approximately 2,100 corporate roles globally, and the extension of previously announced furloughs, reduced hours, and corporate pay reductions for up to an additional 90 days. Christopher […]
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Reflecting the impact of the COVID-19 pandemic, Europe’s hotel industry reported unprecedented performance lows during March 2020, according to data from STR. Euro constant currency, March 2020 vs. March 2019 Occupancy: -61.6% to 26.3% Average daily rate (ADR): -8.1% to EUR96.13 Revenue per available room (RevPAR): -64.7% to EUR25.27 The absolute occupancy and RevPAR levels in […]
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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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Europe’s hotel industry reported mostly negative results in the three key performance metrics during February 2020, according to data from STR. Euro constant currency, February 2020 vs. February 2019 Occupancy: -1.8% to 63.6% Average daily rate (ADR): +1.2% to EUR101.68 Revenue per available room (RevPAR): -0.6% to EUR64.68 February’s data had not yet shown the […]
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In its final month before feeling the impact of the COVID-19 pandemic, the U.S. hotel industry reported positive results in the three key performance metrics during February 2020, according to data from STR. In a year-over-year comparison with February 2019, the industry posted the following: Occupancy: +0.2% to 62.2% Average daily rate (ADR): +1.4% to US$130.78 […]
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Bedsonline, the leading global provider of accommodation and complementary products exclusively for travel agents, has today announced the extension of its +3% commission campaign for customers worldwide Following substantial year-on-year increases in sales volumes of up to 80% in some countries and an overwhelmingly positive reaction from customers, Bedsonline has taken the decision to extend […]
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With membership now at around 1,000 the ITB Buyers Circle is entering its fifth year, a fact that underlines its all-round success. According to a recent survey, representatives from Europe, Asia, America, Africa and Australia are among the members of the international ITB Buyers Circle. Around 79 per cent are from EU countries. The second-largest […]
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