Coronavirus and Travel
Coronavirus
A Profitable Choice Hotels Plans for Bigger Extended Stay and Upscale Portfolios
Choice Hotels saw occasional bursts of profitability during the pandemic while competitors lost hundreds of millions of dollars. The company doesn’t plan to just stick to its reliable drive-to and leisure travel playbook, however. Expect more upscale hotel deals on the horizon.
Coronavirus
Marriott’s China Comeback Pushes Company Closer to Profitability
Marriott's bigger portfolio in greater China than its competitors delivered the company somewhat of a financial win. But don't expect everything to return to normal on the rebound: Marriott learned how to run hotels with fewer employees during the crisis, and that's likely to be the new status quo.
Business Travel
Mobile World Congress Hires a Travel Agency to Help Steady Nerves for Returning Event
There’s still a huge risk hosting larger scale exhibitions, but the organizer of Mobile World Congress is hoping to offset some of that by outsourcing travel management.
Coronavirus
Expect Marriott to Tell This Growth Story This Week
Nobody is anticipating any major financial windfall news from Marriott this week, but shareholders still want to hear where future growth is coming from during an investor update. All-inclusive resorts and home rentals, relatively new divisions of the company, will certainly be on the list.
Tourism
The Most Important Number From the Travel Industry This Week
Let's just say it's the lucky dozen.
Business Travel
How the UK's Reveal of 12 'Green Light' Safe Travel Countries Will Drive Bookings — Just Not to U.S.
No major surprises in this latest phase of international reopening, but serious questions over the U.S.'s absence.
Coronavirus
Hotels See Big Jobs Jump in April But Labor Shortage Crisis Still Looms
Hotels were the bright spot in an otherwise disappointing jobs report, but there’s no time for a victory lap. Hiring has to maintain April’s strong momentum, at the very least, to meet summer demand. That’s a tall task in such a tight labor market.
Coronavirus
IHG Drops Holiday Inn and Crowne Plaza Hotels With Lousy Customer Service
The pandemic nosedive in business helped IHG accelerate its plan to cut a few bad apples from the Holiday Inn and Crowne Plaza network. More trimming is likely to boost brand quality and — just as important — get back to 2019 levels of record growth.
Coronavirus
Starwood CEO Sternlicht Is Unapologetically Bearish on the Recovery of Conventions
Group business and convention bookings may be coming back to life, but we're years away from some of the world's largest hotels seeing regularly sold-out nights. Barry Sternlicht said it, in striking difference to some bullishness from his fellow travel execs this week.