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

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

Aziz El Yaakoubi and Davide Barbuscia, Reuters

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 could once again turn to the neighboring emirate of Abu Dhabi for a bailout.

20 hours ago

Pregnant Short-Term Rental CEO on Facing Work-Life Challenges During the Pandemic

Pregnant Short-Term Rental CEO on Facing Work-Life Challenges During the Pandemic

Rena Pacheco-Theard, Skift

Even in a time of uncertainty, new trends and opportunities are emerging, and startup founders are carrying on with the business of building companies, as well as families. Over the next 12 months, companies that can show strong unit economics, counter-cyclical resiliency and resourcefulness will rise to the top.

1 day ago

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

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

Alexander Marrow and Tom Balmforth, Reuters

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 majority of its residents do not believe government figures, which show the number of coronavirus cases within Russia has only just surpassed 1,000.

1 day ago

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Executive Q&A: How Hoteliers Can Master Metasearch Advertising With Machine Learning

Executive Q&A: How Hoteliers Can Master Metasearch Advertising With Machine Learning

DerbySoft + Skift

Hoteliers are typically at a disadvantage when it comes to competing efficiently in metasearch with online travel agencies. But most of these challenges can be overcome with the right technology partner in place.

3 weeks ago

Hotel Deals and Lending Zapped by Coronavirus at the Finish Line

Hotel Deals and Lending Zapped by Coronavirus at the Finish Line

Cameron Sperance , Skift

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 upswing.

2 days ago

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

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

Matthew Parsons, Skift

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 in.

2 days ago

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

Sean O'Neill, Skift

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 her worries, her new workflows, and how she cares for her team.

2 days ago

Airbnb Looks to Extend $1 Billion Debt Facility as Slowdown Hurts Business

Airbnb Looks to Extend $1 Billion Debt Facility as Slowdown Hurts Business

Jane Lanhee Lee, Reuters

Airbnb is in a tricky situation: It's facing an unprecedented downturn in travel the very year it was planning to list its shares.

2 days ago

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

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

Cameron Sperance, Skift

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 forecasts for a devastating 2020 for the travel industry.

2 days ago

Coronavirus, Olympics Delay Batter Japanese Hotel Business

Coronavirus, Olympics Delay Batter Japanese Hotel Business

Sakura Murakami and Mari Saito, Reuters

Coronavirus precautions keeping tourists at home and the now-delayed 2020 Olympics are a devastating combination for Japanese hoteliers that were banking on a strong tourist year to compensate for significant capital investments.

3 days ago

Hospitality Sector Teams Up Online to Help During the Crisis

Hospitality Sector Teams Up Online to Help During the Crisis

Sean O'Neill, Skift

The hospitality industry has always fundamentally been about bringing people together creatively. So it makes sense that the lodging sector has been putting together resources online to trade operational insights and to share ways to help their communities.

4 days ago

Here’s What Airbnb Is Confidentially Telling Potential Investors About a New Survey

Here’s What Airbnb Is Confidentially Telling Potential Investors About a New Survey

Dennis Schaal, Skift

Airbnb will likely have no trouble raising money, assuming the valuation and terms are palatable to investors, but it's dubious that they will chip in a few hundred million dollars each based on the supposedly inherent advantages of Airbnb's product.

4 days ago