Articles tagged “cares act”

Donald Trump's tweet on Tuesday afternoon was stunning even for this president. You could feel the anguish throughout the travel industry, which had still had been holding out hope for more federal relief to help its workers and to keep others in their jobs.

Airlines are using all the leverage they have to persuade Congress to extend their bailout. Congress will probably bite. But is that the right move?

The easy move is for U.S. airlines to take billions of dollars in new subsidies, if offered by the government. But there could be future repercussions.

If you can't make a long-haul trek to Paris this summer, why not just a short hop, skip, and a jump to a roadside hotel two towns over? That mindset seems to be working in Choice Hotels' financial favor.

Best Western CEO David Kong wants hotel-specific economic relief from Washington like anyone else in the industry, but he's among the few publicly to recognize what is realistic and needs to happen to survive into 2021.

Time is ticking for the U.S. hotel industry to convince Congress to deliver industry-specific aid similar to what the airline industry received. Continued high unemployment and suspended operations at hotels are why Washington should listen.

Ashford Inc. wants to tout the strength of its smaller businesses that could benefit from changing guest expectations around health and safety, but it can't ignore the billions of dollars in hotel debt held by two of its associated real estate companies.

Destination marketers first faced the challenge of finding the right tone in the midst of a pandemic — now they have to figure out how to push their carefully calibrated messaging with drastically reduced resources.

Braemar Hotels & Resorts may have a $3 billion lighter mortgage debt load than Ashford Hospitality Trust, but it still needs to find a way to buy time and protect assets, many of which are still temporarily closed.