Airbnb has secured $1 billion in additional funding as it seeks to weather a downturn in demand following the coronavirus pandemic. Demand has fallen by as much as 90 per cent in some markets as the world battles the outbreak.
More than 5,000 hospitality industry professionals have joined Hospitality Tomorrow, a free online summit, taking place today. The event will examine the impact of the Covid-19 crisis on the hospitality industry.
United Arab Emirates-based upscale residential, hospitality and commercial property developer Seven Tides has said more than 27 per cent of the work on its prime property, Seven Palm, located on Palm Jumeirah in Dubai is now complete.
Accor is withdrawing a dividend payment of €280 million for financial 2019 in the wake of the coronavirus pandemic. The company said, today, more than half its branded hotels worldwide are closed, with the figure likely to rise to over two thirds in the coming weeks.
Sandals Resorts International has provided the Jamaican government with access to a 52-room hotel Sandals Carlyle. The property will be used as an isolation centre for patients who have recovered but still need additional space to be monitored before returning home.
Jannah Hotels & Resorts is opening its luxurious yet cosy suites and apartments for month-long stays at its properties in Abu Dhabi, Dubai and Ras Al Khaimah.
Marriott International has been involved in a second massive data breach, with records from 5.2 million customers potentially compromised. Hotel guests’ names, loyalty account information and other personal details may have been accessed, the company said.
As the first chief executive for the privatised Millennium & Copthorne, Clarence Tan is charged with spearheading a turnaround in the performance of the global hotel portfolio.
Home to some of Dubai’s top resorts, the Palm Jumeirah is built from reclaimed land in a series of artificial archipelagos and shaped like a palm tree when viewed from above.
Pan Pacific London has announced the appointment of Steven Drewery as executive assistant manager at the property. The hotel is expected to open in the autumn.
Sandals Resorts International will close its properties in the Caribbean until May 15th to protect guests and staff against the spread of Covid-19. All resorts under both the Beaches and Sandals brands are expected to close their doors in March 30th.
Banyan Tree Holdings and Myanmar Treasure Hotel & Resort Group Company have signed a joint venture agreement for the formation of a hotel management business.