Forbes Travel Guide has revealed Hospitality Strong. The new initiative is designed to engage, educate and elevate furloughed, laid-off and working hospitality staff of all levels during the global novel coronavirus crisis.
Airbnb has secured a further $1 billion in loans from institutional investors. The cash comes as the home rental site seeks to bolster is liquidity position in the midst of the Covid-19 pandemic.
Marriott International has said it expects RevPAR across its hotels to fall by 23 per cent during the first quarter of the year in the wake of the Covid-19 outbreak.
Rocco Forte Hotels is encouraging people to hold onto their plans by offering the opportunity to freely postpone any booking made before August. The offer applies to travel through the year and well into 2021.
Atlantis, the Palm has been playing its role in maintain morale in Dubai, lighting up its iconic hotel rooms in solidarity for the current Covid-19 pandemic.
The home rental company came in for criticism earlier this week, with stays seemingly being offered despite government calls for Brits to remain at home.
Marriott International has updated its cancellation policy as it seeks to encourage travellers into booking hotel rooms once the worst of the coronavirus pandemic is past.
Listed travel and leisure companies are issuing profit warnings at an unprecedented rate, according to latest analysis from EY. The sharp uptick has been triggered by coronavirus pandemic.
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.