BROOMFIELD, Colo. – Vail Resorts, Inc. (NYSE: MTN) today provided updated commentary on its fiscal 2020 results and the evolving impact of COVID-19 on its business and results of operations. Rob Katz, Chief Executive Officer, said, “Given the escala…
Tripadvisor Withdraws Full-Year 2020 Financial Outlook as a Result of Increased Impacts from the COVID-19 Outbreak
NEEDHAM, Mass. – Tripadvisor, Inc. (NASDAQ: TRIP) announced today that it is withdrawing its 2020 outlook provided in its Shareholder Letter on February 12, 2020 and discussed on its fourth quarter 2019 earnings call on February 13, 2020 due to incr…
DiamondRock Hospitality Company Provides Update And Announces Steps To Mitigate COVID-19 Impact
BETHESDA, Md. – DiamondRock Hospitality Company (the “Company”) (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 31 premium hotels in the United States, provided an update today on the impact of COVID-19 on its op…
Spicing up food & beverage forecasting with revenue science
Revenue management for guest rooms, and the forecasting it provides, continues to grow and expand. Although it has been around for many years, it has been increasingly embraced by a number of hotels looking to increase rooms revenue and optimize profits. Now it’s time for food and beverage (F&B) to catch up.
Restaurants taking action to preserve businesses
Restaurants are taking measures to preserve their businesses through the coronavirus downturn, including temporary closures, launching delivery and takeaway services, and encouraging guests to buy vouchers to redeem later.
Viewpoint: 13 hospitality marketing tips to present your business well during coronavirus
With hospitality businesses experiencing a surge in coronavirus cancellations, marketing expert [Mark McCulloch](https://www.supersonic.marketing/) shares his 13 tips for presenting your business positively during the crisis.
Chinatown restaurants report takings down 80%
The outbreak of coronavirus is continuing to have a devastating impact on hospitality businesses in Chinatown, with takings down 80% according to some operators.
Matt Healy ‘steps back’ from Beehive pub in Thorner
*MasterChef: The Professionals 2016* runner-up Matt Healy has announced that he is stepping back from his first pub The Beehive in Thorner to focus on the expansion of Scandi-inspired Grön Kafés.
Navigating coronavirus: Advice on cashflow and managing costs
Businesses are facing unprecedented pressures as coronavirus leaves them facing falling revenues, diminished profits and a pending cash crunch. *The Caterer* has asked experts from AlixPartners and Colliers to give their advice for surviving the downturn.
The Inn Collection Group acquires fourth Lakes site
The Inn Collection Group has acquired the landmark Cumbrian coaching inn, the Swan in Grasmere, further bolstering its pubs with rooms portfolio.