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Second quarter 2020 comparable systemwide constant dollar RevPAR declined 84.4 percent worldwide, 83.6 percent in North America and 86.7 percent outside North America; Second quarter reported diluted loss per share totaled $0.72, compared to reporte…

Get inspired at Platforme 10 With less than a year since its opening, Platforme 10 brings together some of the most iconic art museums around Lausanne. Built on the site of a former locomotive shed, it is home to the Musée Cantonal des Beaux-Arts, t…

It’s hard to believe that we’re almost three-quarters of a year into pandemic-related travel restrictions. August is typically the month for last-minute trips before a brand new school year. These are the closing weeks of the peak summer travel seas…

Among the many delicious scenes from the movie “Goodfellas” is one where the characters of Ray Liotta and Joe Pesci burn down a restaurant because its credit has run out, putting an end to their graft. “And then finally, when there’s nothing left, w…

(CNN) — For most people, the coronavirus pandemic has meant fewer travel options. Not so for super-rich families who are increasingly using their money to cross borders that would otherwise be closed to them. This is the elite world of investment mi…

The threats of the ‘novel’ Coronavirus have been very real and palpable. And so imposing in their magnitude, reach and penetration! While other outbreaks have been sizeable too and have unleashed big enough havoc; yet they seem to have been region s…

With vast numbers of food and beverage outlets having to temporarily close their doors to keep the COVID-19 pandemic at bay, restaurants, bars and cafés alike have had to adapt to survive. In response to the abrupt loss of dine-in guests, the more f…

Pre-pandemic, the operative model for many hotels was to generate core earnings through the rooms division with more-or-less break even or slightly positive support from one’s F&B offerings. With the onsite dining experience heavily compromised by C…

LMEY Investments acquires Thomas Cook’s 50% stake in Westfort Capital Netherlands-based hotelier LMEY Investments has completed the acquisition of a 50% stake in Westfort Capital for an undisclosed price from Thomas Cook Group Tour Operations (which…

Most hotel chains have already ventured into food delivery and laundry services to entice customers in the current scenario. Food Delivery: Food takeaway and delivery business was one of the first opportunities that hotels leveraged amidst the pande…