Airbnb co-founder and CEO Brian Chesky told Axios in an interview that global travel may never fully recover, and that he sees a future where people travel much more within their own countries, possibly for longer stays. Driving the news: “I will go…
Utility Players as a Way to Save Hotels on Staffing
The post-COVID recovery will not mirror the initial reactions to the global lockdown for the hospitality industry. Namely, with hotels shutting down and laying employees off in droves, most properties will be reluctant to rehire all those previously…
Re-Negotiating Your Management Agreement: The Owner’s Perspective
COVID-19 introduced the hotel industry to a lot of uncertainties for the future. It also revealed several weak spots and high-risk areas within hotel management agreements (HMA’s). As these weaknesses become more evident, it is important to decide w…
Crisis Management: What Hotels Can Learn From “Friends”
THE ONE WHERE WARNER REGAINS CONTROL “So no one told you life was gonna be this way.” If you (at least, mentally) rhythmically clapped your hands four times after reading this, you’re not alone. According to a Nielsen’s report, in fact, the famous ‘…
Sonder to Raise $200 Million in Funding for Its Hotel and Short-Term Rental Model
Today, we are announcing that we recently closed on a Series E round of $170 million, led by Fidelity, WestCap, and Inovia Capital, which brings Sonder’s valuation to $1.3 billion. In the coming weeks, we expect to raise additional capital from new …
Vacation Rental Management Association Advocates for Safe Travel, Launches Reopening Guidelines
The Vacation Rental Management Association (VRMA) and its subsidiary, the Vacation Rental Housekeeping Professionals (VRHP), have developed recommendations for the reopening of vacation rental properties in light of the COVID-19 pandemic. The guidel…
How To Show The Welcoming Smiles Behind The Masks Of Your Hotel Staff
As part of the hotel and lodging industry’s effort to help guests feel safe about traveling during the current COVID-19 pandemic era, nearly all are requiring hotel staff to wear facemasks. However, one down-side is of course the fact that our colle…
Sevenrooms Raises $50m Series B Round With Providence Strategic Growth
SevenRooms (“the Company”), a fully-integrated, data-driven guest experience platform for the hospitality industry, has raised a $50 million Series B funding round led by Providence Strategic Growth (“PSG”). This latest funding aims to support Seven…
Your Home at Your Fingertips: Four Seasons Launches New Digital Experience for Private Residence Homeowners Worldwide
TORONTO, – Four Seasons Hotels and Resorts, the world’s leading luxury hospitality company, has expanded its award-winning App and Chat platforms with enhanced residential features, giving Four Seasons Private Residence homeowners and residents the …
Ramada by Wyndham Madrid Tres Cantos to open in September, 2020
Ramada by Wyndham Madrid Tres Cantos is still under development and is scheduled to open in September, 2020. The hotel is located in a corporate location North of Madrid with convenient access to the Euronova Business Park, as well as a nearby train…