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…
HFTP and HSMAI Announce New Date for HITEC and ROC San Antonio
In light of the worldwide uncertainty stemming from the impact of the COVID-19 pandemic, the North American Hospitality Industry Technology Exposition and Conference (HITEC®) has been rescheduled to October 26-29, 2020. In addition, the co-located H…
Scandic’s Board Of Directors Proposes To Cancel Dividend For 2019 In Order To Improve The Financial Position
At an extraordinary Board meeting held on March 16, 2020, the Board of Directors of Scandic Hotels Group AB resolved to withdraw its earlier dividend proposal to the Annual General Meeting of 3.70 SEK per share due to the current uncertainty in the …
DELETED: HFTP and HSMAI Announce New Date for HITEC and ROC San Antonio
In light of the worldwide uncertainty stemming from the impact of the COVID-19 pandemic, the North American Hospitality Industry Technology Exposition and Conference (HITEC®) has been rescheduled to October 26-29, 2020. In addition, the co-located H…
Hotels Chains Maneuver to Deal With Coronavirus Gut Punch
From furloughs and layoffs to withdrawn guidance and loyalty program modifications, the big hotel chains were maneuvering to survive the novel coronavirus outbreak. The actions they are taking are hardly novel as they’ve been used by hotels and othe…
OpenTravel Alliance Announces Linux Foundation Membership
The OpenTravel Alliance, the interoperability data standard for the travel industry for the past twenty years has joined the Linux Foundation, the nonprofit organization enabling mass innovation through open source. “By aligningwith the LinuxFoundat…
Choice Hotels International Updates 2020 Outlook In Response To Rapidly Evolving COVID-19 Impact
ROCKVILLE, Md. – Choice Hotels International, Inc. (NYSE: CHH), one of the world’s largest lodging franchisors, today announced the withdrawal of its previously issued first quarter and full year 2020 guidance, which did not contemplate the impact o…
How to increase hotel revenue?
The hospitality industry has undergone a period of immense growth over the past ten years, reaching over $500 billion in revenues (according to Statista.com). True, the hotel business is hard to ignore. However, it is also challenging and stressful …
Four Seasons Hotel One Dalton Street, Boston Selects ASSA ABLOY to Provide Latest in Security Technology and Customized Door Lock Design
Stockholm – ASSA ABLOY Global Solutions has announced the implementation of custom-designed VingCard Essence door locks alongside VingCard Signature RFID locks at the Four Seasons Hotel One Dalton Street, Boston. A newly opened and modern 61-story s…