The results of the first 9 months confirm the severity of the impact on travel companies, distorting comparisons with previous years Travel restrictions and capacity limits continue to have an impact across the entire world with the exception of Chi…
Resort Revenue Management For 2021
I have heard many people saying that revenue management doesn’t apply to resort properties due to longer lead times, seasonal demand patterns and a different type of clientele. This is absolutely not true. Hotels that are leveraging revenue manageme…
Hilton: When Recruiting Talents We Focus On Soft Skills Like Teamwork
What experience and skills do hospitality organizations look for when hiring graduates? What elements should a good resume of young professionals contain? We spoke with Leonie Trottmann (HR) from the Hilton Garden Inn in Davos, Switzerland. What ski…
Park Hotels & Resorts Inc. Reports Third Quarter 2020 Results
TYSONS, Va. – Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the third quarter ended September 30, 2020 and an operational update on COVID-19. Third-quarter financial highlights include: Pro-forma RevPAR …
Global Hotel Profit Improves in Q3, But Still Languishing
Hotels globally performed better in the third quarter, but the improvement proved to be only less bad, as COVID-19 continues to roil the world. U.S. hotels in Q3 achieved a gross operating performance per available room (GOPPAR) of $-9.87, which was…
Dreamers Vs. Doers: How to Get Motivated and Get Moving
From a young age, many of us aspire to achieve greatness. Our visions of success often vary, but at the heart of our dreams is a desire for passion, recognition, fulfillment, and happiness. As we get older, some of us abandon loftier dreams and redi…
Upselling During a Pandemic: Early Check-In and Late Check-Out
Nor1, the global leader in hospitality upgrade, upsell, and merchandising technology, has dived into its buyer behavior data to understand how the COVID-19 pandemic has affected guest demand for hotel upgrades. Now we’re looking at guest upgrade buy…
Choice Hotels International Reports 2020 Third Quarter Results
ROCKVILLE, Md. – Choice Hotels International, Inc. (NYSE: CHH), one of the world’s largest lodging franchisors, today reported its results for the three and nine months ended September 30, 2020. “Choice Hotels’ proven portfolio of well-segmented bra…
UNWTO and IMO Issue Join Call to Support Safe Resumption of Cruise Ship Operations
In a joint statement issued today, the World Tourism Organization (UNWTO) and the International Maritime Organization (IMO) highlight the importance of the cruise sector for the world economy. According to industry data, the cruise sector supports 1…
The Five Emerging Trip Types of 2021
The global pandemic turned travelers’ plans upside down in 2020. Looking ahead to 2021, the impact of the pandemic is changing not just our choice of destination but also the type of trips we’re most likely to take in the coming year. Our new resear…