Airbnb co-founder and CEO Brian Chesky said his company is already adapting to what he believes will be a post-coronavirus era where mass tourism will be on the wane and “travel redistribution” will take hold. Interviewed by Skift founder and CEO Ra…
Europe Hotel Transactions Bulletin – Week Ending 24 April 2020
Dalata sells Clayton Hotel Charlemont, Dublin to Deka German real estate fund Deka Immobilien is acquiring the 187-room Clayton Hotel Charlemont in Dublin, Ireland from owner operator Dalata for €65 million (€348,000 per room). The property, develop…
COVID-19 forced Airbnb to rethink its product offerings; here’s some of what it came up with
The coronavirus has decimated the travel industry, and Airbnb, the home rental company that appeared unstoppable not so long ago, has not been spared. While the headlines have focused on the measures it’s taking to stockpile cash to offset its losse…
The New York Times Drops Travel Section — For Now
As if the travel industry needed more confirmation of its crisis, The New York Times travel section will temporarily stop appearing in the Sunday print edition, as first reported by Cheddar. The reason for the pause is obvious: At present, no one ca…
Statement from Expedia Group Chairman Barry Diller
SEATTLE – Barry Diller, Chairman and Senior Executive of Expedia Group (NASDAQ: EXPE) stated, “We have one mandate – to conserve cash, survive, and use this time to reconstruct a stronger enterprise to serve the future of travel. We are unable to ma…
Unlocking Sustainable Strategic Renewal After COVID-19: Opportunities for Hospitality
Many nations, companies and individuals were still reeling from the negative effects of the financial crash that began in 2007, when COVID-19 struck affecting many economies, especially those related to the service industries. Tourism and hospitalit…
Is the German Hotel Market Poised to Be One of the Fastest in Europe to Recover from COVID-19?
A Short Outline of the Pandemic Response in Germany The 2019-20 coronavirus pandemic was confirmed to have reached Germany on 27 January 2020, when the first COVID-19 case brought in by a Chinese visitor at Webasto was confirmed and contained near M…
Credit Card Processing Best Practices During COVID-19 and Other Challenging Times
As the world continues to navigate the COVID-19 pandemic, the hotel industry continues to feel its effects. As a trusted hospitality payments provider, POST Integrations is providing the following credit card acceptance best practices to help guide …
The Impact of COVID-19 on Hotel Occupancy Levels in Athens and Thessaloniki
Introduction Imagine for a minute you are a hotel investor seeking after promising opportunities into developing destinations that you consider they have untapped potential. Looking back at the period 2012-19, Greek tourism was breaking one record a…
Travel Agents That Maintain An Emotional Connection With Consumers Through The Pandemic Will Emerge Stronger Post COVID-19, Says Globaldata
Travel brands hold an emotional attachment with their consumers but those that can introduce simple initiatives to maintain a connection with their customers throughout this global pandemic have a higher chance in retaining customer loyalty, says Gl…