Category: Recent News

Policymakers around the world have enforced an unprecedented shutdown of public life to slow down the spread of the coronavirus. As a consequence, entire sectors of the economy have seen their revenues collapse to zero. At the time of this publicati…

“Cataclysmic.” That’s how Barry Diller described the current state of the world in an interview with CNBC Thursday. Diller sits in a unique position amid the COVID-19 crisis, leading one of the world’s largest travel companies as Expedia’s chairman …

When Jessica O’Callaghan unpacked her suitcase on March 12, she didn’t realize that was the last time she’d do so for the foreseeable future. “Normally that suitcase is packed, unpacked and repacked,” said O’Callaghan, regional managing director of …

Why are we doing this? Because one thousand of you responded to our survey and said: ‘let’s do it again’ as we need to continue the conversation to assess the changes in our world and people – operationally, financially, and psychologically. Where, …

The current coronavirus situation is profoundly impacting all types of businesses. With temporary cessation of some businesses and activities slowing down for many, the consequences of the pandemic are even worse for the global economy than the ones…

Worldwide, this is a dark time for the travel industry. As global destinations remain closed and travel company operations continue to be wound down, the industry will increasingly look to its marketing functions to provide campaigns of hope or more…

Maastricht, the Netherlands – As the hotel industry contends with the immediate challenges posed by the Coronavirus crisis, for some hoteliers this also represents an opportunity to take a longer-term view of their businesses. Hospitality Net™, whic…

Hotel closures raise many issues and need to be implemented carefully to avoid creating additional adverse consequences. Akerman’s Hospitality Sector Team and Coronavirus Task Force are working with hotel owners to help them during this tumultuous t…

HVS Hodges Ward Elliott acts jointly on the sale of Icelandair Hotels to Berjaya Icelandair Group have completed the sale of a 75% stake in Icelandair Hotels to Berjaya Group, a major Malaysian real estate conglomerate with various hotel holdings in…

While people will always want to vacation in far-off lands or visit new cities for business trips, the new normal of social distancing will result in many travelers developing a profound and lasting stigma against widely shared spaces including hote…