The World Tourism Organization (UNWTO) has once again brought leaders from across the sector together for high-level talks aimed at strengthening cooperation between the public and private sectors. The 42nd Plenary Session of the United Nations spec…
Marriott International Reports Third Quarter 2020 Results
Third quarter 2020 comparable systemwide constant dollar RevPAR declined 65.9 percent worldwide, 65.4 percent in North America and 67.4 percent outside North America, compared to the 2019 third quarter; Third quarter reported diluted EPS totaled $0….
Checking Temperatures at Clock-In & Check-In is the Next Evolution of Employee, Guest Safety
“Enabling Security Everywhere” has been the focus of React Mobile since its inception. Our company was founded on the principle of making safety simple for every hotel employee through technology. While COVID-19 has been devastating to everyone in t…
Insights on the Private Equity Market
Over the past years, the hotel sector had remained a hot market for investors, as hotel investment volume reached US$66 billion in 2019, with initially cautiously optimistic projections for 2020. Although the short-to-medium-term prospects of the ma…
HSMAI and Revenue Analytics Release “The New Revenue Team” White Paper
The Hospitality Sales and Marketing Association International (HSMAI) and Revenue Analytics present The New Revenue Team, a white paper offering insights into hospitality revenue during the COVID pandemic. The publication examines revenue teams duri…
Managing The COVID-19 Crisis: Meliá Has 157 Hotels Open And Continues To Strengthen Liquidity And Competitiveness In A Period Of Maximum Uncertainty Due To Outbreaks
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…