London, UK – A major new report has revealed Travel & Tourism’s crucial contribution to help re-energize the EU’s economic recovery once the COVID-19 pandemic has been successfully combatted. The publication by the World Travel & Tourism Council (WT…
Booking.com Announces Winners of its Technology Playmaker Awards 2020
Amsterdam, the Netherlands – Booking.com, one of the world’s largest online travel companies and a digital technology leader, announced the winners of its Technology Playmaker Awards 2020, an initiative launched in 2017 to recognize the achievements…
COVID-19: An update from Kurt Ekert, President & CEO CWT
As we continue to navigate the uncharted waters of this crisis, affecting families, business communities, and indeed the very fabric of our society, I am awed by the selfless dedication of so many people to help others less fortunate during this dif…
Hotel Real Estate in a Turbulent Macro-Economic Environment
Would you invest your money and time in a hotel project? Once more, the world is hit by a crisis, a pandemic this time, which affects all world economies. Many industries are suffering in particular the hotel industry. What is the problem of hotels …
The Impact of COVID-19 on Hotel Values
The COVID-19 pandemic and the related restrictions on travel, business activity, and individual movement are having an unprecedented impact on our industry and economy. Hotel owners, operators, lenders, and investors are all facing greater challenge…
Hospitality Financial Leadership – Balance Sheet: Financially, Nothing Else Matters
Over the years I have seen a lot of messes in my career. Not only the ones that catch your eye because of the clutter and disorganization you see in the back spaces of your hotel but I’m talking about a mess on the balance sheet. There are two main …
How can the hotel industry recover after COVID-19?
Not a day goes by that we hear information on coronavirus and its negative impact on travel and hospitality businesses. Yet, the hotel industry had to deal with different crises and viruses earlier. For example, the SARS virus impacted the industry …
In A Quarantined World Local Leisure Reigns
Even in the thick of all the current market turmoil, I keep getting calls from hoteliers about what to do and how to salvage revenues. What really irks me from this global unfolding of events is that in the end it means many hoteliers may lose their…
Message from Sébastien Bazin, CEO Accor
The health crisis we are going through continues to accelerate and is having a brutal impact on the Group’s Talents and partners around the world. Sébastien Bazin renews his deep commitment to them and comes back to the essential role of the “ALL He…
Open or closed, think local
Never before have we seen such a sense of community across the globe. This real sense of coming together and selflessness has been overwhelming. Mainly because, for the first time in living memory, we are all in the same situation. All trying to fig…