Updated: March 18, 2020 The safety of our guests and team members around the world is a top priority. We have provided the thousands of independently owned and operated franchised hotels in our network and our managed and owned properties worldwide …
Marriott Vacations Worldwide Updates 2020 Outlook Due to COVID-19
ORLANDO, Fla. – Marriott Vacations Worldwide (NYSE: VAC) today announced it is withdrawing its full-year 2020 outlook due to the impact on travel demand as a result of COVID-19. In its February 26, 2020 earning release, the Company provided full-yea…
Vail Resorts Provides Updated Commentary on COVID-19 Impact
BROOMFIELD, Colo. – Vail Resorts, Inc. (NYSE: MTN) today provided updated commentary on its fiscal 2020 results and the evolving impact of COVID-19 on its business and results of operations. Rob Katz, Chief Executive Officer, said, “Given the escala…
Tripadvisor Withdraws Full-Year 2020 Financial Outlook as a Result of Increased Impacts from the COVID-19 Outbreak
NEEDHAM, Mass. – Tripadvisor, Inc. (NASDAQ: TRIP) announced today that it is withdrawing its 2020 outlook provided in its Shareholder Letter on February 12, 2020 and discussed on its fourth quarter 2019 earnings call on February 13, 2020 due to incr…
DiamondRock Hospitality Company Provides Update And Announces Steps To Mitigate COVID-19 Impact
BETHESDA, Md. – DiamondRock Hospitality Company (the “Company”) (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 31 premium hotels in the United States, provided an update today on the impact of COVID-19 on its op…
HFTP and HSMAI Announce New Date for HITEC and ROC San Antonio
In light of the worldwide uncertainty stemming from the impact of the COVID-19 pandemic, the North American Hospitality Industry Technology Exposition and Conference (HITEC®) has been rescheduled to October 26-29, 2020. In addition, the co-located H…
Scandic’s Board Of Directors Proposes To Cancel Dividend For 2019 In Order To Improve The Financial Position
At an extraordinary Board meeting held on March 16, 2020, the Board of Directors of Scandic Hotels Group AB resolved to withdraw its earlier dividend proposal to the Annual General Meeting of 3.70 SEK per share due to the current uncertainty in the …
DELETED: HFTP and HSMAI Announce New Date for HITEC and ROC San Antonio
In light of the worldwide uncertainty stemming from the impact of the COVID-19 pandemic, the North American Hospitality Industry Technology Exposition and Conference (HITEC®) has been rescheduled to October 26-29, 2020. In addition, the co-located H…
Hotels Chains Maneuver to Deal With Coronavirus Gut Punch
From furloughs and layoffs to withdrawn guidance and loyalty program modifications, the big hotel chains were maneuvering to survive the novel coronavirus outbreak. The actions they are taking are hardly novel as they’ve been used by hotels and othe…
OpenTravel Alliance Announces Linux Foundation Membership
The OpenTravel Alliance, the interoperability data standard for the travel industry for the past twenty years has joined the Linux Foundation, the nonprofit organization enabling mass innovation through open source. “By aligningwith the LinuxFoundat…