Apartment-Style Rental Co. Stay Alfred Suspends OperationsBy Donna M. AiroldiStay Alfred, an early entrant into the short-term, apartment-style rental arena, has suspended operations.... KEEP READING
Hotel Cos. Ease Loyalty Program Status, Point Expiration PoliciesBy Donna M. AiroldiMuch as hotel companies have implemented extended cancellation and change policies in response to the coronavirus outbreak, many also have altered their... KEEP READING
CBRE: 2020 U.S. Hotel RevPAR Decline, Occupancy Worst Since 1930sBy Donna M. AiroldiCBRE Hotels Research now expects 2020 U.S. industrywide hotel revenue per available room to decline 46 percent year over year, with a second-quarter... KEEP READING
Hilton Preliminary Q1 Results Show March RevPAR Down at Least 56 PercentBy Donna M. AiroldiHilton Worldwide currently estimates its systemwide first-quarter comparable revenue per available room to have declined between 22 percent and 24... KEEP READING
MeetingsBooker.com Adds Ability for Hotels to Sell Rooms as WorkspacesBy Donna M. AiroldiWith hotel occupancies at or near record lows because of the ongoing coronavirus outbreak and government-imposed travel restrictions, properties are... KEEP READING
STR: Another New Record for U.S. Hotel Weekly RevPAR DeclineBy Donna M. AiroldiThe three key U.S. hotel performance indicators for the week ending April 11 dropped at even steeper year-over-year rates than in recent weeks,... KEEP READING
Airbnb Raises Another $1B, One Week After Last RoundBy Donna M. AiroldiJust one week after raising $1 billion in debt and equity securities, Airbnb secured another $1 billion on Tuesday in a term loan from institutional... KEEP READING
Study: Friendly Service, Management Top Factors In Good Online Hotel ReviewsBy Donna M. AiroldiService, service friendliness and management are the categories most likely to improve a hotel's online guest review performance, according to hotel... KEEP READING
As RevPAR Plummets, Marriott Anticipates More Hotel ClosuresBy Donna M. AiroldiMarriott International expects March worldwide revenue per available room to have decreased 60 percent year over year due to the coronavirus outbreak,... KEEP READING
AHLA Lobbies Congress, Administration for Additional ReliefBy Donna M. AiroldiDespite provisions for hotels in the CARES Act stimulus package, the American Hotel & Lodging Association this week sent letters to U.S. congressional... KEEP READING
Airbnb Bets on Extended-Stay GuestsBy Donna M. AiroldiAs part of its announcement earlier this week that it had raised an additional $1 billion, Airbnb noted a new focus on the long-term guest. That's... KEEP READING
Oyo to Furlough Employees in U.S., Elsewhere Outside IndiaBy Donna M. AiroldiIndia-based hotel company Oyo Rooms announced Wednesday that because of a drop in revenue of up to 60 percent due to the coronavirus pandemic, the... KEEP READING
Oakwood To Focus Exclusively on Branded Hospitality ServicesBy Donna M. AiroldiServiced-apartment provider Oakwood this month began to transition out of its global solutions business by entering into a strategic partnership with... KEEP READING
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