Extended Stay America Q2 Results Reaffirm Segment Holding Up Better Than OthersBy Donna M. AiroldiThough the busines models are not a direct comparison, Extended Stay America's second quarter year-over-year performance decline was less drastic than... Keep reading
IHG: Q2 RevPAR Down 52 Percent, Cut Corporate Staff by 10 PercentBy Donna M. AiroldiInterContinental Hotels Group made the decision in July to eliminate about 10 percent of its corporate staff, said IHG CEO Keith Barr during a Tuesday... Keep reading
Greater China Leading Marriott Recovery, Q2 Low Point in PerformanceBy Donna M. AiroldiIn absolute numbers, Marriott International's second quarter earnings were down significantly, as expected, due to the effects of the Covid-19 pandemic.... Keep reading
Uber's Delivery Revenue Overtakes Ride Revenue in Q2By Michael B. BakerUber's revenue from ride bookings in the second quarter plummeted 75 percent year over year as delivery revenues grew to make up a majority of the... Keep reading
Choice Hotels Adds Mask Requirement, Reports Q2 Extended-Stay ResiliencyBy Donna M. AiroldiChoice Hotels has joined with other major hotel companies in requiring guests to wear face masks in indoor public spaces, president and CEO Patrick... Keep reading
Hilton's Nassetta Sees Return to Pre-Covid Business Travel Levels Within Three YearsBy Donna M. AiroldiAccor chairman and CEO Sébastien Bazin on Tuesday said he expects business travel levels in the medium to longer term to be down 10 percent to 15... Keep reading
Lufthansa Predicts Slow Recovery as It Reports €1.7B Q2 LossBy Molly DysonThe collapse in air passenger demand caused by the coronavirus pandemic led the Lufthansa Group to a €1.7 billion loss in the second quarter, with... Keep reading
New U.S. Federal Relief Package Will Address Some Hotel Needs, Pelosi Tells AHLABy Donna M. AiroldiThough U.S. Speaker of the House Nancy Pelosi (D-Calif.) expressed optimism that a new federal coronavirus relief package would be completed within the... Keep reading