hotels

Greek Hoteliers Face Closure After Tui Puts Payments On Hold

Greek Hoteliers Face Closure After Tui Puts Payments On Hold
Greek Hoteliers Face Closure After Tui Puts Payments On Hold
November 12, 2020  |  Travel Payments

For hotel owners struggling to survive amid the coronavirus pandemic, spring is a long way off, especially when it comes to getting paid. So it’s...

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Marriott’s Revenue Per Available Room Drops 65.9 Pct In Q3
Marriott’s Revenue Per Available Room Drops 65.9 Pct In Q3
November 06, 2020  |  Earnings

Marriott International, Inc. reported on Friday (Nov. 6) as part of its Q3 earnings that revenue per available room (RevPAR) fell 65.9 percent globally, 65.4 percent...

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Global Chains Snap Up Distressed Independent Hotels In Africa
Global Chains Snap Up Distressed Independent Hotels In Africa
October 19, 2020  |  Travel Payments

Despite the economic damage inflicted by the pandemic, hoteliers expect sub-Saharan Africa to remain a hot market for big-time lodging development, the Wall Street Journal...

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Distressed US Commercial Real Estate Lost 27 Pct Of Value, Wells Fargo Figures Show
Distressed US Commercial Real Estate Lost 27 Pct Of Value, Wells Fargo Figures Show
September 27, 2020  |  Real Estate

Many U.S. commercial properties have lost 25 percent or more of their value as the impact of the coronavirus has taken its toll on hotels,...

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Lenders Brace For Wave Of Hotel Closures
Lenders Brace For Wave Of Hotel Closures
September 16, 2020  |  Economy

The impending demise of the Hilton in Times Square is just the tip of the iceberg when it comes to what experts believe will be...

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Hotels Debut As Design Showrooms
Hotels Debut As Design Showrooms
September 04, 2020  |  Retail

If you’re looking for ideas on how to improve your home or commercial property, check out the Vipp Chimney House, the boutique hotel in Copenhagen that was built...

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Hilton To Permanently Close Its Hotel In New York City’s Times Square
Hilton To Permanently Close Its Hotel In New York City’s Times Square
September 03, 2020  |  Economy

The Hilton Times Square is the latest victim of the coronavirus pandemic. In a filing with New York’s State Department of Labor, the managing director...

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How Hotels Are Weathering A Hard Pandemic Hit
How Hotels Are Weathering A Hard Pandemic Hit
August 20, 2020  |  Travel Payments

The fact that COVID-19 has hit consumer and business travel hard is well-known, but just how hard is just now coming into focus. A new industry...

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