There are a lot of leisure activities people are not participating in during the pandemic. As the NBA and MLB reboot will attest, they’re not going to sporting events. As the plunge in the hospitality sector continues (down 7.6 million jobs so far), it’s evident...
Marriott International’s Q2 2020 earnings — rough, as expected, reporting a net loss of $234 million after springtime bookings all but evaporated — contain nuggets of good news, such as the hardy recovery Marriott’s properties are experiencing in, of all places, China. In its August...
The Transportation Security Administration (TSA) reported that it served over 800,000 individuals at American airport screening lanes Sunday (Aug. 9), the first occasion since March 17, and major U.S. air carrier stocks were on the uptick Monday (Aug. 10) on the news, Reuters reported. For...
As U.S. vacationers look to get away for a while, they’re increasingly turning to rural Airbnb listings where they won’t be as at risk of catching the coronavirus, CNBC reported. The shift comes as urban Airbnb venues and traditional hotels are suffering as people try...
Booking Holding Inc., the Connecticut-based company that owns travel website Booking.com, plans to reduce its workforce by as many as 4,250 positions as its business continues suffer during the COVID-19 pandemic, Reuters reported. “Unfortunately, as a result of the crisis, we, like so many other...
The latest forecast from the International Air Transport Association (IATA) has airlines grappling with reduced demand until at least 2024 – and that’s the best-case scenario. Earlier forecasts from the industry organization, which is citing the data in calling for increased government assistance, estimated a...
As the coronavirus devastates the hospitality industry, hotelier to the stars André Balazs is gearing up for his next act: private clubs. Balazs, whose posh boutique hotels have long attracted big stars like Brad Pitt and Leonardo DiCaprio, is planning to convert the Chateau Marmont...
It was a bad week for airline stocks as bookings contracted on renewed coronavirus fears. PYMNTS reported earlier this week on new Transportation Security Agency (TSA) figures that travelers through U.S. airport checkpoints were down over 4 percent the week ending July 19. With their wings already clipped, airline outlooks were...
The outlook for the airline industry looks cloudy — at best — until there is a COVID-19 vaccine. In fact, United Airlines‘ chief said revenues are not expected to rise above half of 2019 levels before then. “We don’t expect to get anywhere close to...
