U.S. Hotel Stocks Decline 1.7% in July

The Baird/STR Hotel Stock Index decreased 1.7% in July to a level of 3,010. Year to date through the first seven months of 2020, the stock index was down 42.9%.  “Hotel stocks underperformed again in July as industry-wide occupancy growth continued to moderate on a weekly sequential basis,”said Michael Bellisario, senior hotel research analyst and director at […]

American Airlines Replaces Flight Vouchers With Electronic Credits, But There’s A Catch

This week American Airlines introduced “trip credits” which are automatically generated and sent by email for the unused value of a ticket. Trip credits have a ticket number and are valid for a year from date of issue. They work just like the old eVouchers did… with a catch. You don’t wait for a customer […]

The United States Lifts Worldwide ‘Do Not Travel’ Advisory But Few Places Will Welcome American Visitors

The U.S. State Department has lifted a blanket ‘Do Not Travel’ advisory which was first introduced on March 19 in response to the rapidly developing COVID-19 pandemic. Now, rather than telling Americans to avoid travel anywhere in the world, the State Department will return to country-specific guidance that acknowledges that health and safety conditions are […]

Last-minute trips? Hotel guests booking only days in advance as COVID-19 pandemic continues, Hyatt CEO says

If you’re looking to book a last-minute hotel stay during the COVID-19 pandemic, you’re not alone. A majority of Hyatt customers have been booking stays only several days in advance. In the U.S., more than 65% of full-service hotel bookings and more than 75% of budget hotel bookings were made only four days in advance […]

U.S. Hotel Occupancy Continues Slight Upward Trend for Week Ending August 1st

U.S. hotel occupancy declined 34.5% to 48.9% during the week of 26 July to 1 August. ADR fell 25.3% to $100.04 and RevPAR dropped 51.1% to $48.96. U.S. hotel performance data for the week ending 1 August showed slightly higher occupancy and room rates from the previous week, according to STR. 26 July through 1 […]

Aeroflot has cancelled some of its scheduled international flights for August

Aeroflot has cancelled some of its scheduled international flights through August 31. The adjustments to the international flight schedule have been made in view of COVID-19-related travel restrictions in destination countries. Aeroflot will not operate flights to the following destinations until August 31: Aktau, Aktobe, Alicante, Almaty, Amsterdam, Atyrau, Athens, Baku, Bangkok, Barcelona, Beirut, Berlin, Bishkek, Bologna, Brussels, Budapest, Burgas, Bucharest, Chisinau, Copenhagen, Delhi, Dresden, Dublin, Dusseldorf, Frankfurt, Guangzhou, Hamburg, Hanoi, Hanover, Havana, Helsinki, Heraklion, Ho Chi Minh […]

Volaris Closes July with Positive Numbers, Seeks to Compete with Buses

According to the Mexican Stock Exchange, Volaris was the only airline to post positive results in the second quarter. The airline also ended the period from April-June reporting 1.5 billion pesos ($68.2 million) in revenue, which represents a fall in its revenues of 81.7% compared to the same period in 2019. However, the airline has shown […]

As summer heated up, so did US hotel profitability

Gross operating profit per available room improved for the first time since April at U.S. hotels, as the economy segment continues to lead all others in profitability. BROOMFIELD, Colorado—Data from STR’s Monthly P&L Program continues to show incremental improvement for the U.S. hotel industry. However, rooms expenses are starting to grow as new cleaning standards are […]

Hotels reimagine training to deal with pandemic

Operators are providing training to off-site employees and enhancing programs to deal with health and safety issues. REPORT FROM THE U.S.—As the industry navigates the pandemic, operators have had to focus on new ways of training employees to deal with a radical reset of required skills as hotels reopen or experience higher occupancies, including training […]

One factor that could spur the number of airline bankruptcies

As the global outbreak of COVID-19 expanded its horizons, the plethora of problems for airline executives also expanded. Carriers aimed to reduce their cash burn in every way possible, including the retirement of older or inefficient aircraft, grounding the majority of their fleets, furloughing employees – the list goes on and on. But there is […]