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United jets at the gate at Denver International Airport. Flickr Skift Take: With federal payroll aid rules preventing airlines from making any job or pay cuts before September 30, it’s a safe bet we’ll see the other major U.S. carriers make similar announcements for October. — Matthew Parsons Read the Complete Story On Skift
Read MoreArtist impression of Marco Polo Prince Hotel’s Club Lounge: Note the more spacious layout, plus private sections. Wharf Hotels Skift Take: It’s clear there’s going to be a new normal when guests start traveling again. Hotels in Asia that are renovating in times of Covid-19 are altering designs, although some things don’t change. — Raini […]
Read MoreGorillas are at risk due to ecotourism’s collapse. Richard Ashurst / Flickr Skift Take: Ecotourism’s collapse due to the coronavirus isn’t just bad for the humans who rely on it for revenue, but also the wildlife that it protects. — Rosie Spinks Read the Complete Story On Skift
Read MoreBritain’s hospitality sector is threatening a wave of lawsuits against insurance firms like AXA over rejected business interruption claims stemming from coronavirus. Kokky92 / Wikimedia Skift Take: British lawsuits could set a global precedent for how insurance firms perceive a global pandemic in terms of business interruption coverage. — Cameron Sperance Read the Complete Story […]
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Read MoreA general view shows the headquarters of Anbang Insurance Group in Beijing, China, February 23, 2018. Mirae Asset scraps $5.8 billion deal to buy U.S. hotels from China’s Anbang. Thomas Peter / Reuters Skift Take: Mirae is probably experiencing a bad case of buyer’s remorse as the coronavirus pandemic takes a huge bite out of […]
Read MoreFlight Centre’s retail footprint will be reduce by half in the new measures proposed. Skift Take: This cost-cutting package could be one of the largest we’ll see in this crisis. On paper, the cuts look like they’ll be enough, but there will be collateral damage to its brand with so many shop closures. — Matthew […]
Read MoreGirl on a Mobike bike in the line for street food shops in Wuhan China. Walks Skift Take: In travel-related coronavirus stories this week, Skift covered potential recovery timelines, layoffs at Tripadvisor and Kayak, Aribnb’s vision of an era of travel redistribution, lessons for hoteliers from 9/11 and SARS, and Hilton’s partnership to enhance its […]
Read MoreThe Ritz-Carlton Sarasota (pictured) was among the recipients of the Ashford Group of Companies’ PPP funding. Josh Hallett / Flickr Skift Take: Bigger companies are returning PPP funds, but that doesn’t mean small hotel operators are having an easier time getting relief from the downturn in travel. — Cameron Sperance Read the Complete Story On […]
Read MoreDown 203 percent, New York City saw the steepest decline in hotel gross operating profits in March. The U.S. average was a 102 percent decline. Fred Hsu / Wikimedia Skift Take: Gross operating profits tanked in March, and it could take until 2021 for them to get to levels where owners can satisfy operational costs […]
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