Hotel Industry News

A collection of Hotel latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

financialexpress.com - FE Bureau - It may take 6-8 quarters for hotel industry to reach pre-Covid occupancy rates: CARE
It may take 6-8 quarters for hotel industry to reach pre-Covid occupancy rates: CARE
The Financial Express

The hotel industry may take anywhere between six and eight quarters to reach the pre-Covid level occupancy rates, a report released by CARE Ratings on Wednesday said. Analysts at the firm expect occupancy rates to pick up from the October-December…

wsj.com - Dan Strumpf - Overnight, a Hong Kong Hotel is Transformed Into China's State Security HQ
Overnight, a Hong Kong Hotel is Transformed Into China's State Security HQ
Wall Street Journal

HONG KONG—First the construction signs went up, then a flagpole appeared and police officers started to swarm the streets. Within hours, the skyscraper hotel in a cozy neighborhood of bars, apartments and boutiques was transformed into…

reuters.com - Yanni Chow and Donny Kwok - China converts Hong Kong hotel into new national security office
China converts Hong Kong hotel into new national security office
Reuters

HONG KONGHONG KONG (Reuters) - China opened its new national security office in Hong Kong on Wednesday, turning a hotel near a city-centre park that has been one of the most popular venues for pro-democracy protests into its new headquarters. The…

nikkei.com - KENJI KAWASE - China's new Hong Kong security agency pops up in four-star hotel
China's new Hong Kong security agency pops up in four-star hotel
日本経済新聞

HONG KONG -- Overnight, a four-star hotel near Hong Kong's prime shopping district has become the command center for a newly established national security office. The swift transformation was carefully planned and executed on Tuesday night, not…

dailynews.com - Kevin Smith - Workers protest hotel reopenings amid COVID-19 flareups
Workers protest hotel reopenings amid COVID-19 flareups
Daily News

Hospitality workers held protests at hotels throughout Los Angeles County on Wednesday. They are seeking a pause in the reopening of hotels saying they don't want to be forced to return to work if conditions aren't safe. (Photo courtesy of Unite…

xinhuanet.com - Feature: Italy's hotel operators feeling sting of pandemic as tourism slowly restarts - Xinhua | English.news.cn
Feature: Italy's hotel operators feeling sting of pandemic as tourism slowly restarts - Xinhua | English.news.cn
Xinhuanet

People walk outside the reopened Colosseum in Rome, Italy, June 1, 2020. (Xinhua/Cheng Tingting) 'We're entering a stage in which as many as half of the hotels in Rome could be in danger of closing.' ROME, July 8 (Xinhua) -- Operators in Italy's…

americanbanker.com - Glen Fest - Citigroup revives $435M hotel CMBS deal shelved at onset of pandemic
Citigroup revives $435M hotel CMBS deal shelved at onset of pandemic
American Banker

Citigroup is bringing back a previously planned $435 million hotel-property securitization that was tabled after the coronavirus outbreak saddled U.S. capital markets in February. According to ratings agency presale reports, the bank and Brookfield…

theconversation.com - Sarah Kaine - Melbourne's hotel quarantine bungle is disappointing but not surprising. It was overseen by a flawed security industry
Melbourne's hotel quarantine bungle is disappointing but not surprising. It was overseen by a flawed security industry
The Conversation

In late March, the Victorian government put private security firms in charge of hotel quarantine in Melbourne. This happened without a formal tender process. It was a decision made at the height of concern about the spread of COVID-19 in Australia.

fox8.com - Natasha Anderson - Walt Disney World resuming park ticket sales, resort hotel bookings tomorrow
Walt Disney World resuming park ticket sales, resort hotel bookings tomorrow
fox8.com

ORLANDO, Fla. (WJW) — Walt Disney World is ready to welcome guests back! Starting Thursday, the company is resuming theme park ticket purchases and Disney resort hotel bookings. According to the company, Disney World had previously stopped…

thechronicleherald.ca - Jeremy Fraser - Irwin Simon becomes new owner of Cambridge Suites Hotel on the Sydney waterfront | The Chronicle Herald
Irwin Simon becomes new owner of Cambridge Suites Hotel on the Sydney waterfront | The Chronicle Herald
CREAM

SYDNEY, N.S. — Irwin Simon has checked into the Cambridge Suites Hotel, but not for a one-time overnight stay. The Glace Bay native was officially announced as the new owner of the Sydney waterfront hotel. The sale was finalized on Monday…

therealdeal.com - Kevin Rebong - TRD Insights: These hotel businesses got big PPP funding
TRD Insights: These hotel businesses got big PPP funding
The Real Deal New York

Gaw Capital's Standard High Line in NYC, Steve Witkoff and Howard Lorber's West Hollywood Edition in LA and SoftBank-backed Oyo Hotels among scores that each received $5M+ KEVIN SUN JUL 8, 2020 3:21 PM More than 8,100 hotel businesses across the…

law360.com - James Nani - RI Tourism Orgs, Localities Oppose Hotel Tax Hike Amid Virus
RI Tourism Orgs, Localities Oppose Hotel Tax Hike Amid Virus
Law360

A proposal by Rhode Island's governor to increase the state hotel tax from 5% to 6% would further harm the hospitality industry amid the COVID-19 pandemic, Rhode Island tourism groups and localities told... To view the full article, register now.

law.com - Miami Worldcenter Hotel to Include Pandemic-Ready Medical Center | Daily Business Review
Miami Worldcenter Hotel to Include Pandemic-Ready Medical Center | Daily Business Review
Law.com

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that…

telegraph.co.uk - Emma Beaumont - VAT slashed for hospitality, but will hotel stays become cheaper?
VAT slashed for hospitality, but will hotel stays become cheaper?
The Telegraph

Rishi Sunak has slashed VAT rates for holiday accommodation and attractions in a much-needed boost for the UK tourism industry. Enjoy unlimited access to all articles Get unlimited access for free for your first month Cancel anytime Rishi Sunak has…

clevescene.com - Ginger Christ and Rachel Dissell - Westside Hotel Gives Cleveland's Homeless a Place to Rest Their Heads During The Coronavirus Pandemic
Westside Hotel Gives Cleveland's Homeless a Place to Rest Their Heads During The Coronavirus Pandemic
Cleveland Scene

A cherry-colored 10-speed rests inside the door of room 123 at a hotel* on the west side. It's overturned, forks facing the ceiling, a deflated front tire slung over a pedal. Abel Currie has crisscrossed Cleveland on the vintage bike, sometimes on…

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