2. Marriott is receiving twice as many corporate bookings in the US than it was in April and May. SVP and CFO, Leeny Oberg, stated: “That’s clearly an example where there is more comfort in traveling.”
3. However, 58% of Manhattan room inventory remains closed, at least according to eHotelier.
4. The Peninsula Hotels moved its core operational systems to a platform built by Chinese Goliath, Shiji, replacing Oracle Hospitality as its property management system. …
🦠 Booking.com is laying off 4,500 employees
🦠 Expedia bookings are down 90% in Q2 and revenue is down by 82%.
🦠 Trivago lost 93% revenue in Q2, from €223.7 million (2019) to €16.1 million (2020)
🦠 Boeing lost $2.4 billion last quarter and revenue fell 25%.
🦠 Biotech company, Moderna is enrolling 30,000 volunteers for its biggest coronavirus vaccine trial.
🦠 TUI will close over 160 street shops in the UK
🦠 Virgin Atlantic filed for bankruptcy in the US
📈 Booking windows are getting shorter and shorter: according to Hyatt data, more than 75% of budget hotel bookings were made only four days in advance during the month of June. …
🦠 According to a report by STR and AirDNA, short-term rentals have maintained higher performance levels than hotels since the start of the COVID-19 pandemic.
🦠 According to Ralph Hollister, Travel & Tourism Analyst at GlobalData, MICE tourism may never fully recover from COVID-19: “MICE events are now taking place online, without the need for companies operating in the tourism sector. …