In first earnings report, Airbnb posts quarterly loss of $3.9B

Airbnb co-founder and CEO Brian Chesky says he believes the COVID-19 pandemic has shown that his business is “inherently adaptable” as the home-share giant reports financial results for the first time since its IPO in December. Adaptable as Airbnb may seem – it’s been widely reported that vacation rentals across the board have proven a bright […]

IHG to debut Voco Hotels in Scotland

IHG Hotels and Resorts has announced the debut of its Voco Hotels brand into the Scottish market. Glasgow’s Voco Grand Central and Voco Edinburgh — Haymarket are both due to open in March 2021, subject to the Scottish Government’s restrictions and guidelines. Comprising 230 rooms, as well as extensive meeting and event spaces, the group’s […]

Over 200 hospitality leaders plead for emergency support

More than 200 industry leaders and trade bodies representing the UK’s hospitality and pub sectors have warned the Government that, unless a “substantial package of support” is announced at the Budget, nearly two thirds of businesses may not be able to make it to the end of lockdown. UKHospitality, the British Beer and Pub Association […]

Premier Inn to open five seaside hotels, creating 130 new jobs

Premier Inn has announced it will open five new seaside locations this spring/summer adding 545 bedrooms across the UK, creating 130 new jobs in the process. It has opened a new 100-bedroom Premier Inn at Sandown Seafront on the Isle of Wight today (26 February 2021), with new hotels at Scarborough, Bournemouth, Blackpool, and Thurso […]

Unlocking the hidden savings in your hotel | By Aaron Belton

In these undeniably challenging times, hotels look to do more with less. The pandemic transformed ways of working across many industries, and digitisation or “digital transformation” is often advocated as the way forward to help hospitality weather the storm and become stronger in the long-term. But what do these buzzwords mean for hotels, and what […]

Amadeus ends 2020 with large losses and 61% drop in revenue

Amadeus has reported revenue of €2 billion for 2020, a drop of 61% compared with 2019. The distribution giant says that while there was a slight improvement in air traffic in the final quarter of the year, the pandemic continued to severely impact travel. The company’s EBITDA for the year was down 90% to €223 […]

OYO Hotels reports 100% surge in room bookings

OYO Hotels has reported a 100% uptick in room bookings for its UK sites following the government’s announcement of a roadmap out of lockdown. Earlier this week, prime minister Boris Johnson revealed lockdown restrictions will gradually ease over the coming months, allowing hotels to partially reopen by 17 May. The uptick in interest came the […]

Extended Stay America launches new Premier Suites brand

Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the launch of Extended Stay America Premier Suites. The new brand will feature new construction and fully renovated properties with upgraded amenities to target higher-rated extended-stay guest segments, expanding Extended Stay America’s reach. The Company will also rebrand the remaining portfolio to […]

The role of revenue performance in the COVID-19 rebound | By Vivek Bhogaraju

The COVID-19 pandemic has brought a tremendous amount of uncertainty to the travel industry, including the revenue performance discipline, with many accommodations resting their success – and in some cases survival – in their revenue managers’ ability to effectively anticipate market trends. While this is a challenge unlike any other, it presents the opportunity for […]