Net revenues were $108.5 million for the second quarter of 2020, a decrease of 77.5%, or $374.4 million, from $482.9 million for the same period of 2019, due to the closure of all of the Company's properties, as explained above.
Hosted by Industry Experts, 'Travel Inspired With Cambria Hotels' is Cambria's First-Ever Podcast Aimed at Providing Tips and Insights to Help Consumers Navigate the New Travel Environment
July and August are two of Europe’s most important months for hotels with travellers spread across the continent on summer holidays. However, it is no secret that summer looks much different this time around for Europe due to the global impact of the COVID-19 pandemic.
Portfolio Revenue per Available Room (RevPAR) – Declined 77 percent to $33, compared to the 2019 second quarter. Average daily rate (ADR) decreased 43 percent to $98, and occupancy dropped 59 percent to 34 percent.
Radisson Collection will arrive in China for the first time next year when it opens a low-rise resort, which will form a key part of a brand new integrated tourism complex in the Jiangsu Horticultural Exposition Park.
Following the news that Booking Holdings is to cut up to 25% of its employees, around 4,000 in total due to the ongoing impacts of COVID-19, Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, offers her view.
Margaritaville, and Davidson Hotels & Resorts today announced the conversion and upcoming opening of Margaritaville Resort Palm Springs. Located in the heart of the Uptown Design District, a historic playground for old-and-new Hollywood's elite, the resort is expected to open in fall 2020.
Dakota Mountain Lodge Homeowners Association has acquired the 159-guestrooms and suites Waldorf Astoria Park City in Park City, Utah, according to President of the homeowners association, Mark Bober.