Vacationers will find discounted rates and special amenities. Delhi reports 6,746 new COVID-19 cases. An affiliate of The Axton Group yesterday announced the firm has closed on the acquisition of the Renaissance Austin Hotel for $70 million. Hotel industry Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. The short-term rental segment in London reported occupancy in October reached 62.4%, a 5.9% increase from September. The chains said the alliance will work together to create 'unique culinary and wellness experiences' and will also collaborate on innovation, sustainability and staff learning and development opportunities. Categories. Discover the latest and breaking Hospitality and Hotel news from The Wall Street Journal. Let's reshape it today, Hunt for the brightest engineers in India. Updated: Nov 22, 2020, 11.55 PM IST. Menu. Top Story. Have you read these stories? However, it has not yet been operationalized. Sbe's Sam Nazarian Sells Remaining 50% Stake to Accor Hotels, Airbnb's Q3 Earnings Demonstrates a Positive Reaction to the COVID-19 Pandemic, 492 Room Renaissance Austin Hotel Sold for $70 Million, US Short-term Rentals Outgained Hotels in Some Markets, London Short-term Rental Occupancy Rebounds in October, 7 Powerful Instagram Marketing Tips for Vacation Rentals (that Actually Work), Week Ending November 21st U.S. Hotel Occupancy at 41.2 Percent Slipped Further from Previous Weeks, WTTC Hosts First Virtual AGM with over 120 Members and WTTC Ambassadors in Attendance →, 5 Ways Hotels Can Boost Their Revenue Amid The COVID Chaos →, 100 Room AC Hotel Park City Opens in Utah →, → U.S. Travel: Do Your Part for Public Health If You Choose to Travel for the Holidays, → Braniff Airways Signs Licensing Agreement for New Braniff Themed Hotel in Dallas, Texas, → Cutting the 14-day Quarantine to Five Days is Welcome News for the UK Travel & Tourism Sector, → TownePlace Suites by Marriott Opens in Woodbridge, Virginia, → China's Hotel Construction Pipeline Continues to Remain Robust at the Q3 2020 Close, US Short-term Rentals Outgained Hotels in Some Markets →, London Short-term Rental Occupancy Rebounds in October →, Week Ending November 21st U.S. Hotel Occupancy at 41.2 Percent Slipped Further from Previous Weeks →, Sbe's Sam Nazarian Sells Remaining 50% Stake to Accor Hotels →, 492 Room Renaissance Austin Hotel Sold for $70 Million →, Canadas Investment in Universal Broadband Will Help Accelerate Growth of Online Travel Industry →, Technology Trends in Travel The Face of Hospitality Tech in 2021 - By Laura Badiu →, Discussion of Hospitality Technology Across the Atlantic - By Carl Weldon, HFTP COO Europe →, What to Do With Hotels That May Never Reopen Due to COVID - Commercial Observer →, COVID-19 Webinar Summary: 5 Key Points on Asia Pacific Hotel Performance, 13 November - STR →, Airbnb Files to Go Public, Turned a Profit Last Quarter - CNBC →. Located just 35 minutes from the Salt Lake City International Airport, AC Hotel Park City is in close proximity to Park City's wealth of activities. This is particularly significant on the eve of Thanksgiving, a celebration which many had hoped would spur domestic travel. The online survey was conducted in March 2020 and 338 participants responded to it, the company said. Like all other major players in the lodging industry, Airbnb was hemorrhaging cash at a rapid rate at the start of the COVID-19 pandemic. Hotel Brands Launched in 2019. Globe-trotting, well-heeled Indians will now explore their country, feels the veteran of the Indian hospitality industry. India has now restored all existing visas, except tourist, and foreigners can come for business and conferences. As per the report, rooms rates will take more time to reach the same levels of 2019 as the competition amongst the branded hotels is set to increase as more independent hotel owners and operators will resort to branded chains for operations of their properties. All rights reserved. 87% of US respondents in GlobalData's latest survey in November said they are concerned about restrictions on socializing with friends and family. For the next year as well, we will be looking for employees who are willing to work in an unconventional culture and are willing to be flexible and agile, Satish said. More Stories. There has been a shift in the workspace as the environment called for taking up multiple roles and stepping up to work across departments. Hotel industry Blogs, Comments and Archive News on Economictimes.com. It would help the salt-to-software conglomerate expand its hospitality footprint acr- -oss key markets, especially in the US, where it selectively withdrew operations to address balance sheet concerns. The process is online and normally commences in the month of May each year. As per RateGain, provider of revenue management, distribution and digital marketing solutions to hotel chains, in the last four weeks, India’s recovery has improved by 73% on total reservations.