Accor has more than €4bn of cash available. The group is seeing initial signs of business improvement
Business
Hotelivate report: Disruptions that will redefine hospitality in a post-pandemic world
Siddharth Thaker, Managing Partner, Prognosis Global Consulting talks about the upcoming innovations that will transform the traditional hotel operating models
After rail and air travel, Aarogya Setu app likely to be made mandatory for booking hotel rooms
The Ministry of Tourism is preparing guidelines for hotels and tour operators, which they need to adhere to once they resume their businesses
Travel & tourism deal activity rebounds, registers 22.7% growth
The announcement of debt offering deals increased by 160% during the week, while mergers and acquisitions (M&A) and venture financing deal volume declined by 57.1% and 33.3%, respectively
Accor to provide medical support to guests across its 5,000 properties worldwide
Accor’s partnership with AXA will enable its guests to benefit from AXA’s most recent advances in telemedicine through free access to medical teleconsultations
Absolute Hotel Services partners with Diversey to heighten their hygiene and safety protocols
The new hygiene and safety programme will address all facets of hotel operations
The Pride Group of Hotels launches a slew of new normal initiatives
Pride Hotels has also extended support to the working professionals by providing alternate workspace
Marriott International secures #1 rank on DiversityInc top 50 list
The company was also ranked on speciality “Top Companies” lists for Executive Diversity Councils (#2), Philanthropy (#3), Board of Directors (#4), Supplier Diversity (#5), and LGBT efforts (unranked list).
Horwath HTL’s Hotel Sentiment Updated Survey 2020: Impact of COVID-19
The Updated survey (Part-II) clearly examines the impact of COVID-19 on India’s hotel industry, the challenges and also presents a roadmap to the industry to frame its responses to the challenges ahead
Hyatt announces layoffs across its global corporate functions to tide over crisis
Hyatt has taken numerous actions including reductions of company-wide expenditures, extended salary reductions for the senior leadership team and board of directors, and temporary work and/or pay reductions for all corporate colleagues
