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.CVOA MEMBER NEWS
Opportunity to view the HVS webinar on global hotel performance & values: Now and moving forward
HVS
HVS hosted an hour-long webinar on September 8, 2020, in which the HVS global senior leadership team provided their insights on numerous important and timely hospitality topics. Based on their extensive in-market knowledge, they shared their thoughts on how the COVID-19 pandemic has affected their respective regions, the kind of recovery hoteliers can anticipate, and the long-term changes the sector is likely to experience.
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B.C. tourism and travel bear brunt of pandemic economic fallout
British Columbia Hotel Association
In looking at the impact of the COVID-19 pandemic across the economy, one broad sector stands out for the extent of the damage inflicted on businesses and their employees: tourism and travel services.
Closed borders, the collapse of international travel, the cancellation of conferences and conventions, the near evisceration of the airline and cruise ship industries — these developments sound a temporary death knell for what, prior to 2020, had been one of British Columbia’s most vibrant economic sectors.
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Diamond Resorts & timeshare owners warn of Newton Group & DC Capital Law's timeshare 'exit' scams
Resort Trades
Diamond Resorts, a global leader in the hospitality, vacation ownership and entertainment industries, and victims of a timeshare “exit” scams are warning timeshare owners not to work with fraudulent third-party exit companies. Diamond has filed a lawsuit against Newton Group and DC Capital Law Firm, LLP for allegations of false advertising and fraudulent business practices. As part of its complaint, Diamond alleges that the Newton Group deceived former timeshare owners into purchasing illusory timeshare exit services.
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.V-O & TRAVEL INDUSTRY NEWS
Coalition of Hardest Hit Businesses
Hotel Association of Canada
On September 17, 2020, the Coalition of Hardest Hit Businesses (CHHB) launched a campaign calling on the federal government to extend the Canada Emergency Wage Subsidy (CEWS) program at the full 75% rate for businesses facing an ongoing revenue decline of 50% or higher, and extend the program until Spring/Summer 2021. The CHHB is an industry-driven group of over 50 stakeholders representing a variety of sectors including tourism, arts and culture, events and festivals, and hospitality.
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Canada border with USA staying shut at least another month
Travel Pulse
Canada and the United States have agreed to extend the temporary restriction of all non-essential travel across the Canada-U.S. border until Oct. 21, 2020.
The previous border closure was due to expire Monday, Sept. 21. An extension of the closure order had been expected for a number of days, as recent polls show a vast majority of Canadians want the U.S. kept sealed as tight as possible.
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Palladium Hotel Group unveils fall reopening dates for Mexican, Caribbean resorts
Travel Pulse
Palladium Hotel Group, which reopened a number of Mexican and Caribbean resorts in July, released an updated timeline for additional property reopenings in both destinations.
Grand Palladium White Sand Resort & Spa, Grand Palladium Colonial Resort & Spa, Grand Palladium Kantenah Resort & Spa and TRS Yucatan Hotel in the Riviera Maya, are scheduled to reopen on Oct. 2.
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Economy extended-stay hotels hold up best during Q2 2020
HVS
The second quarter of 2020 was the low point for the hospitality industry, as the world was gripped by the pandemic and as travel lockdowns were widespread. HVS compiled the 2020 performance statistics of brands reported by public companies for the second quarter and compared the data to second-quarter performance of 2019. The data reflect the resiliency of economy, extended-stay brands during the first months of the pandemic.
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Airbnb will get to its long-awaited IPO with a spring in its step
PhocusWire
Airbnb filed for an initial public offering on August 19, 2020, after a tumultuous second and third quarter in which the company had its hands full dealing with the fallout of the COVID-19 pandemic, including laying off 25% of employees.
The company deciding to go public this year might come as a surprise to many, given that travel is among the hardest-hit sectors of the economy. Airbnb, while not on the public markets, saw its valuation drop from $31 billion (as of its prior funding round in September of 2017) to $18 billion, as part of a $1 billion financing deal in April 2020.
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.RANDOM BITS & NEWS BITES
MSC Cruises reports a successful restart to cruising
Travel Pulse
MSC Cruises’ first ship to resume sailing since operations were suspended at the start of the COVID-19 pandemic was its flagship, the MSC Grandiosa, which restarted operations in the Mediterranean on August 16.
Now, MSC Grandiosa is wrapping up her fifth successful cruise since the restart, adhering to the company’s new, comprehensive health and safety protocols.
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Hawaii to allow travellers to bypass quarantine if they provide negative COVID-19 test
Travel Pulse
Hawaiian officials recently announced that travellers arriving from out of state would soon be able to bypass the mandatory 14-day quarantine upon arrival if they provide a negative coronavirus test.
According to The Associated Press, Hawaii Governor David Ige revealed that travellers who take a COVID-19 test with a negative result within 72 hours before their flight arrives in the state would be able to enter without quarantine starting on October 15.
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Touchless tech: The simple — and advanced — ways ground transport providers are encouraging travel
PhocusWire
For the past few years, one of the biggest buzzwords in travel has been “seamless,” envisioned as a utopian experience in which every moment of a journey — before, during and after a trip — happens effortlessly and yet is customized to the needs and interests of the traveller.
Then came COVID-19 — upending the travel industry, the way business is conducted and the expectations of consumers.
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Hilton Grand Vacations announces national partnership with Junior Achievement USA
Resort Trades
Hilton Grand Vacations Inc. is excited to announce it has chosen Junior Achievement USA (JA) as a national partner in its corporate social responsibility program — HGV Serves.
“Junior Achievement’s purpose is to inspire and prepare young people to succeed in a global economy,” said Mark Wang, president, and CEO of Hilton Grand Vacations. “Its mission aligns perfectly with the youth development pillar of our CSR program, HGV Serves. We are focused on encouraging our nation’s youth to realize their dreams through education, financial literacy, and work readiness.”
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