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(September 21, 2020) – As devastated industries wait for Congress to pass another round of COVID-19 recovery legislation, a new surveyof American Hotel & Lodging Association (AHLA) members shows that the hotel industry remains on the brink of collapse because of the pandemic. Results show 68 percent of hotels have less than half of their typical, pre-crisis staff working full time, and without further governmental assistance, 74 percent of respondents said they would be forced to lay off additional employees.

AHLA conducted the survey of hotel industry owners, operators, and employees from September 14-16, 2020, with more than 1,000 respondents. Key findings include the following:

  • 68% have less than half of their typical, pre-crisis staff working full time currently.
  • Half of hotel owners said that they are in danger of foreclosure by their commercial real estate debt lenders due to COVID-19.
  • Without further governmental assistance, 74% of respondents said they would be forced into further layoffs.
  • More than 2/3 of hotels (67%) report that they will only be able to last six more months at current projected revenue and occupancy levels absent any further relief.
  • To raise awareness for hotel industry priorities, AHLA has rallied its members to “Save Hotel Jobs,” a grassroots initiative for hoteliers across the country to urge lawmakers to swiftly pass additional stimulus relief before departing on recess to campaign. This ongoing effort by hoteliers has resulted in more than 200,000 letters, calls, and tweets to members of Congress, an unprecedented demonstration of unity and support. Among hotel owner respondents, nearly half are in danger of foreclosure by commercial real estate lenders.

    “It’s time for Congress to put politics aside and prioritize the many businesses and employees in the hardest-hit industries. Hotels are cornerstones of the communities they serve, building strong local economies and supporting millions of jobs,” said Chip Rogers, president and CEO of the American Hotel & Lodging Association. “Every Member of Congress needs to hear from us about the urgent need for additional support so that we can keep our doors open and bring back our employees.”

    Rogers reiterated the urgency of the situation on a call on Friday with White House chief of staff Mark Meadows, followed by a conference call with business and travel leaders, hosted by the Economic Innovation Group. The most pressing concerns for the industry right now include access to liquidity and debt service, and liability protection.

“These are real numbers, millions of jobs, and the livelihoods of people who have built their small business for decades, just withering away because Congress has done nothing,” said Rogers on the call. “We can’t afford to let thousands of small businesses die and all of the jobs associated with them be lost for many years.”

Hoteliers can visit hotelsact.org to connect to their elected officials.

 
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(MIAMI, Sept. 23, 2020) – ABCO Cleaning Products, a leader in sustainable cleaning tools, today released five key considerations for making the switch to a more eco-friendly approach to cleaning.

“As a company that fully integrates sustainability, we understand the positive impact that environmentally and socially responsible cleaning programs have on a business’s bottom line and brand reputation,” said Carlos Albir Sr., president, ABCO. “These recommendations will help facilities implement cleaning programs that are better for the environment, and better for business.”

Five important considerations when making the shift to sustainable cleaning include:

  1. Assess the entire cleaning program – during the COVID-19 pandemic, it may be tempting to focus narrowly on finding an effective disinfectant. While disinfection is critical, it is only one part of a sustainable cleaning program. There are additional opportunities for greening your cleaning program, such as purchasing Green Seal® GS-20 certified mop heads and dust mops or other cleaning tools certified by independent third-party organizations. Consider each category of your program, from chemicals to tools to equipment to labor, to reduce consumption.
  2. Expand your definition of sustainability – the term “sustainability” means more than just reduced environmental impact. Economic sustainability means adopting cleaning practices and products that support long-term fiscal growth but avoid harming surrounding communities. Meanwhile, social sustainability accounts for impacts on individual people. Consider whether products were manufactured ethically, and how they might impact custodial workers and building occupants.
  3. Beware of greenwashing – some companies employ greenwashing, using buzzwords like “green” and “energy-saving” and deceptive imagery, to elevate the perception that their product is sustainable. Look past the product label and be skeptical of unsubstantiated claims that lack supporting evidence. Research companies and their business practices to ensure the product is truly sustainable.  
  4. Confirm the efficacy of products – in the age of COVID-19, only products that truly remove and kill germs effectively will suffice. Some facility managers may question sustainable cleaning products, but many environmentally responsible cleaning solutions are as or more effective than their conventional counterparts. Check product labels for efficacy data and follow manufacturer instructions to combat germs with maximum effectiveness.
  5. Train and explain – since the public has heightened awareness about cleanliness due to the pandemic, employees must understand how to use each new cleaning product and why they are being used. This ensures they will be able to answer questions like which cleaner is used to mop the floor. With the proper training, team members will be armed with knowledge about their revamped cleaning program and confident in conversations with customers.

“Companies are increasingly looking for ways to reduce their environmental footprints. Investing in a sustainable cleaning program is one method of doing so, and we hope this guidance makes the transition easier,” added Albir.

For more information, visit www.abcoproducts.com.

 
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The coronavirus outbreak has affected every sector across the globe, but the hotel industry is among the hardest hit. Although hotels implemented increased safety and sanitation measures and cautiously reopened for the summer travel season, recovery to pre-COVID-19 levels could take years.

According to data presented by StockApps.com, the combined market capitalization of Wyndham Hotels and Resorts, Choice Hotels International, Marriott International, Intercontinental Hotels Group, and Hilton Worldwide Holdings, as the five largest hotel chains in the world, hit $79.2bn in September, a $25.2bn plunge since the beginning of 2020.

Marriot International Witnessed the Biggest Market Cap Drop in 2020

To curb the spread of the virus, countries across the world have imposed lockdown rules, leading to thousands of canceled vacations, and closed hotels between March and May. Although many of them lifted off travel restrictions in the last three months, the first two quarters of the year produced colossal revenue and market cap drops to the largest hotel chains globally.

The market cap of Wyndham Worldwide, the biggest hotel chain in the world by the number of hotels, stood at $5.89bn in December, revealed the Yahoo Finance data. By the end of March, this figure dropped to $2.93bn. Although the second and third quarter of 2020 brought a recovery, the combined value of stocks of the U.S. corporation, which owns 8,092 hotels, stood at over $5bn in September, an $870 million plunge since the beginning of the year.

The second-largest hotel chain globally, Choice Hotels International, lost $440 million in market capitalization amid the coronavirus crisis. In December 2019, the total value of stocks of the company that owns 7,118 properties amounted to $5.76bn. During the last nine months, this figure dropped to $5.32bn.

However, statistics indicate that Marriot International, the third-largest hotel chain with 5,974 hotels in more than 110 countries, witnessed the most significant drop in market capitalization since the beginning of the year. In December, the combined value of stocks of the Washington-based corporation stood at $49.51bn. By the end of the second quarter, it halved to $24.25bn. Although the company's market cap recovered to $33.86bn in September, this figure still represents a 31% plunge since the beginning of 2020.

Intercontinental and Hilton Lost $8.3bn in Total Stock Value

Intercontinental Hotels Group ranked as the fourth largest hotel chain globally, with 5,070 hotels across nearly 100 countries. Statistics indicate the market capitalization of the British multinational hospitality company amounted to $12.3bn in December 2019. After falling to $6.2bn in March, it rose to $9.7bn in September, a 21% plunge amid the coronavirus crisis.

The total value of Hilton Worldwide Holdings stocks, the fifth-largest chain of hotels globally, dropped by $5.66bn since the beginning of 2020. In December, the market cap of the hotel group that generated around $9.45bn in revenue last year stood at $30.94bn. After a sharp drop caused by the Black Monday crash, it recovered to $25.28bn in September. Nevertheless, the figure represents an 18% fall since the beginning of the year. Statistics show two hotel groups lost $8.3bn in combined market capitalization amid the coronavirus crisis.

The full story can be read here: https://stockapps.com/worlds-five-largest-hotel-chains-lost-25-2bn-in-market-cap-amid-coronavirus-crisis/

 
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BANFF AB, September 8, 2020 – Gregor Resch has been appointed Regional Vice President & General Manager, Fairmont Banff Springs, effective September 4, 2020. As Regional Vice President, he will oversee Fairmont’s Canada’s Western Mountain Region including the Fairmont Chateau Lake Louise, Fairmont Jasper Park Lodge, and Fairmont Chateau Whistler in addition to Fairmont Banff Springs.
 
Mr. Resch brings almost thirty years of hospitality experience to this position having worked in Europe, the United States and Canada. He joined Fairmont Hotels & Resorts in 1994 as Assistant Front Office Manager, Fairmont Hotel Vancouver and proceeded to hold successive positions within the Rooms divisions of Hotel Vancouver. In 1999, Gregor joined the pre-opening team at Fairmont Vancouver Airport as Director of Rooms at the award-winning hotel before being promoted to Director, Operations at the Fairmont Waterfront. He then held the same position at the Fairmont Olympic Hotel, Seattle where he was key to the transition of that hotel from Four Seasons. In 2005, Gregor returned to Canada as Hotel Manager, Fairmont Banff Springs and in 2008 he was appointed to his most recent position as General Manager, Fairmont Chateau Lake Louise. Under his leadership, Fairmont Chateau Lake Louise was voted Company Hotel of the Year in 2018.
 
Gregor is a graduate of The Catering and Hotel Management School of the Chamber of Trade & Industry for Vienna, Austria. Most recently, Gregor received the Hotel Real Estate Investments and Asset Management Certificate from Cornell University. In his spare time, he enjoys hiking and skiing with his wife and three sons.

Resch replaces longtime hotelier Mr. David Roberts, who retired on September 4, 2020 following a distinguished 40 year hospitality career, including 31 years with Fairmont Hotels & Resorts.

 
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Calgary, AB – September 24, 2020 – WebRezPro cloud property management system (PMS) by World Web Technologies Inc. (WWT) now integrates with Hapi, a cloud data streaming and integration platform designed to solve the hospitality’s industry's rapidly expanding data management challenges.

Aggregating and standardizing data from diverse hotel systems, Hapi acts as a central data hub for faster, easier system integration that empowers hotels to elevate the guest experience and unlock opportunities for innovation.

An open yet secure data ecosystem is key to hotel innovation and progress, but proprietary data integration can be expensive and slow. Using an open model based on proven, scalable technology, the cloud-based Hapi platform unifies data from contributing systems—adding multiple layers of encryption, authentication, and governance—to reduce the cost and time to connect hotel systems, while improving security, scalability and control.

Through integration, data published to Hapi from WebRezPro and other hotel systems is normalized into a universal format that can be understood and utilized by various receiving systems, including CRM solutions, business intelligence platforms, contactless check-in applications and more, for bi-directional, real-time data flows that enable deeper insights and seamless automation. Hapi integration gives both hoteliers and software providers access to APIs and connectors that allow them to deploy integrated solutions more efficiently, breaking down barriers to innovation.

“Frictionless, secure data exchange is the way forward in hospitality and we’re excited to offer a connection to such a progressive data streaming solution as Hapi,” said Frank Verhagen, President at WWT. “Our integration with Hapi makes it easier and more affordable to connect other hotel systems to WebRezPro and unleashes further potential for exciting new opportunities.”

“WebRezPro customers benefit from a very progressive WebRezPro organization focused on their customers’ success.  With Hapi, they can easily  connect to partners like Salesforce, enabling them to drive new revenue at a time that it is sorely needed.  They can also connect to guest chat apps at a time that guests are looking for digital engagement, and they can do that both quickly and easily, ” said Luis Segredo, CEO of Hapi’s Data Travel.

 

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