NH Hotel Group has agreed the extension of its 236 million Syndicated Revolving Credit Facility from September 2021 until March 2023 with all the lenders.
Hotel news in Multicountry
Consistent and harmonized travel protocols, enhanced safety measures and the protection of jobs and livelihoods are the main ingredients needed for the restart of tourism. The Sixth meeting of the UNWTO Global Tourism Crisis Committee reminded participants of the need to work together as the only means of advancing the sustainable recovery of the sector.
In a historic first, G20 Tourism Ministers hosted more than 45 CEOs and Members of WTTC, who presented their plan to save the embattled Travel and Tourism sector and 100m jobs globally.
Highgate has announced it has assumed management of Trust Hospitality portfolio assets, comprised of 22 hotels and resorts throughout the U.S., Caribbean and Latin America.
The Covid-19 crisis has disproportionately affected tourism, a sector that accounts for millions of jobs around the globe. While no one can say with certainty when tourism will recover, people are starting to dream again of getaways whether closer to home or to remote destinations.
As growing numbers of countries around the world ease restrictions on travel, the World Tourism Organization (UNWTO) has launched a new Tourism Recovery Tracker to support global tourism.
The EBRD and the World Tourism Organization (UNWTO) are joining forces to promote sustainable tourism, accelerate the transfer of climate finance and make green technologies more accessible for the tourism sector through the Bank online shopping-style platform Green Technology Selector.
The majority of Global Business Travel Association (GBTA) companies expect their employees to return to in-person events in 2021.
As restrictions on travel begin to ease globally, destinations around the world are focusing on growing domestic tourism, with many offering incentives to encourage people to explore their own countries.
Analysts at Lodging Econometrics (LE) state in the Q2, 2020 Latin America Hotel Construction Pipeline Trend Report, that the total construction pipeline stands at 681 projects / 118,936 rooms, down 4% by projects and rooms, year-over-year (YOY).
The enormous toll of COVID-19 on international tourism has now become clear, with World Tourism Organization (UNWTO) data showing the cost up to May was already three times that of the 2009 Global Economic Crisis.
Radisson Hotel Group announces 15 new hotel signings across EMEA in Q2 2020. The new signings re-affirm the Group commitment to its ambitious 5-year development plan.
With lockdowns lifting and borders opening, millions of Europeans are heading off for a summer holiday - even if their plans are rather different to previous years.
The World Tourism Organization (UNWTO) has strengthened its partnership with Telefónica, the Spanish multinational telecommunications company.
New research from the World Travel & Tourism Council (WTTC) shows even a modest increase of just one million more international arrivals into Europe could generate an extra $0.48 billion in GDP.
Meliá Hotels International has created the Meliá Pro Travel Labs community on Facebook, an exclusive community for travel agents with a programme of live events in which agents will have the chance to take part in webinars, workshops, round tables and virtual visits to company hotels.
Member States from across Africa have shared their priorities for tourism against the backdrop of COVID-19. As with every other global region, African destinations have been hit hard by the restrictions on travel introduced in response to the pandemic.
Accor is stepping up its ambition in the lifestyle sector with TRIBE, a rapidly expanding midscale brand, which is exceeding initial expectations and planning to open more than 50 hotels globally.