Hotels

Category Archives for Hotels.

Coronavirus May Drive Hotel Revenue Down 65% In The Second Quarter

Mar 09 2020

Already we’re seeing a massive slowdown in travel. It’s scaring travel providers like United to do crazy things. Eventually they’ll need their customers when people travel again but for now United’s customers are the enemy.

How bad could things get for the travel industry? No one is certain, we’re taking stabs in the dark, but one scenario is that worldwide hotels could be down 65% in the second quarter.

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Marriott’s New Promotion Is Out, It’s Weak, But Register Now Before You Forget

outside marriott hotel
Mar 03 2020

The question is whether Marriott is making a big mistake with such a modest promotion as hotel occupancy and rates begin to fall. This was happening even before coronavirus. The argument in favor of spending very little on promotion marketing is that bonus points aren’t going to move the needle when people are scared to travel (it’s why airfares went up after 9/11, only those who absolutely had to travel were taking to the skies).

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DUMB: Las Vegas Travel Is Down So Caesars Is Raising Resort Fees

Feb 29 2020

In August the CEO of Caesars declared that resort fees could be the straw that breaks the camel’s back for Las Vegas lodging. Yet just two months later Caesars raised resort fees at Caesar’s Palace, Nobu and Rio.

Now with visitor arrivals to the U.S. under pressure from coronavirus – and the entire Chinese market large cut off from travel to Las Vegas – you’d expect prices to be reduced, not raised. Yet effective March 3 Caesars is raising resort fees at Harrah’s, Flamingo, Linq and Bally’s.

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