The $100 million sale of the Renaissance Austin hotel< failed to close with the buyer forfeiting $2 million in earnest money. The deal was announced in February and hotels are worth a lot less today than they were two months ago – enough so that it made sense to walk away from a $2 million deposit. Whether the unnamed buyer no longer wanted to do the deal (reasonable) or was unable to get financing (also a challenge now) is unclear.
A roundup of the most important stories of the day. I keep you up to date on the most interesting writings I find on other sites – the latest news and tips.
A year and a half ago police stormed the Westin Denver airport room of a United Airlines pilot, arresting him for dancing, gyrating and waiving” naked in front of the TSA screening checkpoint below the window of his room.
Police entered with guns drawn. He was naked. He took a phone call, he said, just as he was about to get into the shower…
So far $2.9 out of $25 billion has been disbursed “to 54 smaller passenger carrier and two major passenger airlines,” and agreements have been reached with Allegiant, American, Delta, Southwest, Spirit and United.
It turns out the government has put itself on a payment plan to fulfill its bailout commitments.
American Airlines today has increased first check bag fees on flights between North American (or Central or South America) and Europe on basic economy fares from $60 to $75.
For hotels to attract guests they’re going to need to be responsive to these customer demands. They need to give guests confidence to stay, and hotels will compete to offer a product that appeals to these sensibilities.
Marriott has now outlined their plans for increased health and safety for both employees and guests. But even more change will be coming to the industry.
American is out with a new video, You Are Why We Fly. That’s not one of American’s new slogans (e.g. “caring for people on life’s journey”) but does harken back to one of the airline’s more important messages of the past: we know why you fly.
‘You are why we fly’ speaks to why they keep going in the face of unprecedented challenges, why they continue the business with fares so low and planes so empty, why employees travel from place to place and continue to interact with customers at the airport and on board even in the face of the global pandemic.
A roundup of the most important stories of the day. I keep you up to date on the most interesting writings I find on other sites – the latest news and tips.
Virgin Australia’s Velocity Frequent Flyer program has suspended redemptions even though it is a separate company and not included in the administrative restructuring. The frequent flyer program had been spun off in 2014, but reacquired.
The program’s 10 million members apparently had been redeeming points for “gift cards, electronic goods, and wine,” according to the airline, while members weren’t redeeming for travel. There was a ‘run on the bank’ as members questioned the viability of the program with the airline in trouble.
There’s a great idea to dive into the frequent flyer hobby – from the craziest of schemes, to the oddball personalities, to the ethics – either as a movie or television short season. Many folks have tried it. I’ve sat down with several of them, given thoughts and interviews. It’s never quite come to fruition.
One has made it to the stage of a trailer for their documentary. Lots of familiar faces here.
Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel -- a topic he has covered since 2002.
Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »
