5 things to know: 15 June 2017
 
5 things to know: 15 June 2017
15 JUNE 2017 9:10 AM

From the desks of the Hotel News Now editorial staff:

  • Trump administration amends start of travel ban
  • Fed raises interest rate once more
  • Bright spaces, accents key for summertime design
  • Attack on Somali hotel kills 19
  • Production cuts not solving OPEC’s woes

Trump administration amends start of travel ban: In an apparent effort to prevent sections of his executive order banning people from six Muslim-majority countries from entering the United States from expiring, Reuters reports the Trump administration has issued a memo stating the starting date of the order should be when the ban is lifted, not the 90 days after the order was supposed to take effect on 16 March.

The U.S. Supreme Court is considering two challenges to the ban, but if sections of the order were to expire after the 90-day period (which would have been 14 June), the court “would have no reason to rule on it and lower court rulings against the administration would remain in place,” the article states.

Furthermore, on Tuesday, the U.S. Supreme Court gave the Trump administration extended time to file papers responding to an appeals court ruling on Monday, which upheld the travel ban block, Reuters stated. The action “likely delayed any decision on administration requests for the ban to go into effect until at least next week.”


Fed raises interest rates once more: The Federal Reserve raised interest rates again by a quarter of a percentage point “to a target range of 1.00% to 1.25%,” Reuters reports, with another hike likely this year.

The move signals the Fed’s “confidence in a growing U.S. economy and strengthening job market,” the article states. The rate-setting committee cited the strengthened economy, solid job gains and its belief “a recent softness in inflation as largely transitory,” the news agency reports.

Along with raising rates, the Fed also outlined its plan to reduce its $4.2 trillion portfolio of U.S. Treasury bonds and mortgage-backed securities, the article states.


Bright spaces, accents key for summertime design: Hoteliers looking to freshen up their public spaces in time for summer have some simple and inexpensive options available to them, writes HNN’s Dana Miller. The lobby is deemed the most important public space because every guest coming to the hotel walks through it.

One possible route for hoteliers is to bring some outside elements into the hotel.

“Everybody in the summertime, most people want to be enjoying the sunshine and the nice weather … also adding more plants and flowers, hanging pots, hanging baskets are pretty easy updates,” said Alison Priestman, creative director of Toronto-based Navigate Design.


Attack on Somali hotel kills 19: An attack on Somali hotel in Mogadishu, Somalia, involving a car bomb and armed militants killed at least 19, Reuters reports. Al Shabaab claimed responsibility for the attack.

A suicide bomber drove a car into The Posh Hotel before armed militants entered an adjacent restaurant and took 20 people hostage, the news agency reports. The article notes the Posh Hotel was the only venue with a discotheque in Mogadishu.

Security forces took control of the restaurant after several hours, killing five of the gunmen, the article states. Twenty-seven civilians were taken to the hospital for injuries caused by the attack.


Production cuts not solving OPEC’s woes: Production limits set by the Organization of Petroleum Exporting Countries and allies such as Russia have not stopped the drop in oil prices, The Wall Street Journal reports.

The international price benchmark, Brent crude, and the U.S.’s West Texas Intermediate saw prices fall 4% after the latest information release on oil inventories, the newspaper reports. Prices have dropped 17% since the start of the year.

“There’s still so much crude in storage," Doug King, chief investment officer at RCMA Asset Management, told the Wall Street Journal. “OPEC needs much deeper cuts to draw inventory.”


Compiled by Bryan Wroten. 

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