5 things to know: 29 June 2020
5 things to know: 29 June 2020
29 JUNE 2020 10:00 AM

From the desks of the Hotel News Now editorial staff:

  • Report finds lack of black leaders in hotel industry
  • A closer look at the latest US hotel forecast
  • EU intends to ban US travelers after reopening
  • US coronavirus cases ‘surge’ again over weekend
  • Shiva Hotels signs £230m deal to develop luxury hotel

Report finds lack of black leaders in hotel industry: “Black Representation in Hospitality Industry Leadership 2020,” a new report from The Castell Project, found that while black employees account for one in five employees in the U.S. hotel industry, they account for only one in 65 in executive roles at the director level or higher, according to a news release.

“The hospitality industry has long told the story that anyone can start at an entry level position and reach leadership through sweat and hard work,” Castell Project Chair Peggy Berg said in the release. “Unfortunately, the numbers do not show this to be true for black employees. We hope the statistics in this report will support negotiations and a real commitment to open opportunity to black men and women.”

A closer look at the latest U.S. hotel forecast: Analysts from STR and Tourism Economics delved into the latest U.S. hotel industry forecast to explain the factors at play. The forecast considered economic conditions, expectations for the coronavirus pandemic, a four-stage lodging demand recovery, hotel construction delays, rate declines and gradual normalization. STR is the parent company of Hotel News Now.

In looking at demand recovery, STR’s Emmy Hise and Tourism Economics’ Aran Ryan write that the pandemic significantly affected both group and business-transient demand, but both are expected to gradually resume.

“Leisure transient demand is expected to be moderately impacted,” they write. “Leisure travelers driving to regional destinations outside major urban areas are assumed to account for the bulk of activity. There is some substitution of what would have normally been international travel outside the U.S., with domestic travel.”

EU intends to ban U.S. travelers after reopening: As the European Union looks to reopen to international travelers 1 July, the United States finds itself on a list of nations the EU has found too risky to allow into the 27-nation bloc because of its number of COVID-19 cases, The New York Times reports.

Senior diplomats in the EU negotiated how to reopen for commerce and tourism under a common set of standards, the article states. They created a list of safe countries to admit visitors from, but it will need to be formalized by member states and the central bureaucracy before it goes into effect. China is among the list of safe countries, but that is contingent upon the Chinese government allowing EU citizens to travel there as well.

U.S. coronavirus cases ‘surge’ again over weekend: Almost 39,000 new cases of COVID-19 were reported 28 June in the U.S., and several locations in the country are reversing course after reopening, The Wall Street Journal reports. While that number is a decrease from the 45,255 reported on 26 June, it was still more than the highs in April.

“Data from Johns Hopkins showed that the proportion of tests registering positive for the virus climbed in 22 states over the past week, compared with 15 a week earlier,” the newspaper reports. “That suggests the increase in reported cases isn’t just a consequence of increased testing.”

Shiva Hotels signs £230m deal to develop luxury hotel: United Kingdom hotel owner and management firm Shiva Hotels signed a £230 million ($284 million) deal with real-estate investment firms Cale Street Investments and Crosstree Real Estate Partners to develop a 199-room luxury hotel in the Marylebone neighborhood of Central London.

“This is a major milestone for our Marylebone Lane development, and brings the delivery of what we believe will be one of London’s most iconic hotels one step closer,” said Rishi Sachdev, managing director of Shiva Hotels. “Cale Street and Crosstree are both hugely experienced and highly selective real estate financiers and bring a deep understanding of the UK hospitality sector. Securing this package, particularly in the current economic climate, is a further endorsement of our vision to create an unrivalled luxury lifestyle hotel brand and we are extremely excited to be partnering with both parties.”

Compiled by Bryan Wroten.

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