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May 27, 2020

Archives for April 2020

Hawaii Hotel Occupancy Rate: What a Disaster

Hawaii Hotel Occupancy Rate: What a Disaster In March 2020, Hawaii hotels statewide reported substantial declines in revenue per available room (RevPAR), average daily rate (ADR), and the Hawaii hotel occupancy rate compared to March 2019 as tourism began to be impacted significantly by the COVID-19 pandemic. According to the Hawaii Hotel Performance Report published

Can Travel and Tourism Rise again as Smart Destinations?

Can Travel and Tourism Rise again as Smart Destinations? The global travel and tourism industry is experiencing a TOURISM MELTDOWN As a result of the COVID-19 pandemic hotels in the tourism-dependent regions like Hawai‘i hotels and attractions have closed, incoming passengers are quarantined, unemployment claims have skyrocketed, and daily passenger counts went from 30,000 plus

Boeing cuts expenses to face long-term effects of COVID-19

Boeing cuts expenses to face long-term effects of COVID-19 Boeing’s results showed dire figures, especially for its Commercial Airplanes business. Boeing President and CEO David Calhoun pointed to the COVID-19 pandemic as the root of the company’s troubles. The fall in revenues for Commercial Aircrafts, declining from US$11,822bn to US$6,205bn year-on-year and featuring US$2bn in

Montserrat: Official COVID-19 Tourism Update

Montserrat: Official COVID-19 Tourism Update The Government of Montserrat through the Ministry of Finance and Economic Management (MOFEM), is providing financial assistance for individuals and businesses in the tourism sector, as part of its fiscal stimulus package in response to COVID-19. This package, which offers direct financial support to employees in the tourism sector, will

IATA: Passenger demand plunges as travel restrictions take hold

IATA: Passenger demand plunges as travel restrictions take hold The International Air Transport Association (IATA) announced global passenger traffic results for March 2020 showing that demand (measured in total revenue passenger kilometers or RPKs) dived 52.9% compared to the year-ago period. This was the largest decline in recent history, reflecting the impact of government actions

Trinidad and Tobago Hotels Benefit from Government Assistance

Trinidad and Tobago Hotels Benefit from Government Assistance The Trinidad and Tobago government is providing $50 million to hoteliers in Tobago to assist in the upgrade and refurbishment of their respective properties in preparation for the re-opening of their hotels post the COVID-19 coronavirus pandemic. The announcement was made as part of a comprehensive Statement on

Cayman Islands: Official COVID-19 Tourism Update

Cayman Islands: Official COVID-19 Tourism Update Starting the week on an optimistic note, Cayman Islands leaders welcomed the “no positive” results announced today and noted that if similar results continue during the rest of this week, limited easing of the Shelter in Place provisions are possible in the near future. This is the Cayman Islands

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