Accor has announced today signing a new €560m Revolving Credit Facility (RCF) with five banks. This new injection of liquidity complements an undrawn €1.2bn RCF signed in July 2018. This new financing reinforces Accor’s liquidity position which today exceeds €4 Billion, enabling it to weather more than 40 months in current market conditions. The liquidity bank is made … [Read more...]
Covid-19 enables greater sustainability
In October 2019, Mandarin Oriental Hotel Group pledged to eliminate all single-use plastic, across its portfolio of luxury hotels, by the end of March 2021. While the original timing for completion is likely to be impacted by the global effects of Covid-19, the Group has highlighted both the achievements made to date and some of the challenges encountered. Covid-19 … [Read more...]
Free accommodation for firefighters
The Covid-19 crisis across the UK has seen many frontline key workers struggle to find suitable, safe accommodation. Many search for accommodation close to their workplaces where they can spend time away from vulnerable family members after long shifts. On hearing this, James Foice, CEO of the Association of Serviced Apartment Providers, rallied his Membership to … [Read more...]
Deutsche Hospitality announces reopening
Hotels all over the world are closed, or operating at a fraction of normal capacity supporting local key workers. So, as hotels emerge and return to their adjusted post Covid-19 markets, in countries that are relaxing or removing lockdown measures, those still waiting to, will be watching. Watching how those altering to their new world of hospitality execute their … [Read more...]
Universities research hospitality robots
Research investigating how robots could help boost the hospitality industry is ongoing. Researchers think the possibility of more robotic help post the Covid-19 crisis is likely in hospitality, tourism, and business travel. The study by academics at The University of Surrey and MODUL University Vienna focuses on how HR experts perceive service robots in the hotel … [Read more...]