[ad_1] The U.S. hotel industry reported record lows in occupancy and revenue per available room for the full year 2020, according to STR. Average daily rate was the lowest since 2011. The year-over-year declines also were the worst on record for all three key performance metrics. Occupancy in 2020 fell 33.3 percent year over year…

[ad_1] Singapore’s Chiangi Airport this week began full-scale Covid-19 vaccination of airport workers, with plans to have 7,000 employees vaccinated by the end of the week. Workers are receiving vaccinations at a facility in the airport’s Terminal 4, with priority going to the 20,000 frontline workers who come in contact with travelers, baggage and cargo.…

[ad_1] TripActions has landed yet another major round of investment financing, securing $155 million in Series E funding to bring the travel management and expense provider’s overall valuation to $5 billion, the company announced Thursday. But beyond serving as milestone for his own company, TripActions CEO Ariel Cohen sees the latest infusion of investment dollars…

[ad_1] American Express Global Business Travel has acquired New York-based Ovation Travel Group, the parent company of Ovation Travel, Lawyers Travel and Chartwell Travel, the travel management company announced Thursday. The purchase by GBT is a major move in what could well be an active mergers and acquisitions environment in 2021 for travel management companies. …

[ad_1] Meetings management company Groupize has expanded its team with six executive hires. Groupize has named former Orbitz analyst and IBM team lead Adam Siskin as CFO, former Convene executive Courtney Bruen as sales director and former MacNair Travel Management and Direct Travel executive Mike MacNair as growth advisor. The company also named former CWT Meetings…

[ad_1] Singapore Airlines and its regional carrier SilkAir are piloting an online portal to manage pre-flight Covid-19 testing, the carrier announced. Via partner Collinson, which already is doing testing programs at several airports including London Heathrow, the carriers are offering pre-departure testing for passengers departing Singapore, Jakarta and Medan, Indonesia. An online portal shows travelers a list…

[ad_1] United Airlines executives are confident that demand recovery will be quick, but they are less confident when that recovery will start. While Delta Air Lines last week projected that its breakeven point would come in the spring, United executives in an earnings call on Thursday did not put a timeline on when its cash burn rate—which…

[ad_1] Despite a challenging 2020, Accor plans to open several new hotels in 2021 across all segments, with a particular focus on its lifestyle brands, the company announced.  The lifestyle category accounts for about 5 percent of Accor’s annual revenue, but it represents 25 percent of the development pipeline by value, according to the company,…