5 things to know for December 30
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More … than 1,280 JetBlue Airways flights were cut until mid-January amid growing fears of COVID-19 infections affecting pilots and flight attendants, CNBC reports.
The airline updated its policies after the Centers for Disease Control and Prevention said staff can return to work if they are no longer showing symptoms after five days.
JetBlue department heads said in the staff memo that they hoped the new guidelines would help bring back staff more quickly, but added: “We know that omicron cases have not yet peaked. in the northeast [and won’t peak for at least another week or two] where the vast majority of our crew members are based, ”writes the outlet.
Earlier this week, owners and operators of the Walt Disney World Swan and Dolphin hotels were sued for breach of contract by a group seeking to cancel a 2022 conference, citing a force majeure clause amid rising COVID-19 cases, Law.com reports.
Florida Political Reports 400 people from the United States and Canada were scheduled to stay January 27 through February 5 at the Walt Disney Swan Hotel for meetings of the International Union of Operations Engineers. This contract was signed with the hotel in December 2018 before the pandemic.
“The defendants disagree that the force majeure provision applies and claim that the IUOE is liable for a cancellation fee equal to 100% of the anticipated income,” according to the lawsuit.
Demand for leisure travel has returned to pre-pandemic levels in the United States in 2021, but analysts and hospitality industry executives say the complete takeover of the hotel industry depends on growing demand from business and group travelers, reports Robert McCune of HNN.
Greater vaccine availability coupled with pent-up demand in the United States led to a boom in demand for recreation in the summer of 2021, but activity and the group remained weak.
“Performance indices softened somewhat, as demand segments of companies and slow-returning groups improved slightly during the third quarter conference season, but not enough to offset the seasonal slowdown in the market. demand for recreation, “said Kelsey Fenerty, senior analyst. at the hotel analysis firm CoStar STR.
U.S. stocks edged up to new highs on Thursday, reports show Market surveillance, because investors are hoping that the omicron variant “will not cause lasting damage to the economy.”
Dow Jones Industrial Average futures rose 50 points to 36,431, while S&P 500 Index futures rose 8.75 points to trade at 4,793.25 and contracts Nasdaq-100 futures gained 0.3%.
the Hoya Capital Hotel FPI Index, which tracks 18 of the largest hotel real estate investment trusts, shows that 2021 has been a less memorable year for the real estate industry than expected, but 2022 is shaping up to be better,
“Coincidentally, after making dramatic gains during vaccine development stages, hotel REITs have been the worst performing real estate sector since vaccines became widely available at the end of April, but hotel fundamentals have held up fairly well, with most REITs reporting continued strengthening. throughout 2021 and [entering] the new year on solid foundations, ”says the article.
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