Hyatt CEO Says China Offers Proof Hotels Don’t Need a Vaccine to Recover From Coronavirus

Solomon203  / Wikimedia

Hyatt leaders Tuesday touted significant recovery in their Greater China portfolio (pictured: the Grand Hyatt Taipei) despite a major second quarter loss. Solomon203 / Wikimedia

Skift Take: Hyatt leaders promote ongoing strength in China’s hotel recovery, but the company can’t lose sight that its exposure in the country — despite the momentum — is smaller compared to the U.S., which continues to struggle.

— Cameron Sperance

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Best Western CEO Says U.S. Hotels Need 6-Month Lifeline From D.C. to Survive, Not Just to Recover

Best Western Hotels & Resorts

The next six to nine months are a crucial survival breaking point for the U.S. hotel industry, Best Western CEO David Kong said in an interview with Skift. Best Western Hotels & Resorts

Skift Take: Best Western CEO David Kong wants hotel-specific economic relief from Washington like anyone else in the industry, but he’s among the few publicly to recognize what is realistic and needs to happen to survive into 2021.

— Cameron Sperance

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U.S. Airlines Will Get $25 Billion Payroll Aid If Key Lawmakers Have Their Way

Joshua Roberts  / Reuters

A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease outbreak at Ronald Reagan National Airport in Washington, U.S., April 5, 2020. Joshua Roberts / Reuters

Skift Take: If U.S. federal lawmakers come through and extend a $25 billion payroll assistance program for U.S. airlines, tens of thousands of airline employees may avoid furloughs on October 1.

— Sean O’Neill

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Virgin Atlantic Files Chapter 15 Petition in U.S. to Assist Its Rescue in the UK

Phil Noble  / Reuters

Virgin Atlantic and TUI Airways aircraft are seen at Manchester Airport, following the outbreak of the coronavirus disease, Manchester, Britain, June 8, 2020. Phil Noble / Reuters

Skift Take: The real restructuring happened three weeks ago, as Airline Weekly’s analysts have noted. This move is just to facilitate that.

— Sean O’Neill

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U.S. Drops Global Travel Warning for Americans, Sending Airline Stocks Soaring

Richard Silagi  / Wikimedia

The U.S. Thursday lifted a global travel advisory that cautioned Americans against traveling abroad during the coronavirus pandemic. Richard Silagi / Wikimedia

Skift Take: The U.S. may have lifted a blanket global travel advisory against visiting foreign countries. But that doesn’t mean countries around the world are ready to welcome American travelers back while coronavirus continues to spread across the U.S.

— Cameron Sperance

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