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Hilton lays off 2.1K employees, extends furloughs
As hotels continue to struggle during the COVID-19 pandemic, McLean-based Hilton Worldwide Holdings Inc. announced Tuesday it is laying off 2,100 corporate employees — more than 20% of its corporate workforce. The company is also extending furloughs, reduced hours and corporate pay reductions, which were first announced in March, for up to an extra 90 […]
Hotels saw 68% revenue drop in early June compared to 2019
Although the state has loosened some restrictions since entering Phase Two last Friday, Virginia hotels continued to see revenues drop in the first week in June by 68% compared to the same time a year ago, according to findings released Wednesday by Old Dominion University’s Dragas Center for Economic Analysis and Policy. Rooms sold were […]
Hotels saw 66% revenue drop in late May compared to 2019
Suffering the economic impacts of the coronavirus pandemic, Virginia hotels saw revenues drop 66% for the last week in May compared to the same time a year ago, according to findings released Wednesday by Old Dominion University’s Dragas Center for Economic Analysis and Policy. Rooms sold were also down by 50% and the average daily […]
Sorry, we’re CLOSED
“April is the cruelest month,” T.S. Eliot wrote, but for the hospitality and tourism industries, the cruelty began in March. With conferences and conventions canceling reservations amid the pandemic, hotels and convention centers across the commonwealth have temporarily shut down operations, furloughing and laying off workers. By late March, Virginia lost more than 23,000 hotel […]
Colonial Williamsburg extends closures through May, plans additional furloughs
Colonial Williamsburg Foundation is extending its closures through May 31 and is furloughing additional staff. The nonprofit, which owns and operates the Historic Area, museums, hotels, restaurants and other attractions, had originally announced closures would last through April 30. The Williamsburg Lodge, which has remained open to assist the city and public health officials with […]
Omni Homestead closed temporarily during 2020 pandemic
The Omni Homestead Resort in Hot Springs announced Friday that it is closing from March 29 until June 1, due to the economic fallout from the COVID-19 pandemic. “The global health crisis has hit the hospitality industry swiftly and significantly. Like many hotels, we’ve felt the impact and made the difficult decision to temporarily suspend […]
More than 23,000 hotel jobs lost so far in Va.
As of Monday, the lodging and hotels industry has lost more than 23,000 jobs in Virginia as a result of the coronavirus crisis, according to Eric Terry, president of the Virginia Restaurant, Lodging & Travel Association. The American Hotel and Lodging Association (AHLA) on Monday released the results of a study estimating that Virginia’s lodging […]
Top-ranked Virginia hotel has 23 rooms and five stars
After analyzing more than 30,000 hotels in the U.S., Europe, Canada, Mexico, Bermuda and the Caribbean, the U.S. News & World Report released its Best Hotels in the USA 2020 rankings on Tuesday, and three five-star Virginia hotels topped the list of the best hotels in the commonwealth. The Inn at Little Washington, a five-star […]
Shamin Hotels buys Richmond Times-Dispatch building for $14.4M
Chester-based Shamin Hotels has bought the Richmond Times-Dispatch building in downtown Richmond for $14.462 million from a Berkshire Hathaway Inc. subsidiary, Shamin President and CEO Neil Amin confirmed on Thursday. Shamin Hotels will be moving its headquarters into the four-story, 172,110-square-foot building at 300 East Grace Street later this year, sharing space with the Richmond […]
