South Africa’s Sun International to cut 3,300 jobs
Johannesburg-based hotel company Sun International plans to cut 3,300 jobs in South Africa and Chile as part of a restructuring plan to survive the pandemic, which took the firm into a half-year loss of 885 million rand (US$53.26 million). Properties of the casino and hotel company were forced to close for over three months in South Africa, while in rest of Africa and Latin America, its operations still remain closed.
U.S. industry poised for multiyear recovery: Report
After facing the lowest occupancy levels since the 1930s and the greatest declines in revenues and profits ever experienced in 2Q 2020, the U.S. hotel industry is poised to begin a multiyear recovery in the third quarter, according to data from CBRE. According to its most recent report, U.S. hotel occupancy should average 39.8%, along with an ADR of US$104.10. Recovery patterns will vary by chain-scale. Occupied room nights for hotels in the upper-midscale segment are projected to return to 2019 levels in 2022, while luxury and upper-upscale demand will lag until 2024.
Croatians to sue Austria for infections at ski resort
A lawyer representing people who became infected with COVID-19 at the popular Ischgl ski resort in Austria said that thousands of people, among them nine Croats, are ready to file a lawsuit against Austria. The lawyer said that people from 45 countries have said that they are ready to sue Austria because they believe that its authorities failed to take the necessary precautions and allowed the facilities to remain open after it was clear that there was an outbreak.