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Las Vegas Sands Reports First Quarter 2021 Results For the quarter ended March 31, 2021 (Compared to the quarter ended March 31, 2020) - Generating Positive Adjusted Property EBITDA in Macao and Singapore - Pandemic-Related Travel Restrictions and Reduced Visitation Continue to Impact Financial Results - Safety and Security of Team Members and Guests and Support for Local Communities in Macao, Singapore and Las Vegas Remain Central to our Efforts - Investment and Capital Expenditure Programs that Expand and Enhance our Integrated Resort Offerings in Macao and Singapore Provide Ideal Platform for Growth - Balance Sheet Strength Enables the Company to Pursue Promising Development Opportunities in New Markets ....
Five Essentials For Present Day Hotel Operations | By Antoine Berberi – Hospitality Net hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.
Vail Resorts Reports Fiscal 2021 Second Quarter Results and Provides Outlook for Fiscal 2021 Third Quarter News provided by Share this article Share this article BROOMFIELD, Colo., March 11, 2021 /PRNewswire/ Vail Resorts, Inc. (NYSE: MTN) today reported results for the second quarter of fiscal 2021 ended January 31, 2021 and provided the Company s ski season-to-date metrics through March 7, 2021, both of which were negatively impacted by COVID-19 and related limitations and restrictions. Highlights Net income attributable to Vail Resorts, Inc. was $147.8 million for the second fiscal quarter of 2021, a decrease of 28.4% compared to the second fiscal quarter of 2020, primarily as a result of the negative impacts of COVID-19. ....
American Hotel Income Properties REIT LP Reports Fourth Quarter and Full Year 2020 Results News provided by Share this article Q4 2020 occupancy of 51.4%, RevPAR of $47.25, and revenues of $39.4 million Q4 2020 diluted FFO per unit of ($0.07) Occupancy levels improved significantly in February, to 59.9%; Upward trend in Occupancy has continued into March $50 million strategic Preferred Equity investment, closed January 28, 2021, reduced leverage and enhanced liquidity Amended credit facility provides waiver of covenants through December 31, 2021 (All numbers are in U.S. dollars unless otherwise indicated) VANCOUVER, BC, March 10, 2021 /PRNewswire/ - American Hotel Income Properties REIT LP ( AHIP , or the Company ) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) announced today its financial results for the three months and year ended December 31, 2020. ....
Covid-19 to bring long-lasting changes in the hospitality market DUBAI, February 7, 2021 The Covid-19 pandemic has presented the hospitality market with an unprecedented set of challenges. The sector was not only the first to be affected but to date has undoubtedly been the hardest hit, according to the UAE Market Review and Forecast 2021 report by global property advisor Knight Frank.
In addition to this, it is also most likely to see long-lasting changes which have been bought about purely by the pandemic.
First, we have seen activity in the global travel market decline dramatically. In 2020, the total number of flights globally fell from its 2019 average of almost 115,000 per day to lows of around 28,000 in the early stages of the pandemic. As lockdown restrictions around the world eased and traveller confidence returned, activity has partially recovered to an average of almost 70,000 flights per day in 2020, representing a decline of 39.1 per ....