05 Sep
Travel

Gunmaker Smith & Wesson’s Parent Sees Opportunity With New RV Vacation Boom

Baker County Tourism

Anthony Lake in Baker County, Oregon. It’s in the Elkhorn Mountains of Northeast Oregon along the Elkhorn Scenic Byway just outside of Baker City. Baker County Tourism

Skift Take: Thanks to pandemic-driven demand for all thing in outdoor recreation, everyone’s hearing the call of the wild. Even gunmakers.

— Sean O’Neill

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05 Aug
Travel

Starwood CEO Touts Resiliency of Extended Stay Hotels During Pandemic

InTown Suites / Wikimedia

Starwood Property Trust continues to see notably above-average performance in its extended stay hotel sector investments, like InTown Suites (pictured). InTown Suites / Wikimedia

Skift Take: Extended stay hotels may be strong performers for Starwood Property Trust and Barry Sternlicht, but it may be years before the investment firm looks to deploy capital further into other hospitality sectors.

— Cameron Sperance

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05 Aug
Travel

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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05 Aug
Travel

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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05 Aug
Travel

Tourism and Aviation Among the Sectors Giving Insurers the Most Concern in the Pandemic

Pavlo Vakhrushev / Adobe

Empty plane interior with few people and stewardess during coronavirus pandemia. Underwriters said aviation is one of the most concerning areas in current portfolios. Pavlo Vakhrushev / Adobe

Skift Take: Aviation and tourism are two of the leading areas of concerns for insurers, according to a recent survey. It’s the latest bit of troubling news for the travel industry.

— Korey Matthews

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