Travel

Social Distancing Is Having a Bigger Impact on US Hospitality Industry Than 9/11, Says Quantzig

Wednesday, April 1, 2020 - 2:36pm

View the full release here: https://www.businesswire.com/news/home/20200401005417/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200401005417/en/
    How the US Hospitality Industry Can Get Back on Track (Graphic: Business Wire)
    Whats in it for you?
  • With COVID-19 spreading rapidly across the US, the US hospitality industry is undoubtedly the worst hit.
  • Social distancing is the only way to tackle this situation, but it comes at a massive economic cost.
  • The US hospitality industry is one that is fraught with risks and challenges even in the best of times.

Online Vacation Center Holdings Corp. Announces FY 2019 Results

Wednesday, April 1, 2020 - 2:00pm

Online Vacation Center Holdings Corp. (OTCQX: ONVC), today announced its FY 2019 results.

Key Points: 
  • Online Vacation Center Holdings Corp. (OTCQX: ONVC), today announced its FY 2019 results.
  • Audited FY 2019 results included Net Revenues of $20,914,793 ($2.42 per share), Operating Income of $3,533,083 ($0.41 per share), and Net Income of $2,930,977 ($0.34 per share).
  • About Online Vacation Center Holdings Corp.
    Online Vacation Center Holdings Corp. is a Florida holding company, focused on building a network of diversified vacation marketers with a wide range of products that can be cross-sold to an extensive customer base.
  • Online Vacation Center Holdings Corp. is one of the country's largest cruise retailers.

Despegar.com Provides Business Update

Wednesday, April 1, 2020 - 11:50am

The Companys leading-edge technology has allowed it to effectively carry out all business operations remotely.

Key Points: 
  • The Companys leading-edge technology has allowed it to effectively carry out all business operations remotely.
  • Cost of Revenue -excluding Fulfillment Centers are also variable costs and thus tied to the level of business activity.
  • We base these forward-looking statements on our current beliefs, expectations and projections about future events and financial trends affecting our business and our market.
  • Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or to revise any forward looking statements.

ATSG Wins U.S. Postal Service Contract For New Sort Center

Tuesday, March 31, 2020 - 9:30pm

Postal Service to design, install and operate a Surface Transfer Center (STC) in Aurora, IL.

Key Points: 
  • Postal Service to design, install and operate a Surface Transfer Center (STC) in Aurora, IL.
  • The STC facility provides an automated capability for sorting and consolidating US postal products before further distribution.
  • The company has extensive experience operating STC facilities for the Postal Service, having managed multiple centers between 2004 and 2018.
  • Postal Service location, said Jim Pradetto, President of LGSTX Services.

Commercial Drivers Need Government Action on COVID-19 Protection: Steelworkers

Tuesday, March 31, 2020 - 8:59pm

Provinces and municipalities should be mandating businesses to accommodate these drivers.

Key Points: 
  • Provinces and municipalities should be mandating businesses to accommodate these drivers.
  • At this time, these drivers are essential workers, so they should be treated accordingly, said Steven Hadden, President of USW Local 1976, which represents nearly 2,000 couriers and other commercial drivers across the country.
  • Commercial drivers across the country have become increasingly concerned and put at risk as rest stops and businesses have closed, while many businesses that remain open have been denying bathroom access to drivers.
  • Rest stops, gas stations and other businesses particularly those that rely on deliveries from commercial drivers must be required to allow drivers to use their washrooms, he added.

Keio Plaza Hotel Tokyo Offers Strawberry Dessert Buffet Implementing Precautionary Measures Regarding the Coronavirus

Tuesday, March 31, 2020 - 3:05pm

Keio Plaza Hotel Tokyo (KPH) Tokyo, one of Japans most prestigious international hotels located in Shinjuku, Tokyo, has been hosting a special dessert buffet entitled Strawberry Dessert Buffet for three months at our All Day Dining Restaurant Jurin on the second floor of our Hotel.

Key Points: 
  • Keio Plaza Hotel Tokyo (KPH) Tokyo, one of Japans most prestigious international hotels located in Shinjuku, Tokyo, has been hosting a special dessert buffet entitled Strawberry Dessert Buffet for three months at our All Day Dining Restaurant Jurin on the second floor of our Hotel.
  • View the full release here: https://www.businesswire.com/news/home/20200331005392/en/
    Strawberry dessert buffet created in the theme of "Strawberries and Milk" will start from May 1 to May 31, 2020.
  • As 30 different desserts offered in the buffet, our patissiers serve each dessert on the plate to take commemorative photograph, which is also one of our precautionary measures regarding the coronavirus.
  • Keio Plaza Hotel Tokyo (KPH) , located in Shinjuku at the very heart of the nations capital Tokyo, is one of Japans leading international hotels.

Hilton Grand Vacations Provides Additional COVID-19 Business Update

Tuesday, March 31, 2020 - 1:00pm

Hilton Grand Vacations Inc. (NYSE:HGV) (HGV or the Company) today provides an update on its business in response to the rapidly evolving situation surrounding the COVID-19 pandemic.

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE:HGV) (HGV or the Company) today provides an update on its business in response to the rapidly evolving situation surrounding the COVID-19 pandemic.
  • The safety of our team members, owners and guests remains our paramount concern in this time of global crisis, said Mark Wang, president and CEO of Hilton Grand Vacations.
  • About Hilton Grand Vacations Inc.
    Hilton Grand Vacations Inc. (NYSE:HGV) is recognized as a leading global timeshare company.
  • The Company also manages and operates two innovative club membership programs: Hilton Grand Vacations Club and The Hilton Club, providing exclusive exchange, leisure travel and reservation services for more than 325,000 club members.

Civeo Receives Continued Listing Standard Notice from NYSE

Tuesday, March 31, 2020 - 12:30pm

Our shares have traded below $1.00 per share for a period of time long enough for the NYSE to issue a non-compliance notice.

Key Points: 
  • Our shares have traded below $1.00 per share for a period of time long enough for the NYSE to issue a non-compliance notice.
  • In response, the Companys Board of Directors is reviewing available alternatives to return to compliance with the NYSE continued listing standards.
  • As required by the NYSE, the Company has notified the NYSE of its intent to cure the deficiency and restore its compliance with the NYSE continued listing standards.
  • If Civeo is unable to regain compliance, the NYSE will initiate procedures to suspend and delist Civeos common shares.

BBX Capital Corporation Provides Business Update

Tuesday, March 31, 2020 - 11:00am

BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (BBX Capital or the Company) is providing information on the impact of the COVID-19 pandemic on certain of its businesses and certain actions that have been taken in response to the pandemic.

Key Points: 
  • BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (BBX Capital or the Company) is providing information on the impact of the COVID-19 pandemic on certain of its businesses and certain actions that have been taken in response to the pandemic.
  • While BBX Capital and its subsidiaries have each been impacted by the COVID-19 pandemic, Bluegreen Vacations Corporation (NYSE: BXG) (Bluegreen) and ITSUGAR have to date been most significantly impacted by the pandemic.
  • About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) is a Florida-based diversified holding company whose principal investments include Bluegreen Vacations Corporation (NYSE: BXG), BBX Capital Real Estate, BBX Sweet Holdings, and Renin.
  • Bluegreen is more than 90% owned by BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), a diversified holding company.