05 May
Travel

Italy to Open to Vaccinated Travelers as Soon as Mid-May, Ahead of European Union

Hard Rock Cafe

The exterior of the Hard Rock Cafe in Venice, Italy. Italian Prime Minister Mario Draghi said on May 4, 2021, that his country would launch travel passes for vaccinated travelers by mid-May. Hard Rock Cafe

Skift Take: Forza, Italia! Prime Minister Mario Draghi (nicknamed “Super Mario”) said Italy would debut passes for vaccinated travelers by mid-month. But will the nation’s airports be ready to cope with a surge in passengers and new certification-related processing?

— Sean O’Neill

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05 May
Travel

Hotel Lenders Rush Back In Even With Growing Labor Shortage Crisis

Engin_Akyurt / Pixabay

The active hotel lender market is throttling back to pre-pandemic levels. Labor is a different story. Engin_Akyurt / Pixabay

Skift Take: Hotels face massive worker shortages this summer, but investors don’t care and still want to buy up assets. Chalk this up to taking the long view and hoping hotels find a way to win back workers from other industries.

— Cameron Sperance

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05 May
Travel

Hotel Brands Want to Be in Mexico But Investors Look Elsewhere

Michelleraponi / Pixabay

Relatively strong pandemic performance in Mexico may attract brands, but investors want the discounted pricing that comes with a troubled asset. Michelleraponi / Pixabay

Skift Take: The large supply of independent hotels in Mexico is a massive opportunity for companies like Marriott and Hilton to quickly beef up their portfolios without the drawn-out process of new construction. Investors, however, will likely favor markets that performed worse during the pandemic.

— Cameron Sperance

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05 May
Travel

Wyndham Returns to Profits on Swelling Domestic Demand in U.S. and China

Wyndham Hotels & Resorts

Wyndham reported a $29 million first quarter profit thanks to strong domestic demand in the U.S. and China. Wyndham Hotels & Resorts

Skift Take: Many hotel companies shouldn’t expect to replicate Wyndham’s early financial success. Global companies like Accor and Hyatt have to grapple with business-oriented hotels in urban markets — areas which are still struggling from pandemic restrictions.

— Cameron Sperance

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