Harvard Global Health Institute Suggests Stay-at-Home Orders in American States

Harvard Global Health Institute | July 29, 2020

Harvard Global Health Institute Suggests Stay-at-Home Orders in American States
According to Harvard Global Health Institute’s (HGHI) COVID Risk Levels Dashboard map, Americans in 34 states (fully two-thirds of the U.S.) should presently be put under stay-at-home orders if the country hopes to contain the pandemic’s present widespread resurgence.
The advanced online tool, which allows users to view current infection rates occurring at both the state and county level, provides poignant optics on the recent surge of COVID-19 contagion sweeping the nation since communities and economies began reopening this summer.

Spotlight

This White Paper reviews the results of an independent research study examining Corporate Travel Management in Western Europe, and was conducted by Hermes Management Consulting (Hermes) in 2012. The research was commissioned by Amadeus in order to better understand how Corporations manage their travel activities and to identify saving opportunities for travel managers. Eleven Corporations in Western Europe participated in the project and numerous executives and travellers from these companies were interviewed.

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BUSINESS TRAVEL

Uplift Adds New Credit Line of $68 Million for Travel Payments Service

Uplift | January 13, 2021

Uplift has finished another credit line of $68 million for its travel payments service. Financing for the purchase currently pay-later brand was given by Atalaya Capital Management. Travel is as of now returning, as per California-based Uplift, with the organization anticipating fast development amid pent-up demand for booking travel for the summer and autumn. Uplift has now brought about $695 million up in value and obligation including a $250 million credit line in December 2019, which came ahead top of $123 million in subsidizing in January of the very year. Uplift affirmed the new financing on LinkedIn and in a Crunchbase meet, with Brian Barth, CEO of Uplift saying the organization intends to move past travel in 2020. Uplift hopes to surpass $1 billion in exchanges throughout the next 18 months. Different organizations offering a comparative assistance including Fly Now Pay Later are likewise foreseeing the pent-up demand. The London-based organization landed $47 million in Series A financing in May and is getting ready for a $135 million subsidizing bundle in the second half of 2021 as indicated by Jasper Dykes, its chief executive. He adds that the Uplift credit line shows the proceeded with obligation to the area and says Fly Now Pay Later, which as of late launched its buyer beta in the U.S., has seen "ferocious appetite for the product."

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VisitEngland Announces Virtual English Tourism Week from 25-31 May, Explains Agenda

VisitEngland | May 22, 2020

VisitEngland has today announced that this year’s English Tourism Week to highlight the economic importance and value of tourism to local economies across England is going virtual. VisitEngland has this year asked MPs to record video messages for use on their social media channels during English Tourism Week. VisitEngland has been working across the industry and with the UK Government to ensure that tourism is able to recover as quickly as possible once restrictions are lifted. VisitEngland has today announced that this year’s English Tourism Week to highlight the economic importance and value of tourism to local economies across England is going virtual. English Tourism Week is an annual celebration of the tourism industry, a week dedicated to showcasing England’s tourism offer. For this year’s event, being held from May 25-31, VisitEngland and local destinations are asking MPs, local authorities, the UK Government and other stakeholders to shine the spotlight on the importance of tourism to the local, regional and national economy and pledge their support to the sector’s recovery. "English Tourism Week recognises the important role the industry plays in our local, regional and national economies, supporting jobs and attracting investment. This is a challenging time for the industry and we're providing support through an unprecedented government package for businesses and workers. I hope everyone will use English Tourism Week as an opportunity to celebrate the sector, and we'll be encouraging people to book a great British holiday as soon as it is safe to do." English Tourism Week is all about highlighting the economic benefits that tourism brings to local economies, celebrating our diverse and exciting sector, and showcasing the quality, range and value of English tourism. ~ VisitEngland Director Andrew Stokes "While we cannot run events as usual this year, the spirit of the week has never been more important. Tourism has been one of the first and hardest hit economic sectors due to the Covid-19 pandemic and this year’s virtual week is dedicated to showing support for the industry, the millions of people who work in it and the hundreds of thousands of businesses impacted. "It is also about looking towards the future recovery and doing everything we can right now to ensure that tourism can bounce back to once again become one of the most successful and vibrant sectors of the economy." VisitEngland has this year asked MPs to record video messages for use on their social media channels during English Tourism Week, pledging their support for tourism and highlighting the sector’s economic importance to their local economies. On Thursday, May, 28, as part of English Tourism Week, VisitEngland is also asking MPs to share photos and social media posts from previous English Tourism Weeks or from their favorite English holiday destinations using the hashtags #ThrowbackThursday and #EnglishTourismWeek20. VisitEngland has been working across the industry and with the UK Government to ensure that tourism is able to recover as quickly as possible once restrictions are lifted. In response to calls from across the industry, it is working to develop common industry standards that will provide a ‘ring of confidence’ for tourism businesses, attractions and destinations in England as well as reassurance to visitors that businesses have clear processes in place when restrictions are lifted. Tourism is one of England’s largest and most valuable industries, supporting hundreds of thousands of businesses, employing more than 2.6 million people and generating more than £106 billion a year for the English economy. Learn More: ONLINE TRAVEL TRENDS TO WATCH OUT FOR IN 2020

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HOSPITALITY TRENDS

Certares Acquires The Embassy Suites Atlanta Midtown In Partnership With Highlands Investments And Monomoy Property Ventures

Certares | October 26, 2021

Certares Management LLC a leading investment specialist dedicated to the travel, tourism and hospitality sectors (together with its affiliates, "Certares"), in partnership with Highlands Investments LLC ("Highlands") and Monomoy Property Ventures LLC ("MPV"), today announced the acquisition of the 181 key, new-build Embassy Suites Atlanta Midtown located at 290 17th Street NW in Midtown Atlanta, Georgia. The deal also included the acquisition of an adjacent land parcel and an income-producing parking component.Located in the Atlantic Station area of Midtown, the all-suites property features a lobby bar, restaurant, large fitness area and pool, along with 2,600 square feet of meeting space. The rooms average approximately 500 square feet, and each has a private kitchenette and separate living room area. The hotel sits adjacent to Microsoft's new eastern U.S. headquarters and near Georgia Tech's main Atlanta campus. HEI Hotels & Resorts ("HEI"), a leading hospitality management company that owns and/or operates 84 hotels and resorts throughout the United States, has been selected to operate the property. "We are thrilled to acquire this brand-new asset in the heart of Atlantic Station. Midtown Atlanta is the city's preeminent submarket for technology and healthcare talent recruitment and is seeing an array of corporate relocations and expansions. We look forward to working closely with Highlands, MPV and HEI to ensure the property delivers a great experience to its guests." -Nolan Hecht, Senior Managing Director & Head of Real Estate at Certares Jordan Kary, Founder and Principal of Highlands, added, "We are big believers in both Atlanta and, more specifically, the Midtown Atlanta submarket, and we are excited to acquire this high-quality hotel together with Certares, MPV and HEI. The property's location together with its all-suites rooms and amenity offerings makes the asset well-positioned for outsized growth. We look forward to continuing to identify opportunities to acquire great pieces of real estate at attractive values and working to ensure best-in-class operations and oversight." "High-quality real estate structured off-market from a motivated seller, in an excellent location within a growth MSA, the Embassy Suites Atlanta Midtown is illustrative of the types of investments MPV is successfully targeting as we establish our business,We look forward to building on a close relationship with Certares, Highlands, HEI and Hilton as we execute on our business plan at this asset, and to participating in the substantial ongoing growth in the midtown Atlanta business community." -Kevin Vaughan, Founder of MPV. About Certares Management LLC Established in 2012, Certares focuses on direct investments in proprietary transactions, leveraging deep sector experience in the travel and hospitality industries, and with a consistent emphasis on partnership with management teams to drive growth. Certares brings together a team with decades of both operational and investment experience in private equity, travel, tourism, hospitality and travel-related business and consumer services. For more information, please visit www.certares.com. About Highlands Investments LLC Founded in 2020, Highlands Investments LLC is a New York-based real estate investment and asset management company that employs a value approach to investing and targets select product types and geographic regions across the United States and Canada. Prompted by the shifting dynamics in the global real estate industry, the company's primary objectives include sourcing and negotiating target driven acquisition opportunities and managing investments throughout their lifecycle. Highlands focuses on identifying opportunistic acquisitions at attractive values with the potential to enhance returns at the asset level through operational improvements and through long-term economic recovery. To learn more, visit https://www.highlandsinv.com/. About Monomoy Property Ventures LLC Monomoy Property Ventures (MPV) is a New York-based real estate investment, development and management firm with an extensive track record sourcing, acquiring and redeveloping lodging assets. MPV purchases land parcels and existing buildings in enduring, high-barrier locations in select resort and urban markets in the United States. Through physical and operational repositioning or ground-up construction, MPV seeks to improve buildings, destinations, neighborhoods and the built environment while providing attractive financial returns to our company and investment partners. Through current and prior ventures, Principals of MPV have executed on over $1.4 billion of lodging investments across 23 hotels. For further information, please visit www.MonomoyPropertyVentures.com. About HEI Hotels & Resorts HEI Hotels & Resorts, headquartered in Norwalk, Conn., is a leading hospitality investment and management company that owns and/or operates over 80 luxury, upper-upscale and upscale independent and branded hotels and resorts throughout the United States. HEI's branding partners include Marriott, Hilton, Hyatt, IHG and Accor. Taking a holistic approach to creating value for its investors and employees, HEI sets the highest standards across all aspects of hotel management and operation and focuses on central principles of excellence and continuous improvement. HEI prides itself on some of the highest employee satisfaction scores in the hospitality industry, fuels local economic prosperity by investing in communities and is committed to environmental stewardship and sustainability. To learn more about HEI, please visit www.heihotels.com

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Spotlight

This White Paper reviews the results of an independent research study examining Corporate Travel Management in Western Europe, and was conducted by Hermes Management Consulting (Hermes) in 2012. The research was commissioned by Amadeus in order to better understand how Corporations manage their travel activities and to identify saving opportunities for travel managers. Eleven Corporations in Western Europe participated in the project and numerous executives and travellers from these companies were interviewed.