5 things to know: 12 December 2018
 
5 things to know: 12 December 2018
12 DECEMBER 2018 10:24 AM

From the desks of the Hotel News Now editorial staff:

  • Theresa May faces no confidence vote; Brexit in doubt
  • France calls attack on Christmas market act of terrorism
  • Radisson faces tremendous shift with Jin Jiang bid
  • US consumer prices remain flat through November
  • US airline trade group projects record-breaking holiday travel

Theresa May faces no confidence vote; Brexit in doubt: British Prime Minister Theresa May will face a vote of no confidence for her handling of negotiations over Brexit, the BBC reports. Forty-eight of her Conservative ministers of Parliament are calling for the vote.

May warned her party that forcing her to step down and installing a new prime minister would be faced with deciding between “delaying or even stopping Brexit,” according to the article. At the moment, 174 Tory MPs have voiced their support for her, but 34 have spoken against her. She would need to secure the votes of another 158 MPs to remain prime minister.


France calls attack on Christmas market act of terrorism: French authorities are calling the attack on a Christmas market in Strasbourg an act of terrorism, The Washington Post reports. The gunman, who has a long criminal record, is still on the run.

The attack killed two and left another in a vegetative state, according to the article. Thirteen others were injured in the attack.

The attack calls to mind another attack on a Christmas market in Berlin in 2016, the article states, when an attacker drove a truck through the crowd, killing 12 people.


Radisson faces tremendous shift with Jin Jiang bid: The Jin Jiang-led consortium bid to acquire the remaining shares of Radisson Hospitality would represent a major change in the hotel company’s ownership profile, shifting from a private aviation company to a state-owned enterprise, reports HNN’s Terence Baker.

With its full ownership of Radisson, Jin Jiang—which already owns the Minneapolis-based Radisson Hospitality that was formerly Carlson Hotels, would be able to increase its competitiveness in Europe, said Jileen Loo, senior director at business advisory CBRE Hotels.


U.S. consumer prices remain flat through November: The drop in oil prices appears to be holding back inflation as U.S. consumer prices stayed flat in November, The Wall Street Journal reports. The U.S. Department of Labor’s Bureau of Labor Statistics reported the Consumer Price Index rose for a seasonally adjusted 0.3% in October.

Over a rolling 12-month period through November, overall prices and core prices—which exclude volatile food and energy prices—rose by 2.2%, according to meeting economists’ projections. The labor department also reported that after adjusting for inflation, average hourly earnings grew month to month by 0.3% in November and by 0.8% year over year.


U.S. airline trade group projects record-breaking holiday travel: Trade group Airlines for America projects that nearly 46 million people will fly on U.S. airlines this holiday season between 20 December and 6 January, Forbes reports. Almost 1 billion people will fly between now and the end of 2018.

The 45.7 million travelers this holiday season represents a 5.2% year-over-year increase, according to the article, and it averages to more than 2.5 million people each day during the 20-day period. The day projected to have the heaviest travel is 21 December, the Friday before Christmas, followed by 20 December and 26 December.


Compiled by Bryan Wroten. 

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