From the desks of the Hotel News Now editorial staff:
- EU PSD2 payment services rules near implementation date
- Las Vegas swarmed by grasshoppers
- UK government leans to No Deal as CBI intervenes
- Peel Hotels’ stock delisted as results miss deadline
- Star vows to build rejected AU$530m hotel tower
EU PSD2 payment services rules near implementation date: With New European Union regulations concerning credit-card and payment-services transactions (PSD2) coming into effect on 14 September, some sources said that many businesses are not ready to meet the changes, writes Hotel News Now’s Terence Baker.
PSD2 regulations cover online customer authentication, and full compliance is required or companies either in the EU or those who do business with companies or customers in the EU, which is also true of the General Data Protection Regulations that was introduced 18 months ago. The main takeaway for hoteliers, sources said, is that they need to have their booking and payments technology seamlessly up to scratch and working across all markets to avoid the risk of guests dropping out of booking processes and buying rooms elsewhere.
“The big step this year is that authentication is mandated on all payments by default unless there is an exemption possible. For payments over the counter, not much will change, but we will see the end of swipe and sign,” said Daniel Badenas Orts, operations manager at business consultancy Mirai.
“There will be an increase in the need for pin entries when (a customer performs) contactless payments, and online it will be for every transaction.”
Las Vegas swarmed by grasshoppers: It’s not quite a biblical-scale plague of locusts, but a huge eruption of grasshoppers have covered parts of the United States this past weekend. The swarm can be seen from space and is centred on Las Vegas, according to The New York Times, which added that entomologists say the annoyance could last for a week.
Masses of a species called the Pallid-winged grasshopper (Trimerotropis pallidipennis) have been helped by an unseasonably wet spring and are now on the march. The newspaper added that at night the insects are particularly attracted to the Luxor Hotel & Casino’s huge glass pyramid and the column of strong light that is projected from it after the sun goes down. The good news is that the grasshoppers do not bite or sting.
U.K. government leans to no deal as CBI intervenes: With new Prime Minister Boris Johnson in the big seat for less than a week, signs that the United Kingdom will leave the European Union on 31 October with no deal in place seem more likely, although the Confederation of British Industry has warned against such a scenario, according to the BBC.
Michael Gove, instated by Johnson on 24 July as the Chancellor of the Duchy of Lancaster, which includes the role of preparing for a no-deal Brexit, wrote in the Sunday Times newspaper, “No-deal is a very real prospect. We must ensure we are ready,” to which
Carolyn Fairbairn, the CBI’s director-general, said, “Although businesses have already spent billions on contingency planning for no deal, they remain hampered by unclear advice, timelines, cost and complexity. … (and) that in a no-deal Brexit some 24 of 27 areas of the U.K. economy would experience disruption.”
Peel stock suspended as results miss deadline: U.K. hotel company Peel Hotels, which has nine assets across England and Scotland, has had its shares temporarily suspended from the London Stock Exchange’s Alternative Investment Market due to the firm missing the 27 July deadline for its earnings announcement, according to a news release.
Peel stated the delay is not due to trading difficulties or other financials but because of a delay in receipt of “third-party bank confirmations,” according to news release from Alliance News reported by financial website Morningstar. Peel now also wishes to delist, “(deciding) the benefits of being listed on AIM do not outweigh the drawbacks.”
Star vows to build rejected AU$530m hotel tower: Australia’s Star Entertainment Group has said it will continue the battle to build a $530-million Australian dollars ($366 million) hotel-casino tower on the Sydney waterfront, despite its plans being rejected by city panning authorities “as inconsistent with the existing and future character of inner-city Pyrmont (a neighborhood of the Australian city),” according to Australia’s ABC media network.
The news outlet said the proposed 66-story development stands on Sydney’s famous harbor opposite peer hotel-casino group Crown Casino’s Barangaroo hotel-casino development due to open in 2021. The Star project will contain a 220-room Ritz-Carlton hotel, among other initiatives.
Compiled by Terence Baker.