From the desks of the Hotel News Now Editorial staff:
- How worries have changed for hotel execs in 10 years
- Stocks off to a rough start in fourth quarter
- REAL ID Act travel requirements a year away
- Hilton makes list of world’s best workplaces
- Grand Island to train hotels on signs of human trafficking
How worries have changed for hotel execs in 10 years: There was less disruption in the industry in 2010 compared to what the industry faces now going into 2020, according to hotel executives speaking at The Lodging Conference, and that’s something they are now worried about, writes HNN’s Danielle Hess.
Jagruti Panwala, chairwoman for AAHOA and president and CEO of Wealth Protection Strategies, said “as an industry, we need to somehow keep up with the pace of change” when it comes to disruptors entering the industry.
When asked if the downturn is here or on its way, Jim Merkel, CEO of Rockbridge, said “it doesn’t really matter” because the industry will deal with challenges thrown its way like it did during the last downturn.
Stocks off to a rough start in fourth quarter: The Dow Jones Industrial Average and S&P 500 usually hit their biggest gains in the fourth quarter, but “it already seems as though hitting those numbers this year is going to be tough,” The Wall Street Journal reports.
Dow industrials fell 3.1% at the start of October, which is the worst start to a quarter since 2008.
“The blue chips are still up 12% for the year but down 2.6% over the past 12 months after a brutal sell-off last fall,” according to the news outlet.
REAL ID Act travel requirements a year away: Travelers will need to be REAL ID-compliant by 1 October 2020, and government and travel officials are educating people on what exactly that means, CNN reports.
The REAL ID Act put minimum security standards in place for “the issuing of state licenses and their production.”
Some of the acceptable forms of REAL ID include a REAL ID-compliant state driver’s license, a U.S. passport, a permanent resident card and a border crossing card. TSA checkpoints at the airport will not clear travelers who cannot produce acceptable identification, which could lead to “serious backups” in U.S. airports starting 1 October 2020.
"We have real concerns, based on some recent surveys we did, that 99 million Americans do not have any form of REAL ID-compliant identification," Tori Barnes, EVP of public affairs and policy at the U.S. Travel Association, told the news outlet.
The Department of Homeland Security reports there are currently 47 of 50 states that are REAL ID-compliant, an increase from 26 in January 2017.
Hilton makes list of world’s best workplaces: Hilton ranked No. 2 for the second year in a row on Fortune Magazine’s list of the top 25 best places to work in the world, according to a news release.
Hilton is the only hospitality company on the list.
“During our milestone 100th year of hospitality, it’s an honor to once again be recognized as the No. 2 Best Workplace in the World and remain the only hospitality company on the list,” Hilton President and CEO Chris Nassetta said in the release.
Grand Island to train hotels on signs of human trafficking: Employees at hotels and motels in Grand Island, Nebraska, will undergo training on 14 October to learn how to recognize the signs of human trafficking, The Grand Island Independent reports.
The training is part of an effort by the Grand Island Area Coalition in Trafficking and the Grand Island YWCA.
Law enforcement in the area has been trying to stop human trafficking, but “it became clear right away that this could not be a policing-only issue,” investigator Tony Kavan of the Nebraska State Patrol, told the news outlet.
Compiled by Danielle Hess.