This year the hotels are mostly vacant but the holiday tour is starting.
These are the reasons for holiday travelers to Hyatt, just a few days before the hotel booking.
In the US, more than 65% of full-service hotel bookings and more than 75% of budget hotel bookings were made only four days earlier during June, CEO Mark Hoplamazian said on the company’s second-quarter earnings call on Tuesday.
Hyatt has never experienced this shortest momentary booking window before.
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Epidemic decline has affected travel.
“Looking at the booking window … the effect is instantaneous,” he said, noting that about 35% of Hyatt’s hotels are globally closed.
“As long as meaningful and consistent progress is made towards slowing the spread of the virus, international travel in particular will continue to be negatively affected,” Hoplamazian said.
By the end of June, 80% of Hyatt hotels were open; By the end of July, 87% were open.
The rest should open in the next few months.
Despite hotel precautions, however, visiting them is still risky, said Dr. Albert Ko, professor of epidemiology and medicine at the Yale School of Public Health. Hotels can bring travelers from states or countries together, where broadcast rates are high, for example, and many carriers are not showing symptoms.
“There is such concern in the matter of public health,” he said. “Those settings may have caused the outbreak.”
To reassure potential guests, many hotels – from luxury resorts to budget brands – are sharing the changes they make on their website. New practices may include adding hand sanitizer stations to the lobby, repeatedly disinfecting surfaces such as elevator buttons, and removing additional items in rooms such as pens and paper. Breakfast enthusiasts can be replaced with pre-prepared meals.
The CDC also suggests taking ladders when possible and reducing the use of common areas.
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Hyatt Hotels Corp reported a second-quarter loss of $ 236 million on Monday after registering a profit in the same period a year earlier.
The Chicago-based company said it incurred a loss of $ 2.33 per share. The adjusted loss for non-recurring costs was $ 1.80 per share.
The results did not meet Wall Street’s expectations. The eight analysts surveyed by Zacks Investment Research had an average estimate for loss of $ 1.38 per share.
The hotel operator posted revenue of $ 250 million in the period, which also did not meet street forecasts. Six analysts surveyed by Zac expected $ 250.6 million.
Hyatt Hotels shares have fallen 47% since the beginning of the year. In the final minutes of trading on Monday, the stock lost $ 47.98, up 37% over the previous 12 months.
The Associated Press contributed to this report.