New York City hotels that are trying to reopen amid historically low occupancy levels are jousting with an employees' union that resists reductions in pay and protections. While more than half the city's hotel rooms stood vacant as of last month, the New York Hotel and Motel Trades Council has won wage and severance victories from the City Council and via arbitration.
Drift Day Spa in Dartmouth, Mass., has developed a special treatment for acne caused from wearing a mask, a growing problem amid the coronavirus pandemic. "It causes a lot of problems for people who wear masks all day," esthetician Sophia Tetreault says.
Airbnb figures to become one of the stock market's most closely watched players when it goes public on Nasdaq with a reported quest for $3 billion. The IPO would raise the home-rental business's valuation to $30 billion, signaling a rebounding comeback from early in the year when emergency funding was secured from investors.
The Daxton Hotel in Birmingham, Mich., will feature more than 400 pieces of art, a gourmet restaurant and an in-house personal trainer when it makes its debut in February as one of the state's premier luxury properties. The newest high-end member of Aparium Hotel Group is the first for Detroiter Mark Mitchell.
Spokane County, Wash., plans to channel $10.8 million in federal pandemic relief funds into a hospitality grant program aimed at helping struggling hotels, restaurants and related businesses. "What this money was targeted for is sectors that have really, really been hit hard by the coronavirus and the shutdowns," County Commissioner Josh Kerns says.
The planned November reopening of Chicago's Navy Pier has been pushed back, depriving the city's struggling hospitality market of new blood in the form of The Sable Hotel. The 223-room property atop a Navy Pier building likewise has been postponed to March "because of the relentless nature of COVID and the market is in the doldrums," Maverick Hotels, Restaurants CEO Robert Habeeb says.
The hotel industry should recognize that the federal minimum wage falls far short of adequacy and should set a higher standard of its own as it seeks to recruit and retrain employees for the recovery process, executive Christopher Henry writes. The CEO of Majestic Hospitality Group cites a study indicating that millennials are bringing home 20% less than baby boomers did at the same point in life when inflation is factored in.
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