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New York's Roosevelt Hotel to close after nearly 100 years due to the coronavirus pandemic

New York's Roosevelt Hotel to close after nearly 100 years due to the coronavirus pandemic

By: Simret Akiliu
Source: CNN
Date of Publication: October 11th, 2020
But now, The Roosevelt Hotel will no longer bear witness to motion pictures or moments in history.
The hotel will permanently close its doors this year, a spokesperson told CNN in a statement.
The Roosevelt Hotel, owned by Pakistan International Airlines, cited the coronavirus pandemic and the ensuing drop in business as the principal reasons it will cease operations.
Six months into the pandemic, the US economic outlook is getting gloomier - CNN

Six months into the pandemic, the US economic outlook is getting gloomier

By: Annalyn Kurtz
Source: CNN
Date of Publication: September 21st, 2020
Six months. It may feel like an eternity, but that's how long it's been since states started enacting stay-at-home orders.
Disneyland reopening on hold as California delays theme park guidelines

Disneyland reopening on hold as California delays theme park guidelines

By: Lisa Richwine
Source: Reuters
Date of Publication: October 2nd, 2020
California's health secretary on Friday agreed to hear more input from theme park operators before issuing reopening guidelines, a step that further delays Walt Disney Co's DIS.N plans to welcome visitors back to Disneyland.
Disney to lay off about 28,000 parks unit employees due to coronavirus hit

Disney to lay off about 28,000 parks unit employees due to coronavirus hit

By: Lisa Richwine
Source: Reuters
Date of Publication: September 29th, 2020
Walt Disney Co said on Tuesday it will lay off roughly 28,000 employees, mostly at its U.S. theme parks, where attendance has been crushed by the coronavirus pandemic, especially in California where Disneyland remains closed.
RV makers roll toward a V-shaped recovery amid COVID

RV makers roll toward a V-shaped recovery amid COVID

By: Timothy Aeppel
Source: Reuters
Date of Publication: September 21st, 2020
At least one American industry is rolling toward a V-shaped recovery. Wholesale shipments of recreational vehicles - which have surged in popularity as Americans sought to travel without the need to touch hotel or restaurant doorknobs - are projected to set a record next year, according to an analysis seen by Reuters prepared for the RV Industry Association. The report is being released today.
Fortune 500 CEO survey on how top companies are dealing with coronavirus pandemic, predictions for what's ahead _ Fortune

Fortune 500 CEO survey: How are America’s biggest companies dealing with the coronavirus pandemic?

By: Alan Murray
Source: Fortune
Date of Publication: May 14th, 2020
CEOs of the Fortune 500, surveyed in the last two weeks of April, believe it will be years before the effects of COVID-19 are purged from the U.S. economy.
Virgin Atlantic to cut over 1,000 more jobs as demand languishes

Virgin Atlantic to cut over 1,000 more jobs as demand languishes

Source: Reuters
Date of Publication: September 3rd, 2020
Virgin Atlantic is preparing to cut more than 1,000 jobs after seeing a slower-than-expected recovery in international demand for air travel, Sky News reported bit.ly/3h0II1c on Thursday.
Coors Light turns favorite video chat backgrounds into real vacations _ Marketing Dive

Coors Light turns favorite video chat backgrounds into real vacations

By: Chris Kelly
Source: Marketing Dive
Date of Publication: September 1st, 2020
Coors Light is giving fans a chance to win a vacation to the travel destinations they've been using as video chat backgrounds during the pandemic, according to a press release.
Small the new big for hotels post-pandemic, says Oyo CEO

Small the new big for hotels post-pandemic, says Oyo CEO

By: Axel Threlfall, Joshua Franklin
Source: Reuters
Date of Publication: September 1st, 2020
The COVID-19 pandemic will mean holiday-goers will shy away from larger hotels for the foreseeable future in favor of boutiques and home rentals, the CEO of India-based hospitality startup Oyo Hotels and Homes told Reuters.
MGM Resorts Revenue Falls 91%

MGM Resorts Revenue Falls 91%

By: Katherine Sayre
Source: The Wall Street Journal
Date of Publication: July 30th, 2020
MGM Resorts International posted a 91% decline in quarterly revenue, the latest casino operator to reveal the continuing financial blow of pandemic shutdowns and curtailed global travel on the gambling industry.