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A smart way for hotels to approach economic downturns | By Margaret Ady
Unless you're living a version of The Truman Show, you've seen the word recession floating around the web-o-sphere recently. The Marriotts and Hyatts of the world have been noticed using words like caution in light of the potential for the U.S., Britain, Germany, Japan, and Brazil to see a recession as soon as 2020. Further, North American hospitality and leisure CEOs are reportedly showing a decline in their confidence about revenue growth, according to PwC (AdWeek). From Brexit to various trade wars, to protests in Hong Kong, there's plenty to be concerned about. But don't panic; studies show that's a bad move. It's most important to start thinking carefully about how to handle a downturn in business if it comes.

Hospitality Disruptor Generator Acquires Freehand Hotels In Its Quest To Dominate The Experience Economy In U.S. Market
Generator, whose design-driven affordable luxury has disrupted the hospitality industry across Europe since 2011, will now operate all four Freehand Hotels and their respective food and beverage outlets after purchasing the brand for $400 million this week. The acquisition led by London-based firm Queensgate Investments, which owns Generator, merges the original upscale hostel trailblazers and reaffirms Generator as a global pioneer in the hospitality industry. With Generator's storied success in Europe and Freehand's expertise in the U.S. market, this new merger marks a momentous milestone in the brand's history and future.

HVS Asia Pacific Hospitality Newsletter - Week Ending 11 October 2019
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News from Travel Industry Wire
A More Competitive Air Transport Industry Could Generate 200,000 More Jobs in Italy
IATA released a study showing that a more competitive air transport sector in Italy could generate nearly €20 billion in extra GDP to the nation's economySteel Cutting Ceremony Begins Countdown to New Cunard Ship
Fincantieri's Castellammare di Stabia Shipyard begins construction on Cunard's 249th shipFraport Traffic Figures - September and First Nine Months 2019
Intercontinental traffic drives FRA's passenger growth – Group airports in Fraport's international portfolio report mixed resultsAlaska Air Group Reports September 2019 Operational Results
On a combined basis for all operations, Air Group reported a 6.4% increase in traffic on a 3.5% increase in capacity compared to September 2018. Load factor increased 2.2 points to 83%.Apple Leisure Group Annunces Leadership Appointments
Apple Leisure Group announced today the appointment of three executives to the Company's executive leadership team and their new roles. Effective immediately, Jacqueline Marks, Steve Dumaine and Ray Snisky will join ALG's executive committee, overseeing the rapidly growing Vacations brands.
     
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