Welcome to Avero’s latest edition of Fresh from the Oven, where you can stay up-to-date with the latest hospitality news, at a glance. In this week’s edition we’ve collected several headlines about casinos and hotels. Read on for news about exciting new mergers, new face mask policies, and get the scoop on Las Vegas’ ongoing Covid-19 recovery.
Our Customers and Partners:
- Marriott to Require All Guests In U.S. to Wear Face Masks [Hospitality Net]
Citing the American Hotel & Lodging Association “Safe Stay Guest Checklist,” Marriott will now require guest to wear face coverings in public spaces on every domestic property. - No-Tipping Pioneer Danny Meyer Abandons Policy Due to Coronavirus Crisis [Eater NY]
Danny Meyer, founder of Union Square Hospitality Group and the non-tipping model announced an immediate end to the policy. He remains committed to policy changes that bring equity into compensation in restaurants, including revenue sharing. - As Covid-19 cases rise, fewer tourists come to Las Vegas [Las Vegas Review Journal]
Casinos reopened to strong turn out in early June, and roughly 550,000 people visited on July 4th. Last Saturday, only 350K visitors were reported as Covid-19 cases are on the rise.
News:
- Caesars Entertainment and Eldorado Resorts Merger Completed [The Motley Fool]
The merger which began in 2019 and was announced as complete on Monday makes Caesars Entertainment Inc. the largest casino company in the U.S. - Authorities Come Down Hard On Restaurants Flouting Covid-19 Rules [Restaurant Business]
Local government officials respond to rising infections across the country by tightening restrictions, fining rule breakers, and shutting down business with repeat violations. - U.S. Hotel Transactions Down 74% Due to Covid-19 [Hospitality Trends]
According to STR’s Hotel Transaction Almanac, domestic hotel transactions went from record-high profit levels to a 74% YoY loss between March and May 2020.
Technology:
- Your Instacart Information Might Be on the Dark Web [Eater]
BuzzFeed News alleges that Instacart user information including products purchased, payment details, and email addresses are being sold on the dark web. Instacart denies any knowledge of a security breach, despite customers confirming details. - Uber Eats Pilots Commission-free Online Ordering Through 2020 [Restaurant Dive]
Uber Eats announced a new pilot program that allows restaurants to offer online ordering for delivery and take out on their own websites with no commission through the end of the year.
Trends:
- Alcohol To-Go Might Be Magic Potion for Struggling Restaurants [Restaurant News Resource]
Many states temporarily amended regulations to allow liquor sales with take out food orders during the Covid-19 pandemic. A survey by the National Restaurant Association shows up to 85% of members support making the change permanent. - Rent Negotiation Strategies for Restaurants During the Pandemic [QSR Magazine]
Restaurants across the country are struggling to pay rent while revenue and profits suffer during the pandemic. Here are some considerations for creating a sustainable recovery plan with your landlord.
