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1. Day One of Americas Lodging Investment Summit
The conversation on the first day of the Americas Lodging Investment Summit in Los Angeles centered on labor concerns in the hotel industry, HNN's Sean McCracken and Bryan Wroten report from the event.
Chris Nassetta, president and CEO of Hilton, said the industry's future and the ability to deliver to guests "will in large part rely on our ability to attract and retain workers from Gen Z. This youngest generation has a tremendous appetite for activism, and we have to show them how impactful a career in hospitality can be.”
Check back in with HNN for more coverage from the conference.
2. Homeless in New York City Moved Back to Shelters
Despite the recent quadrupling of coronavirus cases in New York City, homeless people who were being housed in hotels are being moved back into group shelters, The New York Times reports.
The move was initially pushed back two weeks by a judge who said New York City wasn't giving enough consideration to people's health.
People have been given trash bags for their belongings and are being transported from hotels to crowded shelters, according to the news outlet.
3. Hotels in Europe Struggle With Staffing
Hotels in Europe are booming with demand from vacationers, but hotels and restaurants are operating at reduced staffing hours due to the labor shortage, The Washington Post reports.
The Hôtel Martinez in France is known for hosting celebrities and has strict access for guests, but the hotel has been struggling to find employees.
Yann Gillet, the hotel’s manager, told the news outlet the hotel usually gets plenty of applications but the labor shortage is having an effect.
4. States Buy Hotels To House Wildfire Survivors
States such as California and Oregon that have been ravaged by wildfires are buying and renting out hotels to house survivors, Next City reports.
Last year, wildfires damaged 17,700 structures in the U.S., and have contributed to significant housing shortages in California and Oregon. Other states such as Texas, Washington and Colorado have also lost housing in recent years.
Megan Loeb, program officer at Oregon Community Foundation, which oversees Project Turnkey, told the news outlet that "hotels and motels can almost immediately shelter people — plus they’re more welcoming to families and LGBTQ people, and safer during a pandemic, than congregate housing."
5. Host Stock Outperforms Market
Host Hotels & Resorts' stock rose 2.53% to $16.18 on Monday, outperforming some other hotel real estate investment trusts, Market Watch reports.
The S&P 500 Index rose 0.24% to 4,422.30 and the Dow Jones Industrial Average rose 0.24% to 35,144.31.
Pebblebrook Hotel Trust rose 2.09% to $22.91 and RLJ Lodging Trust rose 1.39% to $14.59.
Editor’s note: Chris Nassetta serves on CoStar Group’s board of directors.