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Standard Buys Sixty Soho Hotel in Lower Manhattan

Standard Buys Sixty Soho Hotel in Lower Manhattan
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Pay now, stay later: Hotels hit hard by coronavirus pandemic selling bonds for future travel

Pay now, stay later: Hotels hit hard by coronavirus pandemic selling bonds for future travel By Lori Rackl, Chicago Tribune © Jose M. Osorio/Chicago Tribune/TNS Lobby and reception area at the Hotel Julian, a 218-room boutique hotel in the former Atlantic Bank Building in Chicago, on Wednesday, Oct. 30, 2019. Hotel Julian is offering bonds for future stays. CHICAGO Either closed down or operating with most of their rooms empty, hotels are finding ways to put cash in their pockets now for services provided later, spawning some enticing deals for consumers. Take the 452-room hotel LondonHouse Chicago. It’s offering “bonds” that people can buy in $100 increments. Once those bonds mature after 60 days, they’re worth $150 a quick 50% return on investment. When the coronavirus crisis subsides and guests are ready to book, they can use the bonds to pay for everything from overnight stays to room service and drinks at the hotel’s rooftop terrace ove

Best hotel and travel vouchers to gift for Christmas and beyond for when travel returns

December 18, 2020 Pexels The travel industry was one of the first to feel the crushing financial blow of Covid-19 and continues to be one of the hardest hit sectors, with the World Travel and Tourism Council warning in June that 197 million jobs could be lost by the end of 2020. While the vaccine brings the promise of a brighter future, it’s still hard to know how many businesses may be able to recover, how long it’s all going to take and how many livelihoods might be lost along the way. Grounded, subject to often drastic quarantine measures and with no idea when they might be able to travel freely again, people might feel as though there’s little they can do to help. This holiday season, however, provides an opportunity to support the travel industry while cheering ourselves up in the process.

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