Airbnb announced that it will cancel reservations in the Washington, D.C., metro area during the week of President-elect Joe Biden’s inauguration and will also prevent any new reservations from being booked during that time.
Employers cut 140,000 jobs in December, the first decline since the pandemic hit the country last spring. Job cuts at restaurants and bars drove the drop, as many were forced to close or scale back operations during a nationwide surge in coronavirus cases.
A group of real-estate startups is aiming to cash in on the remote-work phenomenon. That situation is creating fresh demand for furnished housing on a short-term basis, a fast-growing niche that many property startups and their venture-capital backers are rushing to fill.
Marriott International said they would pause donations to Republican lawmakers who objected to President-elect Joe Biden’s Electoral College win.
Global regulators and other authorities have consistently reiterated that USD LIBOR would no longer be available after December 31, 2021, but recently the ICE Benchmark Administration (IBA), signaled to the market that USD LIBOR for the most liquid maturities is now likely to continue to be published until June 30, 2023.
The purchasing managers index for the U.S. manufacturing sector rose to 57.1 in December from 56.7 in November. That was the biggest improvement since September 2014.
Wyndham Destinations is buying the Travel + Leisure publication from Meredith Corp. for $100 million. In addition to its eponymous magazine, the combined company would have 18 resort, travel-club and lifestyle-travel brands. Wyndham Destinations, which spun off Wyndham Hotels & Resorts Inc. in 2018, plans to change its name to Travel + Leisure Co. and trade under the ticker symbol “TNL”.
Although the FTSE Nareit Equity Lodging/Resorts Index surged in November following news of successful vaccine trials, it was still down 25% in 2020.