Business travel may never fully return, hurting hotel stocks, Morgan Stanley says

first_img– Advertisement – – Advertisement – (This story is for CNBC PRO subscribers only.)Business travel may never return to its pre-pandemic levels, hurting hotels over the long term, Morgan Stanley said Friday in a note to clients.The firm’s analysis is based on an October survey of around 200 corporate travel managers who oversee $8 billion in travel spend. The managers said they believe travel spend in 2021 will be 53% below 2019’s levels, and that beginning in 2022, 22% of meetings will be conducted virtually. Grand Hyatt at SFOSource: SFO Airport – Advertisement –last_img

Arkansas faces tough test vs No. 11 Auburn

first_imgSUPER SENIORS: Arkansas’ Mason Jones, Jimmy Whitt Jr. and Adrio Bailey have combined to account for 54 percent of the team’s scoring this season, including 62 percent of all Razorbacks points over the last five games.DOMINANT DOUGHTY: Samir Doughty has connected on 29.6 percent of the 115 3-pointers he’s attempted and has made 6 of 29 over his last five games. He’s also made 76.6 percent of his free throws this season.PERFECT WHEN: The Razorbacks are 14-0 when they hold opposing teams to 72 points or fewer and 2-5 when opponents exceed 72 points. The Tigers are 19-0 when they score at least 67 points and 0-2 on the year when falling short of 67.PASSING FOR POINTS: The Tigers have recently used assists to create buckets more often than the Razorbacks. Arkansas has 29 assists on 77 field goals (37.7 percent) across its previous three outings while Auburn has assists on 33 of 69 field goals (47.8 percent) during its past three games.DID YOU KNOW: Auburn has posted an outstanding offensive rebound percentage of 35 percent, ranking the Tigers 22nd nationally in that category. The offensive rebound percentage for Arkansas stands at just 21.5 percent (ranked 337th).___ Arkansas faces tough test vs No. 11 Auburn Associated Press For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.comcenter_img February 3, 2020 Share This StoryFacebookTwitteremailPrintLinkedinRedditNo. 11 Auburn (19-2, 6-2) vs. Arkansas (16-5, 4-4)Bud Walton Arena, Fayetteville, Arkansas; Tuesday, 7 p.m. ESTBOTTOM LINE: No. 11 Auburn presents a tough challenge for Arkansas. Arkansas has played a ranked team only once this season and lost. Auburn is looking to extend its current four-game winning streak.last_img read more

ITF Announces Dates for the 2019 Lagos Open

first_imgThe International Tennis Federation has released the dates for the 19th edition of the Lagos Open.The men’s and women’s hard-court event will run from October 7 to 20 at the Lagos Lawn Tennis Club, Onikan.The Lagos Open is a $100,000 tournament on the ITF World Tennis Tour and comprises two legs, which will hold for a week each, with $50,000 ($25K for the men’s and women’s event each) the prize-money for each week. The first leg will hold from October 7 – 13, while the second leg will get underway immediately, from the 14 – 20. It will be the first time the event will run under the new ITF World Tennis Tour format, which was introduced in March, 2017 and implemented this year.Under this new format, the tournament will be known as M25 Lagos for the men’s event and W25 Lagos for the women’s. M and W denote the gender and 25, the prize-money.Last year, in the men’s singles, Tom Jomby of France won the first leg, while Britain’s Jack Draper, who was 16 years old at the time, clinched the singles title in the second leg, beating Tom Jomby in an epic final.The Lagos Open is the follow up to the Abuja Open which serves three weeks of top class action starting with the Tombim Open, Dayak Championship and the GSL Open a combined $75,000 + Hospitality prize-money event which is part of the ITF World Tour.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more