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

One year after amputation, Dole back on football field, starring for Huntley Project with prosthesis

first_img Published on October 15, 2013 at 12:18 am Contact Joe: [email protected] | @joeinfantino Facebook Twitter Google+ Six weeks after shattering his leg and four weeks after having it amputated, Koni Dole started over.Trying out his new prosthetic leg, Dole stood between two dip bars in the Huntley Project (Worden, Mont.) High School weight room, ready to catch himself should he fall, and threw a tennis ball back and forth with his coach.He described the pain as excruciating, but it’s a pain he carried with him to medicine ball work shortly thereafter, and ultimately all the way back onto the football field.“Honestly, I put so much work into getting used to my blade that I don’t even remember what it’s like to have two legs,” Dole said.After amputating his leg, the doctors said he would never play football again.AdvertisementThis is placeholder text“But they were wrong,” Dole said. “They were wrong about a lot of things.”Less than a year after a gruesome leg injury, Dole, a senior defensive end and fullback for Huntley Project, is back on the field. He has been a disruptive presence on defense, recording 36 tackles through six games. He is back to doing the “dirty work he did last year,” head coach Guy Croy said.In August, Montana State University offered him a preferred walk-on spot, which he has yet to accept.During a game on Oct. 19, 2012, Dole’s Red Devils were down six points in the fourth quarter against rival Shepherd High School. Dole penetrated the pocket looking to force a turnover, but a player slid into his right leg just as he had planted it, and the impact snapped the lower part of the leg in half.Because of the initial shock, he didn’t know just how serious the injury was. He tried to walk himself off the field. Unable to find any stability, though, he laid back down.That’s when he picked up his leg and saw it “just hanging there.”“The bone was out of the skin,” Dole said.Blood was everywhere.“I heard the pop, but that was about 20 feet or so from me,” Croy said. “ … Right away you just wanted to take care of him.”What should have been only two days in the hospital turned into two weeks. During that time, Dole underwent five surgeries to reset the bone and lost almost 60 pounds. A serious infection caused the muscles in his leg to deteriorate, and the doctors were forced to amputate it below the knee.Frustrated with the “slow-paced” physical therapy plan that might have had him walking again in about a year, Dole took his recovery into his own hands.His last surgery was on a Friday. He researched amputee athletes during his three-day bed rest, and on Monday, he was back in school — lifting weights.“I just tried not to do anything different than what I had done before, you know?” Dole said. “I was still in the weight room before and after school just as much as I was before the injury.”Four weeks later, Dole had to relearn how to walk when he got his Nike Road Runner prosthetic — a curved carbon-fiber blade similar to the kind South African sprinter Oscar Pistorius ran on in the 2012 Olympics. Dole’s blade is thicker, though, allowing it to take more of a beating. And it is customized with a set of spikes torn from a pair of his cleats.He spent two to three hours daily in the weight room getting back into shape. Four months later, he joined the track team to learn to run. He said the pain was excruciating because his limb was not 100 percent healthy. Yet he was healing faster than anyone expected.On Aug. 30, 10 months after his injury, Dole suited up for the first football game of the season and led his team to a 45-0 win with two rushing touchdowns and a sack.Several games later, he impressed Plentywood High School head coach Bill Nyby with his consistency in a 10-7 win.Nyby said Dole should definitely accept Montana State’s offer.“I say, ‘Hell yes,’” Nyby said. “You won’t know if you can make it or not if you don’t go out and give it a try.”On Oct. 25, Dole will be right back where he was when the snap of a football eventually led to the snap of his leg: lined up across from the Shepherd High School offense. If you ask him, he’ll say there’s no difference between last season’s catastrophe and this game: He’s going to hold nothing back.“Nothing comes easy, so I’m going to keep pushing the limits,” Dole said. Commentslast_img read more

The reborn Espanyol

LaLiga Santander* Data updated as of January 5, 2020 Already at the entrance, striking was the ownership of Óscar Melendo, which certainly came from overcoming ankle discomfort but, in addition, was not of the game in LaLiga since September 15. Three and half months. Another striking recovery in the initial team was that of Javi López, the captain, who had only participated in one of the previous 11 days, there is nothing, and whose performance against the Catalans was simply spectacular.The third big news was David Lopez, not for its ownership but for its return to the midfielder. And it could not be better for Abelardo, because he scored. The stopped ball, not in vain, is another of the new coach’s hallmarks, as it was for Pablo Machín, although in the case of the Soriano that effect (and many others) dissipated after the first matches.Already during the match, players such as Ander Iturraspe or Matías Vargas, author of assistance to Wu Lei. And it was seen, even in the absence of a goal, the best version of Jonathan Calleri, which was already indisputable with Abelardo in the Alavés.But perhaps the most radical metamorphosis was experienced Marc Roca, who from a rude error in Butarque happened in the derby to be displayed. A lot of guilt was sure, in his case and in the rest, a sensible approach, with four defenses, with lines together, with order and pragmatism. The essences If they recover, Espanyol will. Against Barcelona they already glimpsed, and in what way, some of those improvements that the new coach is looking for, and that in fact he needs to settle urgently if he wants to have any option of achieving permanence. So what I only had seven workouts (one per day, plus the double session on Monday) to prepare a very difficult meeting. It crowded the “Yes you can!”From the Cornellà stand on Saturday night, while Espanyol players and fans exchanged applause after the most valuable tie in the derby. A scene totally opposite to that of the previous game, against Leganés, where a few players approached to apologize to the few fans displaced to Butarque.The parakeet set was reborn in Abelardo’s debut Fernández, whose success will be proportional to his ability to recover the best version of many of his players and even the essences of a dying club for almost the entire first round. read more

Ctrip signs China focused Distribution Agreement

first_img(L-R: Jim Chung: Director, Global Hotel Chains/Ctrip; Ray Chen: CEO, Accommodation Business Unit/Ctrip; David Zhou: CBO, Accommodation Business Unit/Ctrip; Nayan Peshkar: SVP .Digital, Distribution & Revenue Strategy/MHR; Jun Lai: General Manager, International Market & Hotel Chains/Ctrip; Hana Chlebna: Global Online Distribution Manager/MHR)Ctrip signs China focused Distribution Agreement with Millennium Hotels and International, Ltd. (Nasdaq: CTRP), one of China’s largest integrated travel services companies (“Ctrip”), today signed an agreement with upscale global hoteliers Millennium Hotels and Resorts (MHR) to develop a global distribution strategy promoting MHR properties to Ctrip’s 300 million strong customer base.The agreement was announced jointly at ITB Berlin by David Zhou, Chief Business Officer for Accommodation Business Unit of Ctrip and Nayan Peshkar, MHR Senior Vice President – Digital, Distribution & Revenue Strategy.It marks the start of an alliance enabling Ctrip to offer MHR’s iconic portfolio of hotels in the USA, Europe, the Middle East, Asia and Australasia to its China-based business and leisure travel clients. Through the aegis of a strategic collaboration agreement, MHR will partner with Ctrip’s membership program, which will certify its properties as “Chinese Friendly Hotels” and enable them to benefit from Ctrip’s influential ranking system. MHR and Ctrip will also work towards customer initiatives such as the launching of a flagship store on Ctrip’s digital platforms, joint marketing campaigns as well as knowledge sharing and cross exposure programmes for team members.Ctrip is the number one platform for Chinese nationals travelling overseas. About one in four Chinese citizens use Ctrip to book and search for outbound flight tickets, making it the world’s largest outbound travel platform. According to Ctrip’s 2018 Travel Report, its customers’ top destinations are England, France, Germany, Thailand, Japan, Hong Kong, South Korea, Indonesia, and USA, all of which are home to hotels owned or operated by MHR and its associates.MHR parent company Millennium & Copthorne Hotels Plc was listed on the London Stock Exchange in 1996. At the end of 2018, it operated or branded a portfolio of 139 properties with over 40,000 rooms. Its respected brands are present in 28 nations around the world, including China where it owns and operates the iconic Grand Millennium Hotel Beijing, as well as operating properties in Hong Kong, Xiamen and other major Chinese destinations. The Group has always had a strong Asian franchise, thanks to its majority ownership by City Developments Limited, one of Singapore’s leading corporations. This, combined with its unique range of iconic properties in popular destinations will make it a valuable addition to Ctrip’s customer offering.David Zhou of Ctrip said, “We are so grateful to be enhancing our relationship with MHR. Chinese outbound tourists reached nearly 150 million in 2018, and the growth for this year remains strong. By signing this China–focused distribution agreement with MHR, we are continuing to offer 300 million members the best hotel experience worldwide whilst enhancing MHR’s presence and boosting new business opportunities for them in the China Market.”Nayan Peshkar of MHR said, “We are delighted to be joining forces with Ctrip and thus raising the profile of our hotel offering in the large and fast-growing China travel market. Asia is our second biggest region of operations, so we already have a deep and embedded experience of what it takes to meet the high demands of business and leisure travelers from China. With hotels located in some of the world’s most attractive destinations, we look forward to welcoming more of Ctrip’s customers in the coming year.”About International, International, Ltd. is a leading provider of online travel and related services, including accommodation reservation, transportation ticketing, package tour and in-destination services, corporate travel management, and other travel related services. It enables business and leisure travellers to make informed and cost-effective bookings by aggregating comprehensive travel related information and offering its services through an advanced transaction and service platform consisting of its mobile apps, Internet websites and centralized, toll-free, 24-hour customer service center. The family of travel brands mainly includes: Ctrip, the largest online travel agency in terms of gross merchandise value and the best-known travel brand in China; Qunar, a leading online travel agency in China;, an online travel agency for global consumers; and Skyscanner, a leading global travel search site. Since its inception in 1999, Ctrip Group has experienced substantial growth and become one of the largest travel service providers in the world.About Millennium & Copthorne Hotels PlcMillennium Hotels and Resorts is the umbrella brand of Millennium & Copthorne Hotels plc, a global hospitality management and real estate group, listed on the London Stock Exchange (LSE: MLC).The company owns and/or manages a worldwide portfolio of more than 136 hotels, offering over 40,000 rooms in business and leisure destinations in Asia, Australasia, Europe, the Middle East and North America. Millennium Hotels and Resorts consist of 4 brand collections: Leng’s Collection, M Collection, Millennium Collection and Copthorne Collection.MHR is a dynamic hospitality group with an outstanding reputation for excellence and taking pride in exceeding the needs of business and leisure travellers. Its properties are well located in the world’s most attractive destinations, including New York, Los Angeles, London, Paris, Dubai, Abu Dhabi, Singapore, Auckland and Beijing. Millennium Hotels and Resorts offer its guests the perfect address for business and leisure alike. Source = Internationallast_img read more