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Freefall: DFW hotels’ revenue plunged 73% in pandemic’s financial fallout

Texas hotel industry revenues plummeted an unprecedented 64.1 percent in the second quarter -- with the drop in Dallas and Fort Worth even more severe, according to a new report......»»

Category: topSource: bizjournalsSep 16th, 2020

Virus-hit U.S. state revenue could start slow recovery in third quarter: analysts

U.S. state tax revenue, which plunged due to the economic fallout from the coronavirus pandemic, could start to slowly recover this summer as long as the outbreak does not undergo a resurgence, analysts said......»»

Category: topSource: reutersJun 3rd, 2020

Oregon hospitals continue to dig out of financial hole caused by pandemic

Net patient revenue fell by $143 million per month for four months......»»

Category: topSource: bizjournalsSep 18th, 2020

Host Hotels & Resorts reports July revenue $52M

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallSep 15th, 2020

Playa Hotels & Resorts announces final phase of post pandemic openings

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallSep 14th, 2020

State bill providing eviction and foreclosure protection during Covid-19 advances

The bill is intended to counteract the economic fallout of the pandemic by prohibiting eviction due to Covid-related financial hardship. It was updated in July to include mortgage protections for property owners......»»

Category: topSource: bizjournalsAug 18th, 2020

AMC"s second-quarter revenue falls almost 99%

AMC Entertainment Holdings Inc. saw revenue plummet almost 99% in the second quarter, resulting in a $561 million net loss as the theater giant wrestled with the fallout from the Covid-19 pandemic. The Leawood-based company (NYSE: AMC) .....»»

Category: topSource: bizjournalsAug 7th, 2020

Three Maryland casinos see revenue growth in July despite Covid-19 restrictions

Three Maryland casinos grew their year-over-year revenues in July despite a state mandate restricting them to 50% capacity amid the novel coronavirus pandemic. The latest financial report released by Maryland Lottery and Gaming on Wednesday offers.....»»

Category: topSource: bizjournalsAug 5th, 2020

Ralph Lauren sees Q2 revenue, op. profit down "meaningfully" due to pandemic

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallAug 4th, 2020

YMCA CEO Kevin Washington on Balancing Pandemic Response and Financial Pressures

As Ys provide essential services, a pause in gym memberships has caused devastating revenue shortfalls .....»»

Category: topSource: timeJul 19th, 2020

On the Agenda: Arlington tallies the financial fallout of COVID-19

The city of Arlington has a $16.5 million revenue shortfall for the second quarter of its 2020 fiscal year after the financial fallout of COVID-19 has squeezed sales tax and other revenue streams......»»

Category: topSource: bizjournalsJul 7th, 2020

Should you use Social Security as a lifeline during a pandemic?

From company furloughs, layoffs, company buyout offers, and outright job loss, the financial fallout from the impacts of the coronavirus is widespread and can quickly change a person’s economic outlook. Those over the age of 62 may have an inc.....»»

Category: topSource: bizjournalsJul 6th, 2020

A financial planner says anyone who hasn"t considered refinancing private student loans right now is "doing themselves a disservice"

Photo courtesy of Anna N'Jie-Konte   The financial fallout from the coronavirus pandemic has dropped interest rates to lows not seen in quite .....»»

Category: topSource: businessinsiderJun 13th, 2020

Coronavirus pandemic plunged Cracker Barrel revenue 42% in third quarter

Cracker Barrel Old Country Store Inc. reported a sharp drop in sales as the coronavirus pandemic hit restaurants that rely on in-store dining......»»

Category: topSource: foxnewsJun 2nd, 2020

Macau gaming revenue plunges 93% amid ongoing coronavirus pandemic

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJun 1st, 2020

5 economic statistics that show the financial devastation of the pandemic for average Americans

Reuters The coronavirus pandemic has plunged the US i.....»»

Category: topSource: businessinsiderMay 25th, 2020

Guest column: Limiting losses to investment portfolios during a pandemic

As the economic fallout continues, there are steps individuals can take to limit the harm it’s doing to our financial future......»»

Category: topSource: bizjournalsMay 22nd, 2020

The Wall Street Journal: Saudi sovereign-wealth fund invests in Facebook, Boeing, Disney

In the coronavirus pandemic’s financial fallout, Saudi Arabia’s $300 billion sovereign-wealth fund has emerged as one of the world’s biggest bargain hunters, taking minority stakes worth billions of dollars in American corporations......»»

Category: topSource: marketwatchMay 17th, 2020

Choice Hotels" first quarter wasn"t so bad. There"s a reason it did better than its lodging peers.

Choice Hotels International Inc. (NYSE: CHH) reported flat revenues in the first quarter, as a majority of its properties remained open amid the pandemic, and a decline in revenue available per room of only 60% in April. As of May 6, 97% of Rockv.....»»

Category: topSource: bizjournalsMay 12th, 2020

As Sur La Table reopens, its leadership considers bankruptcy or a sale

Clothing stores like J. Crew and Neiman Marcus have already filed for bankruptcy protection this month, the first major players to do so following the financial fallout the coronavirus pandemic has caused......»»

Category: topSource: bizjournalsMay 12th, 2020

Marriott profit misses as bookings, revenue per room plunge

U.S. hotel operator Marriott missed already lowered estimates for first-quarter profit by a huge margin on Monday, as bookings plunged due to coronavirus-led lockdowns that kept a quarter of its hotels closed......»»

Category: topSource: reutersMay 11th, 2020