Welcome to another edition of Aventri’s Connect Weekly column, where we share the top five news stories from the week that today’s meeting and event planners should know. We aim to cover everything from the worlds of events, technology, business, marketing, social media, travel, hospitality and beyond. Check out the top stories from the week of June 22, 2020.
Cruise Lines Extend Sailing Suspensions Due to the COVID-19 Pandemic
Initially paused until July 24, Cruise Lines International Association’s announced that their members will further delay resuming cruise operations from U.S. ports until September 15, 2020. In a statement CLIA stated, although we had hoped that cruise activity could resume as soon as possible after that date, it is increasingly clear that more time will be needed to resolve barriers to resumption in the United States." Read more about the cruise line suspension.
Hotels Could Face $9 Billion in New Costs to Stay Squeaky Clean
In response to Coronavirus and reopening guidance, hotels looking to reopen will have to increase their spending to meet the increased cleaning and safety standards. Hotel Asset Value Enhancement, a hotel management company, estimates that these new safety standards will cost the industry approximately $9 billion per year. Learn more about the financial trade-off for reopening the hotel industry.
NY, NJ, and CT Require Travelers From States with High Coronavirus Rates to Quarantine for Two Weeks
As of June 24, New York, New Jersey, and Connecticut have issued travel advisories that require people arriving from states with high Coronavirus rates to quarantine for 14 days. This travel advisory applies to states with a positive test rate of more than 10 per 100,000 residents over 7 days or a state with 10% higher positivity rates over a 7-day rolling period. To learn which state this advisory applies to click here.
‘The Events Industry Has Been Ignored’: Reactions to 4 July Reopening Plans
UK’s Meeting Industry Association expressed disappointment amid the news that restaurants, pubs, and hotels may begin reopening on July 4 and reducing social distancing to one-meter rather than two, but England has not yet provided clarity for when the events industry may resume. Other organizations, such as the Business Visits and Events Partnership’s, have expressed their disappointment and exasperation over the lack of clarity or initiative to kick-start the events industry. Read more about how COVID-19 has effected the industry and how the lack of reopening guidance could be detrimental to the industry, here.
Aventri Announces Closing of Strategic Growth Equity Round with HGGC and Level Equity
On June 24, Aventri closed a strategic growth equity round with current private equity investors HGGC and Level Equity. Jim Sharpe, Aventri’s CEO, states, “while our industry has been heavily impacted by COVID-19, at Aventri, we are committed to continually investing in software and services that meet our customers’ needs today and in the future.” Read more about how Aventri will use its new capital here.