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Hotelbeds expects to secure $430M. The company with 5,000 workers may not long be able to affords its operational costs as its revenues from hotel partners collapse.

Sojern lays off 50% of staff. The ad-tech firm servicing travel companies has laid off about 300 employees due to financial instability caused by the coronavarius pandemic.

TUI to lay off 11,000 staff in UK. The company said 4,455 travel agency employees, roughly 99% of shop staff, will be sent home following the closure of its high-street network.

COVID-19: How Google is tracking you. The company tracks your movements to see if you’re going places you're not supposed to be going or staying put amid the global coronavirus pandemic.

Vendor News & Views

STR: Prepare for bounce back in 2021. Last weeks STR webinar remained confident that the current crisis will transpire into a ‘V’ shaped recovery, with a tourism bounce back by next year.

Daily Brief • Friday, April 03, 2020

Hotels hope to make up for lost business later in the year