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Originally seen HERE. Merck made a formal request for EUA approval from the FDA Monday for its COVID pill treatment, known as 'molnupiravir'. Merck MRK said Monday it has submitted a formal application to the Food & Drug Administration for emergency approval of its oral COVID treatment.  Merck said it's seeking Emergency Use Authorization for the pill, known as Continue Reading about Merck Applies For Emergency FDA Approval Of COVID Pill Treatment

Originally seen HERE. Canadian and Mexican Borders Slated To Welcome Travelers on Nov. 8 Hoteliers in U.S. markets that have traditionally been heavily reliant on land travel from Canada and Mexico are excited about plans to reopen the borders of those countries to tourists, but they still believe it's too early to say just how significant the resulting demand will be. President Continue Reading about US Hoteliers Optimistic as Borders Reopen for Non-Essential Travel

Originally seen HERE. Optimistic signs of return and tangible recovery in the business travel sector could be seen over the past month. In the latest poll from The Global Business Travel Association (GBTA), half (52%) of industry respondents reported more optimism compared to September. October also saw an increase to 66% of those polled who said their companies are allowing Continue Reading about GBTA: New international border openings set to accelerate business travel

Originally seen here.U.S. group meetings volume in October increased 30.4% over September’s figure, according to data from Knowland, a provider of data-as-a-service insights on meetings and events for hospitality. Average attendees per event remains stronger than 2019 for the second month in a row. Additionally, average space used was still higher than 2019, however, the gap between these Continue Reading about Knowland: October U.S. meetings volume rises 30.4% over September

Originally seen HERE.Research from the World Travel & Tourism Council (WTTC) reveals the U.S. travel & tourism sector could experience year-over-year (YOY) growth of 35.6% in 2021, significantly outpacing the year’s overall global tourism recovery. The outlook is even more rosy for 2022, with the travel sector in the U.S. expected to grow by another 28.4%, reaching nearly $2 Continue Reading about WTTC: U.S. travel sector rebounds in 2021, may surpass pre-pandemic levels in 2022

Originally seen HERE.Even though interest rates have ticked up slightly, now is a good time to be a hotel seller due to the limited number of properties available in the open market.  Most markets have not seen supply significantly outpace demand, but virtually all properties are still waiting for the return of business travelers and group business. Given all the uncertainties already Continue Reading about Why a successful hotel sale depends on preparation

Origninally seen HERE. Although November U.S. group meeting volume decreased 12.4 percent over October, this decline reflects normal seasonality trends for this time of year with less of a decrease than pre-pandemic trends, according to the latest data from Knowland.   The average number of attendees per event continues its strong performance, outpacing the same period in 2019 for Continue Reading about November U.S. meetings, events reflect normal trends