Travel Roundup: Hotels' Summer Low, Qantas Cancels Boeing, Riviera Holdings Delisted and More

Hotels will face low point in third quarter — PKF Hospitality Research estimated that hotel revenue per available room will reach its low point this summer and that while 2010 will be hard, it won’t have such rollercoaster lows as 2009. The “bottom” is tied to unemployment and the research group reported that 2010 will still have rising job losses. RevPAR is expected to decline 17.4 percent in 2009 and another 3.5 percent in 2010. [Source: CoStar]

Qantas cancels 15 Boeing’s Dreamliners — Qantas Airways Ltd. reported Friday it canceled orders for 15 Boeing 787s and delayed another 15 aircraft because of the economy. Qantas said it had reached a mutual agreement with Boeing Co. to defer the delivery of the Dreamliners by four years and cancel orders for 15 other Boeing 787-9s scheduled for delivery in 2014 and 2015. [Source: Associated Press]

Riviera Holdings delisted from NYSE — Casino operator Riviera Holdings Corp. reported that it has been delisted from the New York Stock Exchange and its common stock is no longer being traded as of Thursday. NYSE Amex LLC sent a letter to the company saying Riviera did not meet listing standards because of its current financial condition. [Source: Boston Globe]

Southwest begins Sacramento-NYC flights Sunday — Southwest Airlines begins flights between Sacramento and New York City Sunday. The new route connects through Chicago. Southwest began offering discounted, online fares starting at $149 into LaGuardia in April. At the Sacramento airport, the annual number of passengers is expected to drop to its lowest level since 2004. [Source: Sacramento Bee]