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Hotels are selling credits and 'bonds' for future discounted travel in order to stay afloat during coronavirus shutdowns

Business Insider Logo By insider@insider.com (Melissa Wiley) of Business Insider | Slide 1 of 5: Hotels around the globe are experiencing unprecedented declines in occupancy due to lockdowns and stay-at-home orders meant to curb the spread of the coronavirus.Thanks to three new initiatives — "Buy Now, Stay Later," "Hotel Credits," and "We Travel Forward" — travelers can purchase bonds and credits to support hotels during the coronavirus outbreak and redeem them in the future for up to $100 more than what they paid. Through Hotel Credits and "Buy One Give One," travelers can also gift future travel to frontline workers when booking offers now.Here's a look how each program works and what types of hotels are involved.Do you work in the hotel industry? Do you have an opinion about how your company or the industry as a whole has handled the coronavirus? Email this reporter at mwiley@businessinsider.com.Visit Business Insider's homepage for more stories.Read the original article on Business Insider

Hotels are selling credits and 'bonds' for future discounted travel in order to stay afloat during coronavirus shutdowns

Read the original article on Business Insider
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