Many hotel sellers won big in 2018, world’s first voco opens, time to set your digital marketing resolutions for 2019 and distribution costs tracking.

Many hotel sellers won big in 2018
Friday, 18th January 2019

On average, hotel prices increased significantly in 2018, as a strong pool of buyers with favorable outlooks kept downward pressure on cap rates.

A strong bidding environment for hotels, particularly those in markets where barriers to entry were high and PIPs had already been completed, kept prices strong, resulting in some big wins for hotel sellers that purchased their hotels at the right time during the last downturn >>

World’s first voco opens on Australia’s Surfers Paradise
18 Jan 2019 : IHG has opened the first hotel globally just five months after it was launched. Owned by Australian property investment firm SB&G Group and located on the shores of the Gold Coast, voco™ Gold Coast is now open >>

Submissions invited for PATA Face of the Future 2019
18 Jan 2019 : PATA is a not-for-profit membership association that acts as a catalyst for the responsible development of travel and tourism to, from and within the Asia Pacific region >>

SALA Hospitality Group implements sustainability initiatives across properties in Thailand
18 Jan 2019 : SALA Hospitality Group (SHG) is continually developing new environmental initiatives and procedures to minimise ecological impact at all of its seven luxury beach resorts and boutique accommodations across Thailand >>

HIGHLIGHT ARTICLE

Time to Set Your Digital Marketing Resolutions for 2019
Friday, 18th January 2019

It’s important to start 2019 with a strong foundation to your digital strategy and be able to incorporate new initiatives as the year goes on.

With new technology and digital innovations announced daily, it can seem overwhelming for hoteliers to stay on top of trends and work them into their own strategies.

With voice search and AI, omnichannel marketing, and the use of influencers on the rise, hoteliers have the opportunity to reach potential guests at more touchpoints than ever before >>

Distribution Costs Tracking: a Plea to Hotel PMS Providers
Understanding the cost of distribution is vital to the financial success of every hotel. For this we would need our systems to support us in registering and calculating such costs. Unfortunately many hotel Property Management Systems (PMS) have not yet evolved sufficiently in this area >>

Possessory Interests in Hotel Real Estate
What is a Possessory Interest? A possessory interest is created when a private-sector tenant is granted exclusive use of real property (land and/or building) that is owned by a tax-exempt entity, typically a municipality or a state or federal government agency and the right to occupy and use the land and/or building is usually conferred via a lease >>

How to be a Better Mentor to Your Managers and Staff
One tip we have repeatedly given to younger managers in the hospitality industry is to find a mentor and attach yourself to his or her side, however what we have not discussed, is how managers working their way up through the ranks can also become mentors to their own staff members >>