Takeaways South East Asia Hotel Investor’s Summit, Latin America’s hotel construction pipeline, how hotels are going on a fitness kick and a bird’s eye view: What will OTA 4 look like?.

Takeaways South East Asia Hotel Investor’s Summit
Wednesday, 5th June 2019

The third edition of the South East Asia Hotel Investors’ Summit saw over 200 delegates interacting with hospitality industry leaders on a number of key issues, such as the role of the sharing economy, franchising, demand and supply outlook for 2019, and new distribution channels disrupting the industry.

Below are some key takeaways from the 2019 SEAHIS conference >>

Latin America’s hotel construction pipeline enters third year of a cyclical slowdown
5 Jun 2019 : In the recent Latin America hotel construction pipeline trend report, analysts state that the total construction pipeline stands at 717 projects/123,804 rooms, down 8% year-over-year (YOY) as it enters the third year of decline from its 2015-2016 peak >>

IHG boosts expansion of Kimpton in Greater China region
5 Jun 2019 : InterContinental Hotels Group and Empire Group announce the signing of a new Kimpton Hotel & Restaurant in Hong Kong today, as IHG expands the boutique luxury brand’s presence in Greater China >>

News from around the APAC region
5 Jun 2019 : Hotel industry and travel news from around the Asia Pacific region: Jetstar to commence flights connecting Seoul to Gold Coast, Dusit Thani plans billion dollar expansion, Frasers opens Capri by Fraser China Square and more >>

HIGHLIGHT ARTICLE

A Bird’s Eye View: What Will OTA 4.0 Look Like?
Wednesday, 5th June 2019

I guess if someone had been asked 20 years ago what an OTA 1.0 might look like, few people would have the answer – until Booking and Expedia did it in 1996 and Ctrip followed in 1999, and showed the way.

It’s a testament to these three that two decades on, they are still on top of their game and ruling the online travel industry which, according to Phocuswright, made up $638 billion of the $1.4 trillion gross travel bookings in 2018.

By any standard, it’s still a small share of the total market so there’s plenty of headroom for growth for the trio >>

Is Group Business the Missing Piece to Your Revenue Management Strategy?
Revenue management is often the least understood – but arguably the most integral – pillar of a hotel’s profit strategy and amid discussions of the guest experience, staff efficiency, and property management, hoteliers have to peel back the layers of their business to determine if their property is truly optimized from a financial perspective >>

How Hotels are Going on a Fitness Kick
Working out in a hotel is no longer a choice between a treadmill in a small gym, laps of the pool or a 7am yoga class and with health and fitness an engrained part of modern living, a growing number of hotel chains are making it easier than ever to squeeze in a workout when away from home >>

Vegetable Butchers Reflect Growing Trend
In the past, we have talked about the rise of vegetarianism throughout the world: In 2010 a study estimated that there were 76 million vegetarians in the world---about 22 percent of the world's population. More recently, in 2018, the British research firm Ipsos published their study estimating approximately 25 percent of the population is vegetarian or eats a mostly vegetarian diet >>

Automate Hotel Telephony to Improve the Customer Experience
With a resurgent economy, the American travel industry is booming: In 2018, domestic leisure travel increased by nearly two percent, for a total of more than 2 billion1 person-trips and approximately 80 million people visited from overseas, and collectively, travel to and within the United States generated $762 billion USD >>