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Global Newsletter: September 23, 2019 4Hoteliers.com ~ Click title to read the article Monday, 23rd September 2019
Hong Kong hotels show solid performance in H1, Airbnb signals ipo, the growth of micro hotels in North America and how many rooms is too many?.
Hong Kong hotels show solid performance in H1 Monday, 23rd September 2019
According to the latest Hotel Market View H1 Report, visitor arrivals to Hong Kong maintained strong momentum in H1 2019, rising to close to 35 million, an increase of almost 14% y-o-y.
The city’s sociopolitical unrest will severely affect hotel performance in H2 2019. Citywide Revenue per Available Room (RevPAR) could drop by more than 15% for full-year 2019 >> Airbnb signals to become a publicly-traded company 23 Sep 2019 : Airbnb, Inc announced last week that it expects to become a publicly-traded company during 2020 >> Red Planet Hotels expands in Japan and starts in Sapporo 21 Sep 2019 : Red Planet opened its second hotel in Sapporo, the 212-room Red Planet Sapporo Susukino Central, the hotel is a short walk to the Sapporo Clock Tower, Sapporo TV Tower, and scenic Nakajima Park >>
How Many Rooms Is Too Many? Per-capita Demand and the Hotel Cycle Monday, 23rd September 2019
Why should consumer demand for hotel rooms be any different than for business investment or washers or dryers?
Certainly, RevPAR has slowed, and occupancy looks choppy thus far in 2019. Is pent-up demand, or, to use the hotel consulting phraseology, unaccommodated demand, all but gone from the hotel space? Are we now standing on the precipice of the inevitable downturn? To make sense of it all, it helps to look past the more common indicators at some less-traditional data points >> Occupancy Data is Shaping the Future of Workplace Planning Technology and social changes have been radically transforming workplaces for decades, but the rise in mobility and the 'liquid workforce' has completely reimagined spaces and ways where we work and how we work >> The Growth of Micro Hotels in North America The pod hotel concept that originated in Japan in the 1970s has evolved and become one of the latest innovative trends in hotel development and design >> Management Tips for a Gender-Diverse Workforce When one looks at the state of the global travel industry today (strong) and projections for the future (even stronger), one sees that cultures and languages are being exchanged at record rates >> In case you've missed it: Global eNews September 20, 2019 MO signs property in Nanjing, Marriott and Expedia Partner on Rates, a new way forward in the OTA-hotel relationship, PR crisis in China and managing RevPAR for profits >>
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