Transactions in Asia Pacific, Saudi Arabia's tourism drive, hotel asset managers explained and why beauty brands in China must come to love their social media nicknames.

Transactions in Asia Pacific: Market Snapshot: 2019
Wednesday, 13th November 2019

In 2018, transaction activity in Asia Pacific continued its strong momentum from 2017, indicating a 27% increase year-on-year, but from 4Q2018 to 3Q2019, activity has slowed down.

For some markets, the slowdown can be attributed to various factors including political instability, weakening market performance and a cautious macro economical outlook with uncertainties brought about by the China-United States trade war.

However, for other markets, interest remains strong and is curbed by limited investment opportunities and the mismatch in pricing expectations between investors and sellers >>

Saudi Arabia inaugurates UNESCO site for tourism
13 Nov 2019 : The seven square kilometer giga project will become one of Saudi Arabia's cultural and lifestyle destinations with places to gather, explore, shop, dine, live and work. Appealing to international tourists and local citizens seeking authentic and cultural experiences, the destination will celebrate the rich cultural history of Saudi Arabia >>

Four priorities for African aviation
13 Nov 2019 : The IATA called on governments and industry in Africa to focus on four priorities to allow aviation to drive economic and social development on the continent, enrich people's lives and enable the United Nations Sustainable Development Goals >>

Ovolo Group acquires Citadines Kuta Beach in Bali
13 Nov 2019 : Hong Kong-based hospitality owner-operator, Ovolo Group has announced the acquisition of the 194-key Citadines Kuta Beach for an undisclosed amount on 1 November 2019 >>

HIGHLIGHT ARTICLE

Hotel Asset Managers Explained
Wednesday, 13th November 2019

The changing face of travel opens up new horizons to the public and it allows hoteliers to create new types of guest experiences in both new and established markets. And it draws sharper lines between hotel ownership, branding, and management.

As the competition heats up, the way owners and operators work together has to become more focused. The basic reason for the partnership is clear – one party owns a property and the other knows how to deliver a hotel product – but it’s easy for the interests of owners and operators to fall out of alignment >>

Kissing Sticks and Jellypuffs: Why Beauty Brands in China Must Come to Love Their Social Media Nicknames
Known as the world’s largest shopping event, China’s annual shopping extravaganza Double 11 is drawing closer and at the heart of this ultra-competitive battleground for clicks and buys are beauty brands.

This year, even before the Double 11 officially starts, Estée Lauder’s Tmall has already sold over 520,000 bottles, RMB 1 billion worth of 'little brown bottle' in the pre-sale event. So, what is a 'little brown bottle,' you might ask? >>

Tips for a Successful Hotel Social Media Account
There are thousands of beautiful hotels. Instagram is oversaturated with stunning imagery that can make a gorgeous estate appear typical. You can put a lot of thought into a post that will be forgotten within seconds >>

In case you've missed it: Global eNews of November 12, 2019
Agoda enhances traveler experience, China to construct international sports destination, a smart approach to economic downturns for hotel chains and influencer marketing statistics >>