Hong Kong instability results in major job losses, W signed for Cairo, the challenge of work-life balance for hoteliers and is Black Friday worth it?.

Hong Kong instability results in major job losses
Tuesday, 17th December 2019

A result of the 6-month long political instability and civil unrest in Hong Kong, there is expected to be a loss in international visitor spending of $8.4 billion USD, while the full year figure for 2019 is expected to be 16% below 2018 levels.

Notably, Travel & Tourism employment, both directly and through the supply chain could expect to see a loss of up to 90,000 jobs. This represents a loss of 15% from current levels of Travel & Tourism employment in the city >>

Marriott signs a W Hotel in Cairo, Egypt
17 Dec 2019 : Marriott International announced it has entered into an agreement with Landmark Sabbour to bring the W Brand’s bold design, signature Whatever/Whenever® service and innovative programming to Cairo, underscoring the growing demand for luxury in Egypt >>

Luxury Hotels: Elevated occupancy and expenses
17 Dec 2019 : Despite the relatively high cost of construction and complexity of operations, developers are still attracted to owning and managing luxury hotels >>

Myanma Tourism Bank to start fund to promote tourism
17 Dec 2019 : Myanmar-based Myanma Tourism Bank has announced its intent to channel 5% of its earnings into a tourism fund to promote Myanmar’s tourism sector >>

HIGHLIGHT ARTICLE

Is Black Friday Worth It? We Take An In-Depth Look
Tuesday, 17th December 2019

It’s obvious that Black Friday, whether we like it or not, is a very important date for sales and a great opportunity to boost your hotel sales and prioritise your direct channel. You don’t get many opportunities like this and you should really make the most of them.

Doing nothing is no longer an option, for the simple reason that all of your competitors, all the other hotels and the OTAs, will be taking part, meaning that there’s a risk that you could lose sales to others who are more active than you >>

The Challenge of Work-Life Balance for Hoteliers
Work-life balance is often described as a signature millennial demand: Millennials, who will comprise 75% of the Australian workforce by 2025, have made it clear that they don’t want to wear themselves out chasing a dream of retirement, they want to live, and they want to live now >>

Career 2020: Advice for Up-And-Coming Hospitality Players
Being an expert in a particular field can be helpful, but at the very top of an organisation this can be a liability. It’s important to learn to delegate well, involving yourself in a deep dive to course-correct and redirect only when needed. Keep your eye on the big picture and avoid being drawn into one particular area or issue >>

In case you've missed it: Global eNews of December 16, 2019
Tourism world’s third largest export category, Fairmont planned for Windsor, online travel's 'Perfect Storm' and metasearch must be part of your marketing mix >>