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Global Newsletter: April 22, 2020 4Hoteliers.com ~ Click title to read the article Wednesday, 22nd April 2020
Same-day bookings dominate demand, regional travel key to Asian recovery, the great lockdown, online gaming growth and travel beyond COVID-19.
Same-day bookings dominate demand With unprecedented market conditions, COVID-19 has spurred dramatic shifts in travel trends. Recent changes to user behavior include declining demand across major metropolitan areas, early signs of recovery in China, as well as notable shifts in demand across booking windows.
With recent updates to hoteliers’ cancellation policies and volatility due to travel bans and stay-at-home orders, extremely short booking windows dominate the remaining demand >> Regional travel key to Asian recovery 22 Apr 2020 : In this week’s first podcast, David and Catherine are joined by Dillip Rajakarier, Group CEO of Minor International and CEO of Minor Hotels >> Cancelled: Oktoberfest 2020 cannot take place 22 Apr 2020 : In a joint declaration, Bavaria's Minister-President Markus Söder and Munich's Lord Mayor Dieter Reiter decided: The risk for the people is too high to let the Wiesn 2020 take place >> Growing adoption of online gaming in lockdown conditions 22 Apr 2020 : Lockdowns and social distancing has provided industries such as retail, which may be traditional or online, healthcare as well as media and entertainment with increased demand. The gaming sector has seen a radical spike in player figures across the globe growing at a CAGR of more than 10% >> Hong Kong recovery strategy could prove to be a success 21 Apr 2020 : Following the recent news that Hong Kong tourism chief has stated that tourism will be returning back to normality in July and the destination will be focusing on attracting mainland visitors and new markets >>
HIGHLIGHT ARTICLE
Travel Beyond COVID-19 Wednesday, 22nd April 2020
At the end of the day, tourism is a people-centric industry that relies heavily on the human touch and at every point of the journey, travellers connect with staff.
Humans are resilient creatures with a desire to travel. With more than 2 billion currently in lockdown across the globe, looking forward to the future is top of mind for everyone >> Worst Economic Downturn Since the Great Depression Multilateral cooperation is vital to the health of the global recovery. To support needed spending in developing countries, bilateral creditors and international financial institutions should provide concessional financing, grants, and debt relief >> Pandemic Likely to Cause 'Radical Shifts' The pandemic will subside over time, and people will plan to travel again. That would be the time that you "need to hit the ground running" with the objective to maximize revenue before and after travel demand picks-up. For the time being, it is a must to keep loyal guests, and new potential customers, engaged at all times >>
In case you've missed it: Global eNews of April 21, 2020 Compensation impact on taking government money, industry is joining forces in India, why investing in a hotel’s online reputation matters now and prepare for business after COVID-19 >>
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