HK tourism reveal post-strategy, Hyatt starts layoffs, hoteliers look to balance sustainability, profitability and temporarily closed hotels when to reopen?.

HK tourism reveal post-strategy
Wednesday, 13th May 2020

Tourism chiefs in Hong Kong are using the downturn in the travel industry to 'review and rethink' the city’s positioning as a global destination with trends such as wellness-themed trips and health emerging as the world looks beyond the Covid-19 pandemic.

A web conference organised by Hong Kong Tourism Board also heard that 'ethnic Asian visitors' are expected to be the first to visit the city once travel restrictions are eased when health chiefs give an all-clear. There will also be more competition between destinations across the region >>

Hyatt starts laying off corporate teams
12 May 2020 : Due to the global drop in travel demand and the expected slow pace of recovery, Hyatt has started to implement layoffs and restructure roles across its global corporate personnel >>

Surge in US investors seeking Thai residence
13 May 2020 : Thailand's sought-after Thailand Residence Program has seen a significant increase in applications from US citizens since the start of the year and the outbreak of the COVID-19 pandemic >>

Melia Hotels presents 'Stay Safe with Melia'
13 May 2020 : Bureau Veritas, a company leader in inspection, certification and testing, will audit the Meliá Hotels International system with regard to the management of preventative measures to combat COVID-19 in its hotels >>

HIGHLIGHT ARTICLE

Hoteliers Look to Balance Sustainability, Profitability
Wednesday, 13th May 2020

Hotels that have shifted to more sustainable business models have seen increased revenue and better guest reviews. Here's how to balance sustainability with profitability to achieve more success. Natural elements will help the environment and encourage green changes throughout the hospitality industry >>

Temporarily Closed Due to COVID-19: When to Reopen?
With the advent of the COVID-19 pandemic in the US in early to mid-March 2020, hotel owners and managers watched demand for their rooms suddenly evaporate and since then, tough decisions have been made regarding whether to remain open or temporarily suspend operations >>

Bridging the Gap: How Warranty and Indemnity Insurance Can Facilitate Your Next Hotel Transaction
Warranty and indemnity (W&I) has become a more common feature in hospitality real estate transactions in recent years and W&I will become a more standard feature in the hospitality industry, given its attractiveness on high profile hotel and resort transactions >>

In case you've missed it: Global eNews of May 12, 2020
Europe’s hotel demand trends, Hong Kong Heritage hotels are taking the lead, will ancillary revenues become primary revenues and design-build: what hotel owners should consider >>