Led by Asia-Pacific, global hotel industry makes monthly strides, who are the new guests? and the end of the expat.

Led by Asia-Pacific, global hotel industry makes monthly strides
Thursday, 27th August 2020

The global regions continue to accrue negative months of profitability, with Asia-Pacific the exception, after two consecutive months of positive gross operating profit per available room (GOPPAR).

And though global performance data is still well off from the year prior, there is room for celebration, with monthly strides being made in most key performance metrics >>

Hotels Recovery Guide India
27 Aug 2020 : Supported by strong international business demand, the software capital of India, Bengaluru, was amongst the fastest growing RevPAR markets in the country in 2019 >>

Medicinal cannabis company refocuses investments
27 Aug 2020 : Medicinal cannabis company Eco Equity has announced that it is pulling out of plans to advance into the tourism and dispensary sector in the Caribbean due to the disruption of the tourism and cruise ship industry >>

New travel, new travelers: Who are the new guests?
27 Aug 2020 : People may not be traveling internationally these days, and they may not be traveling for business, but they are traveling to take a break >>

HIGHLIGHT ARTICLE

The End of the Expat
Thursday, 27th August 2020

Ever wondered why the Middle East, Africa and parts of Asia are teeming with aging (mostly) European hoteliers whose careers started in the United States?

My word of advice? Just think before you act. Think of the family unit, think of your long-term career goals. Nothing wrong with spending 10 years in Thailand to save enough money to buy a great home back in Santa Barbara. If that is your goal.

But look at how much an expat costs the hotel owners as opposed to a “national”. Make that 3 times as much. And then some. How long do you think this will prevail?? >>

Post-Lockdown Lingo: 7 Words for a Return to Travel
We’ve learned a lot in recent months: We’ve discovered that we’ll never take hairdressers for granted, that teachers should probably be paid more than top-tier athletes and that we’ll never bake our own bread again now that shops are open >>

Right Location? That Depends...
The factors that determine the importance of hotel location differ according to regions in a city, and drawing on a Hong Kong case study, the researchers show that factors normally considered universally important when determining a location, such as traffic and transport, may not be as significant in some tourist destinations as in others >>

In case you've missed it: Global eNews of August 26, 2020
No mask could mean risk of penalties, Middle East hotel construction pipeline, IHG merger and a deep dive into wellness hospitality >>