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Global Newsletter: October 12, 2020 4Hoteliers.com ~ Click title to read the article Monday, 12th October 2020
Jumeirah creates FoodieKiDS, India travel market will reach $56B soon, COVID uncovered gaps in your travel risk programs and social awareness at companies is on the rise.
Jumeirah creates FoodieKiDS Monday, 12th October 2020
According to the study, 77% of parents think that hotels need to provide more healthy options on kids' menus.
Meanwhile, 79% said that an attractive, varied and healthy menu for children would enhance their experience and give them peace of mind that even on holiday, they are making the right food choices >> Hong Kong Tourism Board launches a standardised hygiene protocol to assure visitors 12 Oct 2020 : Hong Kong has led the way in raising levels of hygiene and safety since the COVID-19 outbreak first began with the public sector, citizens, and businesses working tirelessly together to promote social distancing, mandatory face masks, regular hand sanitising, and temperature checks >> Travel services market in India to reach $56B by 2024 10 Oct 2020 : Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities >> IHG brings Hotel Indigo to the Sultanate of Oman 10 Oct 2020 : The company reaffirms industry confidence with brand debut in Oman and an upcoming opening in the UAE >>
HIGHLIGHT ARTICLE
Travel Buyers: Has COVID Uncovered Gaps in your Travel Risk Program? Monday, 12th October 2020
Risk mitigation needs to be a constant, and evolving process – not just during this pandemic, but beyond too.
In this time of change, stay nimble, flexible and be open to change. Be like a sponge and take in all resources available to learn. And don’t be afraid to admit what you don’t know, and to ask others for help >> Finding Balance: COVID’s Impact in Real Time The recession was also largely driven by people voluntarily refraining from social interactions as they feared contracting the virus. Therefore, lifting lockdowns is unlikely to lead to a decisive and sustained economic boost if infections are still elevated, as voluntary social distancing will likely persist >> DCF is the Most Appropriate Method of Hotel Valuations, Especially During the COVID Era In a market like India, where land most often than not is mis-appropriately valued resulting in exaggerated project costs and hotel transactions are limited in number, the only viable methodology that remains relevant especially in the current uncertain & volatile market scenario is that of Discounted Cash Flows (DCF) >> Why Social Awareness at Companies is on the Rise Real estate businesses have steadily taken steps to propel environmental, social and governance (ESG) initiatives up the corporate agenda in recent years, but is it here to stay? >>
In case you've missed it: Global eNews of October 09, 2020 Rate parity and last room availability disappeared, world's coolest neighbourhoods, the fundamentals of a successful revenue management and marketing collaboration >>
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