US hotel profit stuck in neutral; rest of the world switches gears, Airbnb and Singapore sign MOU and why companies are still pursuing sustainability goals.

US hotel profit stuck in neutral; rest of the world switches gears
Wednesday, 28th October 2020

Bouncing back to profitability is proving a Sisyphean task for US hotels, while the rest of the world is having a slightly easier path.

For the seventh consecutive month, US hotels in September remained in negative GOP per available room territory. While Europe remained profit positive in September, but only slightly and Asia-Pacific remained steady in September >>

Airbnb Experiences and the Singapore Tourism Board signed MOU to co-promote
28 Oct 2020 : Airbnb Experiences and STB will jointly drive quality travel experiences in Singapore, as well as encourage Singapore tourism industry players to digitalise and pivot towards innovative hybrid business models >>

Radisson arrives at the black sea
28 Oct 2020 : Radisson Hotel Group is proud to announce the signing of the Radisson Hotel City Centre Odesa, Ukraine - the Group’s first property in the historic port city on the Black Sea >>

News from around the APAC region
28 Oct 2020 : Hotel industry and travel news from around the Asia Pacific region: Novotel Brisbane sold, Thailand-based Destination Capital set to acquire hotels and more >>

HIGHLIGHT ARTICLE

Why Companies Are Still Pursuing Sustainability Goals
Wednesday, 28th October 2020

At the onset of the pandemic, companies hit the pause button on sustainability initiatives to focus on their people's immediate health and wellness.

But they have since re-established momentum, driven by cost-saving opportunities and competitive advantages >>

Latest Trends in Hospitality for 2020 & 2021
Fundamentally it has been a completely different year from any other – many referring to a 'new normal' – bringing a plethora of contrasts to the industry when comparing hospitality to pre-covid times >>

BEFORE You Sign That (Nonbinding) Letter of Intent, Think About This!
One of the biggest mistakes owners and developers continue to make is negotiating a 'nonbinding' term sheet on various hotel arrangements, such as hotel franchise and hotel management agreements >>

The Importance of Metasearch Investment
Due to its position in the consumer funnel and unique targeting capabilities, metasearch has been one of the most successful channels we’ve seen during COVID-19 >>

In case you've missed it: Global eNews of October 27, 2020
Answering the desire for wellness in luxury travel, The Urban Collëctif, furlough management and ways to deal with COVID burnout >>