Pandemic to prompt rise in hotel insolvencies, Rotana announces its 35th property in the UAE and the world’s biggest free trade agreement will be good for Phuket.

Pandemic to prompt rise in hotel insolvencies
Monday, 30th November 2020

Since the outbreak of the COVID-19 pandemic, there have been relatively few insolvency situations in the UK’s hotel sector. However, most of the speakers expected this to increase next year, while a poll of the 400+ executive delegates revealed that 77% expected levels of insolvencies to start rising in Q2-Q3 2021 >>

MO announces agreement to manage hotel in Riyadh
30 Nov 2020 : The Group will take over the management of the Al Faisaliah Hotel in Q1, 2021, while the hotel is undergoing an extensive guestroom and public area renovation which will be completed at the end of 2021, after which it will be rebranded Mandarin Oriental Al Faisaliah, Riyadh >>

News from around the APAC region
30 Nov 2020 : Hotel industry and travel news from around the Asia Pacific region: Iris Capital snaps up Accor Ibis hotel portfolio, Victoria's tourism package and more >>

IHG debuts Crowne Plaza brand in Hungary’s capital city
29 Nov 2020 : InterContinental Hotels Group has signed a management agreement with Granit Polus Group for a compelling property to be re-branded to Crowne Plaza Budapest in 2021 >>

Rotana announces its 35th property in the UAE
28 Nov 2020 : In the presence of His Highness Sheikh Ahmed Bin Mana bin Khalifa al Maktoum, Al Jaddaf Rotana Suite Hotel Dubai was officially inaugurated, further cementing the group’s expanding footprint and commitment to the region’s thriving hospitality sector >>

HIGHLIGHT ARTICLE

Phuket Can Reap Huge Rewards from the World’s Biggest Free Trade Agreement
Monday, 30th November 2020

Bigger than either the European Union or the US-Mexico-Canada Agreement, the deal embraces practically one-third of the global population and accounts for almost 30% of worldwide GDP.

With India scheduled to join within the first year, the total population covered by the agreement will climb to 3.5 billion and the percentage of global GDP will rise to 40%.

And the tropical paradise island, Phuket, sits like a tiny geographic bull’s eye; dead-centre of the most exciting Asian advance in recent memory >>

Collaboration: The Key to Reviving the Indian Hospitality Sector
The post-COVID world looks significantly different from what we have been used to, but one surprising change has been the unprecedented collaborations between companies that have been competing with each other for several decades but are now working together to combat and survive the uncertainties of the crisis >>

How to Select a Crisis Management Consultant
Choose the right crisis management consultant with this advice from an expert: This is a self-serving blog post that’s going to save you a lot of time, cost and heartache >>

In case you've missed it: Global eNews of November 27, 2020
UK slashes quarantine to five days, Singapore looks ahead to the future of travel, Middle East hotel pipeline continues to decline and how to select a crisis management consultant >>