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Global Newsletter: April 15, 2021 4Hoteliers.com ~ Click title to read the article Thursday, 15th April 2021
Slow start for hotel transactions but market set to strengthen, Wyndham continues APAC growth and after a strong crisis response, Asia can build a fairer and greener future.
Slow start for hotel transactions but market set to strengthen Thursday, 15th April 2021
Total European hotel transaction volume fell by 69% in the year of the pandemic following a record high the previous year when €27.1bn-worth of hotel deals were struck.
Moving into 2021, we expect to see the full and substantial effects of the COVID-19 pandemic, with no ‘pre-pandemic’ acquisitions boosting the first half of the year, and then the effects of increasing distressed debt and opportunistic investors vying for footholds ahead of the anticipated European hotel market recovery >> Wyndham continues strong growth in Asia Pacific with accelerated expansion plan 15 Apr 2021 : With 180 hotel openings expected in 2021 alongside its robust Asia Pacific development pipeline, Wyndham Hotels & Resorts is helping to drive the hospitality industry forward into recovery >> Cora Cora Maldives selects IDeaS to maximise revenue 15 Apr 2021 : IDeaS announced today its partnership with Cora Cora Maldives to implement IDeaS G3 Revenue Management System (RMS) at the Maldives’ most anticipated new resort opening of 2021 >> Hyatt announces plans for Caption by Hyatt development 15 Apr 2021 : New Caption by Hyatt hotel in Memphis will encourage guests and locals to embrace self-expression in a space that will deliver on experience and connection >>
After a Strong Crisis Response, Asia Can Build a Fairer and Greener Future Thursday, 15th April 2021
In some Asia-Pacific countries, the unpleasant memory of the pandemic is receding; elsewhere, second or third waves of infections are raging. A recovery is underway, but the regional averages obscure wide differences within and across countries >>
Here's How to Get Your Customers to Say, 'I'll Be Back!' Many companies think they have to compare themselves to their competition, they want to know what the competition is doing that they are not and when they figure it out, you know what they do? They copy them >> From Vaccines to V-Shaped Recovery in Europe One year into the pandemic, Europe finds itself at another turning point. New waves of infection are hitting the continent, requiring new lockdowns, but, unlike last year, safe and effective vaccines are now available.
While the pace of vaccination is still slow, an end to the pandemic is in sight >> In case you've missed it: Global eNews of April 14, 2021 Marriott continues to push for enhanced contactless technology, collaboration to raise MICE safety standards and trends impacting corporate travel programs >>
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