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Global Newsletter: April 19, 2021 4Hoteliers.com ~ Click title to read the article Monday, 19th April 2021
Hotel construction down around the world, except in Europe, Mumbai’s rapid hotel recovery faces headwinds and are you prepared for revenue management 2.0?.
Hotel construction down around the world, except in Europe Monday, 19th April 2021
Europe is the only world region showing increased hotel construction activity in comparison with the end of Q1 last year, according to March pipeline data from STR. The U.S. led the world in new hotel openings during Q1 2021, despite a year-over-year decline in construction activity >>
Mumbai’s rapid hotel recovery faces headwinds 19 Apr 2021 : Mumbai’s rapid hotel performance recovery is projected to return to more moderate levels, according to a recent market forecasts >> The Unbound Collection by Hyatt brand expands in China 18 Apr 2021 : Hyatt Hotels Corporations announced the opening of Commune by the Great Wall in the Yangqing District of Beijing, marking the sixth property in China for The Unbound Collection by Hyatt brand >> Accor transforms the guest experience 17 Apr 2021 : The 1st hotel in Northern Europe offering a 100% digital experience will open its doors, it is a big step forward for Accor, whose ambition is to offer a contactless guest journey throughout its network, with the use of the best of technology >>
Are You Prepared For Revenue Management 2.0? Monday, 19th April 2021
What the hotel industry experienced during the COVID-19 pandemic, first in China, then Europe and then the US, is that Revenue Management was one of the hardest hit disciplines in terms of furloughs and layoffs, both on-property and above-property at corporate offices.
There were many reasons for this, such as technology rapidly changing the hotel pricing function, so I canvassed hotel industry staff to find out how they are better collaborating and morphing into what I call - Revenue Management 2.0 >> How Live Experience Drives Fearless Guest Loyalty Picking up the pieces after last year is quite similar to Frankenstein putting his monster together and screaming 'It’s alive!' >> Mistakes New Hotel General Managers Make Hospitality has always offered challenges unique to the industry and while every job presents its own sets of issues, stepping into the field can be a shock to new general managers >> In case you've missed it: Global eNews of April 15, 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 >>
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