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Global Newsletter: May 14, 2021
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Friday, 14th May 2021
 

Hotel sector has weathered the pandemic storm, but financing tough as lenders more cautious and is your hotel general manager not performing?.

Hotel sector has weathered the pandemic storm, but financing tough as lenders more cautious
Friday, 14th May 2021

Hotels have weathered the pandemic storm well with support from lenders, with a bounce-back of trade expected, although for some this may take three to four years to achieve

The market was currently experiencing a hiatus for traditional lenders whose approach to lending was more cautious.

While these lenders were expected to return once cash flows improved, financing was likely to become more diverse as alternative lenders tolerate a greater degree of risk, albeit at a higher cost to the borrower >>

IHG's avid hotels continues rapid growth
14 May 2021 : The avid hotels brand is growing with seven new cities, including three hotels in one of the fastest- growing states in the US – Texas >>

Newly launched Chapter & Verse reveals its first hotel
14 May 2021 : Chapter & Verse, a lifestyle brand, is excited to launch Chapter & Verse, Wuzhen as its first location in China >>

Dusit continues Middle East expansion with Kuwait
14 May 2021 : Dusit International has signed a hotel management agreement with Al Fajer International Holding Company, a Kuwait-based private real estate company, to operate the Dusit Princess Mahboula Kuwait – the first Dusit-branded hotel in the country >>

HIGHLIGHT ARTICLE

Is Your Hotel General Manager Not Performing?
Friday, 14th May 2021

Hoteliers have an affinity for promoting within, and because of this, properties are often managed by former departmental managers. This has always been the case, but even more so since the pandemic required general managers to fill multiple roles.

Being a hotel general manager is synonymous with flexibility and dexterity. It’s an enigmatic job. Think about it- they have to successfully manage everything from F&B to front desk operations. That’s no an easy feat >>

COVID-19 and Sleep
New data suggest that another side-effect of the pandemic is that many of us are having more difficulty falling asleep. Plus, when we finally do fall asleep, we're waking up more at night and/or having COVID-related or health-related dreams >>

In case you've missed it: Global eNews of May 13, 2021
Positive signs for a good summer, Emirates new premium economy seats and is tourism ready for the pent-up travel demand? >>

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