The Greater Bay Area – underrated tourism source market region, Ascott achieves over 40% y-o-y unit growth and changes to hotel leases in select markets in Asia-Pacific and Europe.

The Greater Bay Area – underrated tourism source market region
Thursday, 22nd July 2021

A strong focus for deeper development is the Greater Bay Area, which includes Hong Kong SAR, Macau SAR, and the nine cities in Guangdong province.

The total area is around 56 000 km², the total population is more than 85 million persons and last year the GDP reached 1,669 billion USD. The GBA was responsible for 15% of all Chinese outbound tourism in 2019 >>

Approved vaccine inconsistency could delay a restart
22 Jul 2021 : The restart of international travel could be seriously delayed without worldwide reciprocal recognition of all approved COVID-19 vaccines, warning comes as tourists are blocked at the borders >>

Ascott achieves over 40% y-o-y unit growth globally
22 Jul 2021 : The Ascott Limited has secured over 8,300 units across more than 30 properties in the first seven months of 2021, achieving over 40% year-on-year (y-o-y) growth compared to the same period in 2020 >>

World's Best Airlines for 2021
22 Jul 2021 : AirlineRatings, the safety, product and COVID rating website has announced Qatar Airways as its Airline of the Year for 2021 >>

HIGHLIGHT ARTICLE

Changes to Hotel Leases in Select Markets in Asia-Pacific and Europe During COVID-19
Thursday, 22nd July 2021

Part 1: Overview of Key Aspects in Hotel Leases: With few exceptions, hotel operators are reluctant to enter into lease agreements and need to carefully evaluate the risks and benefits.

Considering COVID-19, many assumptions driving the rationale in structuring a lease for an operator have been called into question >>

Return To Market: Planning 90 Days Out
As hotels around the world reopen their doors and ramp up their revenue strategy, we take a look at the tactics you should be considering 90, 60, and 30 days out >>

Seizing the Opportunity for a Pro-Growth, Post-Pandemic World
Since March 2020, governments have spent $16 trillion providing fiscal support amid the pandemic, and global central banks have increased their balance sheets by a combined $7.5 trillion >>

Global Newsletter of July 21, 2021
Rebooting inbound tourism in India, digital transformation turbo charged and things that everyone in the business travel industry should be monitoring >>