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Global eNewsletter of November 29, 2021
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Monday, 29th November 2021
 

International travel spending expected to rise, taking a zero-based budgeting approach to 2022 and more...

International travel spending expected to rise
Monday, 29th November 2021

Travellers headed to secondary destinations and booking 'the great outdoors' in 2021 and eight out of 10 travellers will choose sustainable travel.

Following a 69.4% decline (2020), global international spending on travel is set to rise by 9.3% in 2021, and significantly by 93.8% in 2022 >>

Saudi Arabia and the UAE lead the Middle East hotel construction pipeline at Q3‘21
27 Nov 2021 : According to the Q3 trend report from Lodging Econometrics, at the end of the quarter, the hotel construction pipeline in the region stands at 545 projects/168,042 rooms >>

90% of Holiday Inn Brand Family in Europe committed to extensive transformation
28 Nov 2021 : IHG Hotels & Resorts is celebrating a significant milestone in the ongoing upgrade of two of its most recognisable brands, Holiday Inn and Holiday Inn Express >>

Swiss-Belhotel has robust plans for Vietnam
29 Nov 2021 : Continuing its journey after the 34th Anniversary celebrations, the brand reinforces its commitment to developing in the Asian markets specifically with a focus on Vietnam >>

Accor reaffirms its net-zero commitment
27 Nov 2021 : On November 3rd, Accor and the 13 other members of the Sustainable Hospitality Alliance announced a new Pathway to Net Positive Hospitality >>

HIGHLIGHT ARTICLE

Taking A Zero-based Budgeting Approach to 2022
Monday, 29th November 2021

As hotels start the budgeting process, one of the first steps to take is projecting out your hotel’s occupancy and average daily rate for the year ahead.

These can and often are guided by third-party market forecasts and we have found that up to 80% of a hotel’s performance is influenced by the market in which they operate. So clearly this is a good place to start. However, in these challenging times, how can you forecast based on historical reports? >>

Feedback Bribery
To what extent will a company go to try to get customer feedback? Is it a simple email request? Is it an incentive to fill out a survey? And, if there is an incentive, can that skew the results? >>

Sri Lanka: Asia’s next IT/ITES Destination
The majority of businesses today have acknowledged the inevitability of digital transformation in order to gain a competitive edge in the expanding global markets >>

How Demand for Fresh Food is Squeezing Cold Storage Space
People turning to online grocery shopping is pushing up demand for refrigerated warehouses, which are in increasingly short supply in countries around the world >>

In case you've missed it: Global eNews of November 26, 2021
Artyzen Hospitality Group sees Shanghai as the launch pad, data-driven pricing & distribution strategies and more >>

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