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Global eNewsletter of June 15, 2022 4Hoteliers.com ~ Click title to read the article Wednesday, 15th June 2022
Choice Hotels International, Inc and Radisson Hotel Group announced that Choice Hotels has entered into a definitive agreement to acquire the franchise business, operations and intellectual property of Radisson Hotel Group Americas for approximately $675 million >> MO plans the Group’s first alpine resort 15 Jun 2022 : Mandarin Oriental Hotel Group has signed a long term management agreement with Attestor Limited to rebrand and manage the historic Hotel Cristallo in Cortina d’Ampezzo, Italy >> Frasers Property makes buyout offer for Hospitality Trust 15 Jun 2022 : Comprising 14 hotels and serviced residences across Asia, Australia and Europe, FHT’s portfolio is currently valued at S$2 billion and includes the 406-room InterContinental hotel at Singapore’s Bugis Junction and a 380-unit Novotel in Melbourne, Australia >> Thailand’s listed CPN Group is set to inject capital into 37 new hotels across Thailand 15 Jun 2022 : CPN’s reported strategy is to include hotel components in every new mixed-use retail project across the country >> HIGHLIGHT ARTICLE
Ancillary Revenue Opportunities – Only Our Imagination Limits Us! Wednesday, 15th June 2022
Ancillary revenue, which includes all non-room revenue opportunities, was often overlooked by hoteliers until the pandemic struck.
When room revenue became negligible during the peak of the pandemic, many hoteliers began to look beyond traditional room revenue and explored the opportunity that exists in ancillary revenue by finding creative ways to use their assets.
Food delivery, DIY signature meals, laundry, and housekeeping, are some of the more popular forays into which hotel companies have ventured to survive the difficult times and grow their topline >> Shareholder and Government Pressure to Drive ESG Change at Asia Pacific Hotels Hotel owners and operators in the world are now adapting their business strategies to include ESG factors >> In case you've missed it: Global eNewsletter of June 14, 2022 Rosewood to manage the legendary Hotel Bauer in Venice, Italy, APAC real estate market remains 'resilient' and more >>
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