Asia Pacific 1H 2022 hotel investment up 33% year-on-year, Dubai hotels achieve profitability levels seven times higher than 2019 and more...

Asia Pacific 1H 2022 hotel investment up 33% year-on-year
Thursday, 14th July 2022

Recovery in Asia Pacific’s hotel sector continued to accelerate in 2022 with investment volumes for the first half of the year totaling close to US$7billion.

In total, there were 75 transactions in the first half of 2022, down 20.2% year-on-year and 33.0% on the first half of 2019 numbers.

However, the total number of rooms transacted during the first six months of 2022 was 19,822, representing an increase of 29.9% versus the first half of 2021 and 9.4% during the pre-pandemic period in 2019 >>

Today's consumer believes flexibility in working hours is just as important as a high salary
14 Jul 2022 : As competition for talent intensifies, a new study from Crowne Plaza Hotels & Resorts reveals that Millennial (65%) and Gen Z (59%) consumers are more inclined to work for a company that offers frequent travel or flexible (work + leisure) travel possibilities as a perk >>

IHG expands presence in Bangladesh
14 Jul 2022 : IHG® Hotels & Resorts has signed an agreement with Doreen Hotels & Resorts Limited, to open Crowne Plaza Dhaka Gulshan in Bangladesh by the end of 2022 >>

Dubai hotels achieve profitability levels seven times higher than 2019
14 Jul 2022 : Among key hotel markets in the Middle East, Dubai’s gross operating profit per available room (GOPPAR) came in seven times higher than the 2019 comparable >>

HIGHLIGHT ARTICLE

With Hotel Marketing Spend At An All Time High, How Can You Protect Your Investment?
Thursday, 14th July 2022

Studies show that travelers conduct an average of 33 searches and check 12 travel sites prior to booking, with online searches spanning two minutes to six hours. Research also indicates that this process can take 19 days or, for those content to take their time, up to 100 days.

Within an increasingly competitive marketplace, hotels of all types find themselves investing more and more of their marketing budget to drive traffic and direct bookings. But how can hotels protect that investment and maximize ROI? >>

Managing Remote Work
While remote work arrangements are not practical for every job or desired by every employer, when such arrangements are embraced and become embedded into company policy, employers need to ensure they are taking proper precautions >>

In case you've missed it: Global eNewsletter of July 13, 2022
US hotel profitability lower in May but above 2019 levels once again, Hotel Indigo opens urban retreat in Vienna and more >>