Global eNewsletter of August 08, 2022
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Monday, 8th August 2022

ICCA announces top performing destinations for international association meetings, European profits top 2019 levels and more...

ICCA announces top performing destinations for international association meetings
Monday, 8th August 2022

The International Congress and Convention Association (ICCA) is publicly releasing new information to shed more light on how the pandemic impacted the association meetings industry in 2021.

The DPI examines 8,000 international association meetings scheduled for 2021, based on six performance indicators and when combined, the indicators highlight how destinations have performed with regard to winning the original bid, COVID policies, adaptability, and technological capabilities to convert on-site events into virtual/hybrid events >>

European profits top 2019 levels, more on US and China
7 Aug 2022 : It’s been a rollercoaster ride, but Europe’s hotels are now back to pre-pandemic profit levels, with gross operating profit per available room (GOPPAR) hitting over €95 in June 2022, slightly higher than the same month in 2019 >>

Rosewood announces Rosewood Residences Beverly Hills
7 Aug 2022 : Rosewood continues to grow its portfolio of residences with the announcement of Rosewood Residences Beverly Hills, the brand’s first standalone residential condominium development in California >>

Virtuoso® is hosting its first-ever Travel Tech Summit
8 Aug 2022 : Virtuoso® launches its first-ever travel tech summit, bringing together big tech, venture capitalists and start-ups >>


Quantifying The Franchise Relationship During COVID-19
Monday, 8th August 2022

Facing such traumatic declines in profitability and insolvency, hotel owners reached out to their lenders, investors and vendors to gain some relief from their expense obligations.

Given the uncontrollable circumstances that caused the precipitous decline in performance, most of these related parties were sympathetic and provided some reprieve.

Among the compassionate partners that were sensitive to the plight of hotel owners in 2020 were the franchisors >>

Monkeypox: What, If Anything, Should Employers Do?
Given the recent trauma many employers experienced due to the COVID-19 pandemic, proactive employers are wondering what, if anything, they need to do about the monkeypox virus, which was recently declared a global health emergency >>

In case you've missed it: Global eNewsletter of August 05, 2022
Ascott signs over 7,500 units in 1H 2022, US hotel profitability reached 32-month high in June and more >>

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