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Global eNewsletter of August 11, 2022 4Hoteliers.com ~ Click title to read the article Thursday, 11th August 2022
Ennismore expands in New Zealand with four new hotel signings, the LGBTQ+ community is ready to travel and more...
Ennismore expands in New Zealand with four new hotel signings Thursday, 11th August 2022
In partnership with the CP Group, the signing will bring Hyde, JO&JOE and TRIBE hotels to New Zealand for the first time.
These new signings will join Ennismore’s expanding collective in the Pacific region, which already includes TRIBE Perth and SO/ Auckland, as well as SO/ Melbourne, Mondrian Gold Coast and 25hours Sydney set to open between 2023-25 >> Nobu expands its footprint in Asia Pacific 11 Aug 2022 : Nobu Hospitality announces the first Nobu Hotel, Restaurant, and Residences in Vietnam whilst exploring further development within Vietnam with its partners >> Rotana announces brand entry into Algeria 11 Aug 2022 : Rotana announced its foray into the Algerian market with Azure Rotana Resort & Spa, the resort in Algeria’s port city is set to open in March 2023 catering to diverse travellers >> The LGBTQ+ community is ready to travel 11 Aug 2022 : For many tourism destinations, the LGBTQ+ travel community is a solid and reliable market >> HIGHLIGHT ARTICLE
Hotel Revenue Forecasting: Definitions, Models, and Best Practices Thursday, 11th August 2022
As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions.
Going further, to completely flesh out your revenue management forecasting, you should also take competitor pricing and overall market performance into account. This will allow you more clarity and flexibility when it comes to setting your rates >>
Attracting New Kinds of Business Travellers Back in 2020, Bill Gates predicted that more than 50% of business travel and more than 30% of days worked in offices would go away permanently.
And according to this recent Forbes article, the amount of frequent business travelers who say they’ll never return to the road' has risen from 39% in October 2021 to 42% in February 2022.
Another stark area of concern when it comes to business travel is in relation to climate change and environmental impact >> In case you've missed it: Global eNewsletter of August 10, 2022 International tourism continues to show signs of a strong and steady recovery, carbon offsetting in tourism is no longer just fads and more >>
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