Lisbon hotels enjoy strong performance post-pandemic as city's popularity grows, The Lux Collective signs first Southeast Asia HMA and more...

Lisbon hotels enjoy strong performance post-pandemic as city's popularity grows
Tuesday, 11th October 2022

With nearly 2,500 new hotel rooms due to open over the next 18 months, the Portuguese capital of Lisbon will continue to attract keen interest from investors as the popularity of the city grows.

Strong demand levels for Lisbon since April 2022 have helped the city’s hotels recover from their pandemic-induced decline with RevPAR levels now starting to outperform 2019 >>

The Lux Collective signs first Southeast Asia HMA
11 Oct 2022 : Global hospitality group The Lux Collective and P Q Hai Quoc Joint Stock Company have signed a hotel management agreement to build a luxury overwater resort under the LUX* Resorts & Hotels brand on the island of Phu Quoc, Vietnam >>

La Vie grows its presence in Victoria with partnership deal
11 Oct 2022 : La Vie Hotels & Resorts is proud to announce a multi-partnership deal with Amber Property Group, to manage its Melbourne hotels >>

Mad Monkey Hostels launches the Mad Monkey experience
11 Oct 2022 : Mad Monkey, a Southeast Asia-based hostel operator has launched the Mad Monkey Experience App and Loyalty Program, the app is available to both iOS and Android users in their respective app stores >>

Traveloka secures financing from INA and other investors
5 Oct 2022 : Traveloka has secured a financing facility of $300 million from Indonesia Investment Authority, BlackRock, Allianz Global Investors, Orion Capital Asia, and other leading global financial institutions >>

HIGHLIGHT ARTICLE

10 Career Insights After Studying Hospitality Management
Tuesday, 11th October 2022

The hospitality industry is facing a dramatic labor shortage and after the pandemic, many employees have decided not to return to work, and as a consequence, hotels are struggling to find and attract candidates.

This problem is however not new because the industry has always been associated with difficult conditions: long hours, work-life conflict and stress.

Even among hospitality management students, many of them will work in other industries and choose non-hospitality occupations >>

Wage-Price Spiral Risks Appear Contained Despite High Inflation
Inflation in some economies is rising at the fastest pace in four decades, while tight labor markets have boosted pay gains, analysis suggests a sustained acceleration of wages and prices is unlikely >>

In case you've missed it: Global eNewsletter of October 10, 2022
Seoul welcomes the city’s first Mgallery hotel, Wyndham adds property in Hua Hin and more >>