New Delhi hotels lead profitability recovery in Asia Pacific, US hotel profitability improves...

New Delhi hotels lead profitability recovery in Asia Pacific
Tuesday, 15th November 2022

Four key Asia Pacific hotel markets, led by New Delhi, surpassed their pre-pandemic levels in gross operating profit per available room.

U.S. hotel gross operating profit per available room improved from the month prior and exceeded the pre-pandemic comparable.

Additionally, the cost of labor per available room came in higher than the pre-pandemic comparable for the first time >>

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Mandarin Oriental Tianfu, Chengdu is due to open in 2028
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Ban Ki-Moon is the first keynote speaker announced for the WTTC's 22nd Global Summit in Saudi Arabia
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HIGHLIGHT ARTICLE

Here's How to Strengthen Your Book Direct Strategy
Tuesday, 15th November 2022

Data also shows that the only other hotel distribution channel forecast for growth is online travel platforms.

Tripadvisor's revenue in the third quarter of this year was up 51% year-over-year and exceeding Q3 of 2019 by $31 million. Expedia Group has also seen record profitability in Q3 of this year.

This news is very welcomed by hoteliers and it means that your book direct strategy is more important than ever, because every element of the user experience needs to be right in order for them to book directly with you >>

How can Developing World Cities Blend Resilience with Growth?
New and existing cities need to manage climate risks for fast-growing populations >>

In case you've missed it: Global eNewsletter of November 14, 2022
France bans domestic flights in a bid to reduce carbon emissions, Six Senses to open first Australian property and more >>