ASEAN Economic Outlook 2023, Canada hotel performance surpassed pre-pandemic levels and more...

ASEAN Economic Outlook 2023
Friday, 6th January 2023

The ASEAN region will remain one of the fastest-growing regions of the world in 2023 but economic growth will likely fall marginally from 2022.

The second half of the year will likely see conditions that are more conducive to organic growth as falling inflation provides central banks with greater rate flexibility. This should complement increasing economic activity in China and the region will remain attractive to foreign direct investment >>

RateGain acquires Adara
The acquisition will help organizations access the most-comprehensive travel-intent, pricing, and inventory data to achieve higher ROI >>

Plans to bring Waldorf Astoria to Admiralty Arch accelerate
6 Jan 2023 : Plans to convert Admiralty Arch, one of London’s most iconic historical landmarks, into a luxury hotel under the Waldorf Astoria brand are accelerating under new ownership with Reuben Brothers >>

IHG debuts voco brand in India
6 Jan 2023 : IHG Hotels & Resorts has announced the signing of a management agreement with Satyadeo Hospitality Private Limited to convert Corbet Aamond Spa & Resort into India’s first voco hotel >>

Canada hotel performance surpassed pre-pandemic levels
6 Jan 2023 : Canada’s hotel performance came in lower than the month prior but showed improved comparisons to 2019, according to STR’s November 2022 data >>

Sustainable Hospitality Alliance and the Global Sustainable Tourism Council partner
5 Jan 2023 : The Sustainable Hospitality Alliance and the Global Sustainable Tourism Council have formed a partnership to consolidate best practice in sustainable hospitality and tourism >>

HIGHLIGHT ARTICLE

Why Every Hotel Should Have an 'STR Strategy'?
Friday, 6th January 2023
By Max Starkov

PhocusWright recently reported that 45% of Short-Term Rentals (STR) users compare rentals with hotels.

There is a real 'booking war' going on between hotels and short-term rentals for every guest and every roomnight. To sway the travel consumers away from STR, focus on and promote features and amenities that STR properties lack. Here is a simple and inexpensive action plan not to lose guests to the STRs >>

Letter from the Skies: The Chinese Are Coming, So is AI on Steroids – Hello, 2023
Let’s welcome back Chinese travellers with empathy, and brace for the AI revolution to come >>

Can Trade Secret Laws Protect Algorithm-Based Intellectual Property?
How do you protect algorithm-based intellectual property when traditional protections, like patent protections and copyright, do not apply to abstract ideas? >>

In case you've missed it: Global eNews of January 05, 2023
Four Seasons opens its first adult-only luxury tented resort in the Americas, Smart hospitality market and more >>