Ascott unveils new target to double fee revenue to over S$500m in next five years, Sabre retires Sabre Hotel RFP and more...

Ascott unveils new target to double fee revenue to over S$500m in next five years
Friday, 21st April 2023

Ascott also achieved a record net room growth of 20% in FY 2022, underpinned by its acquisition of Oakwood which added about 15,000 units to its portfolio, of which approximately 8,000 are operational units that contributed to its fee revenue.

In the last five years, Ascott has rapidly grown its operational units from more than 56,000 units in 2018 to over 95,000 units in 2022 >>

Inspiring Women in Hospitality, a platform to create a global community of women
21 Apr 2023 : Within this community Naureen Ahmed has launched the Inspire Programme, which will use mentoring and events to create stronger bonds and build a pipeline of future female leaders for the industry >>

Sabre retires Sabre Hotel RFP
21 Apr 2023 : In a further sign that the corporate RFP market for hotels is going through some major changes, Sabre informed its hotel customers that 'after careful consideration, the decision has been made to retire Sabre Hotel RFP on July 14, 2023' >>

Mohari Hospitality acquires Tao Group
21 Apr 2023 : With Tao Group joining Mohari's portfolio of investments, the companies look to create a global platform for the development and management of premium hospitality assets >>

Choice Hotels EMEA adds four Scandinavian hotels
21 Apr 2023 : Choice Hotels EMEA has added four boutique Scandinavian hotels to its upscale Ascend Hotel Collection portfolio, as part of an agreement between Nordic Choice Hotels and The Fortress Hotels >>

HIGHLIGHT ARTICLE

Profit Flow Through – Why Is It Vastly Superior to Department Profit?
Friday, 21st April 2023

Exclusive Feature: Are your Top-Line dollars flowing through to Your Bottom-Line dollars? Quite often, a crucial misconception for hotels is to focus on department profit instead of profit flow through.

What do I mean by that, you ask? >>

How the Rise of Blended Travel Is Changing Our Behaviors, Industry Offerings
Hybrid work has spawned a new trend – hybrid travel – as the line between work and leisure experiences continues to blur.

Blended (aka 'bleisure') travel that mixes work and play has been a trend long before the pandemic. But it’s become something else entirely as flexible work-from-anywhere policies have freed employees from being tethered to a desk and have opened them up to the possibility of performing their jobs from afar >>

In case you've missed it: Global eNewsletter of April 20, 2023
A temporary setback for hotel performance recovery in China, MO re-opens Como property and more >>