Road to robust travel recovery: APAC hotel occupancy rose above pre-pandemic levels in Q1 2023, Sub-Saharan Africa outlook and more...

Road to robust travel recovery: APAC hotel occupancy rose above pre-pandemic levels in Q1 2023
Friday, 12th May 2023

Travel across the Asia Pacific region (APAC) is well on its way to recovery, with growing travel demand across all markets as the industry approaches the second half of the year.

Data from Amadeus’ Demand360® shows that in the first quarter of 2023 (January-March), the region saw a hotel occupancy growth trajectory of 61.7%, surpassing 2019 levels by 3%, thanks to the recent reopening of Greater China's border >>

Sub-Saharan Africa regional economic outlook: The big funding squeeze
12 May 2023 : Growth in sub-Saharan Africa (SSA) is expected to slow to as a 'big funding squeeze', tied to the drying up of aid and access to private finance, hits the region and this is the second consecutive year of an aggregate decline in SSA growth >>

The Hoxton opens in Berlin
12 May 2023 : The Hoxton has swung open its doors in West Berlin’s effortlessly chic Charlottenburg neighbourhood, marking the brand’s German debut in inimitable style >>

Singapore launches on-screen fund to inspire travel to Singapore through TV series and films
12 May 2023 : Joint fund aims to spotlight destination Singapore and raise local media industry capabilities through collaborations with global media and entertainment companies >>

HIGHLIGHT ARTICLE

Europe, And the World, Should Use Green Subsidies Cooperatively
Friday, 12th May 2023

Governments across the world are using subsidies to support the green transition, green subsidies can be helpful where there are market failures.

When carbon emissions are underpriced in relation to their true cost to society or preferable policy solutions (such as carbon pricing) are not in place, subsidies can steer businesses and consumers towards clean technologies that are less polluting while also lowering the costs of those technologies. But subsidies should be carefully targeted >>

How to Break the Rules and Delight Customers
There is a massive benefit to empowering employees to 'break the rules' for their customers.

And what I mean by 'breaking the rules' is to consider what you can do for a customer outside of the norm that doesn’t cost the company money, isn’t illegal or immoral, and won’t hurt 'business as usual' >>

In case you've missed it: Global eNewsletter of May 11, 2023
Private equity steps up its interest in hotel assets, Marriott to include resort fees in prices and more >>