Novotel celebrates its 50th hotel opening in Greater China, first Hyatt House hotel in Australia and more...

Novotel celebrates its 50th hotel opening in Greater China
Monday, 25th September 2023

Novotel Xi’an Aden is the fifth Novotel in Xi’an, with more than 20 Novotel hotels in the Yangtze River Delta region. Accor currently has over 50 additional Novotel hotels in development across Greater China, which will effectively double the brand’s presence in the country by 2030 >>

CapitaLand Ascott Trust completes divestment of four properties in France
25 Sep 2023 : CapitaLand Ascott Trust (CLAS) has completed the divestment of four mature serviced residences in regional France to an unrelated third party for a total of EUR44.4 million (S$64.7 million) >>

Hyatt announces plans for first Hyatt House hotel in Australia
25 Sep 2023 : Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into an agreement with an affiliate of Holder East Ltd for a Hyatt House hotel in Melbourne, Australia >>

Progress on EU-wide short-term rental rules
25 Sep 2023 : Airbnb has welcomed progress towards EU-wide short-term rental rules, as EU policymakers voted in favor of proposals to make hosting rules more simple and proportionate across the bloc >>

MICE market to grow by USD167b till 2027
25 Sep 2023 : The meetings, incentives, conventions, and exhibitions (mice) market is estimated to grow by USD 167 billion from 2022 to 2027, growing at a CAGR of 9.2% >>

HIGHLIGHT ARTICLE

The Importance of Pickup and Pace in Hotel Revenue Management
Monday, 25th September 2023

What was the pickup yesterday? It’s a key business question that you, as a revenue manager, are likely to ask each morning as you start your day.

Booking pace and pickup are crucial starting points that revenue professionals in the hospitality industry monitor to ensure they are selling the right room, to the right guest, at the right time, and at the right price.

Setting the right price might be the cornerstone of revenue management, but how you arrive at that decision requires some context >>

What Every Executive Needs to Know About AI
As they develop their AI strategies, companies across industries already are making big moves, experimenting with intelligent agents, partnerships, and products >>

In case you've missed it: Global eNews of September 22, 2022
'Overtourism' in Asia Pacific, Thailand grants visa exemption to Chinese and Kazakhstani and more >>