Global Hotel Alliance on track for record year in 2023, Minor to debut in Finland and more...

Global Hotel Alliance on track for record year in 2023
Monday, 30th October 2023

Global Hotel Alliance (GHA) is on track for a record year, with 2023 room revenues, room nights and total domestic and international stays year-to-date (YTD) all consistently higher than its previous best year, 2019.

Robust Q3 results are proving a major contributor to GHA’s 2023 gains, with hotel revenues 41% higher than in Q3 2022 and room nights up 31% year-on-year for Q3 >>

Minor to debut in Finland with NH Collection in Helsinki
29 Oct 2023 : Minor Hotels announces the upcoming launch of its first property in Finland – the five-star NH Collection Helsinki Grand Hansa – as part of its expansion plans in the region >>

International arrivals across Asia Pacific grew in 2022 and strengthened significantly in early 2023
30 Oct 2023 : After a series of annual contractions in international visitor arrivals in recent years, calendar year 2022 saw 44 destinations across the Asia Pacific region end with a collective annual gain of almost 124 million foreign arrivals >>

Japans' recovery accelerated during summer months
28 Oct 2023 : Even though room rates remained flat in comparison with 2019 during the first half of the year, Japan posted elevated ADR of JPY18k in July, that level was 127% of what was seen in the comparable month of 2019 >>

HIGHLIGHT ARTICLE

Is the Annual Budget Process Still a Necessary Evil for Hotels?
Monday, 30th October 2023

For hotels, the annual budget process is like a high-stakes poker game in which the owners keep their cards close to their chest and the operators try to guess what cards they’re holding and if they’re bluffing.

By the time everyone shows their hands and the year kicks in, the game has often changed significantly, and all bets are off.

Does it have to be this way? Today, more data than ever is available to enable operators to budget and forecast based on current conditions rather than rely on outdated projections. But will this serve the needs of owners? >>

Using Technology for Simple Meetings Success
In-person meetings and events are driving industry stabilization and the increasing volume is requiring new approaches >>

In case you've missed it: Global eNewsletter of October 27, 2023
Carnival ordered to pay covid related compensation, Hotel performance during Beyonce’s world tour and more >>