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Global eNewsletter of February 09, 2024 4Hoteliers.com ~ Click title to read the article Friday, 9th February 2024
Paris Summer Olympics: Three key trends to consider, Hilton partners with Small Luxury Hotels of the World and more...
Paris Summer Olympics: Three key trends to consider Friday, 9th February 2024
The impact of sporting events on hotel performance has been well-documented recently and now all eyes are on the Summer Olympics in Paris between 26 July-11 August 2024. This summer will mark exactly 100 years since the Summer Olympics were last held in France.
Utilizing Forward STAR data as well as forecast analysis from STR and Tourism Economics, there are three key trends developing with just six months before athletes, coaches, spectators and media converge on Paris for this 'mega-event' >>
Hilton partners with SLH to expand global luxury portfolio 8 Feb 2024 : Hilton and Small Luxury Hotels of the World announced an exclusive strategic partnership that will welcome Hilton guests to hundreds of independently minded luxury hotels in the most sought-after destinations around the world >> International travellers to Europe prioritise safe destinations and affordable prices in 2024 9 Feb 2024 : Anticipations for international travel in 2024 are predominantly optimistic in key long-haul markets for Europe, however, travellers display greater reluctance to visit Europe in the initial four months of the year >> Japan unveils plans for new digital nomad visa 9 Feb 2024 : Japan has released initial plans for its digital nomad visa, and how does it compare to what other countries offer? >> GOCO Hospitality and Singapore Temasek fund partner 9 Feb 2024 : GOCO Hospitality signs big deal with Temasek fund to take advantage of the growth opportunities in the health and wellness space >> HIGHLIGHT ARTICLE
Revenue Management Culture Friday, 9th February 2024
Despite applying revenue management principles to optimize RevPAR in this hospitality industry since the 1990’s there are only very select cases of successfully moving from RevPAR to TrevPAR (Total Revenue per Available Room) or even GOPPAR (Gross Operating Profit per Available Room).
The reason based on my 30 years’ experience as a revenue management specialist is the lack of a revenue management culture >> Optimizing Returns: A Holistic Financial Model for Off-Grid Glamping Ventures Glamping is becoming increasingly popular and may yield better financial returns than traditional hotel developments in some situations, especially in unspoiled locations which are inaccessible for traditional hotel/resort construction because it disturbs the site too much >> MythBusters: Tech Stack Edition It’s that time again, time for another set of hospitality industry myths to be BUSTED! >>
In case you've missed it: Global eNews of February 08, 2024 US hotel profitability gains led by full-service chains, major markets, Phuket brand conversions ramp up and more >>
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