The pandemic, Brexit and ongoing supply issues have prompted key changes in the UK’s hotel sector, many of which are long-term, if not permanent.
Though the materialization of new coronavirus strains vex, it turns out, the more thrown our way, the better we now appear to cope.
The recent Covid crisis has highlighted the resilience of the hotel sector in France. An investment in a hotel (as in a boutique hotel) should also be regarded by investors as a “pleasure asset”. Whe.
"In the past, revenue management was referred to as "the art of turning away business". This definition became somewhat obsolete during times when there was no business to turn away.Instead, revenue management became "the art of uncovering opportunity"."
As COVID-19 restrictions have eased and vaccination rates have increased, so too, has interest in traveling abroad. As we highlight in our latest Travel Recovery Trend Report, bookings for many cities surged during the third quarter of the year, both globally and regionally.
It’s all Greek to me. The COVID-19 pandemic has so thoroughly dominated everyday life that we have all got an education in the Greek alphabet. From Alpha and Beta to Gamma and Delta, each new strain is a grim reminder of the coronavirus’ intractability.
Following on from our dive into the Q3 data for North America, Asia Pacific, and Latin America, we round out the series by looking at the EMEA region. What was the behavior of travelers in this varied and important market as it experienced its second summer of the pandemic? Here we examine five of the most noticeable trends found in our exclusive first-party data.
Even as the world continues to ease its COVID-19 restrictions, for those of us who are restaurant owners, suppliers, and hospitality staff, we are not expecting a return to “business as usual.” In fact, after 20 months of navigating government restrictions set to combat the virus, many of us in hospitality are beginning to reevaluate our business models altogether.
The cold hard truth is arriving with the chillier weather: global hotel performance has a ways to go before it's back to its former self.
On October 12th, leaders in the field of revenue management gathered in London at Leadership from Chaos, to discuss and debate the latest news and trends, and set the industry agenda on existing practices and future strategies.
"I tend to agree. A lot of people knock on the PMS as a legacy system and try to find other names for it. However I think the name is quite good. It says what it does quite well. But the idea that there's one system that manages everything is not practical and does not evolve well."
A lively Q&A session, moderated by HVS chairman Russell Kett, addressed factors likely to hamper recovery progress. ‘The challenge around financial forecasting particularly if you have London hotels, as well as the pace of the change – when will it come back and how will it come back,’ was a key issue for Arron Taggart of Cheyne Capital, with travel restrictions, lack of airlift and scarcity of MICE business highlighted by Jan-Willem Terlouw of Westmont Group.
