The current Pandemic is behaving whimsically with different people! Himmat Anand, a hotel owner friend has been sticking to his promise of reopening his Tree of Life resorts one after the other. He is also opening new resorts in a couple of locations in the portfolio of his second brand of hotels - A Dog's Story.
Among all the many peculiarities of the hotel industry, the hotel management contract is likely the most unique. A binding contract between owners and operators, it has evolved over almost six decades.
As we all know, the COVID-19 pandemic has severely affected the world economy. No industry can escape the disruption of COVID-19, hotel sector being the most and deeply affected. Many hotels are shutting their doors since March 2020 and where we can see the dramatic declined in RevPAR.
"For the hospitality industry to come out of the havoc, we all need to focus on building Ecosystems grounded on sustainable supply chains with scale, as well as create elaborative business models across the larger value chain and through strategic partnerships locally and with international entities."
It's been a busy and unique start to the new school year here at EHL for many reasons, mostly to do with the implementation of innovative teaching methods such as HyFlex and adapting to the necessary global changes.
Global warming is an issue that the world has been facing for years, and time is running out. Every action we take has an impact on the environment and it is our responsibility to implement sustainable practices into our lives and into our campus.
Back in 2000, EHL launched its Student Business Project (SBP) module as an integral part of the final Bachelor year program. Its aim: to give students real-life, hands-on, practical experience of what it means to set up and run a business from every possible angle, in conjunction with the requirements of a business partner who has enlisted their help, insights and know-how.
If it were a stable world, we would understand why UK hotel property owners would submit to the current CVA proposal.
There is no doubt that the COVID-19 pandemic has had a most dramatic effect on the hotel business throughout Europe and words like 'unprecedented' and 'unique' are used liberally to describe the situation.
When Warren Buffett's Berkshire Hathaway sold all of its airline stocks in April, it appeared as an affirmation to some investors that the future of travel was on the rocks - while for others, it reignited discussions on whether the widely respected Orcale of Omaha had 'lost his touch'.
"It cost money to make money. Doing nothing is the last thing hotels will want to do. While it may seem hard and strange to invest in new technology during this uncertain time, I believe it is really important to actually make changes now."
Online Travel Agencies have always been a subject for debates among hoteliers. Should we reinforce our direct channels of distribution or rely on intermediaries? In general, there is no universal answer to that question.
