Hospitality News & Views From Across the Web

Want to stay on top of key industry news, but don't have the time to stay up to date with what matters? Worry no more!

Our team regularly monitors a number of key sources for the most interesting hospitality news and opinion pieces, so you don’t have to.  Those that catch our eye are reposted here, with content added most days, so be sure to bookmark this page and check back regularly.  Alternatively, if you would like to receive a weekly digest, why not sign up to our newsletter to have it delivered to your inbox every Thursday?

Chinese domestic market rebounds

Leading Chinese hotel operators are seeing a return to previous levels of business, as 2021 unfolds. But their overseas holdings dragged down performance in the last year, and are still acting as a brake as pandemic lockdowns remain in place.   Fast-growth budget hotel operator Huazhu saw overall net revenues down 9% for the full

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WeWork goes to market

Serviced office providers are moving fast to grab the initiative as they look to a more flexible future of work, after the pandemic.   Sector leader IWG is busy signing up new corporate clients and has already agreed one European takeover deal. Meanwhile, sector newcomer WeWork is heading towards a listing,

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Repurposing begins

Developers in London are reviewing their pipelines, as an era of cheap development finance for hotels appears to have temporarily closed off some options.  Two high profile schemes in London have recently been reappraised by their developers, the tip of potentially a much larger wave of projects that will not

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Travel’s massive losses

The World Travel & Tourism Council has assessed the economic impact of covid-19 as being a loss of almost USD4.5trn in business. It says the sector’s contribution to global GDP dropped 49.1% and last year accounted for just 5.5% of the global economy.  WTTC president Gloria Guevara praised government interventions

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VisitEngland launches latest edition of the Pink Book

VisitEngland has published the latest edition of its popular Pink Book outlining regulatory requirements and guidance for accommodation providers and attractions in England.  Now in its eleventh edition, ‘The Pink Book: Legislation for tourist accommodation and attractions’ provides guidance for running an accommodation business and an attraction – from food

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How an integrated PMS helps to grow TRevPAR

In case you need a refresher on your acronyms, TRevPAR stands for total revenue per available room. The key difference between it and RevPAR is that it takes into account all other outlet purchases from each guest to give a more holistic picture of sales and growth. As a basic

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Views
Hospitality Net

Night Audit and all you need to know about it

Hotel operation runs without breaks – 24 hours every day for seven days. Maintaining the load of check-ins and check-outs, catering to different kinds of guests and optimizing occupancy are some common challenges hoteliers are familiar with. For smooth running, the front office must routinely review and verify the accuracy

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