Hotel owners need to don the hat of institutional investors now more than ever as creating a well-thought and well-researched ‘development-growth-exit’ strategy for their projects will become critical in capitalizing the asset in the post-COVID world.
As value-driven domestic tourists become the ‘knight in shining armor’ for the Indian hospitality sector in the COVID era, the Midscale hotels segment, which accounted for approximately 43% of the total supply in the country in 2019, is expected to lead the revival of the sector. Read on to know more.
COVID-19 has affected the hospitality and tourism industries in a number of ways, and hotel food and beverage operations is one of the most affected areas. A decline in travel, low occupancy rates, and guests shifting to either cooking at home or preferring drive-thru, curbside, and delivery over eating out has led to hotel F&B rapidly evolving and adjusting their models. Hotels are marketing their eateries to locals, offering contactless food delivery, and enhancing gift card sales.
The hospitality sector is venturing into various new revenue generating opportunities in the COVID era. Read on to know more.
This video summarizes the results of the HVS Africa Traveler & Hotel Guest Sentiment Survey Findings.
Africa Traveler and Hotel Guest Sentiment survey is by no means exhaustive, it does however prove there to be demand to start traveling again and to kick start the industry. The survey findings also show some changes are expected, we therefore urge all parties, government, airlines, hotel owners, operators and lenders to consider their businesses in light of these findings and to undertake further research to establish how we can all start the recovery process.
HVS, EP Magazine, Bird & Bird, and AlixPartners hosted a webinar for the Hotel sector on 8 July 2020. We were joined by a number of industry experts covering essential issues on how to plan for financing the re-start, including cash flow scenario planning, working capital considerations and funding options.
With all the uncertainty that remains around the duration and outcome of this pandemic and its' prolonged impact on the hospitality industry in particular; HVS Hotel Owner and Investor Survey findings highlight hotel's operational status and challenges as well as hotel owners’ requirements to survive. In this AHIC broadcast series, the panelists, both of which are multiple asset hotel owners, discuss with Hala Matar Choufany the current issues and future investment appetite.
Could coronavirus close the hotel buffet breakfast for good? International hotel adviser Russell Kett says "the breakfast buffet is likely to become a thing of the past."
Hala Matar Choufany, in her interview in Arabic on Al Arabiya News summarizes the impact of COVID-19 on the hospitality industry in GCC and how the recovery path looks like.