TOP NEWS

🏨 Moxy Hotels from Marriott International celebrates 10 years since its launch in Milan, 2014. Aimed to reach 100 hotels in Europe by 2025, adding 17 new properties including entries into Spain, Turkey, and Luxembourg. Currently, Moxy has 89 hotels in 18 European destinations, 60% of its global estate. New hotels include Moxy Barcelona with 414 rooms, Moxy Istanbul Beyoğlu with 168 rooms, and Moxy Luxembourg Airport with 129 rooms. Also expanding in France, Italy, Portugal, Ireland, Belgium, Poland, Serbia, Germany, and Switzerland by 2025.

🏡 By 2030, the luxury hospitality market is expected to reach $369.23 billion. The industry emphasizes creating a unique, high-end image and experience, demonstrated by Aman Resorts and Ritz-Carlton, known for ultra-luxurious properties and exceptional service. Luxury branding, different from regular branding, centers on exclusivity, unique experiences, high quality, emotional connections, and status. Key strategies include understanding affluent customer preferences, creating exclusive experiences, and emphasizing quality and craftsmanship.

🏨 Summary: The article on Hotel OTA Agreement discusses how Online Travel Agencies (OTAs) charge hotels for their services, including commission rates and specific clauses within OTA agreements that can affect hotel revenue. Although no specific percentages or clauses are mentioned in the excerpt provided, the article seems to aim at educating hoteliers on the financial and contractual aspects of working with OTAs. The post was written by Suniti Bahl and was published on September 25, 2024.

💾 The Grand Royale Hotel's revenue manager Emily was overwhelmed with manual tasks, facing isolation, burnout, and declining performance. Meanwhile, Alex of The Elite Haven Hotel used automation tools to eliminate tedious tasks, spurring profits and earning bonuses. Emily, inspired by Alex, proposed automation to her GM, who initially rejected the idea. With support from colleagues and after a pilot's success, their hotel saw improved profits and employee morale, validating the shift to automation and strategic work over manual labor.

📢 STAAH, a New Zealand hospitality solutions provider, held ‘The Big Connect’ event in Mumbai, attended by over 400 experts. In partnership with Booking.com and WebBeds, the conference at Sahara Star Hotel focused on tech-driven solutions for hotels, aiming to increase online bookings, revenue, and streamline distribution. National Sales Head – India, Shoaib Ali, highlighted the event’s success and potential future expansion. The event concluded with entertainment including a live comedy act.

📅 International tourism nearly reached pre-pandemic levels with 96% recovery seven months through July 2024, driven by demand in Europe and reopened Asian-Pacific markets. About 790 million tourists traveled internationally by July 2024, an 11% increase from 2023 and a mere 4% shy of 2019's figures. Europe and the Americas saw 99% and 97% recovery, while the Middle East led with a 26% increase over 2019. The Asia-Pacific region rallied to 86% of its pre-pandemic levels. Out of 120 destinations, 67 matched their 2019 arrival numbers. Top performers included Qatar (+147% vs. 2019), Albania (+93%), Saudi Arabia (+73%). International tourism receipts saw Albania (+128%) and Serbia (+126%) more than double compared to 2019. Outbound travel expenditure surged in the U.S. (+32%), Germany (+38%), and the U.K. (+40%). Export revenues from tourism hit $1.8 trillion, equating 3% of global GDP, with direct tourism GDP at $3.4 trillion in 2023. The UN Tourism Confidence Index for September-December 2024 scored 120 points, slightly below the May-August 2024 score of 130.

🏨 To attract hotel guests without lowering rates, leverage social media for exclusive offers, increase meta search spend, craft email campaigns for past guests, and use OTA tools like Expedia’s Accelerator or Booking.com’s Visibility Booster. Agoda and Priceline growth campaigns offer global exposure. Pay-On-Performance media campaigns provide visibility with no upfront costs, focusing on actions like bookings or clicks. RevOptimum, with 30 years of experience, empowers hotel revenue growth, pioneering remote management solutions and innovative revenue tools, dedicated to impacting the hospitality industry positively.

🏢 Real estate property portfolio managers have a demanding, strategic role with an average salary of $113,505. Responsibilities include strategic oversight, financial management, asset optimization, risk management, stakeholder communication, continuous learning, and delivering impactful results. The career combines finance, strategy, and management, with opportunities in hospitality to manage hotels, resorts, and restaurants. A bachelor’s degree in real estate, finance, economics, or business administration is typical, while a master’s can further enhance career advancement.