The increasing concern over the COVID-19 implications on the travel and tourism sector coupled with a challenging economic outlook for the GCC region will have a major impact on the recovery of the hotel sector. Although COVID-19 has challenged our fundamental forecasting approach that typically relies on predictable market trends and metrics, we share our assumptions pertaining to what the recovery model may look like for select cities in the GCC and the likely impact on EBITDA.
The survey discusses COVID-19 pandemic and its unprecedented impact on the Bangkok hotel market on a property level, the survey focuses on hoteliers’ point of view on contingency measures, business strategies, signs of recovery, and comparison between pre and post COVID-19.
While the pandemic is anticipated to prolong, hotels should start to draw up plans in preparation for a recovery. In the meanwhile, it is the perfect time to relook into operational strategies, cost-saving initiatives, refurbishment, marketing distribution channels, staff training and technology upgrade.
The purpose of the questionnaire is to gather responses on the impact of COVID-19 including the measures taken during COVID-19 and in preparation for post COVID-19 in the hospitality industry across Asia Pacific.
This article describes the restrictions put in place in Italy following the COVID-19 pandemic with particular attention to their possible economic impact on the tourism industry, historically characterized by the high presence of international tourism. A specific analysis is dedicated to the main four city hubs in an effort to evaluate how their different reliance on leisure international visitation might shape their recovery once the pandemic subsides.
The impact that COVID-19 is having on the hospitality industry is palpable. There is no time more important than right now to come together, share information, and discuss what this means for our future. Katherine Doggrell is joined by Russell Kett, Chairman at HVS.
The “HVS Traveller and Hotel Guest Sentiment Survey” summarises the findings about the current confidence levels, changes in behaviour and preferences, and most importantly the decision making when selecting destinations and hotel stays in the near term. We raise key concerns and questions that are worth reflecting on to address the complex “new normal” that will govern future investments and operations in our industry.
COVID-19 has held the world hostage. Life and work as we know it came to a standstill in the first quarter of 2020. The hospitality industry is amongst the hardest hit. This article looks beyond the current status quo as to the reasons why we consider that the German hotel market is in pole position in the race for recovery in Europe.
COVID-19 haelt die Welt in Atem. Unser taegliches Leben wurden auf den Kopf gestellt in der ersten Haelfte von 2020. Die Hotellerie and das Gastgewerbe sind am schwersten betroffen. Dieser Artikel schaut ueber den Tellerrand der momentanen Situation und analysisiert, warum der deutsche Hotelmarkt im europaeischen Vergleich gut fuer eine Recovery aufgestellt ist.
While we were applauding the ongoing efforts of GCC governments in developing further their tourism infrastructure, an unexpected hefty guest checks-in that will undoubtedly leave behind significant losses and a drastic change to the travel and tourism landscape. We will continue to engage with you to provide a framework for guiding future decision making, analyse the new dynamics, identify the key challenges that lie ahead, and endeavor to forecast future performance.