In five minutes or less, keep track of the most important news of the week, curated just for you. We present to you hand – picked news on latest industry perspectives and some general updates. Read on!!
The Hotel of Tomorrow Project: Five big ideas and the trends that drove them
A group of 325 hotel industry executives have been meeting since June to brainstorm hotel innovations. The global think tank called The Hotel of Tomorrow Project released its findings culled from 79 suggested ideas from 16 teams globally that were then shopped to 1000 industry executives for their input.
The decline in Chinese tourists has hit the luxury sector
Large groups of Chinese visitors have become a pillar of the global tourism industry. Coronavirus has not only put paid to this enormous source of income for major cities and sights around the world, it is having a massive knock-on effect for the luxury goods business.
https://qrius.com/how-the-decline-in-chinese-tourists-around-the-world-has-hit-the-luxury-sector/
Hotel profitability up in most regions
Europe, Asia-Pacific and the Middle East all reported increasingly positive GOPPAR during the month of August, according to the latest HotStats data.
https://www.hotelmanagement.net/operate/hotstats-profitability-up-europe-middle-east-and-apac
How travel booking behavior has changed
While consumer behavior is influenced by regional responses to the virus, there are some distinct trends that have emerged throughout the course of this year.
https://koddi.com/how-travel-booking-behavior-has-changed-due-to-covid-19/
Booking.com: Flexible policies are in higher demand
Half of travelers would book a trip if it allowed for free cancellation. One-third said they would book if they could reschedule for free.
https://partner.booking.com/en-gb/click-magazine/emerging-traveller-trends-and-behaviours-revealed
UK: Travel companies flogging super cheap holidays for 2021
Desperate tour operators in the UK have slashed prices for next year not only to allow travelers to book ahead or to change their current bookings but also to recoup lost earnings for this year.
https://www.thesun.co.uk/travel/12729058/cheap-holidays-benidorm-majorca-2021-deals/
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