Hotels that offer a booking strategy with room prices based on attributes will provide guests freedom of choice…and will achieve higher revenue. This paper explores the concepts of attribute-based shopping and pricing to guide hotel technology needs as the industry pushes forward.
The hotel sector has faced challenges the like of which it has never seen before, with governments around the world shutting down travel and companies limiting the movements of their employees. A sudden slowdown to standstill which came out of nowhere and was not the sector’s fault.
While hoteliers cut costs and looked to leap onto the Working From Hotels trend, there were areas of resilience in the form of serviced apartments and extended stay, many of which were able to stay open and, because of leaner operations, were able to break even at much lower levels of occupancy than traditional hotels.
They are now looking to capitalize on the move into the leisure sector and attract attention from investors who want something to hedge against their more volatile hotel holdings.
The Investing in Greek Hospitality Real Estate roundtable, hosted by Enterprise Greece, highlighted the country’s growing importance as an investor target. Greece has suffered in the wake of the pandemic, but with strong government support, has been able to focus on recovery and is looking to upgrade its hotel and resort stock and become a leading luxury destination.
The Covid-19 global pandemic has dealt the hotel sector a blow and sent it looking for different consumers from its regular business traveler fare, as working from home became the norm. As operators have leapt onto the Working From Hotel trend, investors have looked to the adjacent spaces to find fruitful investments, taking in sectors including serviced apartments, senior housing, hostels, co-living and co-working.
The major trends that have been pushing the hospitality real estate market forward are set to gain strength as economies and travel recover. In particular, resorts and mixed-use developments in well-connected destinations such as Cyprus continue to offer strong opportunities for investors, both local and international.
This webinar, hosted by Invest Cyprus, brings together a panel of international and local experts who will share their views on the future of hospitality investment, from the global to the local perspectives.
Welcome to the first of our INtel supplements. In this issue we’re going to look in-depth at technology, which has evolved from something only a few hotels at the very cutting edge indulged in, to something every hotel can - and must - get ever deeper into, whether on their own or through their brand.
