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The Week in Hospitality Insights: Ready for the rebound

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This week Nasa’s Perseverance rover sent its first images of Mars, and the world was fascinated by a sight that seems currently just as inaccessible as a beach in the Mediterranean.

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    Video
    When will travel return and what will it look like, what will the trends be? We asked our leading editors in Hospitality and Travel for their predictions in the hospitlaity and travel industry. Signs of optimism, consolidation and smarter operations are on the horizon for 2021.  You can read more from all of Questex editors here:  Katherine Doggrell, Editor at Large, Hospitality Insights Elaine Simon, Senior Managing Editor, Hotel Management Jena Fox, Associate Editor, Hotel Management Magazine Ruthanne Terrero, Editorial Director, Luxury Travel Advisor Matt Turner, Editor, Luxury Travel Advisor & Travel Agent Magazine
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    Pandemic
    Hostelworld said that it was evaluating its future funding requirements and was actively evaluating both debt and equity options.
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    Travel
    All international arrivals, including UK nationals, will be required to present a negative Covid-19 test taken up to 72 hours prior to departure for entry into the UK.
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    Transactions
    UK transactions dropped by 70% on the year in 2020, with the main drivers retirement sales, hotels sold for alternative use, non-core assets sold to bolster equity and non-alignment of shareholder interests.
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    Video - In Focus
    Alexi Khajavi and Katherine Doggrell take stock of the hospitality industry as it faces further lockdowns in the UK and many EU countries.  They discuss the "two storms hitting the industry right now, one is cashflow and the other is rent."  And Katherine dives into the fascinating big deal that was last but certainly not least for 2020, Sonesta to acquire RLH.  Not to be missed! As the industry continues to adapt to further changes, we continue to support the people who have supported us. We are still offering six months’ free access to Hospitality Insights to those between jobs. Please click here to apply.  #solidaritywithhospitality
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    Pandemic
    The UK Short Term Accommodation Association has called for the lockdown grant scheme for retail, leisure and hospitality businesses to include short-term rental businesses.
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    Insider
    The current pandemic focus is the race to vaccinate the world at a time when the virus seems to be ever-more the dramatic player in our lives, ducking and diving and mutating and generally making itself the unpopular visitor.
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    Sharing economy
    Analysts were enthused about Airbnb’s long-term prospects, although largely cautious on its pricing, after the platform saw a strong start to trading last month.