Airbnb Launches Campaign to Support Domestic Travel & Local Economic Growth

Key Take Away

The initiatives come as the travel industry takes initial steps to recover from the impact of the COVID-19 pandemic. This work includes a series of partnerships with destination marketing organizations to help these organizations use the Airbnb platform to support local economic development. 

Partnering with local communities to promote travel and economic growth

We are working with governments and tourism agencies to help support responsible and safe travel that benefits local citizens and small businesses.

Go Near

In a survey commissioned by Airbnb, nearly half of US respondents said they will prefer to stay within a day’s drive for their first trip once lockdown restrictions lift.

For More Information Click Below :

news.airbnb.com/airbnb-launches-campaign-to-support-domestic-travel-local-economic-growth/

IHG Announces Senior Leadership Appointments in the Americas

IHG (InterContinental Hotels Group) announces that it has named two versatile IHG leaders into new senior leadership positions – Jay Caiafa, Chief Operating Officer, Americas, and Brian Hicks, Senior Vice President, Commercial and Revenue Management, Americas

Caiafa has been with IHG since 2013 and has held multiple leadership roles with the company.  In his previous role as SVP, Hotel Lifecycle and Growth, he led multiple teams across all aspects of the hotel lifecycle, including architecture, design, construction, hotel openings, hotel ramp up, renovations and quality assurance, and also oversaw teams responsible for the delivery of the Americas growth strategy.

With his promotion to COO, Americas, he will lead the Americas Operations Leadership Team, with oversight of more than 4,000 IHG hotels across the U.S. and Canada, and will further strengthen and cultivate relationships with owners. In addition, he will continue his role as IHG’s representative on the Metro Atlanta Chamber Board of Directors, driving engagement with the broader business community in the home of the company’s Americas headquarters.

Prior to his time with IHG, Caiafa led teams at companies across multiple industries, including legal, commercial real estate finance, strategic consulting and biotechnology.

Hicks has more than 30 years of international hospitality experience – the majority of which has been with IHG, including more than ten years working in the Americas region. He was promoted from his previous role as VP, Global Revenue Management Strategy. In his new role, Hicks will lead the Revenue Management function and the Commercial team in the U.S., Canada, Mexico, Latin America and the Caribbean, and will be responsible for overseeing and integrating all revenue-generating strategies, initiatives, programs and plans to drive competitive commercial performance across the region. In addition, he will lead the Americas Revenue Strategy Committee, working with Global and Regional Revenue leaders.

Coronavirus impact: Hotel industry cuts growth forecast as revenues dip

Hotel chains and industry analysts are cutting back on their growth forecasts for the current quarter and are witnessing a dip in occupancies and revenues this month following the Coronavirus outbreak with both business and leisure trip cancellations coming in by inbound travellers and future bookings getting stalled.“Indian High Commissions in South east Asian countries – China, Hong Kong, Taiwan, Macau, Thailand, Singapore, South Korea have restricted visas to travellers coming from these countries. Although India doesn’t have a lot of Chinese travellers but with all these countries included in the travel restriction bracket – the impact on hotel demand could be significant throughout quarter one of 2020,”

“The Chinese have a lot of influence in sectors like infrastructure, telecom, mobile manufacturing. They are not coming. Singapore, Hong Kong and Japan are down. Because of them, the outbreak and global advisories, overall business travel is also down. Conferences and exhibitions are getting hampered,” he added.

A lot of destination weddings planned for Thailand, or Sri Lanka, and countries in the far east have shifted back to India. Destinations like Udaipur have benefitted

Chains like IHCL, Marriott, and Accor did not respond to emails seeking comments till the time of going to press. Hilton and Hyatt declined to comment.


In an earnings call this month, Michele Allen, CFO of Wyndham Hotels & Resorts which has a sizeable presence in China said 70% of the chain’s hotels in China remain closed with the balance experiencing occupancy declines of approximately 75%.

January 2020: European hoteliers on the upward slope

All segments are progressing. First of all, occupancy shows the best growth over the last twelve months, thanks to a +1.4-point increase in occupancy to reach an occupancy rate (OR) of 59.5% for the whole of Europe. Prices are advancing at a slower rate of +0.6%, resulting in an average daily rate (ADR) of €93.10 excluding VAT.

 RevPAR rose by +3.0% to €55.40 excluding VAT, slightly above the previous month's performance, when the increase was +2.4%.

Trends in Europe in January 2020 Infogram

December 2019, The OR rose by 1.8 points, to increase its ADR by 1.1% to €135.70 excluding VAT,

RevPAR growth above the regional average: +4.2%, for a revenue per room of €82.50 excluding VAT

Four markets are achieving double-digit RevPAR growth. These are Greece (+11.8%), Austria (+16.0%), Portugal (+16.6%) and especially Hungary (+25.3%).

to Hungary for the second month in a row comes from a growth in all indicators, each beating the month's record, whether for occupancy (+6.2 pts) or ADR (+11.6%)

In Portugal, an OR pushed up by +5.0 pts to reach 57.2%, and ADR up by +6.4% for €70.90 excluding VAT and a RevPAR up by +16.6% to €40.60 excluding VAT

Austria has been a real success story over the last twelve months. Indeed, the destination is constantly growing in terms of attractiveness and attendance it scored 4.2 additional points for an OR of 62.1%. Its prices are also on the rise (+8.2%) - the second-highest increase in ADR this month - averaging €88.10 excluding VAT

Five destinations have stable revenue per available room: Spain (+3.2%), the United Kingdom (+1.8%), Luxembourg (+1.1%), Switzerland (+0.4%) and the Netherlands (+0.3%).

SOURCE : hospitality-on

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Impact of "New Business Model" by IHCL on Investors →

Investors in IHCL seem to be betting on its asset-light strategy.

Step taken by IHCL for Hotel Industry brought lot of changes in Market a major shift from Traditional Strategy to Asset Light Strategy focus on Equity Investment on those where an organization's expertise achieves the best return for investors.

Benefit of this Strategy are:

• Positive impact on investors

• IHCL and EIH Ltd have outperformed the Nifty Midcap Index on a one-year horizon

• Higher Returns on Investment (ROI)

• Ebitda (Earnings Before Interest, Tax, Depreciation and Amortization) rose by 16% after the implementation of Indian Accounting Standards -116 norms

• Higher operating performance implied costs are being in control.

• “Traction in new signings continued with addition of 1,257 rooms in Q1FY20 (April-June) across seven cities, which took the pipeline to 4,500-plus rooms (FY19: 4,000 rooms)."  According to Edelweiss Securities Ltd.

• Seven new contracts in Q1 added

• Occupancy rates in the industry moved up by 3% points to 69% year-on-year in FY2019, according to data from ICRA Ltd.

• UK & US business remain in cloud .

• Earnings Per Share (ERP) Increase by 35% average compounded rate due to Margin Expansion and Lower Capex Intensity.

source : ET