Analysis for Europe/MEA

IHG launches premium voco brand in Japan; InterContinental signings in Uzbekistan and Malaysia

28 June, 2022

IHG Hotels & Resorts will launch its popular voco Hotels brand in Japan for the first time, following the signing of a management agreement with NTT Urban Development Corporation that will see it open the flagship voco Osaka Central in 2023. As part of the planned growth of its global luxury and lifestyle portfolio in 2022 it will also bring the InterContinental brand to Penang, Malaysia and Tashkent, Uzbekistan.  

Hilton brings premier luxury Waldorf Astoria brand to the heart of Kuala Lumpur; Turkish milestones

21 June, 2022

Waldorf Astoria Hotels & Resorts will expand into Malaysia with the opening in 2024 of the Waldorf Astoria Kuala Lumpur. The property in the heart of the city’s famed Bukit Bintang hub will be developed and owned by Tradewinds Corporation Berhad and managed by Hilton.

Sydney hotels led Apr-2022 profitability recovery in Asia Pacific; Singapore growing momentum

9 June, 2022

Among key hotel markets in the Asia Pacific region, Sydney’s gross operating profit per available room (GOPPAR) level came closest to its 2019 comparable, according to STR‘s April 2022 P&L data release. After coming in at just 51% of 2019 GOPPAR levels in Mar-2022, Sydney posted an April GOPPAR of USD52.08, which was 82% of the pre-pandemic comparable.  

Radisson plans 15,000 room openings and 330 hotel signings across EMEA and APAC in 2022

25 May, 2022

Building on its 2021 milestone as the most successful year ever in terms of signings, Radisson Hotel Group has ambitious projections for 2022 that includes the opening of 15,000 rooms and achieving the signing of 330 hotels total in EMEA and APAC, as well as planned targets for continued growth of the group’s midscale lifestyle brand, prizeotel.  

Paris hotels return to 2019 profitability levels; UK, Poland and Ireland lead Europe’s recovery

4 May, 2022

Among the key city hotel markets in Europe, Paris was the only one to achieve gross operating profit per available room (GOPPAR) that was 100% of the 2019 comparable, according to the Mar-2022 P&L data release from benchmarking specialist STR.  

Going Places – industry appointment highlights for Mar-2022

5 April, 2022

The travel, tourism and aviation industries in the across the globe witness policy and upper level changes on a daily basis. It is important to not only keep tabs of these organisations direction, but to also monitor changes in executive branches to see the wider picture of the travel market. CTC – Corporate Travel Community aims to keep you informed of these movements each month, with a full wrap of the key changes across regional markets, while also featuring key appointments announced for the month.

Here are the key executive changes for Mar-2022:

Corporate travel set for rebound as travel restrictions put businesses at competitive disadvantage

31 March, 2022

In Mar-2022, the United Kingdom became one of the first large economies to remove all remaining COVID-19 international travel restrictions, reflecting government confidence in its vaccination programme. In the event of future COVID variants of concern, the UK says it will default to the "least stringent measures". This should give aviation operators and passengers greater security in planning for the future.  

Historical analysis of US market suggests rising energy prices have limited impact on hotel demand

16 March, 2022

Fluctuating energy prices can be a constant issue for businesses across the travel industry, but while a rising trend in pricing can actually be better managed, it can have severe implications. As COVID fears now recede, energy costs are taking over as a major concern for airlines, logistics specialists and tour operators.  

Going Places – industry appointment highlights for Feb-2022

9 March, 2022

The travel, tourism and aviation industries in the across the globe witness policy and upper level changes on a daily basis. It is important to not only keep tabs of these organisations direction, but to also monitor changes in executive branches to see the wider picture of the travel market. CTC – Corporate Travel Community aims to keep you informed of these movements each month, with a full wrap of the key changes across regional markets, while also featuring key appointments announced for the month.

Russia-Ukraine conflict influences spike in flight cancellations – extended impact likely

4 March, 2022

The Russian invasion of Ukraine will have implications for travel across the world and will hinder the recovery in long-haul flying especially on routes that previously operated over the airspace of the two countries.  

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