Hyatt sees signs that more people in big cities are returning to offices, which could eventually translate to more business transient travel at the hotel giant.
25.08.2023 - 14:35 / skift.com / Sean Oneill / Matthew Parsons
Not all hotels should pursue remote workers, a hotel group CEO has suggested, because they mostly served their purpose during the pandemic.
It’s not a warning from a luxury hotelier, but one from Alastair Thomann, who leads boutique hostel-meets-hotel brands Generator and Freehand Hotels.
“We saw a lot of blended travel during the pandemic. The markets we cover are really high-compression markets around Europe and the U.S,” said Thomann at the inaugural Skift Global Forum East event in Dubai on Wednesday.
“What’s really changed now is that we don’t necessarily want that customer anymore, because that customer will spend a longer time in the hotel, they’ll expect a discount … we can sell our rooms at a much higher rate.”
Moderator Sean O’Neill, Skift’s senior hospitality editor, asked if he wanted people opening up their laptops in his lobbies.
“We’re going in the other direction,” Thomann replied during the How Blended Travel Is Reshaping Experience panel discussion. “We’re turning them into nightclubs. It’s all about how much money can we turn around in an hour. If somebody sits in there, with their laptop all day long and has three or four coffees, there’s better uses of space for us.”
The CEO later shared with Skift that one of its hotels in New York had even now removed charging points, to discourage people bringing in their laptops.
It’s a timely reminder to be careful not to follow trends blindly, but it’s perhaps also the location that counts. Compression markets are ones where hoteliers can generate a high revenue per available room, or RevPAR, and year-round occupancy. Currently there are many compression markets globally as demand recovers, but with the seemingly unstoppable rise of blended travel, is this really the best long-term view?
Last year, expense company Emburse rounded off 2021 by publishing the craziest expenses it processed.
Not much has changed in 12 months, as submitters and finance professionals encountered even more silliness over the past two years.
But while 2021 was a year of extravagance, including $1,000 for a tattoo removal and $1,250 for pet sitting care, this year is a much more frugal affair.
Embruse has outlined several instances here, but let’s spare a thought for the employee who stocked up on three cases of ramen noodles for his meals, at a cost of $45, although they were in Covid-19 quarantine overseas.
But another worker opted to spend $110 on a tent, rather than pay $800 for a hotel room. The company’s vice president approved it, but it ended up being declined by the accounting department. Sometimes you just can’t win.
Who and what Skift has covered over the past week: Airbnb, Delta Air Lines, global events, Hilton, JetBlue, United Airlines.
CAP Worldwide
Hyatt sees signs that more people in big cities are returning to offices, which could eventually translate to more business transient travel at the hotel giant.
New York City’s short-term rental regulations could slash up to 70% of Airbnb’s 23,000 active listings in the city after September 5. Experts are divided on how the move might affect hotels, and their forecasts are foggy. Yet the analyses reveal interesting details about this critical lodging market regardless.
Here are the top stories from the Daily Lodging Report newsletter in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here now.
Jongyoon Kim, the CEO of South Korea-based superapp Yanolja, sees Tesla as the metaphor for its company highlighting how the electronic vehicle company has been rethinking the entire value chain.
Accor, the Paris-based hotel giant, said on Tuesday that Omer Acar will head its brands Raffles & Orient Express as of March 1. Acar will join Accor’s other brand CEOs in its luxury and lifestyle group (Fairmont, Sofitel & MGallery, and Ennismore) — all of whom report directly to group CEO Sébastian Bazin.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Hyatt Hotel Corp. said on Tuesday it would acquire Dream Hotel Group’s lifestyle hotel brands, including Dream Hotels, The Chatwal Hotels, and Unscripted Hotels.
Kerzner International has unveiled its new brand Siro, a set of fitness-themed lifestyle hotels. The developer said on Wednesday that it has slated to open its first property in a tower in One Za’abeel, a luxury community in Dubai, U.A.E., in the last months of 2023.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
The Middle East’s almost year-long summer is its competitive advantage when attracting the European market. However, the region would do well to add more beachfront properties and curate experiences beyond its Uber-luxury eccentricities.
Good morning from Skift. It’s Friday, December 16, and we are headed back from a successful Skift Forum in Dubai. Here’s what you need to know about the business of travel today.
Hotel company Sonesta said on Tuesday it would launch a new brand, Sonesta Essential, and offer a just-added brand, The James, to developers.