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Investments in Tech, Talent Improved Efficiencies

An opinion piece by Ross Beardsell – JLL Executive Vice President, Advisory & Asset Management Australasia.

With the UK’s furlough scheme set to end this month, GlobalData notes that travel companies will be forced to cut costs in order to survive the winter. Gus Gardner, Associate Travel and Tourism Analyst at GlobalData, warns that such measures may well include redundancies.

With summer ending and the much-needed leisure travel surge waning, much of the industry’s attention and focus shifts to business travel. For true recovery to occur, the travel and hospitality industry needs to see business travel return to pre-pandemic levels. Unfortunately, the prospects for such a return do not appear good at the moment.

Weekly Hotel Industry News Roundup from Asia Pacific from HVS

Costs and Delays Drive Innovation and Creativity in Facing Challenges

Here’s what we can expect in the coming months.

Looking at data through the first week of September, Europe has reached as high as 70% of its 2019 levels thanks to a stronger summer than last year. Levels tailed off in the most recent days, however.

Economy could be losing up to $40m every day just from the loss of UK visitors

A total of 57 deals (comprising mergers & acquisitions [M&A], private equity, and venture financing) were announced in the global travel and tourism sector during August 2021, which is a decline of 17.4% over 69 deals announced in July, according to GlobalData.