Roughly 80 percent of Hilton’s business travel demand came from smaller businesses before the pandemic, but Nassetta said he aimed to grow that to 90 percent.
Be it for regulatory directives or where China's digital economy is headed, travel brands need to be agile to make the most of the situation.
Hong Kong travel easing risk if Omicron in community; China to ensure COVID-19 control amid Spring Festival travel rush.
China has already seen US$1.5 billion in hotel and serviced apartment transactions in the first nine months.
If a major hotel chain uses smartly the Sonder formula and leases the property, they should be able to keep for themselves 2x, 3X or even 4x what they are making now.
For the first eleven months of this year, Macau’s average hotel occupancy rate stood at nearly 50%, with five-star hotels at 47.2% over that period.
Tripadvisor has yet to totally nail one that can push the brand beyond the core review and metasearch platform.
Return to the basics has driven high guest satisfaction scores and will continue post-pandemic.