Travel & Data Trends

The impact of the COVID-19 pandemic on the regional economy has been severe across all traditional lodging demand segments. Within the corporate segment, demand declined significantly as most of the region’s largest employers eliminated corporate travel in 2020. We note that many companies began to reopen offices in the summer of 2020; however, others continue to allow employees to work remotely, including Procter & Gamble and Kroger.

Before the website and marketing plan, before listing your meeting space on Cvent, before your sales team responds to that first lead, someone, somewhere, decided on the product. The product?

EHL Success Stories: Start-Up Edition is a series to show support to our EHL Family and, more specifically, our hard-working AEHL entrepreneurs. This project aims to showcase EHL's entrepreneur mindsets, support new and upcoming ideas and businesses. While overcoming a challenging time for all companies, these Start Ups prove that resilience and hard work can overcome any problem.

The Hotel Operator Guide highlights insights on existing and pipeline supply’s management structures, geographic distribution, as well as, room supply growth by operator and brand. The purpose of this publication is to serve owners and investors an unique reference about the growth and scale of international operators across regions and brands.

Innovation is the process of creating value through the implementation of new ideas. Crises generate the exact opposite outcome: tremendous value destruction. Innovation, therefore, seems particularly well-suited to act as a powerful countervailing force in times of hardship. The process of innovation under stable conditions, while not straightforward, is relatively well understood.

Remote work is here to stay. Even if companies start to require teams to return to a central office following full population vaccination, the benefits of allowing for flexible work conditions are too good to ignore. For the employer it can mean vastly reduced rental costs, while for the employee it means less time spent commuting and the ability to handle life’s other responsibilities more adeptly like young kids. But the drawback is the monotony of working, eating, relaxing and sleeping in the same place.

Hotel cancellation rates have been steadily rising for years, in part fueled by a culture of ‘book now, pay later’ created by OTA giants. Covid did not create cancellation habits – it will perpetuate them, though. As a hotelier, it’s important for you to be aware of the patterns because it will help you to determine how to combat the issue. Back in 2019, D-Edge Hospitality Solutions reported that the global cancellation rate of hotel reservations reached 40% (with the direct website channel keeping the lowest cancellation rate).

The industrial sector is a key player within southern Dallas County and northern Ellis County, which are part of the Best Southwest Partnership. A vast network of roads in the greater Metroplex provide direct access to other parts of the region and country. South Dallas is home to the International Inland Port of Dallas (IIPOD), an intermodal and logistics district that encompasses 7,500 acres and five municipalities. This area hosts over 17,000 workers, and major manufacturing tenants include American Textile Company, Pioneer Frozen Foods, Niagara Bottling, and Serta Dormae. Corporations with logistics/distribution facilities in the IIPOD include Amazon, Conn’s, The Home Depot, L’Oréal, and National Tire & Battery. Additionally, in 2020, FedEx signed a new lease to operate its nearly 800,000-square-foot sorting facility in South Dallas, near the company’s shipping hub in Hutchins.

For much of 2020, ‘normalcy’ became a decent memory. The past 16 months have been defined by adjustments, both big and small, that pushed the pandemic response forward towards a finish line we couldn’t yet see. We made sacrifices, we stayed home, and we canceled trips in the hopes that the coming months would bring long-awaited relief, recovery, and, finally, a return to normal. Fortunately, with the help of vaccine roll-outs around the world, we finally find ourselves on the precipice of recovery.

In 2020, transaction activity in the Asia Pacific took a hit from the new high in 2019, achieving a transaction volume of approximately US $8.6 billion worth of hospitality assets, indicating a 41.8% decline year on year. Similarly, from 2Q 2020 to 1Q 2021, transaction activity in the Asia Pacific has continued to slow down. Despite the slow-moving transaction activity, growing interest in hospitality assets continues to be observed in regions such as Australia & New Zealand, China, Japan, South Korea, Taiwan, and certain markets in the South-East Asia regions.