This Week's Herman Trend Alert

Leadership in Normal 2.0
 

  The Herman Trend Alert

March 11, 2009

Global Hospitality's Near-term Future

A recently released study, conducted by Ernst & Young, LLP, reflects some interesting developments in the hotel industry. Throughout 2009, contracting economies and reduced leisure/business travel across much of the world will continue to put pressure on global hotel markets. Operating performance in the global hotel industry remained profitable, because most hoteliers focused on controlling costs and preserving the bottom line.

As a result of the challenging economy, hotel operators will continue to concentrate more of their energies on cost reduction, improving operating efficiencies, reaching out to guests via enhanced Internet communication, and strengthening their brands through an emphasis on green principles.

In its market reports and in-depth analysis of the main lodging segments, The 2009 Lodging Report carries an overview of global, including US, hotel sectors. The report also features ten main areas on trends and issues to watch in this sector in 2009. Here are some highlights:

With further contraction in the economy, hotel values will continue their decline in 2009. Expect cash-rich buyers to exercise their advantage and buy commercial real estate at fire-sale prices with numerous transactions before year's-end. Hotel companies moving quickly to pare overhead at the corporate and property levels will not only save money, but will position their enterprises to be more dominant players for the next cycle.

A recent Google survey suggested that one-third of travelers made accommodation decisions, based on reviews found online. This year will see wise hotel operators improving their Internet brand presence.

While no region of the world is immune to financial turmoil, regions such as. Hotels in Asia Pacific, the Middle East and North Africa, and Latin America may offer stronger investment alternatives during this slow down. These regions have large and growing economies and populations with a relative scarcity of lodging. Look for China, India, Vietnam, and Brazil to have the leading future growth markets.

Green hotels are gaining momentum throughout the world. Cruise operators have downsized their offerings, cutting some expensive international routes in favor of cheaper and shorter routes from Baltimore and Miami. US hotels will benefit from the funneling of additional federal dollars into US infrastructure.


© Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 336-210-3548 or https://hermangroup.com. To sign up, visit https://HermanTrendAlert.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."

HOW DOES SHE DO IT?
Our author Joyce gets quoted in TIME Magazine and other national media on a regular basis. You can, too! Sign up for ExpertClick.com. You will be found by the news media and in Google search: 1. Through your personal search-engine-optimized press room by 39 topics you choose; 2. By news releases pushed out 10 ways including Google News; 3. Be found in the 2020 printed Yearbook of Experts, Authorities & Spokespersons. Save 15% when you register by October 31st @ http://www.ExpertClick.com/Discount.

APF'S FUTURES FESTIVAL IN 3 DAYS: ONLINE OCTOBER 24TH: FULL SPECTRUM FUTURES
The Association of Professional Futurists proudly presents its annual online learning experiences on Full Spectrum Futures. Network with leading futurists from all over the world. And best of all, it's free to attend, though contributions are encouraged to help defray costs. For more information, visit here.

OUR VERSATILE TRANSLATOR ROCKS!
Excellent translation services from English, French, or German into Spanish. Especially well-versed in medicine/pharma and automobile industries. 5-year Bachelor Degree in Translation. Also editing and proofreading of all kinds of Spanish language documents. Flexible rates, depending on number of words, degree of difficulty/technicality, and turnaround. For an instant quote email Mariana Campora Lesti at marianalesti515@gmail.com or contact her on SKYPE at marianacampora.

To read this Herman Trend Alert on the web: https://hermangroup.com/alert/archive_10-21-2020.html.


Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.

New subscribers are always welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 90 countries, including other websites and printed periodicals. Click here to sign up for the Herman Trend Alert.

Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service.


Subscribe or Unsubscribe to weekly Herman Trend Alert
View this week's Herman Trend Alert
Archived Weekly Herman Trend Alerts

                                                                                                                                                                                                                                                                                                                                                                         


[ Home About Products Resources Media ]

 

7112 Viridian Lane
Austin, TX 78739
Voice: 336-210-3548
Toll Free in US & Canada: 800-227-3566
E-mail: info@hermangroup.com


  © The Herman Group. All rights reserved.

Web site design by WebEditor Design Services, Inc.