Hi, welcome to another Coffee time chat.
With numerous challenges at home and abroad we take a look at some of the macro economic factors which could influence travel behaviour in 2023 and impact hotels.
To provide some insights we welcome back:
🔹 Veit Meier of berner+becker, one of our Expert Partners
In this discussion we look at how global economic factors and the current war in Ukraine might influence different traveller attitudes.
With inflation already prevalent across many countries we explore how that could affect not only hotels ADR but also consumer spending power – and we reflect on how that might influence booking behaviour
We consider the impact on rising costs and continuing staffing challenges for hotels and why it is important to revisit some revenue management basic principles as we look into 2023
Finally we touch on travel demand and what we might see as we look beyond the first quarter of next year
Hope you enjoy the discussion👍
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🎞 VIDEO CHAPTERS:
00:57 Guest and discussion topic introduction
05:40 Global Macro Political Impact
08:17 Inflationary pressure on ADR and consumer spending
18:52 Will Covid still have an influence
20:40 Impact of increasing costs on hotels
23:39 Appetite to travel and impact on demand
27:15 Need to focus on basic revenue management principles
33:13 Subscribe and more videos
