COCOTEL’s Post

Adaptability is the currency of success in the hospitality industry, and no one embodies this better than #Filipinos. Known for their warm and genuine hospitality, Filipino businesses must be agile and responsive to the evolving consumer expectations and technological innovations. As a #Filipina living abroad, I’ve seen firsthand how our unique brand of hospitality can set us apart in the global market. 🔍 In our latest article, we explore key trends transforming various sectors of the industry. Discover how industry leaders are leveraging these trends to stay ahead and how you can implement these strategies to enhance your business while maintaining the unparalleled Filipino touch of hospitality: https://lnkd.in/ggJdtiqR #TGMResearch #FilipinoHospitality #research #marketresearch #onlineresearch #datacollection #summer #travel #travelagency #hospitality #hotel #airline #transportation #foodnbeverages

This model of hotel management is vastly misunderstood in South Africa so we are happy to shed some further light on the subject. Thanks Enterprise Africa for featuring us Providence Hotels! #ProvidenceHotels #HotelManagement

We firmly believe that the tourism and leisure industry holds immense potential to drive economic growth for the Philippines, and we at Alliance Global Group, Inc. remain steadfastly committed to fueling the future expansion of these vital sectors through our transformative projects and developments across the country. Our goal is to maintain our market leadership and serve as a key growth driver by expanding our hotel and hospitality portfolio to 12,000 room keys in the next few years, developing more location for MICE activities, and investing in human capital through hospitality training courses. We are also seeing robust growth in our real estate business particularly in our lifestyle malls and hotel operations as consumer spending on leisure activities continues its upward trajectory. Read more: https://lnkd.in/g9Na2a4E

The adoption of hotel technology in African hotels has been steadily increasing, reflecting a global trend in the hospitality industry. Many African hotels are recognizing the benefits of integrating technology to enhance guest experiences, streamline operations, and stay competitive in the market. However, the extent of hotel tech operations success depends on factors like infrastructure, cost considerations, and the ability to adapt to changing technological landscapes. Many hotels are recognizing the importance of finding the right balance between embracing technology and preserving the unique cultural and natural aspects that attract travelers to Africa. Read more on our findings on the right technology hotels might want to explore for a start ⬇️ www.digitaltourism.com #DigitalTourismAfrica #TravelTech #HotelTech

The local hospitality industry marked the beginning of the year with the completion of the RM145 million sale of Holiday Villa Beach Resort & Spa Langkawi by AmanahRaya-Kenedix REIT Manager. Acquired for RM55 million in 2007, the 4-star beach resort was successfully sold to Plenitude Gateway Sdn Bhd, aligning with AmanahRaya REIT's objectives to reduce borrowings, optimize returns, and improve the yield of its asset portfolio. Additionally, ONYX Hospitality Group's expansion in Malaysia includes three new properties, marking a total of seven in its Malaysian portfolio and establishing the country as the first outside Thailand to host all three ONYX brands—Amari, OZO, and Shama. Meanwhile, in response to Sabah's booming tourism, Zerin Properties Group CEO Previndran Singhe emphasizes the pressing need for upscale accommodations to meet demand, with the state government actively attracting hoteliers and initiating various projects, including heritage building conversions, to boost tourism infrastructure. The tourism sector is expected to flourish with increased flights and strengthened ties between Malaysia and China, following the Ministry of Tourism, Arts and Culture's collaborations with major Chinese online travel platforms. In another development, Langkawi anticipates enhanced air connectivity in 2024, with new services from Flydubai and AirAsia Indonesian, expanded services by Malaysia Airlines, and charter flight series with Poland's ITAKA, reflecting the island's growing appeal as a tourist destination with increased international and domestic accessibility. In the international segment, The Ascott Limited's lodging arm, Ascott, expands its lyf brand with the signing of eight new properties, totaling over 30 operational or upcoming lyf properties globally. The new additions span resort and city destinations like Bali, Penang, Sydney, and Frankfurt. For more details on this week’s hospitality updates do view the video below https://lnkd.in/gCw74vdz #zerinproperties #corporaterealestate #corporatetransactions #estateagency #hotelforsale #hotelinvestment #corenetglobal #apac #southeastasia #hotelinvestment #hotelexpansion #motac #ttourismmalaysia #tourismrecovery #airlines #mice #medicaltourism #sustainability #esg #traveltrends #strategicpartnership

In Asia, business travel and meetings, incentives, conference and events (MICE) made a slow but promise return in 2023 while leisure demand continued to largely fuel the continued recovery. 2024 will continue to witness a recovery in travel, with hotel demand across the region continuing abound. ⬇️Download Colliers' latest Asia Hospitality Insights | Q1 2024 to learn more: https://ow.ly/On7J50QLhg2 Talk to our hotels experts Govinda Singh, Zoe Zhou, Junrong Teo, MRICS and Shaman Chellaram for more market insights in the hospitality sector, or for an in-depth discussion on key trends and opportunities in Asia’s hotel industry. #ColliersAPAC #HospitalityTrends #Hotels #Hospitality #Travel

🏨 The Role of Hospitality in the Tourism Industry 🌍 Hospitality is a cornerstone of the tourism industry, playing a crucial role in shaping the overall travel experience. Here’s how it fits in: 1. Accommodation: Hospitality provides the lodging options for travelers, from hotels to bed and breakfasts, ensuring comfort and safety during their stay. 2. Customer Service: Excellent hospitality service enhances the traveler’s experience, offering personalized care and building lasting memories. 3. Food and Beverage: Restaurants, cafes, and catering services within the hospitality sector offer diverse culinary experiences, often reflecting the local culture and cuisine. 4. Events and Entertainment: Hospitality venues host events, conferences, and entertainment, adding value to the tourism experience. 5. Economic Impact: The hospitality industry significantly contributes to the local and global economy by creating jobs and generating revenue. Together, hospitality and tourism create a symbiotic relationship, each enhancing the other’s value and appeal. 🛏️🍽️🎉 #Hospitality #Tourism #TravelIndustry #CustomerService #EconomicImpact

Good Morning! Here are this weeks Hospitality Updates The surge in tourism, particularly in medical tourism, is evidently impacting various sectors positively, as reflected in the financial performances of companies like IGB Bhd, Berjaya Land Bhd, and KPJ Healthcare Bhd. IGB Bhd's remarkable tripled net profit in 1Q24, reaching RM185.3 million, underscores the significant contributions from its hotel segment. With plans to launch the IGB Hotel Rewards app, the company aims to further enhance its performance for the remainder of 2024. Similarly, Berjaya Land Bhd experienced a substantial sixfold increase in net profit to RM29.33 million in Q3FY24. This surge is partly attributed to the rise in tourist arrivals and hotel revenue due to a rise in tourist arrivals and visa exemptions for certain countries. KPJ Healthcare Bhd also saw a significant rise in net profit, up by 38.9% in 1QFY2024. This increase is credited to higher patient numbers and a strategic sale of its aged care business in Australia to focus more on its Malaysian segment, indicating the growing demand for healthcare services, especially in the context of medical tourism. KPJ Healthcare Bhd's recent partnership with Marriot International further demonstrates its commitment to expanding its presence in the health tourism market. Meanwhile, Melaka's tourism industry is poised for further growth as Silver Ridge Holdings Bhd secures a contract to build the Melaka International Cruise Terminal. The state recorded 5.12 million tourist arrivals between January and April 2024 during Visit Melaka Year 2024 (VMY2024), placing it ahead of other states with similar campaigns. This development aligns with Chief Minister Datuk Seri Ab Rauf Yusoh's emphasis on enhancing tourism offerings and fostering cooperation among stakeholders, as demonstrated by the launch of the "Melaka Bila Larut Malam" programme to boost tourism activities in the state. For more details on this week’s hospitality updates, do visit https://lnkd.in/gUNAn8jR #zerinproperties #corporaterealestate #corporatetransactions #estateagency #hotelforsale #hotelinvestment #corenetglobal #apac #southeastasia #hotelinvestment #hotelexpansion #motac #tourismmalaysia #tourismrecovery #airlines #mice #medicaltourism #sustainability #esg #traveltrends #strategicpartnership

Check out Zerin Properties Weekly Hospitality updates below. The local hospitality industry marked the beginning of the year with the completion of the RM145 million sale of Holiday Villa Beach Resort & Spa Langkawi by AmanahRaya-Kenedix REIT Manager. Acquired for RM55 million in 2007, the 4-star beach resort was successfully sold to Plenitude Gateway Sdn Bhd, aligning with AmanahRaya REIT's objectives to reduce borrowings, optimize returns, and improve the yield of its asset portfolio. Additionally, ONYX Hospitality Group's expansion in Malaysia includes three new properties, marking a total of seven in its Malaysian portfolio and establishing the country as the first outside Thailand to host all three ONYX brands-Amari, OZO, and Shama. Meanwhile, in response to Sabah's booming tourism, Zerin Properties Group CEO Previndran Singhe emphasizes the pressing need for upscale accommodations to meet demand, with the state government actively attracting hoteliers and initiating various projects, including heritage building conversions, to boost tourism infrastructure. The tourism sector is expected to flourish with increased flights and strengthened ties between Malaysia and China, following the Ministry of Tourism, Arts and Culture's collaborations with major Chinese online travel platforms. In another development, Langkawi anticipates enhanced air connectivity in 2024, with new services from Flydubai and AirAsia Indonesian, expanded services by Malaysia Airlines, and charter flight series with Poland's ITAKA, reflecting the island's growing appeal as a tourist destination with increased international and domestic accessibility. In the international segment, The Ascott Limited's lodging arm, Ascott, expands its lyf brand with the signing of eight new properties, totaling over 30 operational or upcoming lyf properties globally. The new additions span resort and city destinations like Bali, Penang, Sydney, and Frankfurt. For more details on this week's hospitality updates do view the video below #zerinproperties #corporaterealestate #corporatetransactions #estateagency #hotelforsale #hotelinvestment #corenetglobal #apac #southeastasia #hotelinvestment #hotelexpansion #motac #ttourismmalaysia #tourismrecovery #airlines #mice #medicaltourism #sustainability #esg #traveltrends #strategicpartnership https://lnkd.in/gjQmW2wT

🌟 From new hotel openings to significant tourism recovery efforts and infrastructure developments, here’s what you need to know: Hotel Openings: Courtyard by Marriott Kuala Lumpur South opens in Bloomsvale @ OKR, featuring 278 rooms and extensive event facilities. Tourism Recovery and Visa Exemption: Malaysia anticipates robust recovery in Chinese tourism, targeting over 5 million visitors in 2024 with extended visa exemptions until 2026, bolstered by new flight routes. MM2H Programme Update: The revised Malaysia My Second Home (MM2H) programme aims to attract investors with relaxed requirements, including mandatory property purchases, expected to invigorate the high-end property market. Strong Growth in Tourism Sector: Malaysia’s tourism sector shows promising growth, welcoming 20.14 million international visitors in 2023 and projecting 27.3 million arrivals in 2024, boosting revenue and extending average stays. Airline Expansion and Connectivity: Riyadh Air prepares for its 2025 launch with test flights, including Kuala Lumpur, signalling new direct routes from Saudi Arabia. Turkish Airlines plans increased flights to Malaysia and Indonesia, aiming for enhanced connectivity and fleet expansion. AirAsia resumes flights to Pattaya, expanding travel options to Thailand from Kuala Lumpur and other Malaysian cities. Infrastructure Development: KLIA's Aerotrain Replacement Project advances to complete by January 2025, enhancing passenger experience with new trains and upgraded infrastructure. For more details on this week’s hospitality updates, do visit https://lnkd.in/gUNAn8jR #zerinproperties #corporaterealestate #corporatetransactions #estateagency #hotelforsale #hotelinvestment #corenetglobal #apac #southeastasia #hotelinvestment #hotelexpansion #motac #tourismmalaysia #tourismrecovery #airlines #mice #medicaltourism #sustainability #esg #traveltrends #strategicpartnership