russell kett
7 Changes the UK’s Hotel Sector Can’t Afford to Ignore
HVS | January 13, 2022
The pandemic, Brexit and ongoing supply issues have prompted key changes in the UK’s hotel sector, many of which are long-term, if not permanent. ‘The past 18 months has been an unprecedented time for hotels. In order to survive, businesses must embrace change across their entire operation and do so quickly,’ says HVS London chairman Russell Kett, who outlines seven changes that businesses can’t afford to ignore as we move into 2022. 1. Reliance on technology: The use of smart rooms, digital reception, keyless rooms entry, smart payment, smart check-in/-out – with some hotels eliminating the need for a front-of-h...
HVS Webinar Recap: Cross-Border Hotel Investment Between the UAE and Israel
Russell Kett | April 16, 2021
By Russell Kett The first-ever webinar on Cross-Border Hotel Investment between the UAE and Israel took place last week, jointly presented by HVS at the Israel Ministry of Tourism, the UAE-Israel Business Council and Copeland Hospitality. More than 230 delegates from the hospitality industry worldwide gathered online to hear contributions from MK Orit Farkash-Hacohen, Minister of Tourism of the State of Israel, and her ministry colleagues Amir Halevi and Lorin Maugery. Robin Rossman of STR presented an analysis of the recent performance of hotels in the UAE and Israel, followed by an interview with Kamal Naamani of the A...
The Impact of COVID-19 on the European Hotel Sector
Russell Kett | September 24, 2020
By Russell Kett There is no doubt that the COVID-19 pandemic has had a most dramatic effect on the hotel business throughout Europe and words like ‘unprecedented’ and ‘unique’ are used liberally to describe the situation. Performance data from STR for the first half of the year compared with 2019 show how dramatic the effect on the hotel sector has been with RevPAR since March 2020 nose-diving, with many hotels closing their doors. Figure 1 shows the performance of those hotels which remained open during this period. (Adding in those hotels achieving zero RevPAR would make the graph look worse still.) Figure 1: European Hotels R...
Hotel Investors Across Europe Have ‘Wall of Money’ and Confidence in the Sector’s Ability to Recover, Hears Webinar
HVS | September 17, 2020
17 September 2020, London: A webinar held this week [15th September] hosted by HVS, AlixPartners, Bird & Bird and EP Magazine, heard a distinguished panel of experts debate the impact of the global pandemic on hotel values across Europe and whether it had in fact, created an investment opportunity. HVS London chairman Russell Kett kicked off the session by noting the improved performance of hotels in July, compared with April of this year, despite many properties remaining closed. “Things have started to move in those properties that have re-opened,” he said, “business is starting to come back. These are good signs with strong in...
Multi-Year Recovery Along With New Opportunities for the Travel and Hospitality Sector, Predicts HVS Global Leadership
HVS | September 10, 2020
DENVER, CO, September 10, 2020: HVS senior management across the globe hosted a webinar on September 8, 2020, to offer expert perspectives on key hospitality topics including how the COVID-19 pandemic has affected their respective regions and the kind of recovery hoteliers can anticipate, as well as the long-term changes the sector is likely to experience. Opened by CEO Stephen Rushmore and moderated by HVS London Chairman Russell Kett, the webinar also included a straw poll, in which 51% of the over 1,800 global participants said they expected RevPAR (rooms revenue per available room) to return to pre-COVID-19 levels during 2023, wit...
Israel Set to ‘Bounce Back’ From Pandemic as Lessons Have Been Learned Before, Hears Webinar
HVS | September 2, 2020
02 September 2020, London: In a buoyant message to a webinar audience of some 300 hotel operators, investors and owners, held yesterday [1 September 2020] Israel’s Minister of Tourism was confident the country’s hotel sector would make a full recovery post-Covid, because historically the country had done so before. Asaf Zamir, speaking on an international webinar hosted jointly by HVS and the Israel Tourism Ministry, said: “because of the country’s history – with war and security – it has learnt how to bounce back more than anywhere, because we know how to do it.” Israel’s tourism sector, he said, was already showing rec...
Israel Hotel Market Overview 2020 – The Path to Recovery
Simon Hulten | August 5, 2020
By Simon Hulten, Russell Kett Foreword The restrictions imposed due to the COVID-19 pandemic have severely hit every sector across the globe, and the hospitality industry is undeniably among the hardest hit. In Israel, strict lockdown measures were implemented in mid-March, forcing all except non-essential businesses to close, including most of the country’s hotels. Fortunately, there is light at the end of the tunnel for the lockdown phase and, on 4 May 2020, Prime Minister Netanyahu outlined a gradual easing of lockdown restrictions; the focus of hoteliers has thus shifted from how to manage the closure to developing a sound reopenin...
Hotel Operators Must Be flexible, Be Lean and React Quickly to Change, Says HVS Webinar Panellists
HVS | July 9, 2020
09 July 2020, London: Financing the cost of re-opening the hotel sector was the hot topic tackled in the second hotel webinar organised by global hotel consultancy HVS, legal firm Bird & Bird, EP Hospitality and AlixPartners, which was held yesterday [8th July]. The seminar, with nearly 350 industry executives attending, kicked off with an overview from EP Hospitality chief executive Chris Sheppardson, who said that Covid-19 was “the greatest catalyst for change for the last 60 years”. It’s vital, he said, to share information and communicate as noone has ever experienced anything with such a far-reaching impact.AlixPartners’ m...
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