Tag: hospitality industry

News

Les Roches Creates a Foundation to Drive Research and Improvement in the Hospitality Industry

May 28, 2024 by Mansi Praharaj 0 Comments #Carlos Díez de la Lastra, #hospitality industry, #Spark X Foundation

Marbella/Madrid, May 28, 2024. Les Roches, a leading institution in hospitality management education, has created the Spark X Foundation, a non-profit organization that will promote innovation, technology, and sustainability to improve both customer and employee experiences. Committed to inclusion, diversity, and a positive and lasting social impact, the foundation will base its mission on digital culture, sustainable development, acquiring new skills, and creating new opportunities.

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  Spark X Foundation will have two collegiate bodies, the ESG Advisory Board, composed of representatives from tourist destinations, associations, and federations, and the Strategy Advisory Board, made up of renowned professionals in different fields. Their work will enable collaboration and knowledge exchange between the industry, administration, and the educational community, fostering joint projects, business opportunities, and strategic alliances. The Advisory Boards, essential components for achieving the Foundation’s goals and activities, will include Arturo Bernal, Minister of Tourism, Culture, and Sports of the Junta de Andalucía; Francisco de la Torre, Mayor of Málaga; Ángeles Muñoz, Mayor of Marbella; Javier Gonzalez de la Lara y Sarria, President of CEA & CEM and Vice President of the Spanish Confederation of Business Organizations (CEOE); Maribel Rodriguez Gamero, Senior Vice President of the World Travel and Tourism Council (WTTC); Natalia Bayona, Executive Director of UN Tourism (UNWTO); Gonzaga Escauriaza, President of the Royal Spanish Golf Federation; José Luque, President of the Costa del Sol Hotel Entrepreneurs Association (Aehcos); Cristina Martín Blasi, Executive President of Luxury Spain; Francisco José Sardón, President of PREDIF; María Bravo, President of Global Gift Foundation; Mónica Esteban, Founder and President of Juegaterapia; as well as Dimas Gimeno, Executive President of WOW Concept; José Ángel Preciados, CEO of ILUNION Hotels; Nuño de la Rosa, CEO of Air Europa; Joan Roca, Founder of El Celler de Can Roca; Mari Francis Peñarroya, CEO of Holiday World (Grupo Peñarroya); Lisardo Morán Urdiales, Managing Director of Tourism and Sport of Andalucía; Sonia Diez, President of EducAccion; Carlos Mateo, President of the Spanish Startup Association (AES); Ignacio Maluquer, CEO of Starlite; and Pedro Ruiz Aragoneses, CEO of Alma Carraovejas.

 Moreover, the Spark X Universe network, composed of customer service organizers, industrial solution providers, academic institutions, public organizations, and associations, will lead solutions suitable for implementation in the industry.

 Carlos Díez de la Lastra, CEO of Les Roches and President of Spark X Foundation, asserts: “Hospitality needs to stay ahead to remain the primary economic source it is and to thrive in a constantly changing environment. With Spark X Foundation, we aim to create a meeting point where we can support and nurture new talent with the expertise offered by great industry leaders and the international business sector. Only through the union of all hospitality actors, debate, and interaction with innovation will it be possible to elevate the overall experience of both the customer and the employee to the highest level.”
Spark X Foundation is part of Sommet Education, the prestigious hospitality education ecosystem that includes renown institutions such as Les Roches, Glion Institute of Higher Education, École Ducasse, Invictus Education, and the Indian School of Hospitality.

 Equal Opportunities and Economic Growth
Spark X Foundation will operate in four key areas:
Society: They will advocate for equal opportunities in the sector regardless of personal circumstances and democratize access to education through scholarships and training programs.

Planet: They will develop innovative solutions to minimize the environmental impact of the tourism industry through education based on environmental awareness, the use of clean technologies, and the adoption of sustainable management practices.

Industry: They will bring together different sector players to promote the exchange of ideas and dialogue on challenges, opportunities, and critical issues.
Cooperation: They will collaborate with professionals, companies, and institutions worldwide to tackle global problems and promote intercultural understanding, peace, and international cooperation.
Three Innovation Spaces
Spark X Foundation will be distributed across three interconnected spaces dedicated to the search and transfer of knowledge, interaction, and collaboration in idea development:
Innovation Hub: Representatives of federations and associations, public entities, and leading companies in products, services, and customer service will analyze challenges and develop innovative proposals.

Living Labs: The Les Roches campus and a series of selected destinations will become experiential training environments where students, teachers, consultants, and alumni will develop solutions aimed at improving customer and employee experiences.

X Center: This is the bridge between research and its practical application, reflecting the industry’s evolution. In this space, both students and industry professionals with established careers will train in the latest trends and technological advances.

As part of its support for emerging talent, the foundation will have an acceleration program for disruptive startups that create positive change in the hospitality sector. This program will offer comprehensive support, advice, mentoring, and access to resources and facilities so that startups can reach their full potential. Additionally, they will organize forums, talks, and summits that will serve as a space for exchanging ideas and connecting with other industry leaders.

pexels-quark-studio-2506990-hospitality-industry
Business World

RevPAR in top six Indian cities decreased by 48% YoY in Q1 2021: JLL

May 20, 2021 by Neel Achary 0 Comments #hospitality industry

Mumbai, 20 May 2021 –India’s hospitality industry witnessed a decline of 38.7% in Revenue Per Available Room (RevPAR) during Q1 2021 as compared to Q1 2020, according to JLL’s Hotel Momentum India (HMI) Q1 2021, a quarterly hospitality sector monitor. Additionally, RevPAR in the top six cities has decreased by 48% in Q1 2021 as compared to Q1 2020.

The recovery of the sector has been primarily driven by the leisure segment performing notably well. A total number of signings in Q1 2021 stood at 28 hotels comprising of 2,064 keys, recording a decline of 53% compared to the same period last year. International operators dominated signings over domestic operators with a ratio of 54:46 in terms of inventory volume.

Jaideep Dang, Managing Director, Hotels and Hospitality Group, South Asia, JLL
Jaideep Dang, Managing Director, Hotels and Hospitality Group, South Asia, JLL

Goa grew to be the RevPAR leader in absolute terms, despite the single-digit decline of RevPAR by 1.1 percent in Q1 2021 compared to Q1 2020. This was due to a 6.4% increase in occupancy levels. Demand for domestic leisure travel amidst international travel restrictions continues to make Goa the fastest recovering market in absolute term.

Bengaluru saw the sharpest decline in RevPAR in Q1 2021, with a 60.6% decline compared to the same period of the previous year.

Demand and supply of operational inventory in six major cities declined by 6.7% and 4.2% respectively in the first quarter of 2021.

“In Q1 2021, the hospitality industry witnessed a revival, with most leisure markets performing exceptionally well. The pace of recovery started picking up due to an increase in corporate travel but it was short-lived as the onset of the second wave brought back travel restrictions and derailed the recovery. We expect that the hospitality sector in India will mostly remain under stress in 2021. However, the hotels are much more nimble and better prepared in terms of their SOPs and cost structures to navigate business interruptions this year. A few trades may emerge in the hotel investment space given the dynamic cash flow situations,” said Jaideep Dang, Managing Director, Hotels and Hospitality Group, South Asia, JLL.

Business World

Outlet Buddy – One Stop Solution for Cloud Kitchens

Feb 23, 2021 by Neel Achary 0 Comments #Cloud Kitchens, #founder of Outlet Buddy, #hospitality industry, #Loveneet Singh

With the hospitality industry hit hard by the pandemic, the industry is facing a nightmare. Even with the government-applied unlocks, it is seen that the restaurant industry is still facing losses in sales and capital. With consumer demand for home-delivered meals booming, venturing into the cloud kitchen business struck 2 friends, Inderdeep Singh & Loveneet Singh – the smart thing to do, and thus they launched Outlet Buddy.

Outlet Buddy is just like your regular kitchen, the only difference is that it operates online making it much more convenient for their Merchants and other restaurant owners by giving them all, one single point of interaction to order food. Hence, Restaurants don’t need to shop from multiple vendors for Raw material and can simply order all their dishes from one window.

In the current industry scenario, one can’t call time of death on dine-in restaurant services, the fact remains that even two months after Unlock 1.0, the business has been slow and, if restaurants are to make up for the losses caused by the Corona Virus outbreak and secure a firmer footing for the future, – collaboration and coexisting(done effectively) seems like a convenient way forward. While Restaurants order from Outletbuddy for serving their customers, their much-adored meals, Outletbuddy also helps you in cutting your rental, HR, and capital cost by offering its Merchants Shared Cloud kitchens.

We also have a tempting opportunity for entrepreneurs and restauranteurs to earn great profits by getting a franchise. Our franchise is based on the Foco Model (Franchise owned Company operated) where one needs to invest only once and start reaping benefits from day one. The investment is based on the kind/ number of brands the Merchant wishes to invest in. This model is especially enticing for restaurants that are closed because of COVID, who have full-fledged kitchens and would like to run 3-4 brands collectively from that kitchen, (in some cases) including their own brands, hence Outlet buddy also reignites the brand presence.

We at Outlet Buddy, endeavor to make the life for Restaurant owners simpler by providing them completely cooked dishes, at the right temperature, so a dish simply should be warmed before it’s stuffed or served to be savored by the client at long last.” Says  Loveneet Singh, founder of Outlet Buddy. “When our Buddy Client orders from us we dispatch the affirmed request and focus on same-day delivery. We intend to be the Kitchen for all our Buddy Clients, so they can concentrate on selling and furthermore scaling to other locations, without worrying about the huge sums of capital involved for setting up a full-fledged kitchen every time”. He adds

The future of cloud kitchens is bright. With lots of brands entering, there’s been a lot of change and innovation, in packaging, contactless options, etc. Outlet Buddy offers ways in which customers can get the best experience possible at the comforts of their own place.

Business World

India’s hospitality industry witnesses decline of 52.8% in RevPAR during the first three quarters of 2020: JLL

Nov 11, 2020 by Gouri Achary 0 Comments #hospitality industry, #Hotels & Hospitality Group (India), #Jaideep Dang, #JLL

India’s hospitality industry has witnessed a decline of 52.8% in Revenue Per Available Room (RevPAR) during January to September (YTD Sept) 2020 over the same period last year due to the impact of Covid-19 pandemic, according to JLL’s Hotel Momentum India (HMI) Q3 2020, a quarterly hospitality sector monitor. Overall, in inventory volume, the brand signings declined by 19% in Q3 2020 over Q3 2019, however international operators signed a greater number of keys than domestic ones.

All key 11 markets in India reported a decrease in RevPAR Performance in Q3 2020 over the same period last year. Mumbai continues to be the RevPAR leader in absolute terms, despite the decline of RevPAR by 71.7% in Q3 2020 compared to Q3 2019 whereas Bengaluru saw the sharpest decline in RevPAR in Q3 2020, with 88.1% decline compared to the same period in the previous year.

According to the findings of HMI Q3 2020, international operators dominated signings over domestic operators with the ratio of 53:47 in terms of inventory volume. Demand in leisure destinations began seeing weekend occupancy spikes as the lockdown restrictions were further lifted in August.

JLL Hotel Momentum India

 

 

 

 

 

 

 

Source: STR

Other cities such as Pune (86.2%), Kolkata (82.6%) and Goa (78.8%) also witnessed sharp declines in RevPAR.

Jaideep Dang“Investors are taking interest in exploring operational hotel opportunities both in business and in leisure locations. With the phased unlocking of the economy in the third quarter of 2020, we are witnessing gradual growth in demand particularly in leisure market with weekend occupancy spikes”, says Jaideep Dang, Managing Director, Hotels & Hospitality Group (India), JLL.

A total number of signings in Q3 of 2020 stood at 24 hotels comprising of 2,314 keys recording a decline of 19% compared to the same period last year. The Reserve Bank of India (RBI) has announced de-linking hotels from commercial real estate enabling hotels to seek capital loans from banks and ease out liquidity issues, especially for new hotel projects.