The hall of fame & the hospitality industry
Major celebrities are being drawn to investment in the luxury hotel industry. They are known to have a fabulous lifestyle, mansions, jewelry and more. All of this also brings an entrepreneur mindset to the table to shoot to winning investment fields. This is not recent news of course, we saw Robert De Niro turn co-owner of Nobu Hospitality and Nobu Restaurants, with well known chef Nobuyuki “Nobu” Matsuhisa and movie producer Meir Teper. Also We have Leonardo Dicaprio, leading the Blackadore Caye, his own place in the Blackadore Caye located in Belize, Central America. Even though celebrities investing in the accommodation industry is not top of mind in current topics. It hasn't stopped as a trend. Few months ago I read the Dominican Today blog, focused on important projects in Miches with billions of dollars in investments. Shakira, Jay Z and Vin Diesel are some of the names found in the investment to build new exotic places in the Dominican Republic. All these investment moves are not exclusive for the Hollywood or music industry figures. Sport players are not only standing out in a hall of fame. Tennis star Rafael Nadal made a 14 millions Euros investment in two hotels in Cozumel,
Increase in delivery service due to the pandemic
Faced with the strong impact that the global economy received as a result of COVID-19, the food delivery service expanded by leaps and bounds. As its nature describes it, this resource was the only one that left its doors open for bars and restaurants to quickly mobilize towards their customers and continue to operate. Despite the fact that many countries did not show interest in delivery applications, in 2020 there were increases in the furthest behind. María Bertorch , an expert in the food service industry at NPD Group, an American market research company, exposes the Anglo-Saxon countries as the protagonists of this change. " In France, only 6% of" orders were placed on delivery "in 2020, compared to 3% in 2019. In Great Britain, this proportion was 17% last year, compared to 9% in 2019" . Similarly, in a survey carried out by Deliveroo, a Delivery app in Spain, I read about how 40% of the businesses associated with the platform assured that they would have been forced to close in the next six months if it were not for the implementation of delivery to their business model, that is, today they had their doors closed. Now, you have to take into
Young Dominican gastronomic talent begins specialization at a top Spanish culinary school
Elvis Hidalgo is taking a five-week workshop to perfect his culinary techniques at the prestigious Basque Culinary Center in San Sebastian after having been the best performing student in the Diploma of Creative Cuisine, an initiative of businessman Danilo Diazgranados, taught by the INFOTEP School of Hotel Management, Gastronomy and Pastry. Santo Domingo, June 2021 - After Elvis Hidalgo postponed his studies at the Basque Culinary Center in Spain due to the pandemic, today the 25 year-old student from San Francisco de Macorís is fulfilling his dream and attending classes at one of the most outstanding gastronomy schools in Europe. Elvis has been attending the Culinary Techniques Improvement Training Program at the center based in San Sebastian-Donostia, in the Basque Country. It is a pioneering academic institution worldwide whose board of trustees includes eight of the best Basque chefs, such as Martin Berasategui, Pedro Subijana, Juan Mari Arzak, Karlos Arguiñano and Andoni Aduriz. Its International Council also includes chefs of the stature of Ferrán Adriá, Michel Bras, Heston Blumenthal, Dominique Crenn, Joan Roca, Gastón Acurio and Massimo Bottura. For five weeks, the young Franco-Macorisian will have the opportunity to consolidate his knowledge and acquire new skills in the preparation and presentation of dishes.
Is it a good time to invest in hotels?
Many hotel companies will put part of their assets up for sale. As Laura Hernando , Managing Director of the Colliers International hotels department said : "There will be access to hotels that, without a pandemic, the owners probably would not have considered selling." In the case of Riu Hotels, there were three hotels in Spain, Portugal and Panama. The NH chain is another that emerges from its subsidiaries in Mexico and the Dominican Republic.
Technology becomes key to the real estate business
Building structures have evolved according to the needs that human beings have created for themselves. They have been more or less sophisticated, depending on the technologies available at the time and the purchasing power of people to include them in their living spaces. Each of these aspects is associated with technology to create more advanced and comfortable homes.
Business trends post COVID-19
During COVID19, many companies and businesses closed their doors. However, it is clear that it has been a year of reinventing ourselves, adapting to a new normal of making business, identifying new entrepreneurial opportunities and new innovative trends that have changed the course of many business models that lead the world.
Invest in technology: more relevant to the hospitality industry
Digital transformation has accelerated due to the COVID-19 pandemic. We have no doubt about that. Therefore, investment in technology gains weight in business strategies and budgets, regardless of the size of the company. Even for the smallest, incorporating technologies into your management can make the difference between surviving and getting ahead or disappearing. In the case of hospitality, digitization of processes in areas such as reservations, finance and marketing, had been gradually ascending. In the first case, for example, the irruption in the tourism sector of technological intermediation platforms for the purchase of vacations, and even for bookings of business trips, for example, forced companies to rethink the fare management with very different tools compared to those which had been used before. The direct -or through agency- purchase model had given way to clicking from a mobile device to reserve a room, an airplane seat or a complete vacation. The pandemic, so damaging for the hospitality industry, has increased our need for security and our digital lives. And that's going to stay that way after it is ended. For example, contact less habit will stay forever. We will continue to want to avoid touching anything that is not essential and this, for example,
Big Ideas to survive challenging times
Restaurateurs around the world are doing extraordinarily creative things to survive during the pandemic.
Soon reservations may not be so easy to get
Tragically, some iconic restaurants have closed for good over the past year. But with $29 billion in funding from the American Rescue Plan and more than a hundred million jabs in arms so far, better days may be right around the corner. And some of our favorite dining spots may be well positioned for a roaring come back.
Be prepared for a very different guest experience
Although hospitality has its roots as far back as ancient Greece, the hotel industry is in for its most significant changes yet. Post-COVID, guests will want a touch-free experience, at check in, in the room and gym, and at check out.