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KPIs to Look Out For in a Hotel P&L Statement
A hotel profit and loss (P&L) statement provides an analysis of a hotel’s revenue, cost, and profit performance. It helps one understand how much bottom-line margin the property is making. Therefore, it is essential for any hotel manager to fully understand each line item of their P&L statement, and where pertinent, how to interpret the […]
International Tourism Arrivals Could Fall by 20-30% in 2020: UNWTO
The World Tourism Organization (UNWTO) has released its updated assessment of the likely impact of the COVID-19 on international tourism. Taking into account the unparalleled introduction of travel restrictions across the world, the United Nations specialized agency for tourism expects that international tourist arrivals will be down by 20% to 30% in 2020 when compared […]
Savaadheeththa Dhathuru Set Sail to Journey through the Maldives
‘Savaadheeththa Dhathuru’ yacht rally organised by the Maldives Integrated Tourism Development Corporation (MITDC) commenced on 5th February 2022 from HA. Hoarafushi, the most northern atoll of the country. The rally will take a course of three weeks to reach the end point in Baa Atoll, depicting the voyage of Boduthakurufaanu, one of the most revered […]