GM Forum 2022 to Feature Presentation by STR
GM Forum 2022 will see a presentation by Karan Mahesh, account manager, Central & South Asia, STR. The presentation - A World View into Hospitality Performance and Recovery through the eyes of the world’s favorite travel bubble - will focus on key trends in hotel performance and updates from across the globe with a deep dive into the Maldives, providing insights into progress since the pandemic and way forward. The presentation will comprise of compelling stories driven by data collected and analysed by STR, a CoStar Group company [NASDAQ: CSGP].
Data Snippets
As the island nation prepares for its historical low season, 2022 witnesses better demand than 2021 on all days represented. Robustness in the booking pipeline with good lead time indicates ample opportunities to drive rates.
As international borders open further; and travel restrictions ease in different countries, demand for travel is projected to increase here-on. Competition from other international alternative destinations may play a role in diverting some business, but Maldives has shown itself to adapt extremely well to changing source markets.
The presentation will answer questions such as ‘How will this chart look like in September?’, ‘How are winters shaping up this year?’, ‘Are rates projected to increase over 2021?’, and ‘What are some other signs you can look out for?’.
About STR
STR, a CoStar Group company [NASDAQ: CSGP], tracks daily historic and future supply and demand data as well as monthly financial data for the hospitality industry. STR provides valuable market share analysis for global hotel and investment companies and agencies across the globe.
Karan Mahesh leads the efforts for STR in Central & South Asia, predominantly looking into India, Maldives, Sri Lanka, Bangladesh, Nepal and Bhutan. Having worked previously in client facing, analytical & strategic sales roles with leading hospitality brands of renowned luxury hotels in India, Karan has been involved in core strategy teams for multiple hotel projects in the country. In his current capacity, he often presents industry updates and latest trends on hospitality performance in the region. His interests span across hospitality, mixology, music & sports.
GM Forum 2022 is scheduled to take place on 15th September 2022 at Kurumba Maldives.
Related Posts
Maldives bags ‘Best Sea Destination’ award at Italia Travel Awards 2017
[vc_row][vc_column][vc_column_text]Maldives has been named the ‘Best Sea Destination’ at the Italia Travel awards 2017. Maldives was awarded the title, competing with Seychelles and Polynesia, at a special gala event held at the Roman Aquarium, Rome. The annual Italia Travel Awards are held to celebrate the commitment and expertise in the Italian tourism sector and is […]
Resort News Weekly Roundup
[vc_row][vc_column][vc_column_text] Huvafen Fushi unveils RAW: Revitalising Addictive Wellness, an all-new wellness restaurant Huvafen Fushi has unveiled RAW: Revitalising Addictive Wellness – a new wellness restaurant which will awaken guests’ senses with pure, unrefined cuisines. Hovering over an ethereal realm of water, above the world’s first underwater spa, PEARL, the innovative dining venue captivates with unadulterated […]
The Ritz-Carlton Maldives, Fari Islands: Empowerment & Entrepreneurship Illuminate International Women’s Day
The Ritz-Carlton Maldives, Fari Islands hosted an enriching event in honor of International Women’s Day, creating a platform for women entrepreneurs from the Maldives to share their inspiring stories of challenge and success. This gathering was not just an event but an experience, immersing attendees in the powerful narratives of determination and resilience that define […]
