What’s Going On With Oyo, 10 Months Into the Pandemic

Oyo

Oyo founder and CEO Ritesh Agarwal claimed the chain is back to around 80 percent of its revenue compared with the start of the year. Oyo

Skift Take: Oyo and its founder have long been accused of being heavy on spin even though all acknowledge that the hotel chain has been a category creator. This interview is excellent because Agarwal faced tough questioning. We know a politician who would have walked out.

— Dennis Schaal

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The Rescheduled Summer Olympics Won’t Save Struggling Japanese Hotels

Arne Müseler  / Wikimedia

Hoshino Resorts isn’t banking on the 2020 Summer Olympics (to open next year at Japan National Stadium, pictured) to assist in getting back to pre-pandemic revenue levels. Arne Müseler / Wikimedia

Skift Take: Athletes go for gold at the Olympic Games, but hoteliers don’t typically walk away with many prizes in the form of long-term revenue gains from the global mega-event.

— Cameron Sperance

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Caribbean Destinations Forced to Rethink Tourism Strategies as Cruises Face Huge Challenges

Onion  / Flickr

Back in the day, ships like this one from Crown Princess, picture here in Barbados, were among the drivers of local tourism in the Caribbean. Onion / Flickr

Skift Take: The world’s primary cruise destination, the Caribbean, has been reeling from the prolonged absence of cruise lines. But there’s no going back to multiple big ships anytime soon — a silver lining for destinations pushed now to maximize quality over quantity with smaller scale, high-value and green tourism.

— Lebawit Lily Girma

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Accor’s Lifestyle Brand Expansion Continues With Mondrian Return to London

Mondrian Shoreditch London

Accor and SBE are bringing the Mondrian brand back to London as part of a 10-hotel expansion for the brand through 2022. Mondrian Shoreditch London

Skift Take: Mondrian’s London return may only entail one hotel, but it represents the beginning of a massive development pipeline for Accor’s lifestyle hotel division.

— Cameron Sperance

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