EDITOR'S COMMENT
• As the harrowing news from Ukraine continues to emerge, alongside the charitable initiatives being rolled out, the economic sanctions being imposed on Russia will have sizeable knock-on implications for the global travel and hospitality industries.
After the first part of our feature piece analysing the industries' responses to the crisis went live last week, my colleague Eloise Hanson [Boutique Hotel News editor] and I have analysed the aftershocks of the war, including the impact on energy prices and operating costs, the recovery of and effect on the luxury travel market, and what happens next to Russian-owned assets. Read the feature in full at this link.
• Focusing back on the rental landscape, there has been yet more evidence this week of accelerating convergence between the hotel and short-term rental real estate asset classes.
Following on from Marriott [Homes & Villas], Accor [Apartments & Villas], Four Seasons [Private Retreats] and Relais & Châteaux [Villas], Mandarin Oriental is the latest major hotel brand to venture into the rental space by launching its Exclusive Homes division in partnership with rental membership platform StayOne.
Furthermore, hospitality business intelligence platform OTA Insight has bought Transparent to create "the most comprehensive platform for data and analytics in the short-term rental and hotel industries". As it gets harder to categorise units and demand for in-depth market intelligence surges, the lines are rapidly becoming more blurred between lodging providers, so it makes perfect sense to leverage each other's audiences.
• We have already seen huge interest in the 2022 Shortyz Awards and now the entries deadline for this year's awards has been extended until Tuesday 22 March [23:59 GMT]. Enter as many of the 20 categories as you wish and are relevant for at no cost by following this link to our awards platform. The 2022 Shortyz Awards will take place at The Skyline London on Wednesday 18 May.
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