Italy Shows Steep Declines For October

According to the latest hotel data from STR Global, Italian revenue per available room (RevPAR) dopped 20 percent to €99 for October.
For Italian hoteliers it’s nothing new. Declines have been back to back since May 2008. Turin was the only city to show growth, up 18-percent from the previous month.
Room occupancy dropped 13% across Italy from October 2007 to October 2008. The dark numbers from October worsen the already dreary year-to-date figures when compared to year to October 2007 figures.
“Demand has been falling in the main Italian cities since spring this year”, commented James Chappell, managing director of STR Global. “Milan and Turin have only started to see declining demand levels since July and September, respectively, which will put pressures upon their occupancy and average rate levels as we have seen in other Italian cites”.
“So far, Turin countered the country-wide trend through its increased marketing activities, increased cultural events and MICE (meeting, incentive, conference and event) business”, said Marco Malacrida, area director of STR Global in Italy. “The city’s increased destination marketing campaigns in national and international media, promoting multiple cultural and gastronomic events, combined with addition of new branded hotels and refurbishment of existing room stock boosted Turin’s hotel offering”.

TMI Asia_Pacific: Now’s The Time To Hire
According to TMS Asia-Pacific, hiring moratoriums are best lifted as today’s market has been inundated with available talent, the “best… seen in years.”
TMS also sites the forecasted upturn that is predicted in global business in the year ahead.
We have seen a major shift in the market in recent weeks with yesterday’s job-heavy, candidate-light scenario being almost completely reversed on an overnight basis,” he said.
“The upside of this is that we are now starting to see some very strong talent emerge - in fact some of the best we have seen in a number of years.
“Now is the ideal time to hire supreme talent to ensure companies are meeting their service level agreements.”
Turbulent times often see some high quality talent freed up as businesses restructure to try and cope with economic pressures. The financial crisis that has been hitting world markets very heavily for the past 6 months has set loose a large number of highly trained professionals that haven’t been seen on the market in years.
TMS is a top-tier specialist travel, tourism and hospitality recruitment and HR services company. With offices in Adelaide, Brisbane, Melbourne, Perth and Sydney, as well as overseas at Auckland, Bangkok, Dubai, Hong Kong, Shanghai and SIngapore, TMS is routinely interacting and facilitating the placement of hotel professionals.