作者

Richard Bursby

合伙人

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Elisabeth Heide

高级律师

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Jack Wain

律师

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作者

Richard Bursby

合伙人

Read More

Elisabeth Heide

高级律师

Read More

Jack Wain

律师

Read More

2019年11月28日

Hospitality in the News - 28 November 2019

Your latest instalment of articles and opinions from across the Hospitality sector.

TW: thinkingdifferently

Where is everybody?

In the UK we are very aware of the impact Brexit is having on the supply of labour in the hospitality industry, but were you aware that the whole hospitality industry in the developed world faces a long term labour supply shortage as a result of there being fewer babies? The fertility rate is the number of babies per woman. The replacement level – the total fertility rate needed in developed countries to keep the population constant - is 2.1. The OECD average in 2018 is 1.6. In South Korea it's 0.98. In Italy it's 1.4. In the USA it was 1.8 in 2016 and is falling. In fact, in the US, the fertility rate has fallen 15% since 2007. The financial crisis of 2008 put the skids on baby making, with a sharp decline in fertility rates, and the improvement in the economy since has not been matched by a reverse. Globally, the population is rising through a mixture of people living longer and higher fertility rates in the developing world. The impact of this is many many years away, but unless borders come down and global movement of people becomes easier, businesses planning long term need to consider how fewer babies (and therefore people of working age) will impact the hospitality industry.

Of course, this challenge presents an opportunity for robotics, automation and tech to provide a solution. #TravelTech

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Did you know?

There is an official Transportation Security Administration guide to determine which Thanksgiving foods should go in a carry-on or checked bag… Happy Thanksgiving y'all!


Latest news

Airbnb and the Olympics are now official partners
(The Guardian)

London hotel acquisitions on the rise
(Hotel Owner)

European hotel group suffers major data breach
(SC Magazine UK)

Oyo’s increasing losses
(Skift)

Google’s search ad hurting OTAs
(Bloomberg)

Whitbread plans to eliminate unnecessary single-use plastic
(Hotel Magazine)

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