If hospitality in Birmingham is growing, education must grow with it: op-ed - AL.com
Summary
This article discusses the growth of the hospitality sector in Birmingham and emphasizes the need for corresponding growth in education and training to support it. The article's op-ed format suggests a focus on the skills gap and the importance of workforce development in the face of economic growth, particularly related to the STR industry.
Key Insights
- •The op-ed highlights the necessity for educational programs and workforce development to keep pace with the hospitality sector's expansion within Birmingham.
Action Items
- ✓Consider supporting local educational initiatives aimed at training the workforce needed for the hospitality sector to ensure long-term sustainability.Effort: lowImpact: medium
Common Mistakes
- ⚠A failure to address the skills gap in Birmingham could hinder the sustained growth of the local short-term rental market and related businesses.
More from Getting Started
This article from GreekReporter.com reports that Greece is climbing the European short-term rental rankings. While specific details on the rise are not provided in this short article, this suggests a growing opportunity for hosts. It implies increased demand in the Greek market, which presents a dynamic opportunity for STR investors.
Ennismore plans to expand its hotel presence in India, with its first hotel under the Morgans Originals brand, Roswyn, already soft-opened in Mumbai. Following the Mumbai debut, the company plans to open a Hoxton hotel in Bengaluru and is actively exploring further expansion opportunities, recognizing the market's readiness for a luxury lifestyle product.
The short-term rental market's growth is slowing, according to eKathimerini.com. This shift may affect occupancy rates and revenue for hosts. Understanding market trends is crucial for adapting pricing and marketing strategies, ensuring continued profitability.
Curated by Learn STR by GoStudioM