hospitality trends

/Tag: hospitality trends

hospitality trends

Mixed Travel Signals Ahead for Summer,& But Hotel Revenue Is There if You Want It

May 14, 2019

There is no shortage of mixed opinions on this summer's travel outlook. While some outlets project increases in rate and demand, we suggest you'd better make up your own mind. That's because rising averages don't always reflect independent owner operators, who are often left behind in the massive changes we are facing together as an industry. We were speaking to a good friend from China recently, and his outlook was that unless companies and hoteliers team-up together, new and existing threats to the industry will put the midscale & economy market at a significant disadvantage within 5 years. Just a few of the Key Irreversible Tr...

New Research Study Explores Trends to Meet Consumer of the Future Needs

IHG | April 29, 2019

The end of room types, robots at the concierge and achieving 'cult status': new Amadeus-IHG research asks if this is the future of hospitality? New research study, Drivers of Change in Hospitality, explores the changes we can expect as guest insight, technology optimization and the ability to hyper-personalize take effect. Informed by over 7,500 consumers worldwide and industry experts, the study identifies three trends that the sector must respond to meet the needs of the consumer of the future. Traditional room types have been around forever - single, double, twin, suite or family room. It's a tried and tested format, beloved by hotel...

U.S. Citizen International Outbound Travel Up Six Percent in 2018

April 3, 2019

Annual 2018/2017 Comparisons U.S. air travel to overseas markets (1) totaled 41.8 million, up nine percent for the year. Regional results were: Europe, 17.7 million travelers, up 12 percent Caribbean, 8.3 million travelers, up five percent Asia, 6.3 million travelers, up eight percent Central America, 3.2 million travelers, up seven percent Middle East, 2.4 million travelers, up six percent South America, 2.1 million travelers, up nine percent Oceania, 861,000 travelers, up 11 percent Africa, 432,000 travelers, up seven percent U.S. travel to North American markets totaled 51.3 million, up four percent compared to 2017. To M...

Hotel Price Index From Finds Passion for Travel Is Still on the Rise | April 2, 2019

DALLAS, April 2, 2019 -- There's no sign of a slowdown for the global travel industry, according to the latest Hotel Price Index™ (HPI™) from™. The prices travelers paid for overnight accommodation rose 3 percent globally in 2018, with every regional index, except the Pacific, receiving a boost. The growth in travel comes despite uncertainty such as Brexit, the wildfires in California, drought in South Africa and earthquakes in Japan. Travelers also showed resilience and renewed confidence in destinations touched by unrest like Paris, Egypt and Turkey, as well as regions experiencing currency fluctuation...

Why Coworking Is Coming to Hotels

February 21, 2019

It's not just offices that are adapting to new, flexible ways of working and an increasingly mobile workforce. Growing numbers of hotels are also looking to get involved in the flexible space boom, transforming underused spaces in communal areas or outdated business centers into modern, vibrant coworking spaces. The Virgin hotel in Chicago has a monthly membership model for its coworking space, the Virgin Commons Club, which includes a bar, private meeting areas, free drinks, a library, Wi-Fi and wireless printing. The lobby of the Ace Hotel in New York attracts coworkers with its plentiful outlets, communal tables and a lobby bar that ...

2019 Travel and Hospitality Industry Outlook

Deloitte Center for Industry Insights | January 31, 2019

Key trends powering growth in a technology-driven industry A strong economy, rising global consumer purchasing power, and digital innovation have all fueled record growth in the travel and hospitality industry. But there are still several challenges that could throw the industry off course in 2019. What are the biggest trends likely to shape hospitality, airlines, cruises, and ground transportation in the year ahead? Key US travel and hospitality industry trends for 2019 2019 marks a decade since the US travel industry emerged from the depths of economic recession. And what a decade it's been. Over the past 10 years, the surge of recove...

The Top 7 Hospitality Trends Every Hotelier Should Watch in 2019

Tammy Farley, President & Co-Founder, The Rainmaker Group | January 30, 2019

By Tammy Farley, President & Co-Founder, The Rainmaker Group Last year proved to be a strong one for the U.S. hotel industry, with occupancy, average daily rate (ADR), and revenue per available room (RevPAR) all trending positively. For 2019, STR and Tourism Economics1 optimistically project another year of growth. Changes in supply, however, will impact local market occupancy levels and hoteliers' pricing power, with many hotels experiencing more intense competition among key guest segments. To maintain profit margins, and stay ahead of the curve, consider your business in light of these top seven hospitality trends. Appealing to N...

2019 Top 10 Hospitality Trends

Philippe Masset | January 7, 2019

By Philippe Masset and Jean-Philippe Weisskopf The hospitality industry has been undergoing tremendous changes and disruptions over the last two decades.What key trends have been steadily reshaping the industry and where is hospitality heading in the near future? A study conducted among EHL faculty in the fall of 2018 provides insights on past and new challenges (as well as opportunities) hospitality players need to take into consideration. The TEN trends that have reshaped (and are still reshaping) the industry: #1 - Virtual communities Social networks and in particular TripAdvisor have had a profound impact on customers. This has led ...

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