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Marriott names new midscale, extended-stay brand

Hotel Business

has revealed the official name of its new midscale extended-stay brand. Previously referred to as Project MidX Studios when it was announced in June , the brand has been given the name StudioRes. ” The company said it already has 1,800 target markets identified in the U.S. Marriott International Inc. and Canada.

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U.S. Select-Service and Extended-Stay Hotel Outlook 2024

Hospitality Net

In the early 2000s, select-service and extended-stay hotels operated as more clearly defined sectors, differentiated by their target market and length of stays. During this period, individual owners dominated the market with only a handful of prominent brands available.

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Luxury Brand Identity – Key Strategies for Standing Out

MediaBoom

In 2024, Bain & Company reports 70% of luxury consumers prioritize brands reflecting their values. What Defines Luxury Brand Identity? Luxury brand identity is the deliberate shaping of how you wish to be perceived—encompassing associations, positioning, and brand personality.

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The Art of Hotel Brand Positioning: A Guide to Standing Out

Hotel Speak

In the fiercely competitive hospitality world, a hotel’s brand is its battle cry. This guide delves into the art of hotel brand positioning , equipping you with the knowledge and tools to craft a powerful brand identity that attracts the right guests and drives success. What are their brand positions?

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Target Audience for Luxury Brands – Engaging Elite Consumers

MediaBoom

Do you know what your luxury brand’s target audience truly desires? Are your marketing efforts effectively connecting with affluent customers? Understanding your target audience is crucial in order to stand out in the competitive world of luxury brands. What Values Drive Your Luxury Brand Target Audience?

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5 Key Steps to Crafting Your Own Successful Luxury Brand

MediaBoom

There has never been a better time to build a luxury brand than this. The global luxury goods market, a highly lucrative sector, is projected to grow significantly, at a CAGR of 4.4%, aiming to reach USD 510.06 If you’re looking to build a luxury brand, understanding this market’s dynamic growth and potential is essential.

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Unveiling the Top 22 Luxury-Evoking Words in Luxury Branding

MediaBoom

In the sphere of the high-end market, understanding and utilizing all those words associated with luxury brands is crucial. Yet, the right ensemble of words — a carefully curated array of letters — can be the key to unlocking an exclusive and discerning market.