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Simultaneously, the extended-stay segment has emerged, over the years, as a powerhouse, representing 40% of pipeline projects (2,535 projects) and 35% of rooms (258,945 rooms), underscoring the shift in consumer preferences toward accommodations that blend hotel conveniences with home-like features. 0025 or info@lodgingeconometrics.com.
Within 10 years, Hispanics will account for over 21% of the population in the United States. There is a valuable opportunity to understand and proactively adjust to this coming shift in demographics.
Skift Take: A consumer platform for virtual travel was probably doomed no matter what. But its founder tried, grieved the loss, and is now moving on with a pocketful of lessons and his head held high. Justin Dawes Read the Complete Story On Skift
Released during this weeks Americas Lodging Investment Summit (ALIS) in Los Angeles, California, the report highlights the industry’s resilience and potential for growth as it adapts to evolving travel patterns and consumer preferences. Through November 2024, global hotel demand reached a staggering 4.8
Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations. This frees up valuable time for sellers to focus more on building relationships and closing deals.
Consumers across the U.S. consumers are still planning to travel this year. consumers are headed this year. consumers are headed this year. Keeping things close Travelers are searching for shorter stays closer to home this year, with almost three quarters (73%) of U.S. The overall price of lodging has climbed 23.6%
Being an extraordinary sales manager is grueling and time-consuming. In this blog, we discuss the best habits of highly successful salespeople and sales managers.
These consumers seek out exclusivity, sophistication, and prestige in the products and services they choose to indulge in. We will explore the ways to identify and engage luxury consumers, with a specific focus on affluent customers who are seeking high-end products and experiences. What Values Drive Your Luxury Brand Target Audience?
The luxury four-star hotel combines modern and sophisticated amenities with a traditional touch of the Java culture Grand Sunshine is located just minutes from the Soroja toll gate and close to various popular tourist destinations.
Forever challenging its own standard of excellence, Velaa Private Island will close for a month in September for a complete renovation of The Kids Club, known as “Lha Velaa”, or “Little Turtle” in Dhivehi. Inspired by the owners daughter’s imagination, the new area will bring everything a child could wish for.
Consumer sentiment has been a bit hesitant, and we did experience a slowdown in demand during the second quarter. We’re closely monitoring the market and are optimistic about the potential for further growth as the economic fundamentals in New Zealand improve. Looking ahead, we have several exciting opportunities in the pipeline.
Headlines tout softening and consumer spending coming to a halt while exploiting the idea that luxury travel is both thriving and diving. The news is bleeding with travel gloom and discouraging numbers for the hospitality market.
automates time-consuming and manual back-office tasks. Suzanna Chiu, Head of Amadeus Ventures , adds: Through Amadeus Ventures we closely monitor trends across the hospitality ecosystem, with a focus on the rapidly evolving AI space. In an era of understaffed reservation offices, hivr.ai
Luxury consumers are agnostic to minor price differences, while competitive sets are difficult, if not impossible, to define as they lack close geographic parameters. Revenue management for Mille Club properties is diametrically opposite to that of their lower-priced brethren.
Imagine your hotel sales team spending less time on administrative tasks and more time building relationships and closing deals. The reality for many hotel sales professionals is that up to 70% of their day is consumed by manual processes and inefficient workflows, leaving precious little time for actual group sales and bookings.
The highest consumer sentiment we’ve seen in 18 months strongly suggests we’re nearly back to normal. There’s improvement across all demographics, with the variance between age groups closing and less affluent socioeconomic groups catching up. We explore what these findings look like for consumer businesses.
Consumer uncertainty triggered by trade tensions – compounded by a global rise in costs of living, political tensions and stricter travel advisories – may be weighing slightly on hotel demand at the moment. Much of this is being buoyed by a continuation of consumer prioritisation of travel.” “You just saw a kind of trickle down.
Localized in Southeast Asia, RevPAR levels are just below 2019 levels by less than 2%, driven by high average daily rates (ADRs) as the market saw a shift in consumers’ willingness to pay for quality both product and experience. Investment volume is expected at THB9-10 billion, close to the 10-year average volume of THB11.7
Real-time two-way sync with connected channels and systems meant no more discrepancies, overbookings, or time-consuming manual mapping. Tools like ReviewMinder help them keep a close eye on guest feedback, while RatesTalk makes pricing decisions smarter and faster.
Choice delivers the consumer confidence that comes with a trusted brand, so guests know what they’re getting every time they stay,” said M&G Group General Manager, Greg Winston. “It We work closely with our franchisees to understand their needs to grow their business and tailor our support to complement their aspirations.”
markets in close proximity to natural experiences, including national parks, beaches, mountain and ski towns. As we have demonstrated through Graduate Hotels and Marine & Lawn Resorts, we believe our design-forward and vertically integrated approach will position the platform to scale rapidly and capitalize on consumer demand.”
With more than $500 million in closed loans together, we deeply appreciate both their partnership and friendship. The Caesars Republic Scottsdale epitomizes the luxury-leisure segment that is the pinnacle of hospitality capital markets & consumer demand today and the foreseeable future.
6/5/2025 One Bad Click Could Cost You the Booking Convivaâs 2025 State of Digital Experience Report highlights how widespread poor digital experiences are driving significant consumer frustration and revenue loss across industries. In hospitality, 41% of consumers say a great booking experience makes them more forgiving of bad reviews.
Marriott International has launched Marriott Media, signaling a change and a new chapter in how brands engage with consumers across the traveler journey, according to the company. Today’s travelers expect personalization and welcome thoughtful discovery,” said Peggy Roe, EVP/chief customer officer, Marriott International.
Mason determined that an additional five rooms and the increased guest capacity would support the business to increase spa revenue by up to 30% and enter the all-inclusive segment, filling a gap in the market left by the (currently closed) One and Only Wolgan Valley resort.
Europe is expected to recover close to 75% of 2019 travel volumes by the end of 2022 Challenging economic backdrop will lead to a difficult winter for the tourism sector in Europe Transatlantic travel gets a boost in 2022, spurred by a stronger dollar against key European currencies.
A year ago, Accentureâs Consumer Pulse Survey found that travelers felt booking a hotel was harder than buying a car and that choosing a flight was almost as hard as choosing a mortgage. Further testing of hypotheses was conducted via AI-moderated interviews with 300 consumers across 12 countries between January 20 and February 4, 2025.
An original equipment manufacturer for the hospitality industryâs top hotels, consumer digital signage, and airline seatback video players, Enseo became a full-service hospitality integrator in 2013, delivering brand customization. In hospitality, 41% of consumers say a great booking experience makes them more forgiving of bad reviews.
6/5/2025 One Bad Click Could Cost You the Booking Convivaâs 2025 State of Digital Experience Report highlights how widespread poor digital experiences are driving significant consumer frustration and revenue loss across industries. In hospitality, 41% of consumers say a great booking experience makes them more forgiving of bad reviews.
Hub OS and ahs hospitality will work closely together to ensure that their products and services promote sustainability throughout their operations. Most recently, ahs hospitality has partnered with Bunzl, a leading global organisation focused on simplifying the purchasing, supplying, and delivering of business consumables products.
Emile Gourieux from STR addressed economic volatility and shifting consumer behaviour. has fuelled more Canadians travelling domestically but also more international consumers also choosing to visit Canada. Can we make winter our opportunity?” Still, STR revised its 2025 RevPAR forecast downward from two per cent to just 0.7
While some travelers are intrigued by the futuristic experience, others feel unsettled, especially when machines mimic human behavior too closely. Despite these concerns, the global hospitality robot market is projected to more than triple by 2030, driven by cost savings, contactless service demands, and increasing consumer acceptance.
Growing resident and tourist populations offer a strong consumer catchment for this development site. This development site located at 94-142 Lower King Street, Caboolture, Queensland is for lease by Expression of Interest closing 2pm Thursday 28 September 2023. Moreton Bay’s billion-dollar tourism industry is on the rise, with 4.3
Growing resident and visitor numbers offer a strong consumer catchment for this development site, with 2.1 This property located at 28-40 North Lakes Drive is for sale by Expression of Interest closing 28 September 2023. million people living in Moreton Bay Region and adjoining council areas.
The performance of the lodging industry is closely tied to the strength of the economy, as there is typically a strong correlation between GDP and RevPAR growth. “We RevPAR is now expected to grow by 3% for the remainder of the year, driven by international tourists, holiday travel and limited supply growth. CBRE forecasts GDP growth of 2.3%
Europe is the region Australians plan to visit most next year (29 per cent), closely followed by the US (28 per cent). The findings reflect that of British Airways Holidays 2023 Travel Trends Report, where 63 per cent of consumers said that holidays were the main way they treat themselves.
6/5/2025 One Bad Click Could Cost You the Booking Convivaâs 2025 State of Digital Experience Report highlights how widespread poor digital experiences are driving significant consumer frustration and revenue loss across industries. In hospitality, 41% of consumers say a great booking experience makes them more forgiving of bad reviews.
It allows consumers to create their own bathroom, one that reflects contemporary trends such as black, or create an atmosphere of comfort, by using the wood effect side panels. All the controls are practically arranged on the underside of the aluminium mirror cabinet, which allows it to be operated when open or closed.
continue to increase, standing at 5,545 projects/658,207 rooms at the close of Q1 2023. At the close of the first quarter, projects currently under construction stand at 1,051 projects/140,365 rooms, each showing 9% growth YOY. Early planning projects increased 10% YOY, setting an all-time high of 2,434 projects/276,274 rooms.
Choose visuals appropriate for each ad format: close-ups for square ads, wide shots for banners, etc. Jun 11, 2025 ⢠Marketing JOIN 34,000+ HOTELIERS Get our Daily Brief in your inbox Consumers are changing the face of hospitality - from online shopping to personalized guest journeys and digitalized guest experiences.
According to unidentified sources close to the matter, Sebi [The Securities and Exchange Board of India] asked the parent company, known formally as Oravel Stays Ltd, to update risk factors, key performance indicators, outstanding litigations and its valuation basis, as per a report in the Economic Times.
Image credit: GROHE Personalisation Consumers are increasingly steering the demand for personalisation, fuelled largely by the universal influence of social media. This trend will see consumers to carve out extended and flexible living spaces within their homes, driving the demand for versatile products that adapt to evolving needs.
The acquisition is expected to close during the second half of 2025, subject to customary closing conditions and regulatory approvals. Were enhancing the DoorDash Commerce Platform to help merchants serve their customers across all channels, said Parisa Sadrzadeh, VP, strategy and operations, DoorDash.
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