Category: Trends

February 20, 2023

Travel is at full throttle with growth rates through the roof as the industry powers ahead with its recovery from the COVID-19 pandemic, yet now faces significant headwinds from the cost-of-living crisis. To weather the latest storm, travel brands and […]

February 16, 2023

Research by the World Travel & Tourism Council (WTTC) has revealed that within the next decade, Beijing will overtake Paris to become the world’s largest Travel & Tourism city destination. The report, sponsored by Visa and researched in partnership with […]

February 16, 2023

Despite a slowdown in sales in the second half of 2022 due to dislocation in the debt markets, hotel investors have kicked off 2023 with record sales for quality assets in highly desirable and growing markets. A recent example of […]

February 16, 2023

Labor-related issues and energy/utility costs are among the top challenges on the mind of global hotel and travel industry professionals, while leisure demand and increased guest spending are seen as the biggest strengths, according to a new survey from STR. […]

February 14, 2023

The storm clouds of a global recession are still looming large on the horizon. Headlines about the impending downturn bring back memories of 2008. Back then, several quarters of negative economic growth brought uncertainty and turbulence to most business sectors. […]

February 13, 2023

In the wake of the pandemic, everything has changed, and seismic shifts have happened in the hospitality industry. Guests now expect hotels to go the extra mile, providing stays that offer a great, convenient experience and make them feel unique […]

February 10, 2023

Newly released data from SiteMinder, the world’s leading open hotel commerce platform, highlights the increase in outbound reservation volumes from mainland China following the country’s relaxation of travel restrictions on January 8. SiteMinder, which generates more than 100 million reservations […]

February 8, 2023

According to data compiled by STR, in recent years, the luxury segment has fallen 2–5% behind the Washington, D.C. market average in occupancy, while luxury rates have paced roughly $150 to $200 above average. This rate difference is largely due […]

February 6, 2023

The U.S. Travel Association last week launched a new quarterly press conference, led by the association’s President and CEO Geoff Freeman and incoming U.S. Travel National Chair and Hilton President and CEO Chris Nassetta. Together, they offered an industry perspective […]

February 6, 2023

U.S. Travel Association President and CEO Geoff Freeman issued the following statement on the U.S. Bureau of Labor Statistics January employment report, which saw the overall economy add 517,000 jobs and the leisure and hospitality sector add 128,000 jobs—more than […]

February 6, 2023

What are the latest trends in the hospitality industry? Circumstances over the past few years have triggered a transformation within the hospitality industry. Many businesses didn’t survive, others adapted swiftly and hung on in there, and some were born out […]

January 31, 2023

The idea for the new sleep suites at the Park Hyatt New York took shape at a time when the hotel was reimagining its wellness story, in April 2021, as it reopened following a 376-day closure due to the pandemic. […]

January 30, 2023

Leisure travel fatigue and inflation are causing Hawaii hoteliers in leisure destinations to drop rates to strengthen demand. Hawaii’s hotel industry is coming off a year of strong rate growth and continues to inch closer to pre-pandemic occupancy levels, but […]

January 12, 2023

Commercial real estate financing, particularly related to the hospitality industry, has been in a state of flux as the pendulum of the economy swings towards a correction. At the start of the year, many lenders were coming back to hospitality, […]

January 10, 2023

In what felt like the blink of an eye, 2022 came and went. 2022 was the year we found our way back to relatively normal, and for industries like hospitality, it was a year defined by recovery. 2023, however, promises […]

January 10, 2023

60% of Americans report being more likely to stay in hotels this year than in 2022, and hotels are the top lodging choice among those planning to travel for business and leisure in the next three months, according to new […]

January 9, 2023

The skills required to succeed in hotel group, event, and BT sales are going to be hugely different here in 2023, but the disruptions that have caused these changes began much earlier. Traditionally, succeeding in hotel sales was more about […]

January 4, 2023

Travel has continued to recover this year, with IATA’s data showing airline industry revenues are expected to be 43% higher than 2021. Our own analysis also suggests resilient demand, concluding that consumers were prepared to protect spend on travel ahead […]

January 4, 2023

The recovery of Cleveland’s travel and tourism industry is well underway following the severe downturn in 2020. According to Destination Cleveland, business and leisure travelers to Cuyahoga County in 2021 increased by 17% from the levels recorded in 2020. This […]

January 3, 2023

Salt Lake City benefits from one of the busiest airports in the western U.S. and a strategic location near several landmarks and tourist attractions, including the Mighty 5. Transient demand to the city surged in 2021 as Utah became a […]