Consumer Trends: Page 4
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Deep Dive // 2024 Outlook
The wellness travel trends that will impact hotel amenities in 2024
Hotels are boosting their wellness offerings beyond the spa, revamping food and beverage, the sleep experience and even how hotels are designed in the first place.
By Noelle Mateer • Jan. 25, 2024 -
‘Solid travel fundamentals’ to drive hotel performance growth in 2024: report
STR and Tourism Economics raised their ADR growth projections slightly for the year and expect RevPAR and occupancy to increase due to heightened group business demand.
By Jenna Walters • Jan. 23, 2024 -
Sponsored by FedEx Office
4 leisure traveler trends for 2024 to help give your property a competitive edge
Expenditures on travel are on the rise as consumers embark on what has been termed “revenge travel,” visiting family, heading to bucket-list locations and celebrating delayed milestones with dream trips.
Jan. 22, 2024 -
2024 Outlook
Food and beverage trends that will shape the hotel industry in 2024
Gone are the days of “Cheesecake Factory”-size menus as hotels prioritize a la carte and plant-forward food and beverage options, according to Marriott International’s senior director of culinary for the U.S. and Canada.
By Jenna Walters • Jan. 16, 2024 -
Select service and extended stay hotels to hold strong investor interest in 2024: JLL
The sector’s room supply nearly doubled between 1988 and 2023, and it will continue to dominate hotel companies’ pipelines in 2024.
By Michele Laufik • Jan. 12, 2024 -
Deep Dive // 2024 Outlook
7 hotel industry trends to watch in 2024
Leaders in the hospitality industry will work to make staff happier, ramp up integration of generative AI and cater to a growing number of experiential and luxury travelers.
By Jenna Walters and Noelle Mateer • Jan. 10, 2024 -
How changing travel demand will impact hotel performance, investment in 2024
Heightened group and international travel demand will drive RevPAR growth and investor appetite, though investment won’t come without hurdles, according to Newbond Holdings.
By Jenna Walters • Jan. 3, 2024 -
Electric vehicle charging gains traction across hotel industry
In 2023, several EV charging providers launched national hotel deployments, and major players like Marriott and Hilton tapped preferred suppliers.
By Jenna Walters • Dec. 19, 2023 -
Art Basel brings significant ADR boost in Miami: CoStar
The art fair brought 79,000 visitors to the city, driving hotel performance growth in the second week of December.
By Jenna Walters • Dec. 18, 2023 -
Dubai’s Jumeirah Group exploring US hotel opportunities
Changing luxury travel demand is driving the hotel chain's expansion.
By Noelle Mateer • Dec. 15, 2023 -
F1’s Las Vegas Grand Prix brings $220M in revenues to area hotels: CoStar
Hotel operators MGM, Caesars and Wynn were forecasting record returns from the inaugural event.
By Jenna Walters • Dec. 15, 2023 -
Deep Dive // Hot Markets
Market Spotlight: Miami
Despite decreased year-over-year hotel performance, the market shows promise with RevPAR outpacing 2019 levels, business travel ramping up and a growing luxury pipeline.
By Jenna Walters • Dec. 13, 2023 -
Heightened group demand in major markets drives hotel profits: CoStar
New York City and Dallas, cities experiencing a resurgence in group travel, led U.S. hotel markets in gross operating profit and total RevPAR in October.
By Jenna Walters • Dec. 8, 2023 -
Hotel Tech-in: Purifying hotel room air for wellness travelers
Pure Wellness’ hypoallergenic rooms have long been popular among allergy sufferers. Now, the company’s allergy-fighting tech is gaining ground among a new group of travelers: wellness enthusiasts.
By Noelle Mateer • Nov. 30, 2023 -
Hyatt bets on experiential travel with Andaz marketing campaign
Guests at Andaz’s 29 global properties will have access to unique amenities at a time when leisure travelers are seeking experiential accommodations and destinations.
By Jenna Walters • Nov. 29, 2023 -
‘Hospitality is back’: What travelers want from hotels this holiday season
In 2023, holiday travelers are more tech-savvy, eco-conscious and loyal to brands offering deals. They’re also more likely to be baby boomers.
By Noelle Mateer • Nov. 21, 2023 -
Traveler ‘buoyancy’ contributes to upgraded hotel growth projections
STR and Tourism Economics raised their 2023 RevPAR and ADR growth projections and forecast continued strengthening for next year and beyond.
By Jenna Walters • Nov. 20, 2023 -
US hotel RevPAR to recover in 2024: CBRE
Despite declined hotel performance growth in the second half of this year, CBRE predicts rebounding revenues bolstered by improving inbound travel.
By Jenna Walters • Nov. 20, 2023 -
Hilton Grand Vacations bets on Vegas with luxury room openings
The vacation ownership company opened four floors of penthouses amid heightened traveler demand for luxury accommodations.
By Noelle Mateer • Nov. 14, 2023 -
Hotel performance growth to decelerate into 2024: PwC
Economic headwinds and geopolitical tensions are having a “downward impact” on hotel performance, which will continue through year-end and into 2024, PwC forecasts.
By Jenna Walters • Nov. 13, 2023 -
9 stories highlighting the burgeoning luxury and lifestyle hotel segment
From management companies to developers, hospitality players are cashing in on demand for luxury and lifestyle hotels.
By Noelle Mateer • Nov. 10, 2023 -
Deep Dive // Hot Markets
Market Spotlight: Dallas-Fort Worth
Experts say rising leisure and business travel demand is driving record performance growth and development activity in the metropolitan area.
By Jenna Walters • Nov. 9, 2023 -
5 ways ‘junk fee’ legislation is impacting hotels
Though hoteliers disagree over whether “resort fees” are excessive, a growing consensus has emerged around the idea that hotels should be transparent about them.
By Noelle Mateer • Nov. 3, 2023 -
Global business travel at near-full recovery, though challenges persist
More industry professionals traveled for in-person meetings and conferences this year than last, but tight travel budgets remain a barrier, a GBTA poll shows.
By Jenna Walters • Nov. 1, 2023 -
Hotels will promote ‘moments of awe’ and connection in 2024: report
Travelers will seek transformational and out-of-the-ordinary experiences, Design Hotels’ inaugural Further Forecast found.
By Michele Laufik • Oct. 30, 2023