Consumer Trends: Page 5
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Hotel bookings out of this world ahead of total solar eclipse
Increased bookings at hotels along the April eclipse’s path are forecasted to drive revenue and occupancy gains, particularly in large markets like Dallas.
By Jenna Graber • March 18, 2024 -
Why college towns are attractive to hoteliers
Hilton, which acquired Graduate Hotels, isn’t the only hotel group betting on college towns. Experts share the unique appeal — and challenges — of the markets.
By Noelle Mateer • March 15, 2024 -
Leisure travel intent remains strong despite consumer spending concerns: Deloitte
The financial services company found that consumers’ spending intentions have stayed solid for leisure travel, though travelers may make trade-offs to keep trips affordable.
By Noelle Mateer • Feb. 28, 2024 -
Hotel trends that drove Q4 revenue, portfolio growth
Despite a still-challenged lending environment and economic uncertainty, hotel operators focused on conversions and the booming midscale and luxury segments to fuel growth.
By Jenna Graber • Feb. 26, 2024 -
After historic highs in 2023, NYC RevPAR will continue to grow: JLL
The city’s hotels could gain up to $380 million in revenue this year following Local Law 18’s crackdown on short-term rentals.
By Michele Laufik • Feb. 22, 2024 -
Las Vegas hotels see record-breaking ADR from Super Bowl LVIII: CoStar
With hotel rates far higher than originally predicted, the city surpassed Miami’s 2020 record Super Bowl weekend ADR by 33%.
By Jenna Graber • Feb. 20, 2024 -
Q4 hotel RevPAR declined by 1.9%: CBRE
Demand for alternative lodging and outbound international travel contributed to the decline, though inbound travel is expected to boost hotel occupancies in 2024.
By Michele Laufik • Feb. 20, 2024 -
Opinion
4 ways hoteliers can optimize loyalty
Hotel loyalty programs are not just a tool for customer retention — they are a strategic asset that can significantly contribute to RevPAR.
By Mo Chaar • Feb. 12, 2024 -
My Place Hotels of America taps Grubhub for food delivery
The hotel franchisor aims to enhance the guest experience through the partnership, as hotel dining becomes increasingly digital.
By Jenna Graber • Feb. 12, 2024 -
Nearly three-fourths of Americans will maintain or increase hotel stays in 2024: AHLA
Inflation, however, is preventing the hotel industry from reaching its full potential, according to President and CEO Chip Rogers.
By Noelle Mateer • Feb. 12, 2024 -
Record ADR predicted for Las Vegas hotels over Super Bowl LVIII weekend
Hotel performance in the city from Friday through Sunday will significantly outpace last year’s gameday weekend in Phoenix, STR forecasts.
By Jenna Graber • Feb. 8, 2024 -
Hilton expands on-property messaging in bid to enhance guest experience
The company’s mobile messaging platform will be available across its entire portfolio by the end of 2024 to “support the growing need for frictionless travel.”
By Jenna Graber • Jan. 31, 2024 -
Hotel industry forecast 2024: development, F&B, technology and more
Leaders in the hospitality industry shared with Hotel Dive what trends will drive progress at hotels this year, impacting everything from on-site amenities to hotel workforce management.
By Noelle Mateer • Jan. 30, 2024 -
Travelers to prioritize experiences over hotel class in 2024: Deloitte
Travel spending will persist this year, but consumers will focus more on the destination and experiences over hotel class or upgrades, according to a new study.
By Jenna Graber • Jan. 26, 2024 -
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 Graber • 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 -
Retrieved from Ritz-Carlton on January 16, 20242024 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 Graber • 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 Graber • 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 Graber • 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 Graber • 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 Graber • Dec. 15, 2023