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Motels are having a moment

🏠 On July 22, 2024, it was reported that roadside motels are regaining popularity among younger adventurers, partly due to their unique and charming designs. Instagram pages dedicated to these motels have amassed hundreds of thousands of followers. Despite only 16,000 motels remaining in the United States as of 2012, this renewed interest could be pivotal for the struggling motel industry.
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Hyatt to acquire Standard Hotels

🏨 Hyatt Hotels, in "advanced talks" to acquire Standard International, has expanded significantly since 2017, doubling luxury rooms and tripling resort rooms. Standard International, founded by Andre Balazs, currently boasts about 20 hotels, with plans to add up to 12 more in the next five years in locations including Brooklyn, Austin, Mexico, and more. Reported by Bloomberg on July 22, 2024.
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Keep Michelin men out of our hotels

🏨 Michelin has recently introduced a star rating system for hotels. As of July 22, 2024, this innovation could push hotels to pursue Michelin stars, potentially leading to the same intense focus on standards that restaurants experience, which some argue could be detrimental and stifling due to Michelin's precise and demanding criteria.
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CBRE on AI’s impact on hotels

💻 On July 18, 2024, AI is poised to reshape the hotel industry, driving consolidation and favoring larger companies with access to proprietary data and cash flow. Strategic partnerships among hotel brands will grow to enhance data access, potentially disadvantaging smaller companies. Hotels may shift to dynamic pricing models based on guest revenue potential. Online search engines might start directly selling lodging, intensifying competition with OTAs and major hotel brands. More details at CBRE.
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Hoteliers accuse Booking.com of ‘unfair business practices’

🏨 In a Hotrec 2024 study, European hoteliers report unfair treatment by OTAs, including price undercutting—43% affected, 16% frequently. OTAs are accused of high commissions, monopolistic practices, and unauthorized discounts. Nearly half of the hotels (48%) depend on OTAs for over a third of bookings, with 20% relying on them for more than half. Issues like poor OTA communication and booking errors impact hotel operations. The study occurred on Jul 18, 2024, reflecting widespread discontent among Europe's hoteliers.
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PwC US selects KAYAK for Business

📌 On July 18, 2024, KAYAK, in partnership with Blockskye and PwC, enhanced its Enterprise solution for over 75,000 PwC US employees, allowing business travel planning and booking through various platforms and streamlining expense management. The update provides interoperability, eliminates employee expense reports, and creates new revenue opportunities.
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Accor repositions Pullman for blended travel

🏢 On July 18, 2024, Accor repositions Pullman Hotels & Resorts to cater to the blended travel trend, aiming for 'softer productivity' to merge work and leisure. Pullman adapts spaces for dual use (e.g., meeting rooms by day, entertainment by night) and introduces Pullman Happenings—cultural and entertainment events, in collaboration with C2 Events, reinforcing innovation and social engagement. Read more at Skift.
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Business travel is booming back

📅 Deloitte's 2024 Corporate Travel Study reveals business travel spending may match or exceed pre-pandemic levels by year-end. Surveying 104 U.S. corporate travel managers between May 16-28 and 1,389 business travelers from May 28-June 3, findings include: 74% of managers predict increased company travel spend in 2024, with 58% expecting growth in 2025, forecasting around 15% spending growth annually. Cost-saving measures include 50% of managers encouraging cheaper flights and 38% cheaper hotels. Business travel frequency rises, with 20% planning 6-10 trips in 2024, up from 15% in 2023. Conferences and trade shows drive travel for over 60% of travelers.
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