Market Trends

🍴 Goodfellow & Goodfellow and TRUEfoods launched the Plated competition for UK chefs aged 30 or under, featuring a £10K prize and Michelin-starred judges like Jason Atherton. Submissions are due by March 10th, with a live final on April 26th at TRUEfoods Development Kitchen in Ripon, North Yorkshire. The winner receives £7,500, a trip to Costa Nova in Portugal, a Michelin-starred dining experience, a feature in Portfolio, and a Trophy Plate. Chefs can enter up to three times, with three images or videos each.

🏡 TPG Hotels & Resorts is set to reopen the Veranda House in Nantucket on April 1, 2025, after a full-scale restoration due to a 2022 fire. The historic building, originally established in 1684, offers 19 rooms and has been updated with amenities, ADA-compliant facilities, and new IT systems while preserving its historic character. The project was a collaboration with the Town of Nantucket and the Historic District Commission.

🏨 Radisson Hotel Group ended 2024 with nearly 40,000 new rooms, dominating as the leading upper upscale brand in Europe for the 13th year and the upscale resort segment in EMEA. Radisson Collection reached nearly 70 hotels, with notable openings in Rome and Srinagar and signings in Paris, Madrid, and Riyadh. In May 2024, the art’otel brand launched in London and plans to debut in Rome. Radisson Blu added over 20 hotels, entering markets like Casablanca and Conakry. Radisson RED expanded to Vietnam, Germany, New Zealand, Laos, Ireland, and Thailand. Radisson Individuals added 15 properties across APAC and EMEA, including within the Bolton Wanderers Football Club stadium in the U.K. Prizeotel was rebranded to Prize by Radisson, announcing additions in Poland and Germany. Radisson's portfolio includes over 1,460 hotels across 100 countries.

📱 The article titled "The Rise of Bleisure Travel: A New Era for Hospitality" focuses on the trend of bleisure travel, which blends business amenities with leisure perks. It suggests that hospitality businesses cater to this trend to enhance guest experiences and increase revenue. The article's metadata indicates a publication date of February 5, 2025, and is associated with Hotelogix, as evident from the various tags and links within the HTML code. The author mentioned is Vanshikha Dhar. The content is intended to provide tips and trends in the hospitality industry, specifically addressing the burgeoning bleisure travel market.

🏨 ECHO Suites Extended Stay by Wyndham opened in Richmond, Va., expanding the extended-stay hotel market. Developed by Sandpiper, LLC, it's the first ECHO Suites property in their portfolio, contributing to Wyndham's extended-stay segment growth. Sandpiper Hospitality, managing over 65 hotels, will oversee the property. The brand, launched with a Spartanburg, S.C. property in July 2024, is designed for affordability and efficiency, with a new 124-key prototype spanning 50,000 square feet.

🏡 Dreamscape Hospitality has been chosen to manage Groogrux Hotels' portfolio of independent lifestyle boutique hotels in New Orleans' Garden District. The portfolio includes The Blackbird Hotel, The Garden District Hotel, and The White Heron Hotel. Adam Patenaude, president of Dreamscape, and Reid Gray, operating partner at Groogrux Hotels, both emphasize the commitment to excellence and guest experiences. Dreamscape's management aims to drive value and set a new standard for hospitality in the region.

🏨 Peachtree Group in Atlanta, Georgia, has exceeded $2 billion in hotel development, with a portfolio of 48 hotels. Starting 17 years ago with a $10 million Fairfield Inn in Alabama, the company has grown, marking recent achievements like topping out a beachfront hotel in Gulf Shores, Alabama, and breaking ground on a dual-branded hotel in Uptown Dallas, Texas in August 2024. Their dual-branded Marriott development in Dallas features 264 rooms, while a Tru by Hilton in Huntsville is set to open in Q4 2025, and a beachfront Embassy Suites in Alabama is due in summer 2025. Ten hotels have been opened in Qualified Opportunity Zones (QOZ) with five under construction and three in the pipeline, reflecting Peachtree's commitment to economic development in underserved areas.