Market Trends - 10 Minutes News for Hoteliers - Page 114

Phocuswright predicts steady growth for travel in 2025

🏆 Global travel market, valued at $1.61 trillion, expects 6-9% annual growth through 2026; online bookings to surge 8-12% yearly. Gross bookings to rise from $1.6 trillion in 2024 to $1.72 trillion in 2025. Online bookings predicted to hit $1.0 trillion in 2024 and $1.2 trillion in 2026, with 65% of travel bookings online by 2026. Airline revenue growth may slow to 10% in 2024, hotels to see 55% online booking market share in 2024, rising to 58% in 2026. North America to lead gross bookings with $543.8 billion in 2024, reaching $568.5 billion in 2025. UK to overtake France in gross bookings by 2025. Travelers show higher confidence in booking accommodations than transportation for the next 12 months. European leisure travel to stay robust, with many planning international trips.

2 min

Trafalgar St. James unveils Rockwell Bistro & Wine Bar: The first stage in the hotel’s £6m refurbishment

🏠 Trafalgar St. James, a 5-star lifestyle hotel in central London, reveals its luxury refurbishment's first stage with the new Rockwell Bistro & Wine Bar and a redesigned lobby. The £6m renovation includes six new suites set to be unveiled in February 2025, adding to the hotel’s current 131 rooms. Rockwell offers a day-to-night experience with specialty coffee, all-day deli-style dishes, and a curated wine list. Design LSM crafted the contemporary interiors. Federico Ciampi, London Cluster General Manager, anticipates the suites elevating the hotel's status.

4 min

Tripadvisor Shares Top 2025 Travel Destinations

🏖️ Tripadvisor announced the 2025 Travelers’ Choice Awards, with London topping the Top Destinations in the World and the 25th Anniversary Destinations list. New York City leads Top Destinations in the United States, with Osaka, Japan as the Trending Destination for 2025. Solo Travel Destinations are a new category, with Seoul, South Korea at the forefront. Top Food Destinations list is headed by Rome, Italy, and Bali, Indonesia ranks first in Culture Destinations. The Honeymoon Destinations list features Mauritius as the leading spot.

2 min

Kasa opens new hotel in San Deigo’s Little Italy

🏠 Kasa opens its second property in downtown San Diego's Little Italy neighborhood, offering accommodations with fully equipped kitchens, in-unit laundry, and smart home technology. Guests can select from five room types, including studios and one- and two-bedroom apartments, with some providing bay views. Amenities feature fitness centers, yoga and Pilates studios, a sauna, a massage room, and an upcoming outdoor pool. CEO Roman Pedan emphasizes unique developments and exceptional stays with unmatched amenities. Kasa expanded to New Orleans in late 2024, renovating the historic 1916 Lafayette Hotel into The Lafayette New Orleans by Kasa. The company currently operates over 85 properties across the U.S.

1 min

Map of the week: hotel openings – January #1 2025

🏨 Hospitality ON released a map of new hotels worldwide opened in the last 10 days, highlighting hotels by groups, chains, and networks. The color-coded key includes yellow for hotels opened this week, blue for announced openings, green for rebrandings and reopenings, and orange for newly signed projects. The map features locations, photos, and essential details of these hospitality developments.

3 min

Colodge brings coliving to Lyon with new heritage-inspired space

🏠 Colodge opened a new coliving space in Lyon's Vaise district, previously an artist's studio, renovated to accommodate 12 residents with 11 bedrooms and a private studio. HIFE Issy-les-Moulineaux, The Boost Society's third HIFE brand residence, spans nine stories with 7,000 sqm of accommodation and 800 sqm of shared spaces. The €300 million investment by Extendam, Keys REIM, and Stone Capital in Outsite indicates coliving's profitability and growth potential, with developments expanding across Europe.

3 min

Bob W secures three new Munich properties from H’Otello/H’Apato in landmark deal

🏡 Bob W signed leases for three properties in central Munich, adding 198 units and 3,948 sq m to its German portfolio. On 8th January 2025, the tech-powered hospitality operator expanded in the DACH region by converting two hotels and an aparthotel into Bob W locations. The new additions bring Bob W's total in Germany to 15 buildings. The properties, operating under digital front desk and self-service check-in systems, are advised by Miles Knoll of BNP Paribas and Prof. Dr. Clemens Engelhardt of Trustberg. Bob W, operational in 18 cities across 10 countries, continues to grow with over €70 million in funding and over 4,000 units in its portfolio.

4 min

Hotels Are Stuck in a Category: Maximize What You’ve Got

🏨 Understanding the five levels of economic value: commodity, Goods, Deliver, Experience, and Transformation, helps hoteliers enhance guest satisfaction and improve revenue. Applied to the hotel industry, these levels range from offering basic accommodations at competitive prices for budget travelers to providing transformative experiences for those seeking personal growth. With each level comes a different target audience, services offered, and pricing strategy. The model suggests hotels maximize revenue within their current level rather than attempting costly repositioning.

2 min

Schulte Hospitality joins forces with 34th Floor Hospitality to elevate hotel dining

🍴 Schulte Hospitality Group partners with 34th Floor Hospitality to improve food and beverage offerings at over 200 properties. The deal transforms 34th Floor into Schulte's wholly owned subsidiary, with co-founders Olivier Zardoni and Alex Taylor leading restaurant operations. Schulte's portfolio includes major brands like Hilton, Marriott, Hyatt, and IHG. The partnership focuses on innovative dining concepts and enhanced guest experiences. Zardoni's 30 years and Taylor's experience with a $2.4 billion program bring valuable expertise. Schulte founded in 1999, commits to operational excellence.

1 min

A Multisensory Experience and Bespoke Design

🏖 Casa Loma Beach Hotel in Laguna Beach, California, underwent a $15 million transformation by Marc & Rose Hospitality, involving firms Electric Bowery, LAND, and ORCA. The renovated hotel features immersive art, like a lobby mural and hand-painted canvas tapestries, vintage lobby sound system, and European seaside food and beverage program with Madre agave spirits and tapas-style bites. Soundscapes are curated by Uncanned, enhancing the multisensory experience.

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