Market Trends

📖 Dezeen collaborates with SketchUp to start a Design Workshops video series featuring designers like Julien Sebban and Tola Ojuolape. Launching in two weeks, the series will showcase Sebban's Uchronia, a Paris-based practice, explaining the creation of a 70s-themed bar interior using SketchUp. Sebban won emerging interior designer at the Dezeen Awards last year. London-based Ojuolape, also an award nominee, will share a library design proposal for Clerkenwell, London. SketchUp, by Trimble, is widely used for various 3D design projects.

🏨 STAAH, a hospitality company, hosts a Weekly Hotel Industry Quiz designed for both seasoned hoteliers and those new to the industry. The quiz aims to sharpen knowledge and stay updated with industry trends. Participants can join weekly and engage with a variety of questions about luxury hotel brands and hotel software. The quiz also invites sharing among colleagues and promises new quizzes each week for continuous learning.

🌄 VRBO tops the holiday cottage sector in 2024, with Salience Search Marketing's report highlighting its 13,355 owned social score and 165,000 monthly brand searches. VRBO boasts 7.3 million social media followers. Hoseasons follows with 450,000 monthly searches and 350,000 Facebook followers. Sykes Cottages receives 246,000 searches monthly, Forest Holidays has 110,000, and Holiday Cottages gets 135,000. Center Parcs records 201,000 searches, while Holiday Lettings, Coolstays, and Sally's Cottage follow with 40,500, 18,100, and 6,600 searches, respectively. The sector's competition necessitates strong online presence for consumer recall.

🏨 Brittain Resorts & Hotels, launched in 1943 and based in Myrtle Beach, South Carolina, partnered with Provident Hotels & Resorts to manage eight Florida properties, including The Mutiny Hotel in Miami. The firm currently operates 30 United States hotels with over 4,000 rooms, suites, and condos, and about 40 restaurants & bars. Their in-house call center makes over a million calls annually, driving an 80 percent direct contribution rate to its independent assets.

🏡 In Tempe, Arizona, the 148-key dual-branded Fairfield Inn & Suites and TownePlace Suites Hotels opened in March, managed by Aqua-Aston Hospitality. They feature a custom-designed 30-meter saltwater pool and Old West-themed Way Station restaurant with a weekly live music event. The pool area includes a hot tub, firepit, and 'peninsula' living room with firepits seating. Artist Randi Egley created the "Vistas and Valleys" poolside mural inspired by the native desert. The design emphasizes luxury fabrics and indigenous flora to reflect the desert environment and modern western culture.

🍺 BrewDog, in its 2023 financial report, disclosed a pre-tax loss of £59.2m, which widened from £30.5m in the previous year. However, revenue increased from £321.2m to £354.6m, and underlying trading EBITDA improved from a £12.8m loss to just £2.5m. CEO James Arrow, who succeeded co-founder James Watt earlier in the year, reports a significant operational efficiency improvement. In the first half of 2024, BrewDog achieved EBITDA positive trading with revenue reaching £137.5m. The company's global bar sales rose by 12.3% in 2023, and they continue to expand internationally, including new markets like Thailand.

📈 In Q3 2024, the Guest Experience Benchmark Infographic presents a summary of guest experience trends over the past three months, including regional breakdowns, in a concise PDF format designed for visual ease.

🍋 Yuzu, a citrus fruit with a tart yet sweet flavor and a distinctive floral aroma, is gaining traction in the US, featured on 5.9% of restaurant menus, marking a 29% rise in four years, according to Datassential. Its juice is used in various drinks and Japanese ponzu sauce, and it's increasingly adopted in desserts, marinades, and other sauces, particularly by independent and fine-dining venues. The fruit is most popular among Asian consumers.

🍽 Margo, a modern European restaurant, highlights Scotland's larder, led by Jonathan MacDonald of Scoop and chef Robin Aitken. With a focus on local seafood, meat, and in-house bread and pasta, the menu offers dishes like smoked haddock churros, beef tartare, and red prawn agnolotti. The drink list boasts fine wines and unique cocktails, like frozen martinis. Margo seats 138 and features an industrial chic design with an open kitchen. Located at 68 Miller Street, Glasgow, G1 1DT, another venue, Sebb’s, is set to open beneath it, offering a grill-centric menu.

💸 Teen spending increased by 6% year-over-year to $2,361. Nike remained the top brand despite a 4-point drop among females and upper-income teens. Lululemon held the third rank in apparel with a slight decrease in mindshare. New Balance's mindshare among upper-income teens jumped to 8%. The beauty wallet reached a peak since Spring 2018 at $342, with fragrance sales soaring by 25%. Ulta and Sephora saw slight declines in beauty shopping preference, while Target gained 4 points. e.l.f. cosmetics gained 6 points in share among female teens. Teens favor energy drinks over coffee and soda, with Monster and Red Bull leading. Goldfish topped snacks preferences. Roblox's active use climbed to 46%, and gig economy leaders included Uber and DoorDash. 87% of teens own iPhones, with 30% looking to upgrade due to Apple Intelligence. Walmart is shopped by 61% of upper-income vs. 81% of average-income households. Teen females prefer shopping at Target, especially for beauty and non-food items. Stanley Cups became the second most popular trend for teen women. Piper Sandler's "Taking Stock With Teens" survey involved 13,515 teens with an average age of 15.8 years.