Market Trends

🍫 In less than a year, Dubai Chocolate became a global dessert sensation, starting with a viral TikTok video by a Dubai-based creator. Named “Dessert of the Year” in a Hospitality Trends Report, it has inspired numerous variations across restaurants and pastry shops. A new trend, Dubai Strawberry Parfaits, layers fresh strawberries, pistachio cream, kataifi, and chocolate sauce. These desserts are now featured from brunch menus to evening offerings.

🏨 Italy-based Hotel group Gruppo UNA rebrands as UNA Italian Hospitality, focusing on Italian heritage with over 50 hotels nationwide, including UNA Esperienze and UNA HOTELS collections. Rebranding aims to boost brand recognition and cater to a growing international audience, with two-thirds of revenue from international guests. CEO Giorgio Marchegiani emphasizes authenticity and "Italianness". A new website with enhanced booking engine, virtual tours, and personalized content supports the rebrand.

📌 In the hospitality industry, optimism peaked in late 2022 due to interest rate cuts beginning in September and strong performance in urban travel, particularly international group and business demand. However, by 2023 and 2024, geopolitical developments and potential trade wars introduced uncertainty. While the fundamentals of travel demand remained robust, hotel investment decisions faced increased uncertainty from tariffs, immigration policies, and inflation, which could lead to higher interest rates. Despite global concerns, the success of individual hotels or hotel collections largely depends on local market conditions. Detailed market knowledge, understanding demand drivers, and leveraging third-party resources like STR and CoStar are essential. Immediate impacts from tariffs include increased construction costs and supply chain disruptions, while longer-term impacts might include reduced consumer discretionary spending, affecting travel demand. San Francisco's hotel market, hit by multiple challenges including the loss of conventions, tech company relocations, and a decrease in Asian travel, particularly from China, saw further declines in 2023 and 2024. Yet, JLL anticipates a recovery starting in 2025, with strong events returning, tech companies reestablishing offices, and investor interest rising, positioning San Francisco for potential growth. Overall, navigating uncertainty requires focusing on controllable factors, understanding local markets, and seizing opportunities during uncertain times.

📋 Dr. Tsukanova discusses data anxiety in the hospitality industry, debunking myths about data overload and emphasizing the importance of using relevant data. Key facts include the projection of 175 zettabytes of global data by 2025, millions of daily digital interactions like YouTube uploads, and the distinction between overwhelming global data and manageable, industry-specific data sets. Relevant hospitality data types include guest profiles, booking patterns, occupancy rates, and sentiment analysis. The article refutes the necessity for every professional to become a data scientist, highlighting the existing specialized tools like Property Management Systems (PMS), Revenue Management Systems (RMS), and Business Intelligence (BI) platforms that simplify data interpretation and application. Embracing the right technology and focusing on actionable insights is the proposed strategy to harness data effectively in the hospitality sector.

🍴 Manchester Grand Hyatt San Diego unveiled the transformation of Sally’s restaurant set for a full launch in May, introducing Baja Med cuisine. With an expanded outdoor terrace, the waterfront venue is the first milestone in the hotel’s property-wide enhancement. Chef de Cuisine Alvaro Garcia, drawing from regional flavors, has designed a menu featuring dishes like grilled Spanish octopus and a 32-ounce tomahawk steak, complemented by mezcal- and tequila-based cocktails, local craft beers, and regional wines. New programming includes a "Sunset Salute" toast, "Mini Hour" with miniature dishes and cocktails, and “Sally’s Til 6” with oyster specials. Sally’s accommodates events for 10 to 400 people along the San Diego Embarcadero.

🏠 The Hoxton will open its first Scottish property, a 214-room hotel, in Edinburgh's Haymarket area on June 23. The venue includes 11 Georgian townhouses, a mix of room types, and a space for long stays launching later in summer. Features include a lobby for work and socializing, a screening room, event spaces, and an Italian restaurant. Earlier in 2023, Cedar Capital Partners acquired The Hoxton Edinburgh as part of a €200 million deal, with plans to expand to Australia and Scandinavia by 2027.

📈 Andrew Casperson, promoted to President of Coury Hospitality, envisions doubling the company's portfolio from 22 hotels and 43 F&B outlets in 2024 to nearly double in 2025. Coury Hospitality, with origins in the mid-'80s, recently established Concert Hospitality LLC in 2024 to manage traditional and lifestyle brands. Casperson, starting his career at a Holiday Inn in Burlington, Massachusetts, became GM of a 100-room hotel at 25 and later held VP of Operations role at Omni, overseeing half its portfolio. He credits mentors Dave Johnson, Tina Edmundson, and Mike Deitemeyer with shaping his career, emphasizing revenue-driving lifestyle elements and emotional rewards in hospitality.