TOP NEWS

📌 Over 52% of travellers consider the ability to cancel for free within 24 to 48 hours of arrival essential, as per the 2024 Adyen report. Flexible rates offer free or lower fee modifications or cancellations before a set date. Benefits include improved conversion rates, increased direct bookings, and optimised RevPAR. Strategies like website exclusivity, clear terms, and AI widget campaigns can enhance implementation. The Elysée Val d’Europe hotel tripled direct bookings using HiJiffy's AI widget campaigns. Risks like last-minute cancellations can be managed with strategies such as offering rescheduling and setting fair pricing.

📱 Travelers visit 38 websites on average before booking a hotel, highlighting the need for centralized, customer-centric search platforms for direct bookings. The roomangel Foundation is pushing for a global initiative to connect new hotel search platforms directly to hotels' property management systems. Loyalty programs are shifting towards personalized rewards, and the Digital Markets Act, enforced on May 2, 2023, is aimed at curbing unfair practices by large digital platforms in the EU. Booking.com has ended rate parity clauses in the European Economic Area due to the DMA. Mobile bookings are surging, with 68% of travel and hospitality online traffic coming from mobile devices in 2023, and in the UK, 51.3% of bookings were made on smartphones by 2024. Artificial Intelligence is poised to revolutionize hotel distribution through enhanced direct bookings, dynamic pricing optimization, personalized marketing, and intelligent upselling.

???? 📈 Hermès achieved €15.2 billion revenue in 2024, a 15% increase, with a net profit of €4.6 billion, driven by sales in Americas. LVMH saw only 1% revenue growth reaching €84.7 billion. Kering shares dropped by 41%, reducing market value to €30 billion. Hermès plans to enter haute couture by 2026-2027. Prada and Miu Miu thrived with cultural engagements, while Prada's CEO Andrea Guerra, since 2023, focuses on consumer expectations. Moncler Group's revenues surpassed €3.1 billion, up 4%, with a net profit of €639.6 million. Richemont, with Cartier, reported strong demand in the U.S. Ferrari's net profit rose to €1.526 billion in 2024, with operating profit up by 16.7%. Nike's stock increased by 6.2% following a Skims collaboration announcement. On reported a 32% sales increase and is expected to exceed $2.6 billion in sales. The global luxury market is projected to grow annually between 1% and 3% from 2024 to 2027.

📌 Hans Meyer, the founding partner of citizenM and creator of Zoku, was featured on a podcast discussing innovation in hospitality. In 2003, he observed that hotels were indistinguishable except for brand names and colors. Meyer aimed to meet core needs like a good night's sleep, a great shower, and free internet, which was exceptional at the time. By starting with a white sheet of paper and focusing on specific guest desires, he created citizenM. Meyer emphasizes the importance of understanding the target audience's needs rather than following market trends.

🏨 Modern hotels are evolving to meet the expectations of today's travelers by integrating technology and sustainability into their design and services. As of Feb 24, 2025, they offer mobile check-in, keyless entry, smart rooms with voice-activated controls, and AI virtual concierges. Energy-efficient technologies and green materials are adopted for sustainability. Wellness amenities extend to meditation rooms and sleep tourism with high-quality bedding. Spaces are multi-purpose, blending lobbies with co-working areas. Cultural elements like local art are incorporated to enhance guest experience.

📱 In 2025, hotels are shifting from third-party to first-party data, leveraging Customer Data Platforms (CDPs) for better guest profiles and enhanced experience. TikTok evolves as a major platform for hotels to create short-form videos and reach millennials and Gen Z. Micro and nano influencers are now valuable for hotels to engage niche audiences, while User-Generated Content (UGC) increases trust and conversions. Voice search optimization and local experience marketing become crucial to offer authentic experiences and meet guest expectations in the digital marketing landscape.

📈 In 2025, hoteliers adapt to generational changes, personalized experience demand, and revenue management beyond room sales, leveraging ancillary revenues and experiential travel. They utilize revenue optimization tools and technology for strategic decisions and offer memorable activities catering to Millennial/Gen Z travelers. Embracing digital transformation with agile systems is key for real-time decision-making and sustainable success. Hospitality leaders are urged to assess their technology ecosystems for gaps and integration potential.

🎊 Concord Hospitality, founded in 1985 in Ohio and now based in North Carolina, celebrates its 40th anniversary. With a portfolio including Hilton, Hyatt, Marriott, and IHG, the company has 145 hotels and 23,696 rooms across 25 states and two Canadian provinces, plus over 30 bars and restaurants. In 2024, Concord opened The Westin Atlanta Gwinnett, a 348-room hotel. For 2025, they plan to open 14 hotels and six restaurants, indicating ongoing expansion and investment in the hospitality sector.

🏦 Accor's Luxury & Lifestyle division sees double-digit growth, with the Luxe & Lifestyle division closing in on the Premium Midscale Economy division's lead. In 2024, Accor's gross operating profit hit a record €1.12 billion, a 12% increase from 2023. The group opened approximately 280 hotels and improved margins on management and franchise contracts. The Luxury & Lifestyle division's current EBE was €427 million, up 21% from 2023, while the PME division's EBE was €809 million, an 8% increase. Net profit was €610 million for 2024, slightly down from €633 million in 2023. Each new room added to the portfolio has seen a 90% increase in value over five years, against a 12% volume growth.