Phoenix American Hospitality

This week in U.S. hotels: 📈Occupancy up 0.5% YoY 📊ADR climbing 1.4% 🛋️RevPAR surging 1.9% It's not just about filling rooms—it's about maximizing value and watching market trends. https://lnkd.in/g2gaCq5g #HotelPerformance #RevenueMangement #HospitalityIndustry

By 2030, 75% of consumers in emerging markets will be 15-34 years old, comprised mostly of value-conscious travelers seeking quality experiences. For select-service hotels, it's time to innovate: 📱Tech-forward amenities 🛎️Efficient, personalized service 🛋️Quality experience at a competitive price point The future of hospitality investment lies in capturing the next generation of travelers. #CustomerExperience #HospitalityTrends #SelectService

The post-pandemic travel boom is cooling, but the industry's not breaking a sweat! 😎 Current industry trends: • Travelers are seeking value, not just experiences • Booking windows are shrinking • Group travel to smaller cities is on the rise Those who can pivot to meet changing consumer behaviors will thrive. #TravelTrends #HospitalityIndustry #ConsumerBehavior #AviationWeek

The U.S. currently ranks 17th out of 18 major economies for travel competitiveness, so with the 2026 World Cup and 2028 Olympics on the horizon, the U.S. travel industry is gearing up for a major overhaul to modernize our travel infrastructure! 🛫 Major industry players are: • Touring key airports • Collaborating with CBP and TSA • Aiming to boost U.S. travel competitiveness Their mission? To make the U.S. a top global travel destination. #TravelTrends #BusinessInnovation #HospitalityIndustry #AviationWeek

U.S. hotels continue to bounce back! 📈 RevPAR ⬆️ 1.3% Occupancy ⬆️ 0.8% ADR ⬆️ 0.6% Key takeaway? Adaptability wins in this continually evolving market. #HospitalityIndustry #HotelTrends #HotelPerformance

Hotel industry's unexpected hero? Low supply growth! 📈 June saw just a 0.5% increase in supply, keeping occupancy steady. RevPAR was up 1.5% year-over-year in June. Promising signs as we gear up for the Q4 2024 holiday travel season! #HotelIndustry #HospitalityTrends #HotelOccupancy

Healthy lifestyle options are the new luxury in hospitality! For example, 46% of consumers eat a balanced diet to stay healthy longer. Hotels are catching on, offering everything from blackout curtains to healthier meal options. Who knew your vacation could be the fountain of youth? #HospitalityTrends #Wellness #HospitalityIndustry #CustomerExperience

63% of travelers decide to go on vacation undecided on the destination! 🌎✈️ Social media plays a significant role in travel inspiration, with 65% using it to find their next getaway spot. 📸 Instagram: 65% 👍 Facebook: 48% 🎥 YouTube: 40% 📱 TikTok: 37% Looks like scrolling might just lead to your next adventure! #TravelTrends #CustomerAcquisition #SocialMedia

Corporate travel is surging! 💼 Twenty percent of business travelers plan 6-10 trips this year, up from 15 percent in 2023. The trend underscores the evolving needs of business travelers and the hospitality sector's adaptability, with select-service properties in urban centers poised to benefit. #CorporateTravel #HospitalityTrends #BusinessTravel

It was a record-breaking week for US hotels! RevPAR hit an all-time high at $122.02, up 3.4% year over year. 🏨 Houston led the charge with a staggering 56% RevPAR surge. 📈 This surge demonstrates the resilience and adaptability of the hospitality sector, particularly in select-service properties. 🛎️ 🔗https://lnkd.in/gccdiTPN #HotelPerformance #HospitalityIndustry #TravelTrends