Colliers’ Post

The U.S. hospitality market rebounded in Q2 2024 following a slow start to the year. However, a cloudy macroeconomic outlook may temper spending on corporate and leisure travel in the near term. In this U.S. Hospitality Snapshot report, Mark Owens and Jamison Shields compare the performance of the broader U.S. hospitality sector with that of major national hospitality brands and sub-brands. Download here: https://ow.ly/GiCB50TgHJh #ColliersHospitality #ColliersCapitalMarkets #ColliersResearch

🌟 Elevating Hospitality Management in the UK 🌟 In the ever-evolving landscape of hospitality, one thing remains constant: exceptional service. With the rise of sustainable tourism and shifting guest expectations, UK hospitality managers are tasked with balancing tradition and innovation. 🏨🌿 The key to success lies in embracing cutting-edge technology without losing the personal touch that defines British hospitality. From seamless check-ins powered by AI 🤖 to locally sourced menus that promote sustainability 🌱, it’s all about creating a memorable guest experience while supporting our communities. Let’s also not forget the importance of team development! Investing in our staff with continuous training and fostering a culture of growth empowers them to deliver service excellence. 🧑💼💪 As we move forward, let’s keep our focus on what truly matters: the guest experience, sustainability, and innovation. These pillars will drive the future of our industry, ensuring that the UK remains a top destination for travellers worldwide. ✈️🏰 #HospitalityLeadership #UKHospitality #ServiceExcellence #SustainableTourism #GuestExperience #InnovationInHospitality #BritishHospitality #TeamDevelopment #LeadershipInAction 🌍🌟

Commercial Awareness in the Hospitality Sector: The Key to Success In the hospitality industry, commercial awareness is not just important—it’s essential. This sector thrives on understanding and anticipating customer needs, market trends, and economic shifts. What is Commercial Awareness? Simply put, commercial awareness is the ability to understand the business environment. It means being aware of the economic, social, and political factors that can affect industries and markets. 🏨 Why It Matters in Hospitality: Customer-Centric Approach: Knowing what guests want and how their preferences change allows hotels, restaurants, and travel companies to tailor their services for better experiences. Competitive Edge: With a deep understanding of market dynamics, hospitality businesses can stay ahead of the competition by innovating and adapting quickly. Financial Acumen: Awareness of economic conditions helps hospitality managers make informed decisions about pricing, cost control, and investment. 📈 Real-World Impact: Consider how the rise of eco-tourism is influencing hotel operations. Properties that understand this trend and incorporate sustainable practices are more likely to attract environmentally conscious travellers. Moreover, the hospitality sector must navigate challenges like fluctuating travel patterns due to global events. Those with a keen sense of commercial awareness can pivot effectively, ensuring resilience and continued growth. #hospitalityIndustry #marketInsights #customerExperience #sustainableBusiness #innovation

UK's Hospitality Update: July 2024 As we look at the numbers from July 2023 to July 2024, the UK's hospitality industry shows some important trends: • 📈 TREVPAR is up by 2.7%: This increase in total revenue per available room likely reflects continuing strong demand and effective revenue strategies. • 📉 GOPPAR is down by 0.1%: A decline in gross operating profit per available room, paired with higher revenues means rising costs are having a significant impact on profitability. We want to hear from you: • Are you seeing similar trends in your hotels? • What strategies are you using to increase profits? • How do you balance growing revenue with controlling costs? Let’s work together to turn these insights into strategies that drive success in our ever-changing industry. Discover how at : https://hubs.ly/Q02Qzg340

The hospitality industry, a vital pillar of global leisure and travel, faces a persistent obstacle: high staff turnover. While some turnover is natural and even beneficial, bringing fresh perspectives and energy, the Bureau of Labor Statistics paints a concerning picture. Hospitality turnover rates soar to a staggering 70-80% annually, compared to a much lower 7-13% average across other sectors. In today's ever-changing landscape, the crucial role technology plays in stabilizing and empowering the hospitality industry cannot be emphasized enough. Dalos positions itself at the forefront of this transformation, offering a dependable and supportive partnership for hospitality businesses. Read more: https://lnkd.in/dfW8652h #Dalos #DalosDifference #Hospitality #Turnover #Blog

✨ EXCLUSIVE HOSPITALITY INSIGHTS AVAILABLE TO DOWNLOAD NOW ✨ Amid the shifting tides of the hospitality industry, we've partnered with AA Hotel and Hospitality Services, to present an overview of critical trends and insights derived from a survey of nearly 500 business owners and managers in UK hospitality. This hospitality-insider report details what hospitality businesses are saying about:  ⭐ The greatest challenges in the hospitality industry ⭐ How important sustainability is ⭐ A review of performance in 2023 and opportunities for 2024 Download your free copy here >> https://lnkd.in/eFDzvXV5 #hospitalitytrends #hospitalityindustry

In times of economic uncertainty and shoulder seasons, loyalty programs have emerged as a game-changer for major hotel brands, driving significant occupancy growth. CBRE Hotels delved into the loyalty programs of five leading global public hotel companies to uncover critical insights and growth trends in this dynamic market. Curious about how these strategies can be applied to your region? Dive into our report for key learnings and actionable takeaways. #TogetherCBRE Read our full report here: https://cbre.co/3ymEJeb

Despite facing a number of challenges over recent years with rising costs, staffing issues and reduced footfall contributing to a difficult trading environment for hospitality business owners, figures suggest the outlook is potentially looking brighter as we head into summer. ☀️ We have reviewed the latest research from Visit Britain and results from the Cumbria Tourism Tracker survey 2024, while speaking to hospitality business owners to consider the outlook for the hospitality sector as we enter the peak season. Read more on our hospitality hub 👇 https://bit.ly/3UNdzUL #hospitality #business #Cumbria

🔍 UK Hospitality Trends Uncovered 🍸 🤩 Our latest Quick Take Report highlighted in a recent Modern Hospitality article, dives into the evolving landscape of UK hospitality, highlighting key trends and insights that every industry professional should know. From changing guest expectations to the role of technology in shaping memorable experiences, this report is a must-read. 💡 Discover how to stay ahead of the curve and elevate your hospitality game in today's competitive market. Read the full article here 👉 https://lnkd.in/d7fv3Jh7 #UKHospitality #CustomerExperience #IndustryTrends #ReputationInsights #HospitalityTech" https://lnkd.in/d7fv3Jh7

From emerging trends to upcoming challenges, here's what to look for in the hospitality industry: