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
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**Transforming Challenges into Opportunities: The Hospitality Industry's Unprecedented Journey** The past year has left an indelible mark on the hospitality industry, pushing boundaries and compelling us to rethink our strategies. Amidst canceled trips and closed doors, we've witnessed an evolution, a shift towards more personalized, sustainable, and tech-driven services. From virtual reality tours to eco-friendly practices, the industry is resiliently bouncing back, promising guests not just a stay but an experience. This transformation speaks volumes about the sector's agility and commitment to excellence in adversity. It invites each one of us to reflect on our approach and adaptability. As we forge ahead, let's embrace these changes as stepping stones towards creating more meaningful and memorable hospitality experiences. Together, we're not just reviving; we're redefining what it means to travel and stay. Let’s discuss: How are you incorporating these innovations into your offerings?🌟 #HospitalityRevolution #InnovationInHospitality #FutureOfTravel
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Exploring the future of tourism and hospitality! McKinsey's latest insights reveal six transformative trends reshaping business models in our industry. From asset-light strategies to the rise of home-sharing platforms, these trends are driving innovation and growth. A must-read for anyone in the sector.
Six trends shaping new business models in tourism and hospitality
mckinsey.com
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🌟At Swire Hotels, we are very proud to be one of the winners of China’s #Top100Hotels as well as Outstanding Hotels Groups at this year’s Travel + Leisure Co. Island Summit👏It is a celebration for our property teams as well as the group’s effort in driving exceptional services for our guests🎖️Moreover, it is a motivation for us to do even better in delivering our consistent brand experiences. 🙏Meanwhile, I am honoured to be sitting alongside with other business leaders at one of the panel to discuss sustainable tourism, mixed-use development and digital innovation🙂Particulalry, It is a pleasure for me to share my thoughts in #creativity and #innovation with my fellow Chinese media, hoteliers and marketers. ☝️I strongly believe technology and digital innovation helps us to improve our operational efficiencies. Now why we need to be more efficient is really because our new generation customers are very demanding. They demand on speed, convenience, value, integrated omni-channel experiences. 💁♂️As a result, the starting point of all HOWs is really to understand what your target customers are looking for and how they behave digitally, then explore creative ways to attract, engage and retain them. 📱We all know that our customer journey is moving almost fully to digital now. From planning and researching a destination, to booking a hotel room, to enjoying the stay experiences, to post-stay engagement. There is no one for all solution, we talk about AI all the time, but I would urge us to keep in mind that we should not just jump on the newest trend because it is the newest, we accelerate #digitalinnovation based on what our customers want. #TheHouseCollective
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Happy International Hospitality Day! 🎉 Today, we celebrate the heartbeat of global connectivity and cultural exchange – the hospitality industry! 🌍✨ Let's explore some fascinating facts that highlight how important the industry is. 💼 Economic Powerhouse: With a staggering $3.5 trillion in annual revenue, hospitality fuels economies worldwide, providing livelihoods to over 300 million individuals. 👥 Employment Hub: As one of the largest employers on the planet, hospitality offers opportunities to millions, fostering growth and prosperity. 🏨 Diverse Landscape: From cozy boutique hideaways to sprawling international chains, the industry boasts a rich tapestry of over 187,000 hotel properties globally. 📱 Digital Frontier: Embracing the digital age, 57% of hotel bookings now occur online, underscoring the sector's tech-savvy evolution. 🚀 Business Buzz: With business travel driving 60% of total travel spending, hospitality serves as the backbone for corporate ventures and professional engagements. 💎 Luxe Living: Luxury hotel chains enjoy a lavish 7% yearly increase in Revenue per Available Room (RevPAR), elevating guest experiences to unparalleled heights. 🌱 Sustainable Spirits: With a growing focus on eco-conscious initiatives, 70% of travelers prefer sustainable accommodations, paving the way for a greener future. Let's raise our glasses to the resilience, creativity, and unwavering commitment of hospitality professionals worldwide! Here's to crafting unforgettable memories and fostering connections that transcend borders. 🥂✨ #InternationalHospitalityDay #GlobalHospitality #HospitalityHeroes #ConnectivityRedefined #HotelSpider #OnlineDistribution #EmpoweringHotels
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The landscape of guest expectations is ever-changing, demanding hotels to continuously innovate and adapt. Let's delve into a few pivotal points. 🌱 Sustainability Matters: Guests increasingly prefer eco-friendly hotels - implement sustainable practices in operations and amenities. 📲 Tech-Savvy Services: Leverage technology for seamless bookings, digital check-ins, and personalised in-room experiences. 🌐 Unique Experiences: Curate distinctive, authentic experiences within your locale that cater to the adventurous and curious spirits of travelers. 🤲 Human Touch: Despite the tech wave, a personal connection, empathetic service, and genuine interactions remain crucial. We’d love to hear from you! How is your hotel adapting to shifting guest expectations? Share your thoughts and strategies in the comments below! 👇 #80TwentyHotelMedia #GuestExperience #HotelIndustry #EvolvingTrends #SustainableHospitality #TechnologyInHospitality #UniqueExperiences
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✈️ In recent years, the hospitality industry has adapted to various influences arising from digitalization and technological advancements. This adaption is driven primarily by Gen Z. Read more about Pop-up hotels as visionary concepts for Gen Z travelers. ➡ Full article here: https://lnkd.in/gWQFJJCJ #hospitality #genz #popuphotels
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#50BestTalks: Unpacked New money: global hotspots for luxury spenders As global head of research and the editor of The Wealth Report, Knight Frank’s annual guide to the world’s top spenders, Liam Bailey has led the development of the company’s wealth research division, tracking private investments across the planet. At #50BestTalks: Unpacked, he will draw on the latest data and insights from The Wealth Report to explore the evolving attitudes of affluent consumers and examine how global wealth creation is shifting across generations. He will also identify emerging hotspots for growth and explain how these trends impact both hoteliers and their guests. Read more here https://lnkd.in/emGh7VD4 and follow The World’s 50 Best Hotels for more insights from this event. #Worlds50BestHotels #50BestHotels #Hotels #Travel #HotelExpert #TravelExpert #Luxury
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🌟 Happening Now at International Hospitality Investment Forum (IHIF) 2024! As the panel delves into "Decoding the Economic Shifts and Travel Patterns Impacting Hospitality," we're excited to share our insights in this article. Dive into the core of evolving travel behaviors and economic trends that are shaping the hospitality industry's future. Is your hotel strategy aligned? #IHIF2024 https://lnkd.in/g9TiFU5D #hospitality #operations #hotelinnovation #hoteltrends #traveltrends #trends #hotels #innovation #technology #hoteltech #techtrends #events #berlinevents
Facing 2024 Head-On: 5 Key Trends Every Hospitality Pro Should Act On Now!
unifocus.com
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🖇 New article: Smart Hospitality Trends: What to Expect in the Next Five Years 🚀 In this article, we’ll explore the key smart hospitality trends that are set to shape the industry over the next five years, helping you prepare for the future of travel and accommodation. #SmartTechnology #SmartTechTrends #SmartSustainability #SmartHotels #SmartSolutions #Hospitality
Smart Hospitality Trends: What to Expect in the Next Five Years
ethnic.tech
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The pandemic forced the hospitality industry to double down on efficiency. Hotel leaders at the recently held 2024 Americas Lodging Investment Summit, stated that the next challenge for the industry is maintaining efficiency while keeping things exciting for guests and employees alike. Check out how hoteliers are pushing for greater innovation, while also addressing sustainability and collaboration. #Hospitality #HotelManagement
Hotel Leaders Push for Greater Innovation
share.postbeyond.com
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