Consumer Trends: Page 2

  • Travelers walk through an airport terminal that is displaying an American flag.
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    Scott Olson via Getty Images
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    CBRE reduces 2024 RevPAR forecast, notes challenges ahead for hotels

    Election-related events and international travel will buoy near-term RevPAR growth, but economic headwinds could pose risks for U.S. hotels.

    By • Aug. 19, 2024
  • Choice Hotels opened the upscale Cambria Hotel Denver Downtown RiNo.
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    Courtesy of Choice Hotels International
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    Choice Hotels taps creative, digital agencies for ‘next level’ marketing play

    Along with new partners Dentsu X and 72andSunny, Choice sets up strategy for the remainder of 2024 and plots a 2025 campaign, in addition to loyalty enhancements.

    By • Aug. 14, 2024
  • An aerial view of New York City.
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    Drew Angerer via Getty Images
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    Top trends driving US hotel investment in 2024

    Supply growth, travel demand and changes to the lending environment will guide hotel performance and investor appetite this year, according to a report from JLL.

    By • Aug. 13, 2024
  • Travelers check into a hotel.
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    Anchiy via Getty Images
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    Middle-income travelers opting for shorter hotel stays, budget options: report

    When it comes to travel spending, middle-income consumers are behaving more like low-income ones — though they’re still traveling nearly as much as their higher-income counterparts, according to Morning Consult.

    By • Aug. 13, 2024
  • The colorfully designed lobby at a hotel property.
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    Edwin Tan via Getty Images
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    Upper-tier hotel segments to see highest RevPAR growth in 2024-25: report

    STR and Tourism Economics maintain their hotel performance growth outlooks for each year and say changing traveler behavior will benefit higher tiers.

    By • Aug. 12, 2024
  • A business traveler check into a hotel in the hotel lobby.
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    Drazen_ via Getty Images
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    Hospitality trends that drove RevPAR gains, pipeline growth in Q2

    Heightened group travel boosted revenues for several hotel companies, while conversions and extended stay remained top of mind for developers.

    By • Aug. 9, 2024
  • My Place Hotels began franchising in 2014.
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    Courtesy of My Place Hotels
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    Q&A

    My Place Hotels CEO talks evolution of extended stay, breaking the mold

    With a long family history in hospitality, Ryan Rivett shares his outlook on the “desirable” extended stay segment and his strategy for My Place as it celebrates 10 years of franchising.

    By • Aug. 5, 2024
  • An image of the Bellagio Las Vegas, now part of MGM Collection with Marriott Bonvoy.
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    Courtesy of Marriott International
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    Luxury, group travel in Las Vegas drove Q2 gains for MGM

    The resort operator said room rates on the books in Sin City are higher for the third quarter as well, but Formula 1 in Q4 is “off to a soft start.”

    By • Aug. 1, 2024
  • A canvas tent on wooden stilts in a forest.
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    Courtesy of Under Canvas
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    Hyatt partners with Under Canvas in luxury outdoor loyalty play

    World of Hyatt members gain access to the upscale hospitality provider's 13 outdoor resorts as Hyatt bolsters its luxury portfolio.

    By • July 29, 2024
  • Valencia Hotel Group acquired Cavalry Court, along with another boutique hotel in College Station, Texas.
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    Courtesy of Valencia Hotel Group
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    Valencia Hotel Group makes college town play with Texas acquisitions

    The two boutique College Station deals come as more hotel players eye growth opportunities in “stable” university-supported markets across the U.S.

    By • July 24, 2024
  • The Phoenix metropolitan area has seen growing hotel occupancy, ADR and RevPAR in recent years driven by strong travel fundamentals.
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    dszc via Getty Images
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    Deep Dive // Hot Markets

    Market Spotlight: Phoenix

    Sports tourism and a flourishing manufacturing sector are driving hotel performance gains as well as investor and developer activity in the metro area.

    By • July 16, 2024
  • An aerial view of high rises in Miami.
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    Art Wager via Getty Images
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    US lodging prices fell in June

    Prices across economic sectors are easing, with travel costs leading the way, according to the U.S. Travel Association’s monthly Travel Price Index.

    By • July 16, 2024
  • A hand pours sauce on a cut of fish.
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    Courtesy of Hilton
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    Hotel restaurants use storytelling, immersive experiences to draw repeat guests

    Successful concepts center narratives, offer signature experiences and are well-attuned to changing customer tastes, experts say.

    By Brian Martucci • July 15, 2024
  • HotelsHero, the AI-powered luggage storage management system, launched in May.
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    Courtesy of HotelsHero
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    Hotel Tech-in: The AI-powered system safely storing guest luggage

    The recently launched HotelsHero stores guests’ baggage on-property without lockers or added costs for hoteliers.

    By • June 27, 2024
  • The Biden administration signed into law legislation that gives TikTok owner ByteDance one year to sell the platform or face a nationwide ban.
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    Dan Kitwood via Getty Images
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    How a TikTok ban could impact hotel marketing efforts

    Hospitality industry pros share what hotels stand to lose from a potential ban as well as alternative hotel marketing strategies to consider.

    By • June 18, 2024
  • Romer House Waikiki, the first adults-only hotel on Hawaii’s Oahu Island, is officially open.
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    Courtesy of REM Public Relations
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    Highgate opens first adults-only hotel on Oahu

    The boutique Romer House Waikiki will target the travelers-without-kids demographic on the island, according to Highgate Hawaii President Kelly Sanders.

    By • June 17, 2024
  • A TV screen displays a QR code for guests to scan that leads to the Timeshifter app.
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    Courtesy of Timeshifter
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    Hotel Tech-in: The app helping guests beat jet lag

    InterContinental Hotels & Resorts has tapped Timeshifter, which uses science to help travelers navigate time differences, to improve the guest experience.

    By • May 31, 2024
  • A woman in a crowd holds a phone camera above her head.
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    Spencer Platt via Getty Images
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    McKinsey on the future of travel — and the opportunity for hotels

    Hospitality players will need to adapt to “nuanced and proliferating” traveler types to succeed, McKinsey Associate Partner Jasperina de Vries told Hotel Dive.

    By • May 29, 2024
  • The exterior of the Fiserv Forum.
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    Daniel Boczarski via Getty Images
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    How political party conventions are impacting hotel rates in Chicago, Milwaukee

    Research from hospitality data provider Lighthouse shows the Republican and Democratic National Conventions are having “vastly different” effects on the cities’ respective hotel markets.

    By • May 23, 2024
  • Stock image of hotel room
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    onurdongel via Getty Images
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    Hotels to see ‘marginal’ performance gains despite economic woes: PwC

    Hotel occupancy, ADR and RevPAR will rise this year and into 2025 even as “economic uncertainty and geopolitical tensions” continue, the professional services company forecasts.

    By • May 23, 2024
  • Female with luggage arriving at hotel with receptionist waiting for welcoming.
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    jacoblund via Getty Images
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    US hotel RevPAR to grow 3% for remainder of 2024: CBRE

    Despite a “weaker than expected” first quarter, CBRE analysts forecast an uptick in international visitors, election-related events and muted supply growth will drive RevPAR results.

    By • May 21, 2024
  • A person pushes a stroller and another person pushes a luggage cart.
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    Mario Tama via Getty Images
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    The summer 2024 travel trends that will impact hotels

    Americans hitting the road this summer will have different demographics, budgets and reasons for travel — and more of them are opting for alternative lodging.

    By • May 21, 2024
  • Pink and purple flowers hang from the ceiling in a hotel lobby.
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    Courtesy of Cris Molina for IHG Hotels & Resorts
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    IHG, Marriott launch ‘multisensory’ offerings for luxury and lifestyle guests

    The amenities debut as guests increasingly seek unique experiences and a greater connection to nature, particularly at lifestyle hotels.

    By • May 17, 2024
  • A photo of planes' tails.
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    Spencer Platt via Getty Images
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    The Gen Z traveler has landed: Here’s what the numbers say

    With 72% of millennials and 65% of Gen Zers planning to spend more on travel this year than 2023, brands need to connect at each step of the journey.

    By Sara Karlovitch • May 3, 2024
  • Solar eclipse draws travelers to hotels
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    Justin Sullivan via Getty Images
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    Total solar eclipse drives hotel RevPAR gains across US

    Hotels in larger urban areas along the path of totality from Texas to Maine saw higher performance boosts from the April 8 event, with Indianapolis seeing the greatest impact.

    By • April 23, 2024