Investment analysts are looking at how hotels can profit from emerging consumer interest in wellness and wellness' evolution into a broader concept of well-being.
Lodging Econometrics released its Q4 year-end Global Construction Pipeline Trend Report. At the close of 2022, LE analysts state that the total global construction pipeline stands at 14,267 projects with 2,298,846 rooms.
Accor executives believe their competitive advantage is becoming more apparent as U.S.-based hotel groups go abroad to expand. They claim to have a more global organizational footprint and a better sense of what hotels need to profit in many non-U.S. markets.
Hertz has plenty to gain by going after the more price-conscious traveler with these two brands, especially as corporate America tightens its belt. But then how does it balance that with its push for more luxury electric vehicles?
Many hotels needed refurbishment after the pandemic chaos, and Accor needed a refurb of its own. CEO Sébastien Bazin argues that his latest reorganization gives Accor the capability to become the world leader in luxury while preparing for a hybrid hospitality future.
Remote workers are taking more trips with their laptops, but preferring not to reveal where they've headed to their bosses. It sounds like fun, but in the long term it may not be that great for them, or their employers.