Future of Lodging

The vast majority of hoteliers still rely on manual checklists, Excel workbooks, and phone calls for managing staff operations. However, if tech vendors can convince hoteliers to adapt, a new tech category has the potential to generate $1.3 billion annually.

Sustainable tourism organization Fairbnb.coop has launched in the UK. 

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.

German vacation rental marketplace HomeToGo’s revenue grew to €146 million ($155 million) in 2022, up 54 percent from the comparable period in 2021. This is well ahead of its initial…

Berlin-based MYNE, which manages co-ownership of holiday properties, acquired its rival VillaCircle. 

Among countries of significant size, Israel, Singapore, France, and the United Arab Emirates recently led in revenue per available room, a sign of performance. Plus, this week's hotel deal and development news from worldwide.

Sales and marketing needs to evolve to address the cultural depth luxury consumers now demand. The best hotels are moving beyond "heads-in-beds" marketing to creatively place brands in culture, catering thoughtfully to sub groups and interests. When done right, the resulting glow adds value to businesses owning their brands fully.

There is now another subscription service for short-term rentals.

Brands have overtaken independents in the U.S., and that trend looks set to repeat itself abroad. But independents have held up better than expected in the past year. Perhaps the U.S. market is reaching an equilibrium.

The new proposals yet to be finalized may achieve the opposite effect, reducing short-term rental inventory in the long run while pushing rental prices up. The government should be cautious given tourism's significant 17 percent contribution to the economy.