LATEST NEWS

Luxury Brands Pivot to Hospitality as Retail Focus Shifts to Experiences, with Global Travel Forecasted at $10.9 Trillion

🏨 Prada transformed Hotel Chelsea this spring during Tribeca. McKinsey reports luxury growth slowed as shoppers leaned towards experiences, travel, and wellness. WTTC projects global travel and tourism will reach $10.9 trillion in 2024, representing 10% of world GDP. Louis Vuitton emerged in Mayfair with a hotel-style pop-up, and Selfridges launched 40 Duke, a social club in London. Retail now focuses on emotion, context, and service over traditional inventory.

Innovation

SiteMinder Expands to Connect 53,000 Hotels to AI Trip Planning via Partnership with DirectBooker

Here's a blog post excerpt summarizing the key facts: 🏨 SiteMinder, a hotel commerce platform, announced on Wednesday two key expansions to enhance visibility for its 53,000 hotels in AI-powered trip planning and booking tools. This includes a partnership with DirectBooker, connecting live hotel rates to platforms like ChatGPT and Claude. These updates leverage Model Context Protocol, ensuring AIs can access live hotel data effectively.

Mergers & Acquisitions

Hotel Operations

Marketing & Revenue Management


Hotel Openings