- 10 Minutes News for Hoteliers - Page 18

Close-up of a tiny black house-shaped model held between two fingers with a blurred background on a neutral wall/desk surface.

0 min

Short-Term Rentals Gross Bookings to Reach $270.6 Billion by 2029, Growing at 5.3% Annual Rate

5 August 2026

🗽 In 2025, global short-term rental bookings hit $219.9 billion, projected to grow at a 5.3% annual rate to $270.6 billion by 2029. The US saw STR usage rise from 24% to 30% in a year, marking the largest recorded increase. Factors influencing this sector include tighter regulations affecting supply, AI and platform changes in booking processes, and shifting traveler expectations impacting the balance between short-term rentals and hotels. Europe shows a stable, mature market.

Q2 2026 earnings comparison for Marriott, Hilton, Hyatt, and Wyndham with RevPAR, rooms, fees, growth.

2 min

Marriott, Hilton, and Hyatt Reduce Fees for Hotel Owners Amid Increased Focus on Converting Existing Properties

5 August 2026

🏨 Q2 2026: Major hotel brands adapt strategies. Marriott, Hilton, and Hyatt cut fees for owners, while Wyndham increases rates. Marriott rebates 0.5% of room revenue, Hilton decreases loyalty fees by 0.3 points, and Hyatt removes IT setup fees. Conversion of existing hotels drive growth: 40% for Marriott, 36% for Hilton, and 90% within a year for Wyndham. Hotel owners, armed with this info, should negotiate better terms while brands focus on conversions.

Exterior view of a My Place hotel with beige and stone façade, a covered entrance, and parked cars under a blue sky.

2 min

My Place Hotels Opens First Florida Property in Port Charlotte/Punta Gorda, Expanding Extended-Stay Options After Five Years

4 August 2026

🏨 My Place Hotels opens its first Florida property in the Port Charlotte/Punta Gorda market, located along the I-75 corridor. The 63-room hotel, first in the submarket in 5+ years, features in-room kitchens and a business center. Construction began in 2025, with design by The Richardson Design Partnership. Owned by PCMP 23, LLC, and managed by Legacy Management, LLC, it addresses the growing demand for extended-stay options in the region.

Podcast cover for The Air Travel Podcast: large red 'Layovers' title, episode 161 AAR, white airplane silhouette, and subtitle 'With Christian Nolle, Direction of Travel'

1 min

Christian Nolle Launches New Project "Airline Atlas" Focused on Aviation Culture and Historical Impact of Flying

4 August 2026

✈️ Christian Nolle is an aviation-focused maker and editor of *Direction of Travel*. He tested Heathrow's Terminal 5 before it opened and collects route maps. In a podcast episode, Christian discusses his projects, including *Tickets to Everywhere* and his latest reveal, *Airline Atlas*, which caused a one-week delay in the episode's release. The discussion covers historical airline influences and his discovery of abandoned Olympic Airways aircraft at Ellinikon, the former Athens airport.

Housekeeper in white shirt and black bow smoothing a bedspread, holding a tablet, in a hotel room with another staff member and cleaning cart in the background

4 min

Hotel Operators Enhance Profitability by Focusing on Total Value in Procurement Strategies Amid Rising Costs

4 August 2026

🏨 Rising costs and labor pressures are pushing hotel leaders to scrutinize procurement. Effective procurement strategies, including support from Group Purchasing Organizations (GPOs), are crucial for maintaining guest satisfaction and profitability. Key strategies include reducing labor through efficient amenities, utilizing local suppliers, and leveraging digital procurement platforms for insights. Procurement impacts daily operations by enhancing efficiency, controlling costs, and ensuring consistent performance. Evaluating the true cost beyond unit prices ensures decisions align with broader business objectives.

Speaker on stage at a conference with a large screen showing a blue 'Ideas Intelligence' presentation and a puzzle-piece graphic labeled trust.

2 min

IDeaS Converge 2026 Highlights Shift from Traditional Revenue Management to AI-Driven Commercial Platforms

4 August 2026

💻 Converge 2026, IDeaS Client Summit, showcased a shift in revenue management systems. Key trends include: 1) Dashboards transitioning to workflows for efficiency; 2) AI enhancing interfaces, explaining anomalies and recommendations; 3) Platforms evolving to orchestrate decisions across pricing and inventory; 4) Revenue management expanding into commercial management, integrating pricing, forecasting, and demand generation. These developments signal an evolution towards comprehensive commercial platforms, emphasizing decision-making and trust in AI.

2 min

CocoKami Introduces Versatile Coconut-Based Vegan Meat Alternative with Three Ready-to-Cook Cuts for Diverse Cuisines

4 August 2026

🌽 CocoKami, a vegan coconut flesh product, offers versatile cooking options as a frozen, ready-to-cook ingredient in strip, chunk, and roll formats, akin to squid or cuttlefish in texture. Well’B initially supplied raw flesh, but in-house processing improved practical use. CocoKami’s single-ingredient profile targets health-conscious consumers, distinguishing it from complex plant-based alternatives. It’s adaptable in Asian cuisines, providing a white meat alternative with no additives, aligning with founder Youle's minimalist philosophy.

Woman with long dark hair in a white shirt holds a shrimp on chopsticks up to her eye in a warmly lit restaurant setting in the background.

1 min

Solo Dining Rises in Urban China as 240 Million Single Adults Reshape Restaurant Landscape

4 August 2026

🍽 In 2023, China had approximately 240 million single adults, with projections suggesting this will surpass 300 million. These demographic changes, including later and lower marriage rates and more individuals living independently, have influenced dining trends. Traditionally communal, Chinese dining now increasingly accommodates solo diners, prompting restaurants to adapt their service and marketing strategies. This shift reflects evolving societal norms in urban China, with solo dining becoming a mainstream experience across various dining settings.

Woman holding a lavender bottle labeled 'Lemme GROW' (hair growth) close to her face in a beige studio setting, with makeup and sleek dark hair.

2 min

Nestlé Launches Nutricosmetics Line, Nestlé Vital, Amid North America's 90.05% Market Revenue Share in 2024

4 August 2026

🧑‍🔬 In 2024, North America led the nutricosmetics sector with a 90.05% revenue share, driven by a rise in health-focused beauty products. Nestlé launched Nestlé Vital, offering drinks for energy, sleep, and vitality. Vital Proteins and Moon Juice are notable for collagen supplements and adaptogens, respectively. Challenges include regulatory complexities and ingredient dosage concerns. Emerging trends highlight NAD+ precursors, creatine, and gut health ingredients as consumer interest propels industry innovation.

Server in a gray shirt and black apron shows a mobile payment device to a couple at a wooden table with drinks.

3 min

67% of Consumers Feel Positive About Finances, Boosting Restaurant Spending Despite Economic Pressures, Survey Shows

4 August 2026

🍽 Sixty-seven percent of consumers feel positive about their financial well-being in mid-Q2, despite concerns over high costs and geopolitical tensions. Of those with incomes over $100,000, 81% remain optimistic, compared to 56% for those under $50,000. Restaurant visits are stable, with 80% of adults dining out, slightly up from Q1. However, 40% dine out less than three months ago, and 35% order fewer add-ons. Fifty-six percent spend discretionary income dining out, versus under 25% for other activities.

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