Market Trends - 10 Minutes News for Hoteliers - Page 116

SOHOMA gears up for ongoing expansion

🏨 Sohoma, founded in the 1990s by Jean Solanet, oversees 85 hotels in France, with projected sales of 170 million euros in 2023. The company completes 6 to 7 transactions annually and is expanding internationally, especially in peri-French regions. Sohoma is shifting focus from new constructions to refurbishing existing properties, such as transforming two office buildings in Mérignac, France, into a 158-room Hampton Inn. They emphasize a people-centric approach and appointed Vincent Galoche as Director of Operations France and International.

2 min

Poor hotel tech is affecting employee retention, Cloudbeds finds

🏨 San Diego-based Cloudbeds' research highlights PMS impact on hotel staff retention, revealing 38% of employees left due to PMS experience. Over half of managers (52.2%) believe at least four months are needed for staff to confidently use PMS. Moreover, 73% of staff receive manual PMS training, suggesting a need for more intuitive systems. The study surveyed 500 hotel staff across the US, UK, Canada, Mexico, and Spain, emphasizing the importance of user-friendly hotel technology for employee satisfaction and efficiency.

2 min

Lough Erne Resort’s Faldo course achieves top 10 spot in GB and Ireland Parkland Course rankings

🏌️ The Faldo Course at Lough Erne Resort ranked 6th in Golf World’s Top 100 Parkland courses in Great Britain and Ireland. Adare Manor, which will host the 2027 Ryder Cup, was ahead at 2nd. The course features 11 water holes and nearly 50 sand traps. Barry McCauley, Golf Operations Manager, expressed pride in the achievement. In July, the course hosted the 'Champion of Champions' World Championship with 250 junior golfers from over 40 countries.

2 min

Four Seasons takes over management of Park Gstaad Hotel in Switzerland

🏖️ Four Seasons will manage the renovated Park Gstaad Hotel in Switzerland, a historical property opened in 1910. Owned by Dona Bertarelli, the hotel's refurbishment is led by Squircle Capital and designer Joseph Dirand, aiming to maintain its classic alpine style. It will feature 75 rooms and suites, plus Penthouse Residences for purchase, alongside amenities like a spa, fitness center, dining options, an ice rink, tennis court, and a kids' program. The expansion strengthens Four Seasons' alpine presence, complementing their luxury hospitality market in Europe.

2 min

NH Collection to open first 5-Star hotel in Ibiza in 2025

🏠 NH Collection is set to open its first 5-star hotel in Ibiza in April 2025 near the old town and marina. The Hotel Sir Joan, opened in 2017, will be renovated, rebranded, and modernized for the luxury market with 38 rooms and suites. AX Partners bought the hotel for €28 million and plans further Mediterranean investments, including another hotel on the Costa Brava. This expansion will bolster NH Collection's presence and cater to Ibiza's increasing luxury tourism demand.

India’s travel industry is thriving with its rapidly growing economy

🏆 India's travel industry is set for significant expansion over the next five years, with the online travel market expected to grow faster than the overall industry—approximately 9% overall versus 12-13% online, and an even faster 18% for B2C online travel agencies. This surge mirrors China's travel growth a decade ago. With nearly half of India's population under 25 and increasing purchasing power, travel is becoming essential. Phocuswright emphasizes the trend towards more travel opportunities for those previously with limited access. Date: Jan 15, 2025.

Phocuswright predicts steady growth for travel in 2025

🏆 Global travel market, valued at $1.61 trillion, expects 6-9% annual growth through 2026; online bookings to surge 8-12% yearly. Gross bookings to rise from $1.6 trillion in 2024 to $1.72 trillion in 2025. Online bookings predicted to hit $1.0 trillion in 2024 and $1.2 trillion in 2026, with 65% of travel bookings online by 2026. Airline revenue growth may slow to 10% in 2024, hotels to see 55% online booking market share in 2024, rising to 58% in 2026. North America to lead gross bookings with $543.8 billion in 2024, reaching $568.5 billion in 2025. UK to overtake France in gross bookings by 2025. Travelers show higher confidence in booking accommodations than transportation for the next 12 months. European leisure travel to stay robust, with many planning international trips.

2 min

Trafalgar St. James unveils Rockwell Bistro & Wine Bar: The first stage in the hotel’s £6m refurbishment

🏠 Trafalgar St. James, a 5-star lifestyle hotel in central London, reveals its luxury refurbishment's first stage with the new Rockwell Bistro & Wine Bar and a redesigned lobby. The £6m renovation includes six new suites set to be unveiled in February 2025, adding to the hotel’s current 131 rooms. Rockwell offers a day-to-night experience with specialty coffee, all-day deli-style dishes, and a curated wine list. Design LSM crafted the contemporary interiors. Federico Ciampi, London Cluster General Manager, anticipates the suites elevating the hotel's status.

4 min

Tripadvisor Shares Top 2025 Travel Destinations

🏖️ Tripadvisor announced the 2025 Travelers’ Choice Awards, with London topping the Top Destinations in the World and the 25th Anniversary Destinations list. New York City leads Top Destinations in the United States, with Osaka, Japan as the Trending Destination for 2025. Solo Travel Destinations are a new category, with Seoul, South Korea at the forefront. Top Food Destinations list is headed by Rome, Italy, and Bali, Indonesia ranks first in Culture Destinations. The Honeymoon Destinations list features Mauritius as the leading spot.

2 min

Kasa opens new hotel in San Deigo’s Little Italy

🏠 Kasa opens its second property in downtown San Diego's Little Italy neighborhood, offering accommodations with fully equipped kitchens, in-unit laundry, and smart home technology. Guests can select from five room types, including studios and one- and two-bedroom apartments, with some providing bay views. Amenities feature fitness centers, yoga and Pilates studios, a sauna, a massage room, and an upcoming outdoor pool. CEO Roman Pedan emphasizes unique developments and exceptional stays with unmatched amenities. Kasa expanded to New Orleans in late 2024, renovating the historic 1916 Lafayette Hotel into The Lafayette New Orleans by Kasa. The company currently operates over 85 properties across the U.S.

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