Market Trends

🏨 Hospitality ON released a map of new hotels worldwide opened in the last 10 days, highlighting hotels by groups, chains, and networks. The color-coded key includes yellow for hotels opened this week, blue for announced openings, green for rebrandings and reopenings, and orange for newly signed projects. The map features locations, photos, and essential details of these hospitality developments.

🏠 Colodge opened a new coliving space in Lyon's Vaise district, previously an artist's studio, renovated to accommodate 12 residents with 11 bedrooms and a private studio. HIFE Issy-les-Moulineaux, The Boost Society's third HIFE brand residence, spans nine stories with 7,000 sqm of accommodation and 800 sqm of shared spaces. The €300 million investment by Extendam, Keys REIM, and Stone Capital in Outsite indicates coliving's profitability and growth potential, with developments expanding across Europe.

🏡 Bob W signed leases for three properties in central Munich, adding 198 units and 3,948 sq m to its German portfolio. On 8th January 2025, the tech-powered hospitality operator expanded in the DACH region by converting two hotels and an aparthotel into Bob W locations. The new additions bring Bob W's total in Germany to 15 buildings. The properties, operating under digital front desk and self-service check-in systems, are advised by Miles Knoll of BNP Paribas and Prof. Dr. Clemens Engelhardt of Trustberg. Bob W, operational in 18 cities across 10 countries, continues to grow with over €70 million in funding and over 4,000 units in its portfolio.

🏨 Understanding the five levels of economic value: commodity, Goods, Deliver, Experience, and Transformation, helps hoteliers enhance guest satisfaction and improve revenue. Applied to the hotel industry, these levels range from offering basic accommodations at competitive prices for budget travelers to providing transformative experiences for those seeking personal growth. With each level comes a different target audience, services offered, and pricing strategy. The model suggests hotels maximize revenue within their current level rather than attempting costly repositioning.

🍴 Schulte Hospitality Group partners with 34th Floor Hospitality to improve food and beverage offerings at over 200 properties. The deal transforms 34th Floor into Schulte's wholly owned subsidiary, with co-founders Olivier Zardoni and Alex Taylor leading restaurant operations. Schulte's portfolio includes major brands like Hilton, Marriott, Hyatt, and IHG. The partnership focuses on innovative dining concepts and enhanced guest experiences. Zardoni's 30 years and Taylor's experience with a $2.4 billion program bring valuable expertise. Schulte founded in 1999, commits to operational excellence.

🏖 Casa Loma Beach Hotel in Laguna Beach, California, underwent a $15 million transformation by Marc & Rose Hospitality, involving firms Electric Bowery, LAND, and ORCA. The renovated hotel features immersive art, like a lobby mural and hand-painted canvas tapestries, vintage lobby sound system, and European seaside food and beverage program with Madre agave spirits and tapas-style bites. Soundscapes are curated by Uncanned, enhancing the multisensory experience.

🏨 Key facts about starting a hotel business include planning, building guest loyalty, and staying competitive. The article lacks specific dates, locations, and statistical data, but was last updated on January 12, 2025. Written by Akanksha Mohapatra, it aims to guide entrepreneurs through the process of opening a hotel.

🎧 Listening bars, first emerging in Japan during the 1920s, have become a global trend. Kioku Bar in London's OWO hotel, designed by Pirajean Lees, offers a bespoke wood turntable for guests to play Japanese records. Bar Ton in Bucharest, created by Anda Zota and Muromuro Studio, merges historical architecture with modern design, featuring marble mosaic floors and a central DJ booth. In Sydney, the JAM Record Bar by Akin Atelier aims to mimic the interior of a pink speaker box and holds a library of 15,000 records. Brooklyn's Upstairs lounge, part of Public Records, is shaped for acoustic excellence. Goodbye Horses in London, by Leopold Banchini Architects, is crafted from a single oak tree, while Anima in Berlin is designed by Grzywinski+Pons with a focus on music lovers. Space Talk in London, by EBBA Architects and Charlotte Taylor, offers an eclectic interior with distinct sound and light zones.

📈 The US economy added 256,000 jobs in December, unemployment rate fell to 4.1%. Leisure and hospitality sector grew by 43,000 positions in December, with an average of 24,000 jobs added monthly in 2024, versus 47,000 in 2023. Eating and drinking places added 29,800 jobs in December, up from 23,200 in November. Overall, 172,500 net new jobs were created in 2024 at these establishments, down from 309,000 in 2023. The industry is now 1.4% above its February 2020 peak. Full-service remains 4% lower, while quick-service and fast-casual are 4% higher, and snack/beverage concepts 17% higher than pre-pandemic levels. Twenty-four states and DC have fewer jobs than in November 2019, while 26 states are above pre-pandemic employment. Average hourly earnings' growth slowed, with year-over-year wage growth at 3.8%, the lowest since May 2021.