Market Trends - 10 Minutes News for Hoteliers - Page 117

2 min

The restaurant industry workforce shrunk in January

📈 The U.S. Bureau of Labor Statistics reported a decrease of 15,700 restaurant industry jobs in January, contrasting with a 143,000 job increase in the overall workforce. The unemployment rate dropped to 4% from December's 4.1%. December's revised figures show 307,000 jobs added, with 23,200 in eating and drinking places. In the second half of 2024, 148,000 restaurant jobs were added, 72,000 above the pre-pandemic peak. Full-service restaurants are still 4.1% below early 2020 levels. Recruitment and retention challenge 77% of restaurant operators. The National Restaurant Association forecasts 200,000 job additions in 2025, expecting the industry's workforce to reach 15.9 million and 17.4 million by 2035.

1 min

From Taylor Swift to “Set Jetting”: The Power of Cultural Trends in Hospitality – Leigh Silkunas

📅 Leigh Silkunas, CEO of 1AX Consulting, discusses the importance of hotels being culturally relevant. Silkunas highlights the benefits of tapping into trends and aligning with cultural events, using examples like Taylor Swift's tour and 'set jetting.' The podcast episode aims to provide actionable insights for businesses in hospitality to stay top-of-mind. The episode was aired on February 7, 2025.

6 min

The restaurant industry is projected to reach $1.5 trillion in sales this year

🍴 In 2024, the restaurant industry exceeded $1 trillion in sales for the first time, with a forecast of $1.5 trillion in 2025 according to the National Restaurant Association. Menu prices peaked at a 9% increase in March 2023 but are now 3.6% higher year-over-year. Approximately 80% of consumers express more frequent restaurant use if affordable, with 81% for table service and 76% for quick-service. About 29% of operators plan to open new locations in 2025, with limited-service more likely at 35% compared to full-service at 22%. Employment is projected to rise by over 200,000 jobs, reaching nearly 16 million by the year’s end. The trends for 2025 include value, loyalty, experience, and technology, with 95% of operators noting increased customer value-consciousness and 65% investing in digital marketing.

5 min

Interview with biophilic designer, Oliver Heath

🌳 Oliver Heath collaborated with Forest Holidays, applying biophilic design at Glentress Forest to enhance the guest experience through a connection to nature. The Unfurl Collection features natural materials and layouts to promote well-being. Biophilic design, reflecting a location's ecological identity, aligns with the wellness trend in hospitality, a $651 billion market. This project, unique for its reflection of local ecology and B-Corp alignment, offers luxury hospitality insights on creating immersive nature-connected experiences.

1 min

Why Saying Yes Opens Career Doors in Hospitality – Leigh Silkunas

📌 Leigh Silkunas, Founder and CEO of 1AX Consulting, was featured on the Hospitality Daily Podcast on Feb. 6, 2025. In the episode, she recounted her hospitality journey, from her early passion to her shift from revenue management to digital marketing. Silkunas highlighted the importance of mentorship, career development, and adapting to change. Her firm has supported over 500 hotels in enhancing their digital presence. The podcast episode offers insights for hospitality professionals looking to improve their skills and business approaches.

3 min

Mademoiselle Conciergerie Double Revenue in 2024 by Boosting Direct Bookings

🏡 Mademoiselle Conciergerie doubled its portfolio value in 2024 by leveraging the eviivo property management system. Annual revenues soared from €470,000 in 2023 to over €1.2 million in 2024, with nearly 2,000 reservations. Direct bookings hit 40%, thanks to eviivo's financial insights. The company, founded in 2022, manages 25 luxury villas across a 250 km region in Languedoc-Roussillon, France. Co-founders Laetitia Denux and Erwann Deverdun offer bespoke stays, including services like private chefs and activities.

3 min

Signing Announcement: DoubleTree by Hilton Belfast City Ten Square

🏦 Hilton (NYSE: HLT) announced the franchise agreement with Loughview Leisure Group for DoubleTree by Hilton Belfast City Ten Square. The hotel will undergo a multimillion refurbishment before opening later this year. Situated in Belfast's Linen Quarter, it's 11 minutes from George Best Belfast City Airport and 30 from Belfast International Airport. The property features 131 rooms and suites, several dining options including The Linen Bar, The Doffer, Jospers Steakhouse, and The Loft Lounge rooftop bar. Belfast houses over 1,000 international companies and saw £672 million from overseas tourism in 2023. This expansion follows other Hilton signings in Northern Ireland. Hilton Honors members get direct booking benefits.

4 min

A New Initiative To Support The Next Generation of Chefs Has Been Launched

🍴 Goodfellow & Goodfellow and TRUEfoods launched the Plated competition for UK chefs aged 30 or under, featuring a £10K prize and Michelin-starred judges like Jason Atherton. Submissions are due by March 10th, with a live final on April 26th at TRUEfoods Development Kitchen in Ripon, North Yorkshire. The winner receives £7,500, a trip to Costa Nova in Portugal, a Michelin-starred dining experience, a feature in Portfolio, and a Trophy Plate. Chefs can enter up to three times, with three images or videos each.

1 min

The Rise of Bleisure Travel: A New Era for Hospitality

📱 The article titled "The Rise of Bleisure Travel: A New Era for Hospitality" focuses on the trend of bleisure travel, which blends business amenities with leisure perks. It suggests that hospitality businesses cater to this trend to enhance guest experiences and increase revenue. The article's metadata indicates a publication date of February 5, 2025, and is associated with Hotelogix, as evident from the various tags and links within the HTML code. The author mentioned is Vanshikha Dhar. The content is intended to provide tips and trends in the hospitality industry, specifically addressing the burgeoning bleisure travel market.

Olo Partners with FreedomPay, Expands In-Store Capabilities of Olo Pay

💸 Bob W, in partnership with environmental consultancy Furthr, developed a tool, ‘LEGIT’, to provide detailed environmental impact metrics, revealing hotel carbon emissions are at least five times higher than previously estimated. The HCMI standard, used by over 30,000 operators, including Hyatt and Marriott, is now deemed less comprehensive. LEGIT factors in additional impacts like construction materials and food waste. Bob W’s Koti Katajanokka in Finland saw emissions per night leap from 1.48 kgCO₂e to 19.7 kgCO₂e with the new tool. Bob W's portfolio carbon footprint for 2023 is reported at 4,489 tCO₂e, a 90% increase from 2022, paralleling a 200% portfolio growth. Bob W, a climate-neutral hospitality provider since 2021, aims for net-zero by 2050 and calls for industry-wide transparency and sustainability strategy improvement.

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