Market Trends

🏨 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.

📖 Saladplate, part of Informa Markets, serves as the official content and engagement hub for the Hospitality, Food and Beverage industries, offering weekly news updates, a monthly newsletter, and a bi-monthly e-magazine. It provides exclusive insights into over 10,000 brands and companies, alongside updates from over 35 international trade events.

💪 Since 2020, health & wellness has been the leading mega-trend, fueled by the COVID-19 pandemic, which shifted focus to immunity and mental wellness. Continuous tracking of this trend is crucial for addressing consumer behavior and demands.

🥃 Indian whiskeys, often called "rum whiskeys," are blended malts made with molasses and can mature within a year due to India's hot weather, contrasting with Scotch and Irish whiskeys' three-year maturation. This rapid aging process and the common practice of selling Indian brands with low-age or no-age statements have impacted their reputation among whiskey enthusiasts.

🍜 Since 2018, plant-based dairy and meat alternatives have gained traction in the Asia-Pacific region. The global meat supply chain disruptions and increased concerns of disease transmission via meat during COVID-19 in 2020 further accelerated this growth, leading to more consumers trying plant-based meat alternatives.

🏨 In a January 9, 2025 episode, Ben Rafter, CEO of Springboard Hospitality, discusses his transition from the tech industry to hospitality, blending technology with a guest-centric approach. Insights include lessons from the 2008 financial crisis and the importance of data, personal development, and AI in hospitality. 🎧 Listen to transform these innovative ideas into action.

🎡 In January 2025, Louis Vuitton and Takashi Murakami unveiled a pop-up store in New York City's SoHo at 104 Prince Street. The shop, inspired by Tokyo's capsule hotels, features color-blocked rooms with rounded furniture to celebrate their collaboration's new phase. Original and updated Louis Vuitton x Murakami bags and accessories are displayed in monochrome spaces, complemented by a café and a cinema showcasing two Murakami animated films from the original collection launch. The New York event is among multiple planned global celebrations, with the largest pop-up occurring in Tokyo.

🏨 STAAH, a leading technology firm, analyzed hotel reservations across 500+ integrations worldwide to determine top booking channels. Key findings include the dominance of OTAs such as Booking.com, Expedia, Agoda, and regional players like GoMMT, Traveloka, Tiket.com, and Pitchup.com. Trip.com and Hotelbeds also showed gains. Direct bookings through STAAH SwiftBook ranked high in New Zealand (2nd), India (4th), and the UK. B2B OTAs and STAAH GDS show strong growth, indicating a diverse, multichannel approach is effective in reaching niche markets.