Market Trends

🏷 The Plume chair, characterized by its feather-inspired lightness, features a solid ash wood structure, padded plywood seat, and foam backrest with concealed screws by Pau Ferro plaques. Elegance is enhanced by piping and zipper closure. Details at giorgetti.eu.

🖨 Maxalto's Artemone, designed by Antonio Citterio, revitalizes the traditional kitchen dresser with a contemporary twist. Featuring customizable doors and drawers plus painted handles, the Artemone combines a die-cast aluminium base with a shadow gap for a sleek look. It offers a variety of finishes and fits both residential and commercial settings.

🏖️ Dedon's Leaf collection, designed to mimic natural leaf contours, features java and seagrass-hued beach chairs with breathable foam cushions, cotton overlays, and stable four-point support. The collection has earned prestigious awards for its blend of natural aesthetics and innovative design. Dedon celebrates the harmony of nature's design and modern craftsmanship on their website.

🏡 Maxalto's Artemone, crafted by Antonio Citterio, revitalizes the traditional kitchen dresser with a contemporary twist. It features customizable storage with various doors and drawers highlighted by painted handles. The design boasts a die-cast aluminium base and a shadow gap enhancing the furniture's light appearance. Artemone is offered in multiple finishes to make a bold statement in both residential and commercial settings. Visit maxalto.com for more details.

🚒 The Dedon Kida Armchair, a luxurious outdoor furniture piece, features a nature-inspired design with an artisanal touch. This armchair integrates comfort with a modern aesthetic through its intricate weaving technique, using natural fibers to create a tranquil oasis for relaxation. For more details on this blend of luxury and nature, visit [dedon.de](https://dedon.de/).

🏗 In Scottsdale, Arizona, The Phoenician, a Luxury Collection Resort, completed its Phase Two renovation of meeting and event spaces, following Phase One in 2023. Directed by Parker-Torres Design, the refurbishment includes The Phoenician Grand Ballroom, The Estrella Ballroom, and upper-level rooms, featuring modernized carpeting, wall treatments, draperies, lighting, and advanced LED and DMX systems. The resort offers over 160,000 square feet of event space, complemented with amenities like three pools, an 18-hole golf course, Athletic Club, spa, and eight dining options.

🏨 The initial term of Hotel Management Agreements (HMAs) in the Asia Pacific has risen to an average of 17.4 years in 2023, up by four years since 2005, per a JLL survey. The survey, which included 145 contracts signed between 2018 and 2023, noted the Maldives and Japan have longer HMA durations of 26 and 23 years respectively, while Australia averages 15 years. Management fees have dropped to an average of 1.6% of revenue, with incentive fees tied to performance. Sales and marketing fees are now often 3% or more. Around 90% of contracts now include performance termination provisions.

🏨 RoomRaccoon, a hotel management software provider, released the "Europe Booking Channel Trends Report for 2024," analyzing over 3.9 million reservations across Europe. UK independent hotels saw a 60% market share in direct bookings, a rise from 48%. Data was collected from over 2,000 RoomRaccoon users, comparing June 2022-May 2023 to June 2023-May 2024. Metasearch channels, particularly through Google Hotels, now rank fifth in Europe and fourth in the UK for hotel bookings. RoomRaccoon urges hotels to invest in direct booking channels to mitigate OTA commissions. Direct, Booking.com, Expedia, Google Hotel Ads, and Airbnb are the top five booking channels in the UK.

✈️ The International Air Transport Association (IATA) noted a 7.2% increase in air passenger demand in Europe for July. On September 3, 2024, this rise was reported despite falling short of the global average of 8%. European airlines saw a 7% boost in available seat kilometers (ASKs), compared to a 7.4% global average rise. International flight demand in Europe grew by 8.3%, against an 8.1% capacity expansion. The CrowdStrike IT incident in mid-July, causing numerous flight cancellations, didn’t dampen the month’s demand.