Market Trends

🍳 In the first quarter of 2026, Britain's leading contract caterers achieved a 10.5% sales growth compared to the same period in 2025. This growth, reported by the Contract Catering Tracker from NIQ, CGA intelligence, Bidfood, and UKHospitality, surpasses the national inflation rate by more than three times. The growth follows a strong year in 2025, continuing positive momentum into the new year.

🌴 Luxury hospitality in Greece is evolving into boutique wellness retreats by focusing on authenticity, design, and emotional connection rather than excess. These new hotels feature Mediterranean architecture with natural stone, warm woods, and indoor-outdoor living, creating immersive experiences. Emphasizing sustainability and wellness, Greece is poised to lead this global shift toward meaningful travel experiences that prioritize atmosphere and intentionality over mere luxury. The future belongs to hospitality brands that embrace this experiential living trend.

📈 May 2026, U.S.—Travel remains a priority for Americans, despite economic pressures. PwC data reveals that people plan summer trips, with younger travelers driving demand. Hotels retain major travel spend, though guests opt for shorter stays and budget-friendly options. AI tools influence travel bookings, with implications for hotel visibility. The 2026 FIFA World Cup sees mixed booking expectations, affecting hotel pricing strategies. Major brands anticipate event-driven RevPAR growth, particularly in U.S. gateway cities.

🛫 May 19, 2026: European airlines slash prices on summer routes amid concerns over jet fuel shortages due to the prolonged closure of the Strait of Hormuz. This has led to delayed bookings and increased domestic travel interest. Airlines like EasyJet and British Airways offer discounts and price guarantees to stimulate demand and restore traveler confidence. Despite potential supply constraints, most summer flights are expected to operate, though with reduced capacity and increased economic caution.

🏡 Mandarin Oriental plans to launch 35 ultra-luxury residences within Abu Dhabi's Emirates Palace by 2029. The project, developed by Emirates Palace Company and LEAD Development, will offer bespoke residential services and amenities like a private lounge, beach club, and golf simulator. Positioned on Abu Dhabi's coastline, the design draws from local heritage. This venture strengthens Abu Dhabi's real estate market and reinforces its status as a hub of urban innovation.

📅 May 18, 2026, PwC's survey on US consumer summer spending reveals 71% plan to spend as much or more on travel compared to last year, with Memorial Day trips averaging nearly $900. Gen Z and millennials are key drivers of this trend, often taking multiple trips. AI-driven booking is reshaping travel discovery, emphasizing hotels' need for digital visibility. Despite economic caution, leisure travel remains strong, focusing on experience-led offerings and value perception.

🛰 On May 15, 2026, research from the University of Toronto reveals a 42% year-over-year decline in Canadian travel to U.S. metro areas. Leisure spots like Orlando and Miami, and business hubs such as San Francisco and New York, faced drops over 50%. The U.S. Travel Association warns this could cost the U.S. economy over $2.1 billion USD. Las Vegas saw Canadian visitor numbers fall, while Mexican arrivals nearly equaled them. This shift may indicate a structural change due to political and economic factors.