Market Trends

🏨 Azora and the Ioannou family have partnered to develop Donkey Hotels in Greece, with the Ioannou family retaining 49.9% ownership. Donkey Hotels operates five luxury hotels, including four in Athens and one in Santorini. The partnership aims to upgrade properties and acquire new ones, driven by Greece’s booming tourism market, projected to be a top-five hotel investment destination in Europe by 2025. Azora has invested over 4.1 billion euros in hotels, managing 14,500 rooms globally.

🏨 Hospitality job postings for summer staff have decreased by 25% according to the Recruitment and Employment Confederation (REC).

🏨 Dallas leads the U.S. hotel construction pipeline at Q2 2025, with 199 projects and 24,497 rooms, followed by Atlanta, Nashville, Austin, and Phoenix. Austin showed a 10% YOY project growth. U.S. totaled 1,956 renovation projects (259,495 rooms). In the first half of 2025, 329 hotels (39,628 rooms) opened, with 406 more expected by year-end. Forecasts for 2026 and 2027 highlight Phoenix and Dallas as leaders with 27 and 35 new hotels, respectively.

📝 On May 13, 2025, in Garmisch-Partenkirchen, Bavaria, the BZT Annual Conference united tourism professionals. Georg Thanner of TrustYou delivered a keynote on redefining quality using review data. He emphasized the variability of quality perceptions and the importance of personal connections in service. TrustYou's analysis helps businesses with tailored service adjustments and strategic decisions. Real-world applications included monitoring hotel performance and influencing regional awards, highlighting the value of feedback in tourism quality management.

🏨 London Rock Partners, launched post-pandemic, revitalized underperforming boutique venues. They transformed The Winchester Royal Hotel, boosting guest satisfaction from 3.8 to 4.3 in under a year by reimagining brand identity and empowering staff. Their approach includes a fair wage and autonomy, high team diversity, and renovation blending heritage with modern updates, like "The Old Silk Mill" event space. Strategic local engagement and branding initiatives increased bookings, achieving unprecedented food and beverage revenues.

🛫 Gen Z and Millennials are reshaping the travel industry. By 2040, leisure travel is projected to grow from $5 trillion in 2024 to $15 trillion. A recent survey from Arrivia highlights that only 18% of travelers used loyalty programs for their last trip, despite 55% of Gen Z and 42% of Zillennials planning more travel this year. Notably, 55% of respondents seek better prices, while 45% of Gen Z desire more destination options.

📈 June 2025 saw entry-level hotels in France bounce back, with RevPAR up 5.4% for low-cost and 8.3% for budget segments, following a decrease the previous month. Midscale and upscale hotels reported RevPAR increases of 13.5% and 20.2%, respectively. Upscale hotels improved occupancy rates by 5.4 points and average daily rates by 12.6%, buoyed by international visitors, mainly from Asia. Regions like Auvergne-Rhône-Alpes experienced declines in visitor numbers due to train disruptions and extreme weather.

📅 2025, global hotel industry. Key emerging trends include optimizing websites for voice search and mobile devices, increasing focus on sustainability, and accommodating same-day reservations. These adjustments are crucial for maintaining competitiveness.