Market Trends - 10 Minutes News for Hoteliers - Page 82

2 min

NUMA Group reports strong growth and expands across Europe

💰 NUMA Group reported a 100% revenue increase to €80 million and €50 million in gross operating profit in 2024. The company operates in 15 countries, 36 European cities, and surpassed one million nights served. NUMA Bloom opened in London and acquired Native Places, adding over 800 units across the UK. Expansions also occurred in Southern Europe and the Nordic region. Key partnerships include Amundi Immobilier and developers Ratisbona Iberia and Deka Immobilien. NUMA's AI platform automates 65% of guest communication, cuts operational workloads by 70%, and boosts service response by 90%. Entering 2025, NUMA has an equity ratio over 60% and assets over €2.5 billion.

2 min

Do carnivals boost European hotel performance?

🎭 Venice Carnival sees an 18% RevPAR increase in February, driven by a 16.8% rise in average daily rate and a slight 0.5 point occupancy rate increase. The theme for the year was ‘In the time of Casanova,’ supported by an international campaign. Despite overtourism, Venice didn't impose the entry tax during the carnival. Santa Cruz de Tenerife's Carnival, the second largest globally, drew one million participants in 2024, but current year figures may not reach this record due to falling hotel occupancy rates.

2 min

Sports tourism is transforming how we travel

🏀 Sports tourism, representing 10% of global tourism spending, is projected to hit $1.3 trillion in 2023. Expedia's research included 2,000 respondents from eight countries who traveled for sports in the last year. The majority attended events with friends (35%), partners (34%), or family (33%). Among 16–34-year-olds, 24% went to mixed-gender events, and 12% to women's sports. Internationally, 44% traveled for events, with Canadians (62%), Germans (58%), and the French (57%) leading. Average spending was over $1,500 per trip, with future plans to spend over $1,200.

2 min

ATPI’s Asian expansion strengthens global…

🛫 ATPI, a travel and events solutions provider, is expanding across Asia, with the regional corporate travel market projected to increase from $737.1 billion in 2024 to $848.16 billion by 2025. The Manchester-headquartered company is enhancing its presence in China, Taiwan, South Korea, and opening new offices in India and Balikpapan, Indonesia. ATPI's expansion aims to meet the demands of Asia's rapidly growing economic sectors, including technology, AI, electric vehicles, and renewable energy. With a focus on tech-driven, custom travel solutions, ATPI also caters to specific industries like marine, energy, and event management.

2 min

India expands its presence at 2025 Arabian…

🌍 India's tourism industry is booming, with a focus on its market at the Arabian Travel Market (ATM) from 28 April to 1 May in Dubai. India's outbound tourism is expected to hit US$55 billion by 2034, growing at a CAGR of 11.4%. Dubai saw 3.14 million South Asian visitors last year, with India being significant. Indian hotel supply grew at over 3% CAGR in the last decade, adding 114,000 rooms since 2014. ATM 2023 will see a 41% increase in Indian participation, expecting over 47,000 attendees and 2,600 exhibitors.

Worldwide travel demand to U.S. cooling off

🗺 International visits to the U.S. decreased by 11.6% in March 2025 compared to the previous year. Western Europe's visits dropped 17.2%, with Germany down 28.2%. Asia's travel to the U.S. fell by only 3.4%, while Eastern Europe's increased by 1.5%. U.S.-Europe advance bookings saw a 12.6% decline. However, the U.K. bookings rose by 1.6% in March, showing signs of recovery. This trend may be linked to the Trump administration's policies.

Slower skies ahead for OTAs

📈 On Apr 9, 2025, Morningstar slashed 2025 revenue growth forecasts for Booking Holdings (from 8% to 3.5%), Airbnb (from 10% to 5%), Expedia (from 6% to 3%), and Tripadvisor (from 6% to 4%), attributing the revision to economic challenges including Trump's tariffs and a dip in U.S. consumer sentiment. Despite travel's tendency to surpass GDP growth, the sector isn't immune to economic slowdowns. More details at Morningstar.

European hotel performance splits as travel trends remain unsteady

🏨 Apr 9, 2025, at the International Hospitality Investment Forum EMEA in Europe, hotel industry experts reported that hotel demand has exceeded 2019 levels for 24 consecutive months. Occupancy rates increased by 2%, ADR (Average Daily Rate) by 3%, thereby raising RevPAR (Revenue Per Available Room) across major cities. Southern Europe led with a 50–60% ADR rise over 2019 figures, while economy/midscale hotel classes dominated in 2023; by 2024, luxury led with a 1.5% growth in supply. RevPAR growth is primarily driven by ADR, correlating with 30–40% GOPPAR (Gross Operating Profit Per Available Room), although some countries report below €60. The U.S., in contrast, exhibited balanced growth across hotel classes.

What’s Wrong with Metasearch Today?

💸 Nearly half of U.S. travelers used metasearch for flight and hotel bookings in 2017, with metasearch engines surpassing traditional ads as a marketing channel. However, metasearch's share of travel traffic fell from 22% in 2017 to 17% by 2020. The CPC revenue model often leads to higher prices, as rankings are based on bids rather than the best rates. Over 3/4 of top metasearch channels' revenue comes from Booking and Expedia. Traditional metasearch fails to retain customers due to better rates available through OTAs' loyalty programs or apps. For metasearch to survive, it must evolve beyond price comparison, adopting a customer-centric approach with integrated OTA functionality and a cost-per-action model that incentivizes better deals for travelers.

1 min

From viral treat to culinary canvas: Dubai Chocolate is inspiring creative variations

🍫 In less than a year, Dubai Chocolate became a global dessert sensation, starting with a viral TikTok video by a Dubai-based creator. Named “Dessert of the Year” in a Hospitality Trends Report, it has inspired numerous variations across restaurants and pastry shops. A new trend, Dubai Strawberry Parfaits, layers fresh strawberries, pistachio cream, kataifi, and chocolate sauce. These desserts are now featured from brunch menus to evening offerings.

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