TOP NEWS - 10 Minutes News for Hoteliers - Page 117

7 min

Understanding MICE in Hospitality: Benefits, Challenges, and Trends

📌 The global MICE market, including Meetings, Incentives, Conferences, and Events, is set to reach $1.4 trillion by 2028. The Grand View Research report estimated this sector at $802.59 billion in 2023, growing at a 9.1% CAGR from 2024 to 2030. MICE events help hotels boost revenue, optimize space utilization, and foster corporate relationships. They also demand operational upgrades and strategic planning to meet client expectations for seamless service and unique experiences. Emerging MICE trends include hybrid events, sustainability, and personalization, shaping the industry's future. Technology, like Thynk Meetings & Events, is crucial for maximizing opportunities in this competitive and evolving market.

2 min

The Learning Culture That Drives Our Michelin-Level Excellence in Hospitality – Tim Harmon, Palisades Hospitality Group

🏥 Tim Harmon, founder and CEO of Palisades Hospitality Group, discusses building a culture of curiosity and creativity on Nov. 20, 2024. The episode highlights include a "learning board" concept, debriefing team travel experiences, and insights from Harmon's visits to New Zealand, Iceland, and Japan. Harmon emphasizes the impact of local culture on hospitality, the role of architecture in guest experiences, and the importance of trusting the team. The episode is supported by Sojern, which assists 10,000+ hotel companies and offers a research report titled "Unlocking Revenue: How Hoteliers Build Profitable Guest Relationships".

1 min

EnsembleIQ’s Hospitality Technology Announces 2024 Hotel Visionary Award Winners, Celebrates Innovation, Leadership, and Partnership in Hotel Tech

🏨 Hospitality Technology announced the 2024 Hotel Visionary Awards winners, recognizing hotel companies' innovative technology initiatives. The 20th annual awards celebrated categories like sustainability, guest experience, and sales & marketing. The event took place live at the Hotel Technology Forum at Terranea Resort in Rancho Palos Verdes, Calif. Orascom Hotels Management won for Guest Experience, while Hyatt Hotels Corporation took Guestroom Technology, and Mint House was recognized for Sustainability. Awards also highlighted partnerships, rising stars, and lifetime achievements, with sponsors including technology solutions leader Encora.

Avalara Unveils Intelligent Tax Content Solution for Lodging and Hospitality

📍 In the past three years, global Travel & Tourism businesses with climate targets have increased by 27%, reaching 53% out of 250 analyzed. Launched at COP29 in Baku, Azerbaijan, the WTTC's Net Zero Roadmap's second edition shows a jump from 42% in 2021. One-third of these businesses commit to Science-Based Targets initiative goals, with SBTi target adoption more than doubling since 2021. The roadmap, developed with Accenture, UNEP, and Azerbaijan's State Tourism Agency, seeks net zero by 2050 and introduces decarbonization frameworks. Travel & Tourism's carbon emissions dropped to 6.5% of global emissions in 2023 from 7.8% in 2019, indicating a 10.2% reduction in greenhouse gas intensity. Aviation, cruise, and accommodation industries saw carbon intensity reductions of 6% and 11%, respectively. Sustainable Aviation Fuel (SAF) is highlighted as key for aviation's decarbonization, with calls for increased adoption and support.

Report: Most Top Travel & Tourism Businesses Have Set Climate Targets

🌎 The WTTC launched its Net Zero Roadmap's second edition at COP29 in Baku, Azerbaijan, noting a 27% increase over three years in travel businesses setting climate targets—53% of 250 leading companies now have climate targets, up from 42% in 2021. One third are committed to Science-Based Targets initiative (SBTi) goals, with SBTi-aligned companies more than doubling since 2021. Travel & Tourism accounted for 6.5% of global emissions in 2023, down from 7.8% in 2019, and the aviation, cruise, and accommodation industries have seen a reduction in carbon intensity by 6% and 11% respectively since 2019. The updated roadmap emphasizes sector alignment, transparent reporting, and sustainable travel, with 75% of global travelers wanting more sustainable options.

Airbound Raises $1.7M to Expand Drone Delivery

🌍 The World Travel & Tourism Council (WTTC) launched its second Net Zero Roadmap at COP29 in Baku, Azerbaijan, noting a 27% increase over three years in Travel & Tourism businesses setting climate targets. Now, 53% of the analyzed 250 industry leaders have climate targets, up from 42% in 2021. One third of these companies are committed to Science-Based Targets initiative (SBTi) goals, doubling since 2021. The sector aims for net zero by 2050, with a 10.2% reduction in greenhouse gas intensity since 2019, including a 6% reduction in aviation's carbon intensity and an 11% reduction in the cruise and accommodation industries' carbon intensity from their peak in 2019. Sustainable Aviation Fuel (SAF) is highlighted as a key to aviation's decarbonisation.

3 min

Renaissance Hotels Launches ‘R FINDS’ Digital Marketplace

🏠 Renaissance Hotels, within Marriott Bonvoy’s portfolio, launched R FINDS, a global digital marketplace, on the 10th anniversary of Global Day of Discovery, November 19. The platform features 175+ products from local artisans and small businesses, representing over 175 Renaissance properties worldwide, and is curated with zero commission to support community businesses. Products include handcrafted goods, artisanal foods, decor, and apparel, with a honey kit featuring Edisto Gold Honey, Heaven's Honey, and Manoa Honey & Mead to be introduced in 2025. Global Day of Discovery events highlight the launch, with further exposure from Wallpaper magazine and guest editors like Sophia Roe. Visit www.R-Finds.com for neighborhood finds and www.renhotels.com for more about Renaissance Hotels.

2 min

Restaurant spending reaches new high compared to grocery shopping

📈 In October, the U.S. restaurant market share hit a record 56.4%, as reported by the U.S. Census Bureau. Year-over-year gains were approximately 40 basis points. Retail sales rose 0.4% month-over-month and 2.8% year-over-year, signaling strong consumer spending. Experts suggest a positive impact from return-to-office mandates on the restaurant industry, potentially boosting weekday sales. Restaurants with catering services anticipate opportunities during the upcoming holiday season. Overall food and beverage spending growth in January-October 2024 was slower compared to the past three years.

STUDY: 65% of Restaurants Adopted New Technology to Manage Labor

🌍 The World Travel & Tourism Council (WTTC) saw a 27% increase in global Travel & Tourism businesses setting climate targets in the past three years. Over half (53%) of the 250 leading businesses analyzed have set climate targets, up from 42% in 2021. One third are committed to Science-Based Targets initiative (SBTi) goals, and the number of companies adopting SBTi targets more than doubled since 2021. The updated Net Zero Roadmap, launched at COP29 in Baku, Azerbaijan, aims to guide the sector towards net zero by 2050. Notable reductions in carbon emissions were reported: Travel & Tourism's carbon footprint dropped to 6.5% of global emissions in 2023 from 7.8% in 2019, aviation reduced carbon intensity by 6%, and the cruise and accommodation sectors decreased by 11%. The roadmap encourages use of Sustainable Aviation Fuel (SAF) and stresses the importance of green financing for SMEs.

4 min

Atzaró Group’s exciting new trips for 2025 combine the cultural hub of Cape Town with the untamed wilderness of The Okavango Delta

🏕 Atzaró Group launched Atzaró Cape Town and Atzaró Okavango in 2024. The former, a luxury hotel in Cape Town, offers panoramic views and is near Table Mountain. The latter, a 30-minute helicopter flight from Maun Airport, provides a luxury safari experience in the Okavango Delta with its 12 suites, 2 villas, and amenities such as pools, star beds, and wi-fi. Conservation efforts include anti-poaching, habitat rejuvenation, and sustainable practices like solar power and water treatment. Guests are encouraged to stay 5+ days to indulge in wellness and nature.

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