TOP NEWS

🌍 Solo travel constituted 30% of all 2024 bookings, while couples' travel led with 53%. Top destinations included New York, Miami, Orlando, Los Angeles, Las Vegas, with Europe and Asia, particularly Tokyo, as international hotspots. Gen Z's all-inclusive resort bookings surged, with a 60% increase in Hotels.com searches. JOMO travel's appeal grew, with 62% citing stress reduction, and Detour Destinations saw a rise in interest. Agents favor all-in-one booking platforms, with 18% emphasizing ease of use. AI and live chat transformed customer service, handling thousands of inquiries. Anticipating further growth in 2025, efficiency and technology are pivotal for travel agents' success.

🏠 Arabian Travel Market's 32nd edition will be held at Dubai World Trade Centre from 28 April-1 May 2025, focusing on innovation, connectivity, and customisation. The theme 'Global Travel: Developing Tomorrow’s Tourism Through Enhanced Connectivity' addresses technology's role in tourism. Nostalgia travel gains popularity, with an emphasis on 1990s and 2000s experiences. By 2032, sports tourism is projected to hit $1.33 trillion, and music tourism $13.8 billion. Saudi Arabia hosted 2.5 million tourists for sports events in four years. Asia-Pacific and Middle East travel is set to surpass pre-pandemic levels by 2026. IATA forecasts APAC’s middle class will drive 50% of global air passenger growth until 2043. Solo travel and digital nomadism are on the rise, with 42% of travel insurance clients planning solo trips in 2025. The ecotourism market is predicted to reach $429 billion by 2028. ATM 2025 will unite travel professionals for networking and business opportunities.

🌎 Lastminute.com's Travel Horizons Report identifies Europe's trending destinations as of Dec 12, 2024. Albania's coastline bookings skyrocket by 100% year over year, while Montenegro sees searches soar 98%, positioning it as a Mediterranean budget-friendly option. Istanbul, a well-established spot, maintains popularity in third place.

🏡 LVMH Group and Anaïs Ventures invested in Les Domaines de Fontenille, a French hospitality group. The minority investment will facilitate expansion and renovation of properties. Les Domaines de Fontenille, led by CEO Linda Hazi, aims to grow in France and internationally, with 11 existing properties across France, Spain, and Italy, and 10 opened in the last four years. Two more hotels are set to open: one in Brittany, France, in spring 2025, and another in Aix-en-Provence, France, in 2026. The group has recently become a Société à Mission, pledging to social and environmental impact. LVMH's investment reflects its interest in diversifying beyond its clothing and jewelry businesses.

🏠 Slovenia's hotel group taps into local pride with attractions like Lake Bled and a resident beekeeper for a unique breakfast experience. The Six Senses resort in Portugal offers DIY moisturizer workshops for guests. EU’s CSRD mandates ESG reporting for large companies from 2025, potentially expanding to smaller businesses. Research indicates 39% of consumers pay more for sustainability, with Gen Z holding $140 trillion in spending power, favoring sustainable experiences. The Ritz-Carlton in Grand Cayman, with Jean-Michel Cousteau, offers environmental education to guests and residents. Personalization in the hotel industry is crucial, evidenced by Ritz-Carlton's guest preference records. Technology enhances guest experiences with AI, mobile check-ins, and apps. Saudi Arabia's Vision 2030 aims to transform hospitality with luxury and sustainability, promising 5,000 hotel rooms in AlUla by 2035. Revenue management is key, such as a Malta hotel’s jump from €200 to €550 average rates through strategic pricing. Post-pandemic, luxury hotels may maintain high rates, while mid-level hotels could see pricing pressure.

🏨 Independent hoteliers in the U.S. are advised to prioritize automation, data analysis, and system connectivity in technology investments. Automation enhances operational efficiency and revenue management, leading to higher revenue per available room (RevPAR) and average daily rates than branded counterparts. Data analytics enable targeted marketing and informed decisions on pricing and inventory. Effective system connectivity ensures long-term scalability and strategic business planning without hindering future integrations.

📚 Dan Frommer shares a 107-slide presentation on the new consumer economy, including the success of TikTok Shop, the reality of Dry January, and Gen. Z's beauty brand loyalty. Data from a survey of over 3,000 US consumers, in collaboration with Coefficient Capital and Toluna, are highlighted. New Consumer memberships offer in-depth analysis via newsletters and podcasts, with free account signup or paid subscriptions at $200/year and $20/month.

📌 Eric Jafari, founder of AENDRE Group, left a stable real estate investment career to innovate in hospitality. Episode highlights: industry's innovation stifled by predictability, culture's role in risk-taking, disconnect between hotel investments and consumer demands, success of Locke hotel concept, evolving wellness in hospitality. Features discussion of Claus Sendlinger, Design Hotels, Future Labs, Independent Lodging Congress, SoulCycle, Barry's Bootcamp. Resources include a survey on industry challenges and opportunities. Music by Clay Bassford, Bespoke Sound. Episode date: Dec. 11, 2024.

🏨 UK hotel bookings for 21-25 December increased by 24% year-over-year, driven by a 10% annual rise in international bookings, now comprising 34% of total reservations. The average stay extended from 1.98 to 2.10 days, with booking lead time up by 6.5%. London hotels see an 18% boost in New Year’s reservations, with average stays lengthening to 2.66 days. SiteMinder's data collected on December 3, 2024, indicates a global trend towards travel for events, with 65% of travelers inclined to do so.

💰 Booking.com, a dominant review platform, updates its review scoring, aligning with ReviewPro's Global Review Index™ (GRI) which prioritizes recent guest feedback for more accurate property performance ratings. Majority of properties are expected to see higher scores soon due to this change emphasizing current reviews. Bruno Saragat notes the new system will likely prevent major fluctuations in scores, benefiting hotels that consistently enhance guest experiences. Details of Booking.com's new algorithm remain undisclosed, aiming to preserve authentic feedback and discourage system manipulation.