TOP NEWS - 10 Minutes News for Hoteliers - Page 47

2 min

Europe’s tourism boom tests the limits

🌏 June 30, 2025: Europe faces record summer tourism fueled by over 7.7 million Americans visiting January-May, with a 45% summer booking increase despite no major events. The influx, partly due to Middle East instability, drives hotel prices up by 20-25%. Locals protest overtourism in cities like Venice and Barcelona. European intra-travel rises by 22 million trips. Hotel chains like Marriott expand into new areas. Protests highlight overtourism's impact on housing and infrastructure.

2 min

L.A.’s $30 minimum wage sparks hotel industry backlash

🏨 Jun 30, 2025 - In Los Angeles, a $30 minimum wage for hotel workers is set by 2028, impacting hotels with over 60 rooms. Hotel owners oppose the ordinance, warning of service cuts and stalled renovations. RevPAR remains 15% below pre-pandemic levels. Labor costs per occupied room have increased to $250/month—a 36% rise since 2019. Major upcoming events, including the World Cup and Olympics, are unlikely to offset higher wage costs.

1 min

Generational spending patterns reveal strategic insights for travel brands

🌎 Phocuswright is conducting a quarterly online survey throughout 2025 of U.S. adults with internet access engaged in leisure travel. This research provides insights into American travelers' evolving preferences, behaviors, and attitudes. The current quarter focuses on payments, in-destination spending, and transportation preferences by age group. Phocuswright's Open Access subscription offers company-wide access to their extensive library of expert analysis and data tools to help spot trends and make informed decisions.

2 min

U.S. car rental: Cooling off or resetting the ride?

🚗 U.S. Car Rental Market Brief 2025 by Phocuswright provides an in-depth analysis, sizing, and projections of the U.S. travel market and its five key segments: airline, hotel & lodging, car rental, cruise, and packaged travel. Part of the U.S. Travel Market Report 2025 series, it includes publications like U.S. Airline Market Essentials 2025, and U.S. Travel Market Data Sheet 2023-2027. Designed for unlimited team access, it delivers vital insights for industry leadership.

2 min

Europe vs. Booking.com: The $billion reckoning

💸 Dutch and Belgian consumer groups filed lawsuits against Booking.com on June 27, 2025, accusing it of anti-competitive practices since 2013 in Europe. These practices include misleading users with "dark patterns" and fixing prices, now banned in the EU. Booking.com previously faced a €530M fine from Spain and a €413M antitrust penalty. Hotels reportedly overpaid billions in commissions. Hotel associations from 25+ European countries join the legal fight, seeking pricing autonomy and damages.

4 min

The impact of reverse yielding in revenue management | Duetto

💸 Las Vegas, April 2025: Hotels set room rates 45 days in advance, only to drop them sharply by the day of the stay, showcasing "reverse yielding." Average booking window is 45 days for transient guests. Factors like competitive pressure, forecasting mistrust, event hype (e.g., Las Vegas F1), and leadership misalignment drive this trend. Solutions include empowering revenue leaders and trusting reliable RMS. These strategies promote proactive, not reactive, revenue management.

2 min

FREAK SCENE PARTNERS WITH THE EVOLV COLLECTION FOR POP-UP ACTIVATION IN 100 WARDOUR STREET

🍴 Martin Williams, CEO of Evolv Collection, collaborates with Freak Scene for a pop-up residency at 100 Wardour Street, Soho from July to November. This partnership, starting July 22, marks Williams' strategic move to modernize and diversify the brand. Scott Hallsworth, known for his pan-Asian cuisine, brings his culinary expertise back to Soho, blending Japanese izakaya culture with Australian influences. The partnership aims to broaden the company's demographic appeal and innovate its offerings.

How AI is rewriting the hotel booking journey

📚 Jun 26, 2025: The Boston Consulting Group discusses how AI reshapes travel planning. Hotels must adapt to conversational agents like ChatGPT, deviating from traditional OTAs. Key strategies include optimizing online presence with structured data and integrating AI features on social media like Instagram and TikTok. 60% of travelers desire smooth transitions from AI to human support. Leading platforms, such as Booking.com, are investing in AI booking assistants, urging independent hotels to consider similar tools to remain competitive.

4 min

From Roadside to Remarkable: Motels Have Become Hospitality’s Quiet Tech Leaders

🏨 In 2024, OYO acquired Motel 6 for $525 million, and Wyndham modernized Super 8, propelling motels as tech leaders. By 2031, the motel software market is projected to grow from $374 million in 2020 to $959 million, with a 9.44% CAGR. Motels excel with digital upgrades, offering features like smart TVs and contactless check-in, aiming to match boutique hotel experiences. They utilize analytics for dynamic pricing and resource optimization, enhancing both efficiency and guest satisfaction.

13 min

The CMO’s comeback: Aligning the C-suite to drive customer-centric growth

📈 CEOs, CMOs, and CFOs must align to reignite growth. Fortune 100 executive teams grew by 50% from 2020-2022, but single customer-focused executives see 2.3x more growth than fragmented roles. Marketing budgets fell to 7.7% of revenue, down from 9.1%. Only 66% of Fortune 500 companies have CMOs, marking a drop since 2023. To drive growth, companies should empower CMOs as strategic leaders and enhance marketing-CFO collaboration for effective measurement systems.

Input your search keywords and press Enter.