TOP NEWS

🏨 Hotels are gradually shifting to direct digital bookings, projected to surpass OTAs with $409 billion in gross bookings by 2030, compared to $333 billion from OTAs. Guests now book 32 days in advance, with cancellations dropping below 20%. Over half would pay for flexible cancellation, with nearly 1 in 5 willing to pay $50+. Accor's 2023 subscription model offers up to 50% off at over 1,000 locations. Flexible booking, payment options, and loyalty programs are crucial for attracting and retaining guests.

📈 Venue operators in 2025 are embracing tech innovations to boost efficiency and revenue. Key strategies include using 3D maps for booking, AI for demand forecasting, CRM enhancements for personalized experiences, multi-experience booking, mobile tickets, automated pricing, and data-driven decisions. Increasing guest spend by $15 can yield $150,000 monthly, while a 15% boost in multi-experience bookings unlocks millions more. These systems enhance operations without extra marketing or complexity, ensuring a seamless guest experience.

🚀 The UK's traveltech sector surged with $1.6 billion raised since 2020, highlighted by a record $518 million in 2024, driven by AI innovations. Edinburgh and London are key hubs, with firms like Lighthouse raising $370 million and Unravel securing $7 million. Scotland hosts 100+ startups, with firms like Obvlo raising $2 million. Only 6% of European traveltech funding went to female-led startups from 2022-2025. The sector's GDP contribution rose to 10% ($252.4 billion) in 2023.

🌍 In 2025, Love to Explore reports a surge in experiential travel to destinations like Australia and the Maldives. Notably, 28% of trips booked are during shoulder seasons. Australia's tourism, fueled by events like the Ashes cricket tour, accounts for 15% of the company's revenue. Vietnam sees a 70% increase in Google searches, driven by its cultural appeal. Indian Ocean islands remain popular, with a focus on wellness and privacy, while Spain and Greece attract with cultural and authentic experiences.

📈 At Mews Unfold 2025, hoteliers discussed the shift from rooms to experiences, emphasizing moments over mere occupancy. With 70% of US travelers using AI for trip planning, the focus is on emotional intelligence and clean, actionable data. The industry moves from RevPAR to RevPAG, integrating local cultures, and prioritizes cybersecurity. Success is in connection, agility, and personalization. Attendees are urged to embrace change and technology to enhance guest experiences.

🍽 Bret Thorn, senior food & beverage editor at Nation's Restaurant News from 1999 to present, reports on U.S. F&B trends. He studied at Tufts University and Le Cordon Bleu, with past roles at The New York Sun and Oxford Encyclopedia. His podcast interviews culinary experts. Thorn, a Denver native, was inducted into the Disciples d'Escoffier in 2014. Notable awards include a 2006 Jesse H. Neal Award. Thorn resides in Brooklyn, N.Y.

📈 Hotels worldwide have heavily invested in BI tools but struggle with data-informed decision-making. Despite having advanced dashboards, many decisions remain gut-driven. A data-driven culture is crucial: teams should rely on data, not assumptions. Steps include leadership using data, setting clear goals, customizing dashboards for departments, and fostering data literacy. Success isn't about having most data but actionable insights that align teams and drive competitive advantage. Leadership commitment and a shared mindset are key.

💸 Independent hotels are leveraging technology for competitive advantages. Modern revenue management systems (RMS) are now accessible to independents, thanks to partnerships like Advance with Amadeus. These systems, awarded best RMS by HotelTechAwards four years in a row, allow dynamic pricing and real-time decisions. Independents benefit from no longer needing a dedicated revenue expert, enabling agile strategies and personalized guest experiences. This shift levels the playing field with larger hotel chains.

📖 May 19, 2025 - Kevin Kelleher, a former hotel leader and current account manager at Actabl, shares insights on hospitality growth. His episode discusses the "70% Rule," emphasizing that hospitality leaders accelerate growth by stepping beyond their comfort zones. This approach suggests that taking on challenges with a 70% confidence level promotes faster professional development. Listen to this insightful episode on the Hospitality Daily Podcast to explore how pushing boundaries can lead to success.

🍴 Carla Hall spoke at the National Restaurant Show, discussing her journey and strategies. Known for appearing on Bravo’s *Top Chef* at 44, she co-hosted ABC’s *The Chew* and authored four cookbooks. Her Brooklyn restaurant, Carla Hall’s Southern Kitchen, closed after a year. She emphasizes resilience, leveraging "failures" for products like cornbread mix. Hall values social media insight and advocates using AI in business. Her focus is on trend adaptation rather than viral success.