TOP NEWS

📈 In San Diego, California, Cloudbeds partnered with Sabre Corporation to integrate Cloudbeds PMS with Sabre’s SynXis CRS, enhancing data synchronization and distribution for hotels. The two-way API integration enables real-time inventory, rates, and reservations updates, automated rate management, and unified booking across all channels. The integration, going live in Q1 2025, grants access to Sabre's global distribution network and aims to improve operational efficiency, revenue opportunities, and guest service delivery.

🏨 On February 25, 2025, in San Diego, CA, Cloudbeds, a leader in hospitality management technology, announced a strategic partnership with Sabre Hospitality, a global travel tech company. The partnership features an API integration of Cloudbeds PMS and Sabre's SynXis® CRS for improved management across distribution, reservations, and operations. Benefits include real-time two-way synchronization, automated inventory/rate management, unified reservations, and optimized distribution over 600+ OTAs and other channels. The integration is scheduled to launch in Q1 2025 and will be available to all joint customers. Cloudbeds, founded in 2012, operates in 150+ countries and has received multiple awards, including Deloitte's Technology Fast 500 in 2024. Sabre, headquartered in Texas, serves customers in over 160 countries.

🏨 Hotel room usage has nearly doubled from 2.5 waking hours to almost 5, driving the transition of hotel rooms into multifunctional spaces. This shift, enhanced by remote work trends and competition from platforms like Airbnb, calls for ergonomic designs with built-in charging ports and adjustable task lighting. Hotel designs now reflect local culture, with nature-inspired interiors and high-tech amenities for business travelers. Personalization in design allows guests to select décor and furniture, creating unique experiences. The hospitality industry is evolving to meet demands for flexibility, comfort, and personalized spaces.

🏖️ eDreams ODIGEO partners with PayPal to offer Prime travel subscription perks in the UK, France, Germany, and Spain. PayPal customers receive one year of complimentary Prime Discovery membership, granting them access to the 7 million strong Prime community. The alliance intends to bolster Prime's European presence and PayPal's position as a preferred payment platform for travelers, providing premium travel benefits, AI-driven deals, and 24/7 assistance without a first-year cost.

🏨 On February 25, 2025, the hotel distribution industry trend shifted towards reducing OTA reliance, aiming for direct bookings as OTA commissions hit up to 40%. Direct digital bookings are expected to surpass OTAs by 2030, with over $400 billion in revenue. Personalized experiences driven by AI and data analytics are in demand, with loyalty programs offering personalized rewards. The EU's Digital Markets Act and the EU Court of Justice rulings support a customer-first approach and rate setting freedom for hotels. Over 50% of bookings now come from mobile devices, emphasizing the need for mobile-first design. AI innovations like D3X.ai and Allora.ai are emerging in the market.

🏨 Sean Hehir, CEO of Trinity Investments, specializes in upper-upscale and luxury hotels, acquiring the Standard, London (266 rooms) in November 2024 and the Fairmont Olympic Hotel, Seattle (450 rooms) in December. In 2023, Trinity and Credit Suisse Asset Management purchased the 1,000-room Diplomat Beach Resort in Hollywood, Fla., for $835 million. Post a $90-million renovation in 2018, the resort secured a $575-million loan for repositioning under Hilton’s Signia brand. STR predicts a RevPAR increase in the luxury segment by 2.9% in 2025, 2.2% in 2026, and 2.5% in 2027, while forecasting a RevPAR decrease in the midscale segment by 0.7% in 2025. Trinity invested over $730 million in hotel assets in 2024, steering more than $8 billion in 25 years. Global hotel deals are expected to rise 25% in 2025.

📌 Over 52% of travellers consider the ability to cancel for free within 24 to 48 hours of arrival essential, as per the 2024 Adyen report. Flexible rates offer free or lower fee modifications or cancellations before a set date. Benefits include improved conversion rates, increased direct bookings, and optimised RevPAR. Strategies like website exclusivity, clear terms, and AI widget campaigns can enhance implementation. The Elysée Val d’Europe hotel tripled direct bookings using HiJiffy's AI widget campaigns. Risks like last-minute cancellations can be managed with strategies such as offering rescheduling and setting fair pricing.

📱 Travelers visit 38 websites on average before booking a hotel, highlighting the need for centralized, customer-centric search platforms for direct bookings. The roomangel Foundation is pushing for a global initiative to connect new hotel search platforms directly to hotels' property management systems. Loyalty programs are shifting towards personalized rewards, and the Digital Markets Act, enforced on May 2, 2023, is aimed at curbing unfair practices by large digital platforms in the EU. Booking.com has ended rate parity clauses in the European Economic Area due to the DMA. Mobile bookings are surging, with 68% of travel and hospitality online traffic coming from mobile devices in 2023, and in the UK, 51.3% of bookings were made on smartphones by 2024. Artificial Intelligence is poised to revolutionize hotel distribution through enhanced direct bookings, dynamic pricing optimization, personalized marketing, and intelligent upselling.

📈 📈 Hermès achieved €15.2 billion revenue in 2024, a 15% increase, with a net profit of €4.6 billion, driven by sales in Americas. LVMH saw only 1% revenue growth reaching €84.7 billion. Kering shares dropped by 41%, reducing market value to €30 billion. Hermès plans to enter haute couture by 2026-2027. Prada and Miu Miu thrived with cultural engagements, while Prada's CEO Andrea Guerra, since 2023, focuses on consumer expectations. Moncler Group's revenues surpassed €3.1 billion, up 4%, with a net profit of €639.6 million. Richemont, with Cartier, reported strong demand in the U.S. Ferrari's net profit rose to €1.526 billion in 2024, with operating profit up by 16.7%. Nike's stock increased by 6.2% following a Skims collaboration announcement. On reported a 32% sales increase and is expected to exceed $2.6 billion in sales. The global luxury market is projected to grow annually between 1% and 3% from 2024 to 2027.