TOP NEWS

🏦 Marriott International, Inc. reported global RevPAR up 5% in Q4 2024, with 4.1% growth in the US/Canada and 7.2% internationally. Q4 diluted EPS was $1.63 and adjusted diluted EPS was $2.45, with net income at $455 million and adjusted net income at $686 million. Adjusted EBITDA reached $1,286 million. Over 123,000 rooms added in 2024, increasing net rooms by 6.8%, leading to 1.7 million rooms worldwide. Nearly 3.8k properties and over 577k rooms were in the development pipeline. The company returned $4.4 billion to shareholders in 2024. Marriott Bonvoy membership nearly hit 228 million.

📈 Google launched Meridian, an open-source marketing mix model (MMM), alongside a partner program with over 20 certified partners. Designed after global brand testing and feedback, Meridian customizes to specific needs, like those of Finder, an Australian financial company. Meridian applies Bayesian causal inference for more accurate budget decisions, blending prior knowledge with real-world data. It provides a more realistic view of media performance, including Google media, and can measure sales, website visits, profit, and conversions. It redefines reach and frequency for video investments and integrates with incrementality experiment results. The model's code is available on GitHub, and a network of experts helps maximize its potential for advertisers.

📌 In 2024, Marriott International added 123,000 rooms, reaching 1.7 million globally and a 6.8% net growth. Hilton added nearly 100,000 rooms, a 7.3% net growth. Marriott's pipeline had 3,800 properties and over 577,000 rooms; Hilton's had 498,600 rooms. Conversions drove growth, with Marriott's MGM and Sonder deals adding 38,000 and 9,000 rooms, respectively. Marriott's Global RevPAR rose 4.3%, with U.S. and Canada's Q4 RevPAR up over 4%. Marriott added over 31 million new members to its Bonvoy program in 2024, totaling around 228 million. They also plan technology investments and property renovations, including the Elegant Hotels portfolio in Barbados. Marriott expects $80-90 million annual savings from restructuring, including 800+ layoffs at its Maryland headquarters from January 3, 2025.

🏨 At the 30th Hospitality Operator Forum, attendees will hear from speakers like Federico Gonzales Tejera, CEO of Louvre Hotel Group, and Alban Ruggiero, CEO of JOST, on June 12th at the InterContinental Paris le Grand. Louvre Hotel Group has been undergoing transformation for nearly 2 years. JOST, a brand mixing modern accommodations with social spaces, is expanding with a new establishment in Lille, supported by Turenne Capital's Benjamin Altaras.

📂 Marc Schwarz, Director of Service at Thrive Hospitality, shared insights from his time at Land Rover in an episode aired on Feb. 11, 2025. The episode is part of the Hospitality Daily Podcast and focuses on the hospitality mindset that can be learned from Land Rover. Listeners are encouraged to share the episode to implement ideas that benefit their businesses and customers. Music for the show is produced by Clay Bassford of Bespoke Sound.

👨‍💻 In hospitality, the arrival experience is the initial interaction of a guest with a hotel or restaurant, starting from the approach to the property. Key components include first impressions, greeting protocols, ambiance, and initial interactions. Differences in settings between hotels and restaurants impact this experience. Designing the arrival experience involves guest journey mapping, environment & ambiance, staff training & interaction, technology integration, brand alignment, and anticipating needs. The arrival experience influences first impressions, trust & comfort, reviews & repeat business, and competitive differentiation. Strategic insights indicate a transformative impact and foundation for loyalty. Actionable recommendations include investing in staff training, leveraging technology, prioritizing guest-centric design, and embracing continuous feedback. It defines guest satisfaction and loyalty from the first chapter of their journey.

🌌 In 2023, the International Dark Sky Association added 20 new International Dark Sky Parks globally. The 2017 solar eclipse attracted over 216 million viewers. A Booking.com survey shows 62% of travelers want to visit dark sky destinations, with 72% interested in star-bathing, 59% in star guides, 59% in cosmic events, and 57% in constellation tracking. Notable U.S. locations include Big Bend National Park, Texas; Cherry Springs State Park, the Appalachians; and Great Basin National Park, Nevada. Hospitality venues offer telescope-equipped stargazing, guided night hikes, and astrophotography workshops, with potential for educational collaborations and themed packages.

🏨 Hotels using comprehensive virtual tours and professional photography increase bookings by 7.3%. Integrated CRM systems result in a 23% increase in repeat bookings and a 15% rise in guest satisfaction. Offering competitive direct prices leads to a 7.3% booking rate increase, and integrated package deals improve guest satisfaction by 15%. Loyalty programs often see a 15% increase in guest satisfaction. For success, optimize websites for mobile use, offer smart pricing, integrate technology, and enhance guest experiences. Implement strategies for increased profitability, a richer guest experience, brand loyalty, and a robust online presence.

🏨 In 2024, luxury brands Gucci, Louis Vuitton, and Louboutin expanded into hospitality, revamping and partnering with iconic hotels such as White 1921 in Saint-Tropez, the Maidstone Hotel in the Hamptons, and a 5-star hotel in Melides, Portugal. Louis Vuitton also operates a hotel in Paris, and Elle Magazine has one in Amsterdam. These collaborations offer benefits like higher rates, built-in marketing, and novel guest experiences, hinting at a potential trend for other consumer brands like Nike, Patagonia, or Mercedes.