What is the news in the hotel industry?
Hospitality is forever changing in response to new technologies, market trends, customer tastes, and more. By keeping up with the latest news on hospitality industry trends and events, a hotel can ensure that these changes are not detrimental to its business and hopefully capitalize on these developments. However, searching through endless news feeds to find something of value can be a time-consuming pursuit. To help you out, we’ve scoured the latest news on hospitality industry trends and events, reading every hotel industry report to bring you the most important information a hotelier needs to know.
Latest news from the hospitality industry
A year full of stability and growth
At the start of 2023, especially given the impact of Covid on the travel sector in previous years, the focus was firmly on growth. First, on infrastructure: 103,230 rooms are set to open this year across 865 US hotels. Marriott Hotels has opened its largest property in Europe, an 869-room hotel in Madrid, Spain. With more rooms comes more work, and the British Hospitality Association is aiming to create 100,000 jobs. In other news: London hotels saw occupancy fall 4.2% in December. Guests are spending an average of 4.5 hours a day on their smartphones. Chinese travelers took 40 million outbound trips in the first half of 2023, down from 155 million outbound trips in 2019, but up from near-zero trips during the country’s widespread Covid lockdown. Chūō-ku in Osaka, Japan was voted the best destination to visit by Airbnb. Hospitality workers would rather earn more money than receive extra points. Nearly one in five hotel rooms booked online is cancelled before the trip.