What’s Driving Luxury Travelers In 2024, According To McKinsey
Travel is one of the world’s largest industries. According to McKinsey, $8.6 trillion will be spent on travel in 2024, representing roughly 9 percent of this year’s global GDP. And…
Hotel performance in 2024 – An unpredictable market with silver linings
So what are hoteliers doing to remain competitive in this climate, and what opportunities and challenges are they facing in the road ahead? In September 2024, I gathered over 20…
McKinsey: Now boarding: Faces, places, and trends shaping tourism in 2024
After falling by 75 percent in 2020, travel is on its way to a full recovery by the end of 2024. Domestic travel is expected to grow 3 percent annually…
‘Algorithmic’ hotel pricing draws legal, regulatory scrutiny
Key Points The increasing use of algorithms to optimize pricing strategies has drawn the attention of competition authorities on both sides of the Atlantic, who fear the technology can facilitate…
Surf Parks Industry Growth and Trends 2024
Surfing is rapidly gaining traction, emerging as one of the fastest-growing water sports globally. According to the Sports and Fitness Industry Association (SFIA), participation in surfing surged by 28.5% in…
HVS Asia Pacific Hospitality Newsletter
Star Hotel Group Acquired Rydges Gold Coast Airport Hotel for AUD60 Million in Australia Australia-based independent hospitality group, Star Management Group Pty Ltd (“Star Hotel Group”), has acquired the 192-key…
HSMAI Europe Announces Its Official Launch In Spain As Part Of Southern Europe Expansion Strategy
HSMAI Europe has announced its official launch in Spain, marking a significant milestone in its strategy to expand and strengthen its membership in southern Europe. Following an introduction into Greece…
The Wholesale Hotel Playbook: How Technology and Data Are Redefining Distribution
Hotel chains today often struggle with fragmented distribution channels and complex wholesale rate management. Maintaining an offline distribution network can be costly and time-consuming and often requires substantial discounts and…
Travel Market Life Podcast: Hospitality Discussions (Part 1): 2024 Performance, expectations vs reality
What's really in store for the hospitality sector in 2025? In this live episode of Travel Market Life, recorded at the Rembrandt Hotel, we tackle the industry's biggest challenges and…
Newsletters Subscribe Technology Business Travel Can’t Be Decarbonized Overnight, but These Companies Are Proposing Solutions
Alex Kantrowitz, FastCo Works; Nora Lovell Marchant, Vice President of Global Sustainability, American Express Global Business Travel; Casper Overbeek, Chief Product Officer, citizenM Hotels; and Zita Schellekens, Senior Vice President…