It is no secret that interior design is amidst the most central aspects of a hotel's appeal. However, many hotel developers do not look enough beyond the aesthetic aspect of interior design, missing another facet that is just as important: functionality.
LMVH is using M&A as a key lever to accelerate growth and strengthen its leadership position in the global luxury market. The French luxury goods supplier made a proposal to launch an offer for all the shares in the NASDAQ-listed luxury jewellery maker at $120 per share, a premium of 22% over the closing share price of last Friday. This would represent a total value for 100% of the shares of $14.5 billion and a ratio of 26.7 times Tiffany’s last twelve months earnings to September 2019.
A boutique hotel is a small hotel typically ranging between 10 to 100 keys with one-on-one 5-star hospitality service and strong personality in unique settings with glamorous accommodation and individualized UPS's.
China's luxury goods market has been going through auspicious years over the last few years. In 2018, Chinese consumers spent USD115 billion on luxury goods globally, making-up a third of the world's spent, and their outlay is set to double by 2025. Moreover, between 2012 to 2018, Chinese consumers have delivered more than half of the global growth in luxury spending according to the 2019 McKinsey China Luxury Report.
Hotel developers have recognized the need to create experiences within their hotel, resort or venue, meaning they are now redesigning the existing spaces within their restaurant, beachside, poolside or ballroom areas - specifically to cater towards events. But what are the requirements necessary to build a proper event space? What event space components will make your s pace more sellable to attract events and/or more experiential for events?
The pod hotel concept that originated in Japan in the 1970s has evolved and become one of the latest innovative trends in hotel development and design. Pod-sized accommodation was initially intended for short-stay business travellers who required a private space with basic amenities. Fast forward to today and we see that the pod hotel idea has evolved to meet the growing demands of the mid-scale and millennial travel markets with the introduction of the "micro hotel." In this article, HVS defines what a micro hotel is, describes how room characteristics differ across brands, and identifies the markets that these pod-like accommodations are taking root in.
Elegance, comfort, perfection…everything customized specially for you. While everybody can dream about experiencing the best of the best, not many will. The idea of living perfection has become increasingly important in our daily lives. For instance, although the luxury retail industry is by definition only accessible to a few, being in possession of luxury goods has become one of the most sought after status symbols. An exquisite glass of champagne, a top-performing luxury car, or the possibility of flying private are all examples of what has meant to enjoy a luxury experience.
Social media can be a design wonderland for brands. Constantly evolving user behaviors and content formats give marketers exciting opportunities to experiment with new visuals and connect with audiences in fresh ways.
In the hospitality industry, the guest experience is everything. First of all, it's the main reason why they decide to come back and return visitors are the most important source of revenue for any business. Second, it's what makes them recommend you to their friends and family, which means that it earns you some word of mouth (WOM) recommendations. Finally, it's what makes them give your hotel a great rating online or even write a positive review. Still, when it comes to the overall guest experience, a lot of it depends on the hotel room design.
Redesigning the interior of a hotel that you manage or own is always exciting when you're working on a blank canvas. Choosing the right nature colored paints to match the cabinets in your lobby or kitchen can be challenging at times, but it's possible to match your lobby furniture, cabinets, and hotel room drawers and walls with top natural colors in 2019.
Hotel guests are looking for experiences, something authentic they can't get anywhere else. So create a stay to remember, starting with what guests can order from hotel room service. When patrons feel at home, which can be achieved through stellar room service, they're more likely to tell friends about the experience, write a positive review and visit again.
The decision to renovate or refurbish is often complex, as it is the ultimate crossroads of finance and marketing. Is the proposed capital investment justified?
Summer is a popular time for people to go on vacations, so there will be a large upswing in the number of guests that stay at hotels through August. While hotels will have specials and sales going on to encourage more people to visit, guests know that they have a couple of options to choose from.
For the past few years, Israel's tourism sector has been pushing a new strategy to market the country as a fun leisure spot with sunny weather year-round. With more than 4 million visitors in 2018 — shattering the previous year's record by more than 13 percent — the strategy has been considered a smashing success.
Across the great cities of our country, the trend of rehabilitating old buildings into luxury hotels remains one of the brightest spots in the hospitality industry, offering a unique and rewarding experience for travelers seeking modern-day accommodations linked to a bygone era.
The number of people who choose to bring their pets on holiday is increasing every year, so much so that travel with pets is one of the fastest-growing trends in the travel industry. As a result, hotels are adapting the way they do business to tap into this increasingly important customer segment and maintain their client appeal in the face of stiff competition.
With the growth of private home bookings through a variety of digital platforms, such as Airbnb, hotels face a fierce competition to win customer demand. With a stronger focus on their overall experience, hotel guests today have higher expectations and the ever evolving landscape of travelers have brought about a slew of changes within the hospitality industry. Now, hotels are reshaping the look, feel and appeal of their properties, using exterior and interior designs as one of their differentiating methods to create unique experiences. Eco-consciousness, wellness, local and smart-room technologies are few of the most prevailing hotel design trends being implemented, at both independent hotel companies and chains.
In a world where everything has to be documented on social media, customers are increasingly looking for experience-related services. It is not enough anymore to wear luxury products such as a purse or shoes, customers now want to pair their products to an overall experience.
No matter what type of art we're talking about, whether it's the pattern on the carpet, intricate graphics on columns, framed portraits or any other type of ornament, art can truly elevate the look of any hotel. Not only that, but a hotel that doesn't feature any type of art is sure to feel simply weird and too sterile.
Let's not kid ourselves. As consumers and travellers, we're all quite spoilt.