Hoteliers Say Industry Missed the Chance To Reinvent Itself
The hotel industry may have missed an opportunity to significantly change its business model.
The hotel industry may have missed an opportunity to significantly change its business model.
In 2022, the world started traveling again -- and with that came the return of all the usual misbehavior and antics abroad. But with nerves perhaps frayed by a record year for airline cancellations, delays, lost luggage and inflated prices, misconduct was a particularly strong theme. Here are the standout moments from a year of travelers behaving badly.
The coming year is looking to be a promising one for travel, with restrictions disappearing in many countries, new flight routes launching, and the hotel industry bringing its A game after two years of uncertainty.From next-level luxury escapes in Dubai, Mozambique and the Maldives to hip urban hideaways in Paris, Sydney and Palm Springs, this year's exciting array of new hotels has something for every traveler (and budget!).We've handpicked 20 incredible hotels with openings in 2022 and 2023 for you to stay at -- or dream of -- in the new year.
About six months into an experimental project of providing a blockchain-based portal for U.S. employees to book leisure trips, EY's travel team is ready for global expansion and an added hotel component. More importantly, however, it is coming away with a "clear case" that such a set-up could be used in a larger corporate booking environment, global innovation and technology lead Ian Spearing said.
With both savings declining and income growth slowing, the American economy is in for some harsh reality heading into 2023.
Luxury hotels must transcend their brands to be all that discerning guests require.
Developing or owning a hotel can be a scary endeavor, but those who have done it say it's also rewarding.
As Jacopo Burgio, Director of Real Estate Products for Europe at the Angelo Gordon Fund, explained, "We didn't get into Room Mate because we liked the urban product, but to take advantage of the opportunity to buy an operating company. Every day we are asked to do different things and we analyse them all."
Business travel for airlines has been the lifeblood for the largest U.S. and worldwide airlines. When a company is paying the bill, issues of schedule, airport and cabin treatment, frequent flier program, and more matter the most to the flyers. As a result, corporate business travelers have historically paid rates three to four times more than the leisure traveler, and sometimes much more than that. Every large U.S. airline has built their business to attract and retain this kind of traveler. It affects their fleet, schedule, seating configuration, airport real estate, management organization, distribution strategy, corporate policies, and almost everything else the airline does.
Travelers may complain about resort fees when they see the final bill, but they're still paying them. To retain guest loyalty, hoteliers know they must provide demonstrated value for fees now more than ever.
Since the pandemic has changed the way people think of business travel, large U.S. airlines have been thinking of new travel types that could replace it. Delta has spoken of the premium leisure passenger, or people that will pay for a nicer onboard experience and an upgraded hotel and ground package. Other large U.S. airlines have spoken of the “blended passenger”, or some say the “bleisure” passenger. This supposed growth category includes people whose travel includes some business and some leisure.
Flying business class has always been beyond the means of most fliers. Now even companies can’t afford fares that have soared as the world tries to reconnect in the wake of Covid.
IHG Hotels & Resorts announced in a news release Tuesday that parts of its technology systems were “subject to unauthorized activity” over the past few days. The company’s website and app went down at 9 p.m. on Sunday for “scheduled maintenance” and was only up briefly on Monday from 11 a.m. to 1 p.m., according to reporting by LoyaltyLobby.
Business-transient demand for hotels has been the slowest segment to rebound since the start of the COVID-19 pandemic, and Jan Freitag, national director for hospitality market analytics at CoStar, believes the segment may have permanently shifted.
It might have seemed surprising when Hyatt purchased the Apple Leisure Group (ALG) in 2021. Hyatt is a widely known hotel company with its core brands in the upscale and luxury categories, while ALG was known for a sprawling collection of all-inclusive resorts, with multiple brands under the AMResorts umbrella. Hyatt had entered the all-inclusive space a while back with its Ziva and Zikara brands, but this deal brought a whole new scale to its portfolio.
As the name implies, bleisure is part business travel, part leisure travel. It’s combining a work trip with an extended vacation before, during or after the work event.
Over the last several months, Hotel News Now has run several stories about U.S. hoteliers’ high expectations for summer travel demand in all guest segments.
While all travel took a tumble during the pandemic, international business travel, in particular, was hit hard, as video calls and conferencing quickly took the place of on-site visits and in-person client meetings. But as the world learns to live with the virus, work-related trips have come bouncing back in a big way in 2022.
As we enter the third year of the COVID-19 pandemic, some sectors of the hotel industry have recovered, and some are still waiting.
Hotels and hospitality businesses are now the third most targeted by cyber attackers of all industry sectors. Despite being bricks-and-mortar enterprises — set up for physical enjoyment of their amenities — they have become a rich mine of data for hackers with nefarious intentions.