Earlier this week, Travelodge, the UK’s first budget hotel brand, has released its latest Travel Report which delves into the upcoming holiday travel trends for 2024, as voted for by the nation.
With new travel habits, people seeking out longer stays and exploring destinations more fully, Accor continues to lead the accelerating extended stay market with the industry’s most comprehensive extended stay portfolio, benefiting our owners, our guests, and Accor.
The global business travel industry has put the pandemic behind it and is riding a wave of momentum at the start of 2024. A majority of travel buyers report increases in bookings and spending for 2023 and expect this year-over-year growth trend to continue as they also prioritize sustainable travel in their organizations. Nearly 60% of travel buyers expect more travel in the coming year, with two-thirds anticipating increases in business travel spending. Industry professionals also expect challenges ahead, however, citing rising travel costs, overall economic uncertainties, lagging corporate budgets and travel disruptions among their top concerns. And almost half of travel buyers say the adoption of remote and hybrid workplace models has prompted them to revamp their employee travel policies and programs.
As we settle into a new year, I always enjoy the exercise of reflecting on the year behind us and evaluating (with a healthy dose of optimism) what lies ahead. Inside our business, we’re squarely positioned at the crossroads of the travel and tourism industry, where macroeconomic factors, consumer behavior and innovation converge.
72% of Americans say they plan to either maintain or increase their number of hotel stays in 2024 compared to 2023, and hotels remain the top lodging choice for likely travelers, according to a survey commissioned by the American Hotel & Lodging Association and conducted by Morning Consult.
BWH Hotels announced today the expansion of its upscale brands in key North America markets with the addition of seven new properties being welcomed to the portfolio in Q4 2023. Highlights of these recent openings include an oceanfront hotel in Myrtle Beach, South Carolina, and a historic hotel just steps from the Magnificent Mile in downtown Chicago.
AAHOA continues to monitor the developments involving the proposed merger by Choice Hotels International (“Choice Hotels”) of Wyndham Hotels & Resorts (“Wyndham”), including a press release issued by Choice Hotels on Monday that proposed a full slate of “independent, highly qualified individuals for election at the 2024 Annual Meeting of Wyndham Hotels & Resorts.” The Choice Hotels’ statement listed the nomination of eight individuals, including an AAHOA Lifetime Member.
IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies with 19 brands and boosted by its award-winning IHG One Rewards loyalty program, today underlines its growth in the Luxury & Lifestyle segment. Currently, IHG boasts one of the largest Luxury & Lifestyle portfolios in the world, consisting of six acclaimed brands that represent 22 percent of its global pipeline* – nearly double its stake from just five years ago. IHG has driven its ambition forward through a combination of strategic expansion, dedicated Luxury & Lifestyle expertise and significant investments in its wider enterprise platform to fuel brand awareness, consideration and loyalty.
Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest and most successful lodging franchisors, celebrated another year of strong growth, announcing higher-than-expected brand growth across its revenue-intense segments in 2023.
Marriott Bonvoy and SpringHill Suites by Marriott today announced a multiyear agreement with the U.S. Soccer Federation. With exclusivity in the hotel lodging, accommodations, and hotel loyalty category, this strategic relationship unlocks new benefits for fans and creates unforgettable experiences around a variety of U.S. Soccer events, including U.S. Men's and Women's National Team matches, SheBelieves Cup, SheBelieves Summit, and the Lamar Hunt U.S. Open Cup.
hihotels by Hospitality International, a recognized leader in franchising of conversion and new build hotels for economy lodging, is pleased to announce the winners of its 2023 awards. Five properties rose above all the nominees in meeting and exceeding the company’s standards of operations last year.
In support of National Human Trafficking Prevention Month, G6 Hospitality, the parent company of Motel 6 and Studio 6, is renewing and expanding its long-standing efforts to combat human trafficking and raise awareness around the widespread issue.
American Hotel & Lodging Association (AHLA) President & CEO Chip Rogers released the following statement yesterday after legislation that would have destroyed the hotel industry’s franchise model stalled in the New Jersey State Senate.
Ready to pack your bags and dive into new adventures? Join the club! Hilton’s recent Trends Report, surveying over 10,000 globetrotters, reveals that 2024 is shaping up to be a year when wanderlust takes center stage. A whopping 64% of travel enthusiasts are reshaping their budgets, cutting back on other expenses to fuel their globetrotting desires. And it’s not just about going places; it’s about going bigger and better, especially for Gen Z and Millennials. An impressive 72% in these age groups are not only prioritizing travel but also willing to spend more to make each journey unforgettable.
Hilton (NYSE: HLT) today announced LivSmart Studios by Hilton as the official name of its new studio apartment-style, extended-stay hotel brand. Created for the long-stay guest who never stopped traveling, even throughout the pandemic, LivSmart Studios has received tremendous interest from owners and developers in just six months and currently boasts more than 350 deals in various stages of negotiation. In fact, construction in Kokomo, Ind. broke ground less than five months after the brand was first announced, marking the first hotel under construction for the LivSmart Studios brand.
In 2023, we reached new heights. Our commitment to empowering Talent and nurturing a diverse culture led to milestones like the industry-first Reveal Talent program launch. We expanded our horizons, from designing unique travel experiences to unveiling Orient Express Silenseas, the world's largest sailing ship.
International travel opens our eyes to unique adventures, diverse cultures, flavorful cuisine, and an amazing array of awe-inspiring sights, sounds, and smells. With Hilton properties covering 124 countries and territories, the hardest part just might be deciding where to visit first.
Extended stay hotels are experiencing a dynamic shift, reflecting changes in travel trends, sustainability demands, and technological advancements. I recently led a discussion on the topic with the HSMAI Revenue Optimization Advisory Board and we delved into the challenges and opportunities this sector faces.
Four Seasons Resort Bora Bora, named "Best Luxury Beach Hotel Worldwide" by Luxury Travel Advisor, introduces a complete island buyout, providing guests with unparalleled exclusivity and privacy.
In line with Rotana’s target to strengthen its global footprint, the hospitality group announced several market entries this year. In the United Kingdom (UK), Rotana will launch two new properties under Centro, its affordable hotel and serviced apartment brand. Set to open in 2024, Centro New Malden and Centro Kingston will be the first two properties that form part of a wider agreement to develop up to 1,500 keys over multiple sites across the greater London region, all under the Centro brand.