Sbe has announced that its founder, Sam Nazarian, has assembled a team of experts to launch The Estate Hotels & Residences, a new global network of luxury resorts and residential properties focused on functional and preventative medicine.
Time has become the most valuable currency in today’s world, altering how society perceives and manages it. Accor’s new insights report, "The New Quality Of Time," delves into these changing perceptions and explores how they influence the hospitality industry now as well as in the future.
Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of hospitality software solutions and services, today announced it has acquired Book4Time, Inc., the global leader in spa management SaaS software, serving more Forbes 5-Star-rated spas than any other solution. As the top enterprise SaaS technology for wellness hospitality organizations, Book4Time manages guest experiences at spas, international hotels, resorts, casinos, golf and private member clubs in more than 100 countries. Hotel Tech Report, a hospitality technology customer ratings researcher, named Book4Time the 2024 HotelTechAward Winner for Best Spa Management Software. Acquiring Book4Time expands the opportunity for Agilysys to increase its solutions-per-customer penetration globally.
As the wellness real estate market continues to accelerate, it seems increasingly clear that wellness and sustainable asset types will become a new class of properties in the market. Whereas these developments have been underway for a while, these assets often have distinct property features that require reconsidering the wide and general framework of conventional financing, valuation methodologies, CAP rate averages, and WACC factors. This article describes an outlook for this new asset class to help identify and unlock wellness and sustainability in hospitality finance.
Mentorship, in its simplicity, is the guidance provided by an experienced individual to support and develop the potential of another person. Reflecting on my nearly two decades in the hospitality industry, mentorship has been a cornerstone of my career. From my beginnings as a Night Auditor to my current role as Vice President of Operations, the impact of being mentored and mentoring others has been profound and rewarding.
Crave Interactive, a leading provider of hotel guest experience solutions, is delighted to announce the launch of a multi-platform integration with Book4Time, the premier spa management software provider for hotels and resorts. This innovative partnership aims to enhance the guest experience by promoting and streamlining real-time spa bookings through Crave in-room tablets, AppLess mobile and web solutions.
CBRE's Global Head of Hotels Research & Data Analysis, Rachael Rothman, CFA, ISHC, examines RLA Global's 2024 Wellness Real Estate Report, offering valuable insights on market trends, asset performance, and investment strategies. She explores amenity profitability across hotel segments and emphasizes the importance of skilled asset management in maximizing returns in the evolving hospitality landscape.
This morning, on my way to work, I decided to pick up bagels for the office and a cup of coffee for myself. Arriving five minutes before the bagel store opened, I parked and joined the line behind three people waiting at the door. Within ten minutes, the line behind me had grown to about twenty people. With only two staff members behind the counter, the line moved slowly.
Avani Hotels & Resorts, the upscale lifestyle brand of Minor Hotels, launches AvaniWell, the brand’s first wellbeing clinic at Avani+ Hua Hin Resort in Thailand. Beyond the usual spa offering, guests are invited to discover what wellbeing means to them with guidance from AvaniWell’s team of experts. From Traditional Thai Medicine and physiotherapy to Reformer Pilates and healthy dining, AvaniWell provides wellness “à la carte”, designed to kick-start healthy habits through weekend resets, serene staycations and weekly wellbeing programmes.
What is this dog’s breakfast that you see here? I’ve been reluctant to post some of the longevity meals I eat at home because my plating is certifiably atrocious, but many people have requested so here goes…
The global wellness industry has been going through a profound transformation over the last few years, driven by a renewed focus on holistic health and wellbeing.
Once you go down the wellness rabbit hole, there’s no going back. Living a healthy lifestyle has far too many advantages. You think more clearly; you have more energy; your mood improves; you’re happier; then you end up having better relationships and being more successful overall.
The word ‘optimization’ in today’s world implies the use of data and metrics for continuous business improvement, but it also implies making tradeoffs and devoting limited resources to certain goals ahead of others. For today’s hospitality world, we are confronted by so many data points, so many partners or siloed interests and so many different activities vying for our attention or capital. To make informed, strategic decisions that will unify various operations towards a common objective, hoteliers and owners must carefully pick the key performance indicators (KPIs) that they will optimize and prioritize.
– Hotels with wellness offerings posted healthy TRevPAR growth in 2023, with Minor Wellness properties – those generating less than $1mn or 10% of total revenue from wellness and leisure – standing out with a 26% average increase in average TRevPAR from 2022, hospitality advisor RLA Global said in its latest Wellness Real Estate Report, published in partnership with P&L benchmarking firm HotStats for the fifth consecutive year in 2024.
This is a new benchmark for lifestyle, leisure, better health, and premium hospitality. This article reviews the mounting employee tensions in the hospitality market, specifically regarding service workers and provider orientations in spa and wellness departments. Amid a time of significant global and methodical change, a new generation of hospitality is coming of age. This article examines some of the leading pressure points and the acceleration of the various challenges this market faces today. It also points to actionable solutions, unlaid tactics, and nuance to help motivate changes in this important hospitality personal-care sector.
Hyatt Hotels Corporation (NYSE: H) and Kiraku, Inc. (“Kiraku”) today announced that ATONA, the modern hot spring ryokan (Japanese-style inn) brand, will open properties in Yufu, Yakushima, and Hakone. The ATONA brand was announced in 2022 under a joint venture between a Hyatt affiliate and Kiraku, a Japanese company dedicated to preserving valuable assets for future generations. The first ATONA ryokans are slated to open in 2026 across some of Japan’s top hot spring destinations and areas of natural beauty.
Even with the economy's ups and downs, travelers are spending more on experiences. They're going for bucket-list adventures that showcase their unique passions. This booming industry is expected to reach $1.6 trillion by the end of 2024! Airbnb is also stepping up its experience game with the announcement of its Summer 2024 Icons Program. This new initiative promises a collection of extraordinary experiences hosted by the biggest names in music, film, TV, art, sports, and much more.
World of Hyatt, Hyatt’s award-winning loyalty program, is teaming up with Peloton (NASDAQ: PTON) to become the first global hospitality loyalty program with plans to reward its loyalty members for doing more of what they love – earning World of Hyatt points when they use Peloton equipment at Hyatt properties in countries where Peloton currently operates. In the future, that will mean more opportunities to earn World of Hyatt points to apply towards future bookings, upgrades and experiences just by investing in their own wellbeing when they travel. The collaboration is set to outfit 800+ Hyatt properties with Peloton equipment and provide access to Peloton classes on guestroom TVs at nearly 400 properties for guest and member enjoyment this year. World of Hyatt will provide more information to members on how they can earn under this collaboration.
In recent years, the topic of well-being has become increasingly ubiquitous. A report by McKinsey (2024) finds, surprisingly, that millennials and Gen Z are spending more on health and wellness than older consumers. According to the Global Wellness Institute (2023), the wellness economy reached $5.6 trillion in 2023 and is forecast to soar to $8.5 trillion by 2027.
According to Hilton's third annual trends report, this year will be marked by a pronounced emphasis on wellness travel, with "rest and relaxation" identified as the pivotal trend shaping the travel landscape for 2024. Beyond the traditional offerings like spas, yoga classes at sunrise, and fitness centers with the latest equipment, the pursuit of personal wellness has undergone a significant transformation. As a result, today's travelers, whether embarking on a business trip or a leisurely vacation with friends or family, are placing a growing emphasis on prioritizing sound sleep and rest.