Opinion Articles

The Holistic Journey: How Wellness Travel Boosts Revenue in Hospitality

Wellness travel is one of the fastest-growing segments in the hospitality industry. From the pandemic’s impact on travelers to a heightened focus on mental health and increased attention to preventive care, many individuals are prioritizing self-care practices that promote holistic wellness — both in their everyday lives and while traveling. So much so that the wellness tourism market is forecasted to more than double between 2022 and 2027, with spending dramatically increasing from $651 billion in 2022 to $868 billion in 2023 with an expected spend to reach $1 trillion by the end of 2024.

Inside the Trillion-Dollar Synergy: Hospitality, Travel and Wellness Converge to Redefine Global Tourism

With worries swirling around the global economy, climate change, political instability, and ongoing health and safety issues, health and wellness have emerged as the shining beacons guiding our travel plans. Travel, hospitality, and wellness have joined forces in a thrilling "convergence" that's changing how we think about the industry. This isn't just a trend; it's a full-blown revolution.

Thoughtful Sleep Program Setup at the Deer Path Inn as an Example for All Independent Hotels

Sleep tourism may be a relatively new buzz term, but for hospitality it isn’t really anything novel; it’s an extension and more deliberate expansion of what hotels aim to achieve each and every night. After all, one of the hallmarks of guest satisfaction, and a core part of any hotelier’s duty of care, is whether or not the guest slept well. Knowing this principle, leading brands are engaged in an arms race of sorts to meet the increasing cultural appreciation and prioritization for sleep amenities. Often lost in this conversation, though, are independent hotels.

Innovative approach to chest pain evaluation for traveler

One of the very frequent events that take place while traveling and has not been properly addressed over the years is the complaint of acute chest pain. This can potentially ruin the entire vacation/travel plan and would add undue stress on the travelers. Most travelers either have established coronary artery disease or risk factors for heart disease such as high blood pressure, diabetes, high cholesterol, high triglycerides, smoking, vaping, and others.

Wellness Real Estate Valuation and Finance

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.

My $400 Bagel and Cup of Coffee This Morning

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.

The New Generation of Wellness-Hospitality and Its Workforce

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.