Hotel Industry Eagerly Awaits Chinese Travel Surge
Here’s a taste of the hotel deal and development news that Skift's Daily Lodging Report newsletter summarized in the past week, as of March 31.
Sean O’Neill is Skift’s Senior Hospitality Editor. Sean’s forte is reporting, and he’s broken multiple hotel industry scoops. He has also conducted 1:1 interviews on stage with the CEOs of Marriott, Hilton, IHG, Hyatt, and Wyndham.
4 Charts and a Paris Hilton TikTok: Lessons From Skift’s Future of Lodging Forum 2023
Sometimes charts and even a TikTok capture 1,000 words. A handful relay some of the opportunities facing the hotel industry today.
Hotel Investors See New Promise in Long-Term Gap Between Supply and Shifting Demand
For the next few years, properties that deliver a differentiated experience will benefit because there is more demand than supply, hotel investors say.
The Postcard Hotel Looks to Challenge Aman in the Luxury Boutique Segment
There's always room for innovative entrepreneurs to create whitespace. Kapil Chopra, founder and CEO, thinks he's found some in the luxury boutique segment with his Postcard Hotel brand. Watch out, Aman, Six Senses, and One&Only.
Investors Rethink Hotel Sector’s Main Performance Metric
Every commentary on hotel performance refers to revenue per available room as a key industry metric — RevPAR. Yet non-room revenue from cafes, co-working, spas, and events is growing in importance. Hoteliers should focus more on overall earnings per square meter.
Hotels Open Doors to Women for Ownership and Leadership
The hotel sector needs more women in leadership. Thankfully, a handful of companies are getting savvier about the importance of mentorship, flexibility, and other support.
Marriott Pushes M Clubs and Courtyard Resorts as New Offerings
Marriott is bringing to Miami its M Club, a lounge mainly for members in the elite tiers of its loyalty program. It's also rolling out full-service resorts under its Courtyard brand. Plus, other highlights from hotel news this week.
Hilton Sees Link Between Brand Strategy and Workplace Morale
When we asked Hilton how it's updating its brands for a new era, we expected to hear mostly about color palettes and breakfast options. But the company instead said workforce satisfaction was the most critical ingredient.
Hotel Brand Tiny Urban Escapes Taps Into Micro Luxury and Sustainability
The founder of Tiny Urban Escapes, Indiana’s first Black and female-owned hotel, is taking an innovative approach to sustainable, luxury travel in urban environments.
Hotels Find China’s Outbound Travel Rebound Slower Than Expected
Instead of a sudden stampede of Chinese tourists, expect a fast walk of travelers in a set of phases. Plus, more highlights from this week's news in hotel deals and development worldwide.