HOTSTATS – Navigating Challenges: California’s Hotel Industry in 2023
This summary provides an overview of the challenges and fluctuations experienced by the California hotel industry in the opening half of 2023.
Report
The Power of Artificial Intelligence in Luxury Hospitality: A Real Estate Revolution
According to JLL’s report titled “Artificial Intelligence: Real Estate Revolution or Evolution?,” the rapid expansion of the AI ecosystem and its supporting infrastructure will drive real estate demand in different markets worldwide. As the luxury hospitality industry embraces AI, it is essential to harness its potential strategically and ethically to deliver value and enhance guest experiences.
Hotels Rise as a Coveted Investment Class Amid Shifting Real Estate Dynamics
Romy Bhojwani, Director of Hospitality Market Analytics, CoStar Group on how the landscape of commercial real estate investing is experiencing a notable transformation, with hotels emerging as a preferred asset class for investors.
JLL Research: The Evolution of Global Luxury Hospitality
Read JLL’s in-depth report on the evolution of global luxury hospitality, where they delve into the remarkable transformation taking place within this industry.
CBRE: A Global Status Update on Sustainability and ESG Adoption in the Hotel Industry
In recent years, there has been a noticeable surge in the global interest among hotel guests, investors, owners, employees, and brands towards promoting responsible environmental practices, sustainable tourism, social welfare, corporate governance, and transparency. This growing awareness and concern have significantly raised customer and employee expectations within the hotel industry.
CBRE 2023 Global Hotels Outlook
CBRE has just released a report on the outlook for the global hotel industry, as we move forward into 2023. They believe the hotel space is poised for a strong recovery, with the widespread normalization of travel patterns anticipated to return market fundamentals to pre-pandemic levels.
Hawkins International: TrendHawk 2023
TrendHawk 2023 is a captivating read, especially as things like personal well-being, playful adventure, lingering travel, and global curiosity are all having moments.
CBRE: How Loyalty Programs Can Help Hotels Weather Economic Downturns
This analysis takes into account several factors that may have influenced loyalty program performance over the past decade, including accounting changes, brand mergers and acquisitions, and dynamic point pricing.
Luxury Resort Advisory Committee Report
The Resort Committee think tank is a deliberating body of luxury hospitality professionals that composes research relevant to luxury resorts, including legislation and regulation, ESG, consumer behavior and growth of the industry
ILHA Design Advisory Committee Report
The Design Committee is a think tank that researches trends and innovation in design to promote growth in the luxury hotel industry, environmentally responsible practices, and better understand consumer behavior.
CBRE: Sharp Decline in Global Investment Recorded in Q4 2022
CBRE forecasts that global investment volume will decrease by 11% in 2023 but still exceed pre-pandemic levels in 2019.
UltraTech International
UltraTech International markets a unique, proprietary, patented odor eating product, Aveho, that every hotel and cruise ship should consider.
Check out our Advanced Products on our website:
Ultratechbrands.com
