The Evolution Of Luxury: Exploring A Shift In The Luxury Travel Market

As millennials are growing older, the luxury travel market is trying to keep up with and understand a tech-savvy demographic of buyers with extremely different demands and desires than the generation before. As this demographic reaches an age where they possess immense buying power, they have become the primary targets for marketers who are still trying to define what it is that this generation desires.

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Debunking the Impact of Blockchain on Hotel Distribution

A recent article on the Nasdaq website called “How Blockchains Are Changing the Hotel Industry” claims that blockchain-based platforms “offer promising solutions” to particular areas of difficulty in the hospitality industry, including blockchain-based hotel booking platforms. Before we jump on analyzing blockchain technology’s impact on hospitality, let’s quickly review what this new technology and some of its more popular applications are all about.

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Extended-Stay Hotels Growth or Performance?

When investing in hotels, recent year-over-year trends in revenues and profits, along with current performance values, are two of the metrics most frequently evaluated.  Investors need to balance the current levels of a property’s occupancy, ADR, revenues and profits, with the recent direction of the changes in these measurements.  In an attempt to time the market, some people prefer to invest in hotels that are currently achieving low levels of revenues and profits, but are coming out of the bottom of the cycle and achieving strong gains on the top and bottom lines.  Others prefer hotels that have are approaching, or are achieving, peak levels of performance.

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Ian Schrager Believes Luxury Isn’t Just for Rich People Anymore

robbreport.com
by Jackie Caradonio
5/6/2018

Ian Schrager is rarely indifferent. The founder of the legendary nightclub Studio 54 and the mastermind behind some of hospitality’s most enduring hotels has reinvented his industry enough times to know that trends are fleeting—and rules were meant to be broken. Now, 34 years after opening his first hotel, the godfather of hospitality is taking a look at the changing face of luxury travel. Robb Report sat down with the innovator to find out how the modern hotel was born—and where its founder will take it in the future.

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The Newest Hotels in Los Angeles Are Redefining Luxury Travel

Hannah Elliot, Bloomberg
14/5/2018

Los Angeles has many faces.The time and effort required to brave its famously sluggish traffic means that, for many visitors, the place they choose to stay determines the flavor of their experience.

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