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Hospitality Industry Trends

Market Report Las Vegas
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Industry Blog
HVS Las Vegas Casino and Hotel Market Outlook 2024 - By Shannon S. Okada

Las Vegas continues to evolve, with billions of dollars being spent on the development of new world-class venues in recent years. This article examines the latest trends and developments that are relevant to the Las Vegas casino and hotel markets.

Meeting Trends
Attendees in an auditorium - Unsplash

European 2024 Meetings & Events Trends

Slightly more conservative across the board, yet positive in outlook, European meeting professionals expect a moderate increase in activity level compared to North and Latin American regions. However, high levels of optimism regarding the overall health of the industry are firmly in place. 79% said they would rank their confidence level as 8 or higher on a scale of 1 to 10.

A ladder - Unsplash+

HSMAI Report: Taking Commercial Strategy To The Next Level

This report and accompanying Commercial Effectiveness Organizational Assessment was created by the HSMAI Commercial Strategy Workgroup. HSMAI’s Commercial Effectiveness Organizational Assessment allows a hotel organization (individual hotel, management company, ownership group, or brand) to assess and score their implementation of the 11 key drivers of commercial excellence.

Rural Tourism
Source UNWTO

New Study on Rural Tourism and Development in Europe

UN Tourism has partnered with the European Committee of the Regions for a comprehensive study of the significant impact and potential of tourism in fostering socio-economic development in rural areas.

Market Report Brazil
S?o Paulo, SP, Brasil - Unsplash

ForwardKeys is Deciphering Brazil's Mid-Year Holiday Travel Demand

As Brazil gears up for its mid-year holidays in July, destination managers and businesses are turning to travel intelligence to gain a competitive edge by effectively forecasting demand. With domestic travel within Brazil showing increased interest during this year?s holiday season, having access to accurate and timely data is crucial for success.

U.S. Air Travel Consumer Report

U.S. Air Travel Consumer Report: January 2024 Numbers

The 560,352 flights operated in January 2024 were 99.56% of the 562,845 flights operated in January 2023. Operated flights in January 2024 were down 0.44% year-over-year from the 562,845 flights operated in January 2023 and down 7.18% month-over-month from 603,756 flights operated in December 2023.

Market Report Dublin

Six Nations, St. Patrick's Day Drove Dublin Hotel Occupancy in March

The market's highest daily occupancy level was seen on Saturday, 16 March (98.6%) - the night of the final round of the Six Nations championship between Scotland and Ireland at Aviva Stadium. The market's daily occupancy levels were above the 70% mark throughout the month apart from two days.

U.S. Airline Traffic Data
Infographic - January 2024 U.S. Airline Traffic Data

January 2024 U.S. Airline Traffic Data Up 4.0% from the Same Month Last Year

U.S. airlines carried 70.0 million systemwide (domestic and international) scheduled service passengers in January 2024, according to the Bureau of Transportation Statistics (BTS). When adjusted for seasonality, January enplanements are down 1.0% from December and down 1.0% from the all-time high reached in December 2023.

Market Report Singapore
Marina Bay Sands, Singapore - Pexels

Eras Tour Led to March Records for Singapore Hotels

The host of six Taylor Swift concerts, Singapore's hotel industry posted its highest March average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary data from CoStar.

State Of The Cruise Industry Outlook
Cover - 2024 State of the Cruise Industry Report

Cruise Lines International Association Releases 2024 State of the Cruise Industry Report

The annual state of the industry report includes the release of 2023 passenger volume, which reached 31.7 million - surpassing 2019 by 7%. The report also shows continued demand for cruise holidays, noting intent to cruise at 82%. The forecast for cruise capacity shows an increase of 10% from 2024 through 2028, as cruise lines make ongoing, concrete progress in pursuit of net- zero emissions by 2050.

Employee Engagement
Young plant in hands showing concept of environment and growth

Transforming Employee Engagement in the Hospitality Industry

In the hospitality industry, traditional metrics like revenue performance and guest satisfaction have long been the go-to indicators for assessing a hotel's business health. However, as businesses increasingly acknowledge the vital role of talent in achieving success, talent retention has emerged as a paramount concern, which we explore in this excerpt from the HSMAI Foundation Special Report: The State of Hotel Sales, Marketing, and Revenue Optimization Talent 2023-2024.