Library Archives

 
Kevin Williams

The U.S. has grown accustomed to being a top destination in international travel, but recent data shows that the number of foreign travelers visiting the country is declining. Although this year showed a slight increase in foreign travel to US markets, it is not enough to offset the sharp losses we experienced after September 11th. While the travel industry is making small progress, greater initiative is needed to revive our status in the international community. With the domestic economy faltering, the travel industry should be more aggressive in exploiting the dollar weakness to its advantage and bringing more foreign money to American shores. Read on...

Neale Redington

In a recent New York Times article, it was reported that a 74 year old traveler spent the past several years on various adventure vacations, including climbing the 19,300 foot Uhuru Peak on Mount Kilimanjaro and pitching a tent in a sandstorm in the Gobi Desert. She has also traveled to Mongolia, Madagascar and Peru in recent years and is planning trips to the Andes and Ethiopia. What does this mean for the travel industry? Increasing longevity creates new economic opportunities in the near term. According to a U.S. Consumer Expenditure Survey, consumers age 50+ have accumulated more wealth and have more spending power than any other age group in history. In addition, they spend more than $1.7 trillion on goods and services each year. Read on...

Edward Donaldson

Over the last two years, the value of the US Dollar has significantly declined against foreign currencies significantly deflating Americans spending power abroad. The hotel and travel industries have been among the hardest hit by the drop in the dollar value as exchange rates have kept Americans from traveling to places where the dollar was once king and spending was frivolous. In today's market, room rates and occupancies have been drastically affected by the global economic condition. Small Luxury Hotels of the World sees 65% of their global business originating within the United States, thus making it crucial for member hotels to react to the current economic situation and reach out to the US traveler. With both the British Pound Sterling and Euro at their highest levels in decades, the challenges of hotels in the international markets are not only to maintain business levels but continue growth within them at the same time. Read on...

Robert Mandelbaum

Immediately after a catastrophic event such as Hurricane Katrina, the thoughts of hotel owners and operators go in many directions. First priority is the safety of the guests and employees. Once the human situation is secure, attention then turns to rebuilding the facilities and services of the hotel and getting "back to business." Read on...

Naseem Javed

The corporate teams that are overdependent on research averages often see their marketing fail at a spectacular rate. Their new product introductions seem caught in a revolving door -- what's in and what's out based on "researched" hypotheses that have little to do with actual market behavior. Interest in surveys that purport to identify averages and norms is so great that the myths this type of research spawns are sometimes floated as sophisticated branding and marketing strategies. Read on...

Robert Mandelbaum

Changes in supply and demand patterns are the two factors that cause shifts in the hotel industry cycle. Currently, most hotel owners, operators, and analysts are bullish with regards to the short- and intermediate-term outlooks for the lodging industry. On the demand side, occupied room nights continue to climb despite rising gas prices and multiple hurricanes. Barring an unforeseen catastrophic event, our PKF Consulting/Torto Wheaton Research Fall 2005 Hotel Outlook forecast calls for growth in demand each year from 2005 through 2008 at a 2.5 percent compound annual growth rate. Read on...

Naseem Javed

Giving consumers the tools for aerial scanning and three-dimensional mapping of the world -- allowing them to fly by their neighborhoods or make a detailed inspection of far away places -- is radical. Air Google makes it possible to inspect hotels and vacation destinations, conduct market research, spy, carry out competitive surveillance, hunt for a job, trade property, study ecologies, jog trails and fish streams, among at least a million other things -- virtually. Silicon Valley's current enfants terrible - Google's brilliant duo -- have given the global populace wings to soar over towns and cities, and the flights include everything except peanuts. Fasten your seat belts. Read on...

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Coming up in July 2019...

Hotel Spa: Pursuing Distinction

The Wellness Movement continues to evolve and hotel spas continue to innovate in order to keep pace. Fueled by intense competition within the industry, hotel spas are seeking creative ways to differentiate themselves in the market. An increasing number of customers are searching for very specific, niche treatments that address their particular health concerns and, as a result, some leading spas have achieved distinction by offering only one specialized treatment. Meditation and mindfulness practices are becoming increasingly mainstream as are alternative treatments and therapies, such as Ayurvedic therapies, Reiki, energy work and salt therapy. Some spas specialize in stress management and offer lifestyle coaching sessions as part of their program. Other spas are fully embracing new technologies as a way to differentiate themselves, such as providing wearable devices that track health and fitness biomarkers, or robots programmed with artificial intelligence to control spa environments, or virtual reality add-ons that transport guests to relaxing places around the world. Some spas have chosen to specialize in medical procedures such as liposuction, laser skin therapy, phototherapy facials, Botox and facial fillers, acupuncture and permanent hair removal, in addition to cosmetic body shaping procedures and teeth whitening treatments. Similarly, other spas are offering comprehensive health check-ups and counseling services for those who are interested in disease prevention treatments. Finally, as hotel spas continue to become more diverse, accessible and specialized, there is a growing demand for health professionals with a specific area of expertise. There is a proliferation of top class, quality wellness practitioners who make a name for themselves by offering their services around the globe, including athletes, chefs, doctors, physical trainers and weight loss specialists. The July issue of the Hotel Business Review will report on these trends and developments and examine how some hotel spas are integrating them into their operations.