How Industries Change. As people spend more on vacations and business trips, managing these risks is critical. Year after year, this event brings together a strong showing of hotel owners, operators, developers, investors, managers, and employees, as well as experts in government affairs and others interested in the lodging industry. The future of mobility is connected. Article - Hotel Industry Current and Future Trends. The growing sophistication of technology and climate change will impact the hotel industry in the future. However, before we can predict the future of the industry, it's important to understand the current trends in the hospitality industry and how it grew into the billion dollar industry it is today. 0KB) 2018 Gender Employment Projections Report (Word) (116. Key Challenges Facing the Hospitality Industry. There is always excitement at the beginning of a new year, with renewed hopes of health, wealth, and happiness. Future Hospitality Industry Trends April 16, 2015 hofmannfdz Leave a comment As Millennials will become the core staff in the hotel industry in the next five to ten years, they will also be the number one clientele in airlines, hotels and travel companies. Hospitality has long been synonymous with the hotel industry. com ©International Journal of Research -GRANTHAALAYAH [1-8] EMERGING TRENDS IN HOSPITALITY AND TOURISM Dr. From festival founders to promoters who manage more than 1,000 concerts each year, here are their predictions. 12 million in CY 2018 (up to February). Currently, Australians are making their preferences known by heading off overseas in droves. Future of business travel and leisure travel. Hearing about new technologies and emerging social behavior is always engaging when it comes to TV programs and once-a-year magazine pieces. The Index offers a fascinating look into the hotel industry and plenty of neat infographics. The explosion of Internet.



Whether it is a massive hotel chain or a single boutique hotel, hoteliers cannot ignore these latest trends that are emerging in the hospitality industry. In 2017, we uncovered a range of food trends changing the hospitality industry. We look at nine tech trends that are reshaping how we travel. Growing trends include a focus on mental health, digital detoxification and ethical living. One magnet for this segment is Delhi’s Aerocity, which will soon have 11 hotel properties; two are open already. Four factors that affect the success of the hospitality industry and that managers cannot control demographic trends,social trends, lifestyle trends, and technology trends Four types of trends affect the hospitality industry. The sector recognises the demand to offer a platform that users are familiar with — and the demand for an easier, quicker process that digital technology can deliver. The future of mobility is connected. Trends in technology, entertainment, energy and science will vastly change. Top 5 trends for food and beverage industry businesses in 2018 (Video) To learn more about the trends surrounding the food, beverage and other consumer products industries, join RSM on Feb. use industry intelligence to inform decision making. The future of the hospitality industry: Everything and everyone is improvising. But how are travelers behaving and what can we expect for the next year? The folks at Killarney Hotels created this cool infographic that summarizes many findings and observations about the global hotel industry, in particular as we head into 2016. This new breed of domestic travellers is shaping the future of China’s hospitality industry towards experiential travelling and hotels. The findings reveal that markets, channels and technology are changing the way consumers will purchase food over the next 15 years, which may bring significant change to manufacturing and sourcing. As for the consumer side, the first expectation is that numbers will grow. These innovative hotel design trends will wow hospitality guests. The travel industry is extremely competitive, you cannot afford any downtime on the server, so the cloud service helps you to become always available 24*7. New and Emerging Hospitality Technology Trends in 2018( Part 2) February 7, 2018 Kashmira Lad In our second blog on hotel technology trends, we took a quick look at the technologies in use and how these can help increase revenue while creating a favorable impression on the minds of the guest. Virtual Reality (VR) and Augmented Reality (AR) The use of VR and AR is starting to take hold in travel industry content marketing and is providing new ways of engaging customers at each stage of their travels.



While today’s hotel rituals–booking rooms, booking a meeting, reserving a table for dinner,. And for good reason: in the hospitality industry, energy consumption is the largest utility cost of all. The hotel industry continues a run of strong performance and is projected to sustain strong 5 percent to 6 percent growth throughout 2018. batinic@email. Food of the future worms, grasshoppers, or human flesh: Joint Mekong Forum - GMS Logistics Forum 2019 to Highlight GMS Logistics Development: The 15th Food and Hotel Indonesia to Promote New Form of Hospitality and Culinary Trends: HML's Think Before Plastic initiative wins UFI Sustainable Development Award 2019. com, Sagar Chitre, Principal, ITM IHM, shared insights on the major trends that are changing the hospitality industry. How the Hotel Industry Views Its Future (and Airbnb) A conversation with the editor of Hotels , a trade publication covering full-service and luxury lodging Joe Pinsker. The sector recognises the demand to offer a platform that users are familiar with — and the demand for an easier, quicker process that digital technology can deliver. By There is the expectation that autonomous vehicles will be able to communicate with each other at some point in the future, reducing the number. Rather, the Lausanne Report is the starting point in a new era of collaborative reflection with our prominent faculty members. Among the trends spotted: Cautious optimism about the economy: American hoteliers were somewhat positive about the nation’s economic recovery; echoing that caution, 15% of them planned to increase their staffs in the coming year. This report forecasts revenue growths at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2014 to 2025. Takeaway: Information is the key to the future success of the hospitality industry. tourism (HCT) sector and its general trends in and more specifically on the hotel and restaurant subsector which the industry quite often also describes as accommodation and hospitality (Chapter 1); to discuss recent developments for the sector within the context of the global economic and financial crisis (Chapter 2);. Hospitality Industry Trends 3 THE FACE OF TOURISM AND HOSPITALITY IS CHANGING Global tourism business • According to the World Travel & Tourism Council, the Travel and Tourism industry is currently among the largest and fastestgrowing industries worldwide, forecasted to support 328 million jobs, or 10% of the workforce, by 2022.



Failure to do so can result in rivals gaining a competitive advantage, while it can also negatively impact upon the customer experience, potentially harming your reputation as a result. The latest Tweets from Hospitality Trends (@hoteltrends). above the basic need. Indeed, the 2015 edition of Trends in the Hotel Industry found that "electricity is the largest utility expense comprising 60 percent of total expenditures. Reportlinker. Indoor Gardens: A Hospitality Design Trend to Bring Peace to Interiorscapes. However, before we can predict the future of the industry, it's important to understand the current trends in the hospitality industry and how it grew into the billion dollar industry it is today. For the longest time, the hospitality industry has been this stable, undisturbed market where progress is steady and revenue is pouring in consistently, year in and year out. To understand recent trends in hotel food and beverage departments, PKF-HR studied the financial performance of hotel restaurants, lounges, and catering departments for the period 2000 to 2010. We’ve heard a lot of speakers on the hype involving the industry, but have never seen one put into perspective the future in such a fun,motivating but most important, strategic fashion. What is new is the extension of those capabilities to cheaper and more ubiquitous devices. Together, their responses provide insights about these innovations, including. Chatbots & Artificial Intelligence. This industry has a low injury rate, at 4 incidents per 100 workers in 2012. The development of this kind of user-friendly translation technology could be a game changer for the hospitality industry. August 8, 2016 Champaign Williams, National Editor Want to get a jump-start on upcoming. Essences the transformation of the hotel industry is changing its approach to concentrate more focused on the customer and brand insentive.



It seeks to examine the current trends in the hospitality and tourism industry, bring to light the challenges faced by the hospitality and tourism industry and lastly critically analyse the future. 8 talent management trends for 2018. It’s no different in the limited-service industry, where brands are studying up on potential trends for the next 12 months to ensure a prosperous 2014. – November 2, 2016 – The American Hotel & Lodging Association (AHLA) today released the 2016 Lodging Survey—the definitive industry review examining the top trends in the hotel industry. Calum McIndoe, Sales Director of Infor Hospitality explores the six technology trends revolutionising the hospitality industry. embrace new cultures. hotel industry’s top executives, consultants and academics what they think is driving the hotel industry over the short, medium and long-term. Interested in the hotel industry? Find out the trends and insights of one of Australia's booming sectors and spot your next investment opportunity. Top 5 trends for food and beverage industry businesses in 2018 (Video) To learn more about the trends surrounding the food, beverage and other consumer products industries, join RSM on Feb. Luxury hospitality is a fast-growing market, especially with the growth of tourism and travel industry. The future for the hotel industry looks bright, forecast for a strong 2017 and beyond, with demand growth expected to outpace supply growth through at least 2020. To help prepare its members and the profession for the future, IFMA periodically conducts a trend forecasting workshop with a panel of industry experts to identify the emerging trends and issues that will influence facility management in the coming years. 2 percent of global GDP. Whether you own, develop, or design hotels, be sure to keep in mind the following four sustainability trends in the Hospitality industry when you are working on your next development or renovation. Indian Tourism and Hospitality Industry Analysis. Bed and Breakfast Inns. Now the fun begins as we watch hospitality industry trends continue from 2017 and watch new ones emerge in 2018. Virtual Reality (VR) and Augmented Reality (AR) The use of VR and AR is starting to take hold in travel industry content marketing and is providing new ways of engaging customers at each stage of their travels. Year after year, this event brings together a strong showing of hotel owners, operators, developers, investors, managers, and employees, as well as experts in government affairs and others interested in the lodging industry.



Chitre feels that the dynamism of the hospitality industry requires hotel organizations to invest in solutions that create personalized guest experiences and augment guest loyalty. Lines between industry segments will. Calum McIndoe, Sales Director of Infor Hospitality explores the six technology trends revolutionising the hospitality industry. The Indian Hospitality Industry: Dynamics and Future Trends (Advances in Hospitality and Tourism): 9781771885799: Economics Books @ Amazon. 7 The collaboration between the international Italian fashion label Missoni and The Rezidor Hotel Group heralds, as the Missoni. Hotel and Hospitality Industry Trends. Tags: hospitality industry, hospitality issues 2017, hospitality trends. com Skip to main content Try Prime. Trends that will make the biggest impact on quick service this year. Specifically, this report presents the future challenges, demand drivers and upcoming innovations which can have a considerable impact on the global demand patterns for the passenger and. hotel industry's top executives, consultants and academics what they think is driving the hotel industry over the short, medium and long-term. According to Butler (2008), “green or sustainable development will be the new. Similar to 2018, bold and exotic flavors, snacking, and health and wellness are still in the forefront for consumer food preferences, but in an even more elevated way. Smart rooms Almost 5,000 rooms at Wynn Las Vegas are already voice-activated via Amazon Echo. As defined by the Council on Hotel, Restaurant and Institutional Education, it also includes food services, recreation services, and tourism. And to shape the future of hotel technology. The Future of Airbnb: Impact on The Hotel Industry And on Our Cities. While facing these employment challenges and changes to immigration policies, the hospitality industry found employment solutions often times through immigrants. Trends in technology, entertainment, energy and science will vastly change. Virtual Reality.



Restaurant industry getting caught in. Top 10 food and beverage industry trends — and why they matter Big Food builds its future on investing for growth; Western Foodservice & Hospitality Expo Los Angeles,. In fact, as per a recent study conducted by Ideaworks Company, Wyndham Rewards is touted to be the most-rewarding loyalty program in the U. In markets where year on year growth is expected to be exponential, tapping on these hot new trends will be the key to maximize revenues. SWOT analysis of hotel industry in this regard can provide a thorough insight to whether or not the industry is contributing towards the achievement of its goals. This report forecasts revenue growths at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2014 to 2025. The sector has evolved at a remarkable pace and is set to continue this course. Hospitality Industry Experts Share Trends, Insights and Predictions for 2018 A roundup of hospitality industry trends from hospitality consultant and expert Micah Solomon By Micah Solomon Customer. Global hotel and resort operator of luxury properties with several major international brands and operators. Natural disasters and weather changes, as well as transportation services and consumer protection laws, all. Future trends and how to use them for business strategy People love to think about future trends. Visit our hospitality solutions page to learn more about the technology that can help your hotel create state-of-the-art meeting space. 8 trends sparking the hospitality sector. In other words, tourists now look for comfortable, simple,. The emergence of a new travel design science, which is a combination of using big data, artificial intelligence and predicting travelers’ dreams, will mean the whole travel experience will change. Industry market research reports, statistics, analysis, data, trends and forecasts.



Virtual Reality (VR) and Augmented Reality (AR) The use of VR and AR is starting to take hold in travel industry content marketing and is providing new ways of engaging customers at each stage of their travels. future-proof solution for the hospitality industry. Employed by hotel properties. By providing people with consistent resources and honest. It's an exciting time to be a part of such a fast-moving industry and hotels can benefit from taking advantage of the new trends that are shaping it. A number of types of new technology were developed to deal with fire and safety issues. HOTELS 2020:What the hotel industry will look like in 10 years' time A new survey paints a vivid picture of the future of the hotel industry where guests are centre stage and technology plays a key role. The hospitality industry worldwide has come a long way, witnessing stupendous growth year on year and with revenues pouring inconsistently. Hotel Technology News is published by Starfleet Media, a leading resource for the hospitality industry. Travel Trends. However, with an impressive 1 billion users to delight and impress, you can’t afford to miss out on the latest Instagram marketing trends either. The landscape of the hospitality industry is shifting. NEW YORK, Nov. “People looking to break into the hospitality industry need to know there are two sides of it, one is the operational side -- which is really front-line work -- and the other side is corporate,” says Jonathan Galaviz, chief economist for Galaviz & Company, a Las Vegas-based travel and leisure consulting firm. * By 2020, robotics is a $100 billion industry, equivalent in size to the worldwide medical tourism industry in 2012. The hotel industry continues a run of strong performance and is projected to sustain strong 5 percent to 6 percent growth throughout 2018. 10 trends impacting the insurance industry. Embracing innovation and technology is essential to creating a better marketing strategy oriented to millennials. In 2019, the evolution of technology and shifting attendee expectations will continue to redefine current trends in the event industry.



Tourism and Hospitality industries seem to be undergoing a renaissance despite forecasts of economic gloom. The hotel industry continues a run of strong performance and is projected to sustain strong 5 percent to 6 percent growth throughout 2018. Their expectations are high. With so much happening inside the industry, what major business trends should food and beverage companies focus on for 2019? Changing consumer preferences. In UK, the hospitality industry has encountered huge growth as they appreciate each and every culture and make a very good relationship with the different races and religions. The landscape of the hospitality industry is shifting. 8 wellness trends in 2018 that the hospitality industry should be tapping into Last Updated: April 9, 2018 Alice Tate Posted in: INDUSTRY TRENDS Tagged: Hotel Wellness , meditation , Mindfulness , moringa , natural beauty , organic food , rest , self-care , sleep , sleeping well , tuning out the tech , unplug retreats , wellness practices. An obvious one for the hospitality industry to really hone in on: sleep is a top topic. Hospitality Industry Outlook - Let the Good Times Roll for Now. For event planners and venues, these 19 event and hospitality trends will be front and center. HOTELS 2020:What the hotel industry will look like in 10 years' time A new survey paints a vivid picture of the future of the hotel industry where guests are centre stage and technology plays a key role. As technology makes giant strides in hospitality, so does the importance of each opportunity to interact with hotel guests. This book is research-based and combines cutting-edge trends with a look into the future of hospitality marketing as an industry. Hughey Abstract: It is important that education and training programmes align with the needs of the professions they are designed to support. 10 Food and Beverage Trends: the Next Big Bang for the Buck. Outsourcing saves hotels on benefits, and some hotel industry insiders say it helps lower-tier (two- and three-star) hotels provide a service they couldn't otherwise afford. hospitality industry has been challenged with finding both skilled and unskilled labor, lowering turnover and making the industry more attractive to potential employees. Skift's "Future of Hospitality Entrepreneurship" trend report takes a closer look at how the five key trends outlined in the following pages are shaping the industry today.



Hospitality Management 18 (1999) 427}442 Operational issues and trends in the hospitality industry Peter Jones School of Management Studies for the Service Sector, University of Surrey, Guildford, Surrey, UK Abstract This article makes some predictions about the future by considering operational issues in the "rst part of the next century. 49 million jobs while the hotel industry is responsible for almost 2. The Top Hospitality Industry Trends of 2018 January 09, 2018 / Nicole Kaes We may only be a week into 2018, but trends in the hospitality industry have been emerging since last year. The global hotel industry bottomed out in 2009 and a recovery is under way. Mintel’s expert Foodservice analysts have identified four trends set to hit the mainstream in the US Foodservice industry in 2019. Over the years, many businesses have depended on the skills of hundreds of thousands of EU citizens to provide their services. Hospitality Industry Trends 3 THE FACE OF TOURISM AND HOSPITALITY IS CHANGING Global tourism business • According to the World Travel & Tourism Council, the Travel and Tourism industry is currently among the largest and fastestgrowing industries worldwide, forecasted to support 328 million jobs, or 10% of the workforce, by 2022. It would be remiss of us not to pay some attention to the way that social media has transformed the way marketing works in the travel industry. These changes are being felt worldwide, and the hospitality industry is certainly not immune. Here are some that will hold true for your hotel in the future. Delegates at the inaugural Boutique Hotel Summit, Europe’s first b2b conference for the boutique and lifestyle hotel sectors, enjoyed a lively discussion about the future direction of the sector, with a panel of leading industry figures sharing their 10 top trends and buzzwords for the boutique market. What are Future Trends of the Hospitality Industry? In the past we have looked at such topics that have included the importance of mission statements, setting up your organization, ways to wow your customers, and ways to make your property unique. Restaurant Hospitality looks at new and innovative food and beverage items trending across the independent Top Stories & Latest Trends Eat Beat eNewsletter delivers menu and management tips from the editors of Restaurant Hospitality right to your inbox. Healthcare technology is always changing and evolving. We are now at the halfway point for 2018, and the future of the hotel industry looks brighter than ever. In the near future, technological advances will force the industry to move a little faster in their response to trends. This book is research-based and combines cutting-edge trends with a look into the future of hospitality marketing as an industry. The Future The challenges of the global food supply chain will continue to present numerous opportunities for food processors.



A number of types of new technology were developed to deal with fire and safety issues. This paper aims to identify the challenges facing established universities in tourism and hospitality education and to provide insight of how these could be managed in the future. “The serviced apartment industry is on the cusp of big things, with an exciting future ahead,” he said. Now that 2018 has arrived, new trends and changes in the the event industry are already rumbling underfoot. batinic@email. Touchscreen and Tabletop Devices. 1 Factoring in indirect economic contributions, travel and tourism now accounts for a staggering 10. Keynote on future travel industry trends for American Express / TAP in Moscow, by Patrick Dixon, conference speaker. Chatbots & Artificial Intelligence. Trends in technology, entertainment, energy and science will vastly change. Chinese or European). Research by Peter O'Connor, IDeaS, Revinate and SiteMinder shows little progress planned for future advancement within hotel technology. Hotel revenue management trends move fast. The landscape of the hospitality industry is shifting. The future of the hospitality industry: Everything and everyone is improvising. The first scheduled flight to carry a paying passenger took to the clouds back in 1914; a century later, air passenger numbers are expected to hit 3. By understanding these drivers we aim to deliver technology that will enable our customers to achieve their objectives.



Our focus is on the experiences that are inspiring consumers to book trips and see the world, as well as the markets behind these and the powerful industry shifts in the background. Global hotel and resort operator of luxury properties with several major international brands and operators. The third dimension, “luxury as non-necessities”, defines luxury as something. Big Data Analytics In Tourism Overview And Trends Analysis Analysis This Big Data Analytics In Tourism Overview And Trends Analysis market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. The face of the industry has undergone massive transformation recently, owing to rapid advancement in technology and subsequently consumer behavior. Future Trends in the Hospitality Industry: Millennials and Social Media Rule October 12, 2016 / 0 Comments / in Growth Hacking / by Judy Caroll For the longest time, the hospitality industry has been this stable, undisturbed market where progress is steady and revenue is pouring in consistently, year in and year out. The New Gold Standard by Joseph Michelli : This book is focused on creating a "legendary" customer experience based on the practices used by the Ritz-Carlton luxury hotel company. With the help of technology, the travel and hospitality industry reached more people than ever before and as a result, travellers are younger, better informed and more tech-savvy. hotel industry with an average return of 16. Food-truck revenue jumped at an annual rate of 7. To get a handle on these and other burning questions, DAYSPA orchestrated a roundtable- style discussion with seasoned veterans who’ve seen the industry through countless trends, both passing and game-changing. Global travel industry gross bookings reached $1. From a total quality management standpoint, trends include broader adoption of quality management principles across. Essences the transformation of the hotel industry is changing its approach to concentrate more focused on the customer and brand insentive. While today’s hotel rituals–booking rooms, booking a meeting, reserving a table for dinner,. The index provides comprehensive, data-driven insight on the U. The average employee in the hospitality industry works part-time, just over 25 hours per week.



Virtual Reality (VR) and Augmented Reality (AR) The use of VR and AR is starting to take hold in travel industry content marketing and is providing new ways of engaging customers at each stage of their travels. Offer More Eco-Friendly Amenities. In an ever-changing hospitality industry, it is important to keep up with the trends. While there are many big trends noticeable in the hospitality industry, here are a few we're seeing as the biggest game-changers of 2017. Embracing innovation and technology is essential to creating a better marketing strategy oriented to millennials. Scroll down for what we think you should know about travel and tourism in 2018 and beyond. Find the latest stories on innovation in the construction industry from Redshift. These 10 trends will continue to challenge, disrupt and entice the industry. Not just because it has created one in five new jobs since 2010 and aims to generate a further 100,000 new jobs by 2020, but because it has grown to be the fourth largest industry in the UK. What are Future Trends of the Hospitality Industry? In the past we have looked at such topics that have included the importance of mission statements, setting up your organization, ways to wow your customers, and ways to make your property unique. The food industry is an evolving industry. In CY2017, foreign tourist arrival in India stood at 10. The restaurant industry worldwide is a mature market "with little room to grow, with prime locations taken". The travel industry is extremely competitive, you cannot afford any downtime on the server, so the cloud service helps you to become always available 24*7. Two of the trends focus on entrepreneurs looking to start new companies, examining the growth of the ecosystem developing around accommodation-sharing and.



Vacation ownership is one of the most evolving and profitable sectors in the hospitality and leisure industry. Gallup's 2014 Hospitality Industry study analyzed six distinct segments of the hotel market -- luxury, upper upscale, upscale, upper midscale, midscale, and economy -- to discover what guests really want from hotels. The review of literature also provides perspectives from the hospitality industry professionals as well as those from educational professionals. Once long ago, hotels, motels and other hospitality businesses occupied a fairly simple space in people's lives—they were a place for guests to lay their heads away from home. The sector has evolved at a remarkable pace and is set to continue this course. Tabletop devices are a popular new technology in the food industry. Two of the trends focus on entrepreneurs looking to start new companies, examining the growth of the ecosystem developing around accommodation-sharing and. Here’s a look at what FROSCH thinks will be trending for the hospitality industry in 2016. As 2016 gets underway, here’s a review of three of the biggest predicted trends, and how they are shaping hospitality management degrees. These innovative hotel design trends will wow hospitality guests. In UK, the hospitality industry has encountered huge growth as they appreciate each and every culture and make a very good relationship with the different races and religions. Foodservice Trends 2019 Social and environmental responsibility and technology-enabled customer service are key areas set to impact the US restaurant industry in 2019. Hospitality industry can be empirically divided into two parts: entertainment areas like clubs and bars, and accommodation. Takeaway: Information is the key to the future success of the hospitality industry. This section reviews research on environmental sustainability practices in the hotel and event sectors of the hospitality industry. Hotels consume energy for HVAC operations, lighting, fuel and other power needs. Growing trends include a focus on mental health, digital detoxification and ethical living. The hospitality industry is optimistic and expects a brighter and better trend. The Future of the Hotel Industry in 2020: A session with Peter O’Connor. The hospitality industry worldwide has come a long way, witnessing stupendous growth year on year and with revenues pouring inconsistently.



In a recent survey of 141 businesses by the NFU Mutual, some 45% said they were now deeply concerned about future skills shortages. The explosion of Internet. Future research topics on hospitality and tourism education The six facets shown in the previous section will remain prominent and continue to be researched in the foreseeable future. The majority of the paper is a discussion of the chosen. you need to understand how your whole industry is changing. However, before we can predict the future of the industry, it's important to understand the current trends in the hospitality industry and how it grew into the billion dollar industry it is today. 6 trends that will shape the hospitality and foodservice sector in 2018 Posted by David Jackson / 22-Nov-2017 Whether you're running a global foodservice business or a boutique hotel, staying ahead of the curve on the latest trends is of critical importance. UKHospitality in collaboration with ITN Productions has launched its news and current affairs-style programme exploring our rapidly growing hospitality industry that is contributing immensely to the UK economy and hugely supporting employment of our future generations. The UK’s restaurant industry is diverse. Whether you own, develop, or design hotels, be sure to keep in mind the following four sustainability trends in the Hospitality industry when you are working on your next development or renovation. According to travel industry sources, sometime between now and 2020, millennials (born between 1980 and 2000) will comprise the largest spending demographic in tourism travel. The travel industry is extremely competitive, you cannot afford any downtime on the server, so the cloud service helps you to become always available 24*7. Four factors that affect the success of the hospitality industry and that managers cannot control demographic trends,social trends, lifestyle trends, and technology trends Four types of trends affect the hospitality industry. The Future Food and Beverage Industry. " And smart technology is helping hotels manage and reduce their energy costs in.



Trends in technology, entertainment, energy and science will vastly change. But how are travelers behaving and what can we expect for the next year? The folks at Killarney Hotels created this cool infographic that summarizes many findings and observations about the global hotel industry, in particular as we head into 2016. And yes, there are no signs that the event tech juggernaut will be stopping next year. By understanding and embracing the digital trends in this article, you can stay competitive in the hospitality industry and even gain an advantage over some of your competitors. In fact the millennial generation will drive most of the hospitality industry trends in the foreseeable future. All of the trends mentioned can help to improve the customer experience, enhance your reputation for customer service and/or optimise revenue generation. According to research conducted by the Even Hotels brand, wellness-minded travellers represent about 40% of all travellers, yet up to 17 million of these travellers find it difficult to stay active and to eat right while traveling. Hospitality Industry Foundations - provides the "big picture" of the industry. To help prepare its members and the profession for the future, IFMA periodically conducts a trend forecasting workshop with a panel of industry experts to identify the emerging trends and issues that will influence facility management in the coming years. (Source: Compensation Cost Trends) Work-related Fatalities, Injuries, and Illnesses. It’s no different in the limited-service industry, where brands are studying up on potential trends for the next 12 months to ensure a prosperous 2014. Five Trends That Are Dramatically Changing Work and the Workplace ©2011 Knoll, Inc. At the simplest end of the spectrum, it can mean being able to track food delivery or texting or messaging in app with guests, and taken to an extreme, robots acting as servers or delivering room service. Current Issues in Hospitality and Tourism. read They’re just too good to be true. Barry Minkin, futurist, global management consultant and author of Future-in-Sight: The 100 Most Important Global Business Trends, sees the global economy "in a protracted decline through 2025". Door locks are some of the oldest - and worst - technologies used in the hotel industry today. We’re always watching for new trends in the spa and wellness industry. SWOT analysis of hotel industry in this regard can provide a thorough insight to whether or not the industry is contributing towards the achievement of its goals. Future Trends In Hospitality Industry.