Global Hotels: Catering to a New Traveller

Introduction

Scope

Key findings

Global and regional performance

Global tourism flows continue growth

Business travel registers strong growth

Hotel sales register positive performance

Asia Pacific drives hotel value sales growth

Case study: Potential for growth in Chinese lodging spending

Chinese spending on lodging is conservative

China shows strong growth potential

China domestic hotel market shows budget preference

Political developments encourage Chinese long haul travel

Increased Chinese spending on lodging expected

Competitive landscape

Global players hang on to their ranking

Little movement at the top

Marriott targets millennials to prepare for future

Clear focus on technology to lure millennials

Hilton focuses on authenticity and local flavour with new brands

Intercontinental boosts boutique portfolio

Starwood performance starts speculations of takeover

Wyndham and Intercontinental front-runners for takeover bid

Starwood innovates to keep portfolio appealing

The Impact of Peer-to-Peer

Sharing grows into travel accommodation

Private rentals shaking up lodging

Mid-market hardest hit by peer-to-peer rise

Hotels jump on peer-to-peer bandwagon

Future growth particularly in peer-to-peer supply

Objectives and challenges for peer-to-peer platforms

Case study: Airbnb and HomeAway draw swords

HomeAway and Airbnb register astronomical growth

P2P platforms have hotels in sight

Airbnb at the forefront of legal battles

HomeAway changing its business model

Cracking China remains a dilemma

Future focus on high-end as peer-to-peer goes luxury

Future performance

Stable economic outlook benefits travel industry

Mixed bag for hotel industry in prospect

Asia Pacific main draw for hotel companies

Country future performance

Trends to watch

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