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With EV adoption in the UK tripling over the last three years , driven by the government’s ambitious plan to ban new ICE (Internal Combustion Engine) vehicle sales by 2030, now is as good a time as any for hotels to get involved. Projections show that there will be 1.4
In 2025, this trend is set to accelerate as AI continues to reform revenue management and guestsatisfaction. Direct bookings remain a priority for many hotels, as they provide greater control over pricing and guest data while reducing dependency on intermediaries.
The partnership marks the first-ever standalone glamping investment from a public REIT in the segment, which has a 14% forecasted revenue CAGR from 2022-2030, and represents a major step in the maturation of the alterative accommodation market to the institutional level, according to the companies.
AI technology is already having a massive impact on society, and a recent report from PwC estimates AI could add nearly $16 trillion to the global economy by 2030 and account for nearly half of all economic gains through product enhancements, increased consumer personalization and affordability over time.
A study by PwC predicts that the most significant boosts to GDP from AI will be in China (26% in 2030) and North America (14.5%), totaling a staggering $10.7 It will diversify income streams, maximize the profitability of each guest, and contribute to improved guestsatisfaction. from 2021 to 2026.
This shift towards direct bookings will result in less reliance on OTAs, backed up by Skift Research which predicts direct digital channels will be the dominant distribution channel for hoteliers by 2030. More than 74% of hotels report using some form of data analytics to drive decision-making processes.
Budding professionals can take advantage of: Dynamic growth opportunities: Dubai’s hospitality sector is experiencing rapid growth, with 25% growth expected by 2030 , driven by ongoing infrastructure development, innovative projects, and increasing tourism arrivals.
from 2023 to 2030. Prioritizing it enables hotels and resorts to improve guestsatisfaction, loyalty and overall brand reputation. Businesses are increasingly recognizing the critical role of CXM in driving growth. The global CXM market, valued at $14.0
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