Hospitality

In the digital age, Artificial Intelligence (AI) has left a significant mark on various sectors, and tourism is no exception. In particular, accommodation platforms like Airbnb have harnessed the power of AI to revolutionize the way people book and enjoy their travel experiences. But, do you know how this innovative tool is contributing to the development of tourism today? Personalized recommendations. One of the greatest benefits of AI in tourism is its ability to provide personalized recommendations, and that is that platforms such as Airbnb or Vico use AI algorithms to analyze data such as preferences, travel history, and user search patterns, capable of to offer accommodation options and tourist experiences adapted to the interests and needs of each traveler. Improvement in price management. By analyzing supply and demand in real time, AI systems adjust prices based on market availability and demand. This allows for greater flexibility and price competitiveness, ensuring that travelers get fair fares and providers maximize their revenue. Automated customer service. Through chatbots and virtual assistants, AI provides quick and accurate responses to traveler inquiries and requests, as these automated systems can provide booking information, fix common issues, and offer recommendations, thus enhancing the customer experience with efficient answers and available

Hospitality

At present, community tourism has become an attractive form of investment for many investors. By investing in community-based tourism, investors not only have the opportunity to earn financial gain, but also to have a positive impact on society and the environment. This type of activity focuses on promoting the economic and social development of local communities through sustainable and responsible tourism, through the inclusion of local communities in the development of sustainable tourism activities and projects. One of the most common ways to invest in it is through the purchase of tourist properties. This includes the acquisition of hotels, guest houses, restaurants and other tourist establishments. In this sense, local communities are the main beneficiaries of the tourist activity, since they are given the opportunity to develop and offer unique tourist products, such as nature tours, craft workshops, traditional foods, among others, which allow the visitor to experience the local culture in an authentic and genuine way. In conclusion, community tourism is a tourism alternative that seeks to promote sustainable and responsible development of local communities, while providing an authentic and enriching experience to travelers. In this way, a conscious travel style is encouraged that supports both local communities and the preservation of the

Hospitality

Travel is back despite years of pandemic-related hardships, and neither inflation nor still-recovering economies seem to be slowing it down. Just last year, air travel soared to 70 percent of its pre-pandemic levels worldwide. Hospitality was also booming across the globe, as hotel occupancy averaged almost 70 percent last summer–a 5 percent increase from summer 2019. While tourism is booming overall, high-end travel is standing out as the current sector to watch. In 2021, the market was worth $638.2 billion globally. By 2031, it’s projected to hit $1,650.5 billion. This year, luxury travelers are expected to spend 72 percent more on airfare, experiences, and accommodations than they did before the COVID-19 era. Specifically, these travelers plan to spend an average of $5,000 per person on their next luxury vacation. Factors driving luxury travel While the pandemic threw a wrench in the tourism industry, it might ironically be one of the keys to its current resurgence. Many tourists are making up for years of lockdowns, restrictions, and social distancing by booking their dream vacations–and they are willing to shell out big bucks to make that dream come true. In fact, almost half of the participants in a recent survey specifically cited lost time during the pandemic as their reasoning behind plans to spend more

Hospitality

In recent years, the hotel industry has experienced a boom in the construction of luxury hotels around the world. And although it is often assumed that these properties belong to local investors, the reality is that various countries that invest in this type of hotel also come into play. According to a study by the World Travel and Tourism Council published by HostelTur, China is one of the leading countries in luxury hotel investment. With an ever-growing middle class, domestic tourism has increased significantly in recent years, and as a result, the hotel market has boomed, attracting the attention of local and foreign investors alike. Another country that has seen an increase in investment in luxury hotels is the United States. In cities like New York, Miami, and Los Angeles, new upscale hotels are being built at a rapid pace. Many of these projects are initiatives by foreign investors seeking to capitalize on the growing market for superior tourism in that country. On the other hand, in Europe, Spain also stands out as a country that has seen a large increase in hotel investment in recent years. Thanks to its warm climate and its beautiful beaches, this territory has become a popular tourist

Entrepreneurship

Adults-only hotels have become more popular in recent years, especially in beach resort destinations and places with high demand for nightlife. These hotels are usually designed to offer a unique and exclusive experience for adults, with features that include swimming pools, bars, nightclubs and a wide range of activities for this specific audience. However, as with any financial investment, there are certain risks associated with investing in these types of hotels. One of the main ones is the volatility of the tourism market, which can be especially unpredictable in times of economic crisis or natural disasters. In addition, these hotels may also be subject to changes in government regulations that could affect their ability to operate or generate revenue. Another factor to take into account is the increase in competition. As more adults-only hotels enter the market, it may become more difficult for any individual property to stand out and attract enough guests to maintain profitability. Additionally, these hotels can be very expensive to operate and maintain, which can further increase costs and reduce return on investment. Finally, there is an inherent vulnerability in any investment in the hospitality sector, as economic conditions, consumer tastes and preferences can change rapidly. Even the most

Hospitality

Food is one of the most important aspects of a place's culture, and many travelers (including me) seek to experience the local cuisine during their travels. The hotels that stand out for their gastronomy are those that offer a high-quality culinary experience and make food an integral part of their guests' stay. In this article, we will explore some of the most outstanding hotels for its gastronomy around the world. First of all, the Ritz-Carlton Hotel in Tokyo has several award-winning restaurants, including the three-star Michelin restaurant, Sukiyabashi Jiro. This restaurant offers a unique dining experience with a high-quality sushi set menu. In second place, we find the Waldorf Astoria hotel in New York, United States. The hotel has several high-quality restaurants, including the famous Bull & Bear Steakhouse, which has been awarded a Michelin star. Mandarin Oriental Hotel in Bangkok, Thailand. The hotel has nine different restaurants, each with its own style of cuisine and atmosphere. Particularly noteworthy is the restaurant Le Normandie, which has been awarded two Michelin stars and offers an exquisite French culinary experience. Finally, we have the Belmond Hotel Caruso in Ravello, Italy. The hotel has a restaurant that has been awarded a Michelin star. The Belvedere restaurant offers

Hospitality

It is evident how the evolution of technology and AI capabilities are modifying the operations of commerce sectors and industries worldwide. Processes are being optimized and companies can offer better products and services to their consumers. Indeed, AI is here to stay and what may now seem surprising, was discovered in something normal in our daily lives. Today I will talk specifically about how this technological innovation revolutionizes the tourism sector and the performance of hotels. Artificial intelligence has numerous applications in the tourism sector, impacting both the consumer experience and the operating model of companies. Let's see a little more: Customer acquisition. With AI it will be much easier to attract customers, where the search system becomes more and more personalized and companies develop marketing strategies that adapt to consumer requests and preferences. Thanks to this, the number of options is reduced, processes are streamlined and recommendations are precisely tailored to the interests of the client. Business plans. The companies base the preparation of their business plan on strategies that improve and stimulate the consumer experience, maximizing competitiveness and aiming at sustainable tourism with the use of new technologies. For example, with the use of artificial intelligence from Google it is possible to optimize campaigns

Hospitality

With the emergence of globalization, the tourism market is becoming increasingly competitive and challenging, the hotel industry is growing exponentially, causing brands to focus on the growth and advancement of their hotels. Thanks to this, hotel brands concentrate their market management on internationalization strategies that promotes the development of their brands in different geographical locations, offering new products and services according to the resources that serve as opportunities. In the hotel industry, market share complicates the distinction of the products and services offered by hotels, causing hotel chains to base their internationalization strategy on management contracts and franchises. This strategy consists of the union of companies with the same level of production to achieve a higher level of reach, distribution and sales in the market. According to this, internationalization has a number of benefits for hotel brands, I will mention some of them below: Competition is reduced, while national and regional prestige is gained. Access to new markets and consumers globally. Resource costs are reduced. Increase the list of suppliers and shareholders by having so much power in the market. Economies of scale are taken advantage of. A good example of a star hotel brand at an international level is the Hilton Hotel & Resorts

Hospitality

The hotel industry is rapidly evolving and with it, the technology. For this new year, major transformations are expected at the technological level that will modify the operation of many sectors, optimizing services and customer experiences. Today, I will talk to you especially about the main technological innovations that the hotel industry will experience this 2023. As a result of the new technologies that are emerging, it is becoming way more challenging to satisfy the expectations and demands of consumers, due to this, the hotel sector has the responsibility and need to keep up to date with new technological trends and  adapt to them to provide a more personalized experience to customers and not failing on the face of the competition. In this sense, I will point out some of the main technological trends that the hotel industry offers and that transform the way they provide exclusive experiences to their guests. Contactless payments. This technological trend is very relevant, as it simplifies the transaction process, making it much more convenient and faster. The hotel industry, like many others, has considerably benefited  from the technology of mobile phones and wearables, enjoying the advantage that customers can make their payments without the need to carry