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Adobe Digital Index’s 2016 Travel Report has revealed good news for hoteliers: Americans spend more on summer travel than on holiday shopping. Travel spending is expected to reach $3.05 billion over Memorial Day weekend, while Cyber Monday sales only reached $2.98 billion. To read more, click here.

“Consumer Mega-Trends Impacting Hospitality,” a study by Sabre Hospitality Solutions and TrendWatching, identified six major hospitality trends, including the “youniverse,” where guests’ personal preferences reign supreme, and “helpfull,” the idea that brands that make travelers’ lives easier will win future consumers. Access the report here.

Despite a booming lodging industry, financing for purchase, construction and improvement plans still can be hard to find for hotel owners. U.S. Small Business Administration 504 loans can bridge the gap with low interest rates and as little as 15 percent down. Learn more about SBA 504 hotel loans.

Brought to you by TMC Financing

According to STR, London’s luxury hotels have taken a huge hit in recent months, with the city’s most expensive hotels only 65 percent occupied from January through March. This has been the city’s worst year since a global recession in 2009, as wealthy travelers feel anxieties vacationing due to security concerns. Read more here.

Airbnb has debuted a pilot program called Sonoma Select, which will highlight the company’s push to offer a hospitable, hotel-concentrated experience. The model is intended to begin in July and its focal point will be a select number of highly-rated listings in Sonoma, Calif. To read more, click here.

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