A new report from Expedia-owned travel management company Egencia and travel industry researcher Phocuswright indicates that artificial intelligence (AI) is poised to have a huge impact on corporate travel. Research predicts that within three years, AI will facilitate smarter and more efficient travel. To read more about the long-term affects of AI, click here.
A leading Chinese property developer and operator has partnered with Starwood Capital Group to launch a joint hotel venture in China. The developer, Shimao Property Holdings, will own 51 percent of the venture, with Starwood owning 49 percent. The partners plan on developing, operating, and branding assets in the Chinese hotel market, which is currently in the midst of remarkable growth. To read more about this new partnership, click here.
By analyzing data from web searches that took place between Jan. 19 and March 11, 2017, trivago has released an overview of spring 2017 trends in hotel booking. The report includes how much guests are willing to pay per night, how location impacts prices, and where guests are looking to travel to this spring. According to the data, New York City is the most desired travel destination in the U.S. this spring (30 percent of bookings), with Las Vegas in second (21 percent of bookings). Read more from the report here.
According to the World Economic Forum’s Travel and Tourism Competitiveness Report 2017, the U.S. has fallen two slots as a desirable tourism destination. Japan and the U.K. surpassed the U.S., which is now ranked sixth. To learn more about these rankings, click here.
Salamander Hotels & Resorts’ NOPSI Hotel, due to open this summer in downtown New Orleans, is currently looking to hire more than 200 people to staff the 217-room property. The NOPSI will include a farm-to-table restaurant, a rooftop pool, and about 10,000 square feet of meeting space. Read more about the property here.
According to a report from purchasing advice company Software Advice, hotels are increasingly looking to cloud-based systems to help improve processes. The report notes that 96 percent of hotel software buyers are now looking for a cloud-based system due to lower investment costs and increased flexibility. Read more here.