2%-the overall average rise globally in hotel rates, according to American Express Global Business Travel’s Hotel Monitor 2019, which also reports the APAC region is anticipated to account for nearly 2/3 of global growth, with around 5.6% GDP growth in 2018 and 2019
$193 billion the global market for vacation rentals by 2021
Europe is expected to generate the highest revenue and growth, according to Custom Travel Solutions, which published a new report, “Vacation Rentals in the Sharing Economy: How Property Owners and Managers Can Build Their Brand & Revenue.”
niDays and AdAge revealed findings of a survey of 11,000+ college students in the U.S., U.K., Australia and New Zealand, and on the UniDays network. Gen Z commands up to $143 billion in spending power in the U.S. alone.
Gen Zers have their own money and want to spend it on travel. These are no longer kids traveling with mom and dad; these are independents willing to spend an average of up to $750 per trip.
While Airbnb may have disrupted the industry, more traditional hotels are back in favor: 58% said they’d rather stay in a hotel than Airbnb or vacation rentals.
They like to eat out. The #1 activity for a Gen Zer on a trip is eating out (though Instagrammable moments are required).
3,500 the number of guests the Buffet at Wynn feeds everyday.
Also, on a daily basis, there are:
100 cooks, chefs and pastry chefs at 15 stations
5,000 eggs cracked
800 pounds of slow-roasted prime rib carved
600+ three-egg omelets made
And each year:
85,000 Hawaiian pineapples are served
69,000+ pounds of shrimp are served
500,000+ pot stickers and dumplings are crafted by hand
1 million+ sushi pieces are rolled