Our Predictions for Hospitality in 2024 - Bonus Episode with Other Hospitality.FM Podcast Hosts!

A gathering of experts in the hospitality field share their insights and predictions for the coming year. Themes include the importance of professionalization in the industry, the continuation of spending in travel, the expected rise in mergers and acquisitions, the role of tech in shaping the guest experience, sustainability, wellness, the increased importance of AI, and a surge in bookings from social channels. Speakers discuss trends and potential challenges, giving an in-depth look at what 2024 could hold for the hospitality industry.
Roundtable Members Are:
Jamie Lane - STR Data Lab & Good Morning Hospitality
Meaghan Moylan - Outpost & Workflows & Espressos
Steve Turk - The Hospitality Mentor & Good Morning Hospitality
Brandreth Canaley - Good Morning Hospitality
Zach Busekrus - Behind the Stays
Natalie Palmer - No Vacancy with Natalie
Michael Goldin - Good Morning Hospitality
And Sarah Dandashy - Good Morning Hospitality
00:26 Introduction and Overview
01:07 Meet the Podcasters
02:52 First Prediction: Airbnb's Vendor Marketplace and Urban Short-Term Rental Opportunities
05:44 Discussion and Questions on First Prediction
09:08 Discussion and Questions on the Second Prediction
09:33 Second Prediction: Changes in Hospitality Industry and Short-Term Rental Data Space
18:26 Third Prediction: Michelin Guide for Hotels and Labor Shortages in Hospitality
19:54 Discussion and Questions on the Third Prediction
22:53 Fourth Prediction: Challenges for Urban Operators and Airbnb's Dominance
25:25 Discussion and Questions on Fourth Prediction
31:59 Fifth Prediction: Professionalization of Unique Stay Operators
33:18 Emergence of Experiential Hospitality
34:07 Rise of Instagram and TikTok as Guest Acquisition Channels
35:38 Rebirth of Urban Short-Term Rentals
36:49 Discussion on Outdoor Experience and Direct Bookings
40:42 Predictions on Co-hosting and Investment Trends
47:29 Mergers, Acquisitions, and Company Shutdowns
51:41 Trends in Guest Experience, Purpose-Driven Travel, and Sustainability
01:01:15 Predictions on Tech Investment and Uber's Role in Travel