Tendance du marché

🏠 Marriott International and MGM Resorts International announced a strategic long-term licensing agreement in July 2023 to convert a Las Vegas Strip property into a W Hotels brand within the Marriott Bonvoy portfolio, expected to be completed later this year. Steve Zanella, MGM Resorts President of Operations, highlighted the success of their collaboration, while Leeny Oberg, Marriott International CFO and EVP of Development, emphasized the alignment with W Hotels’ luxury branding and vibrant nightlife, enhancing traveler experience.

🎉 European travelers are turning towards Asia with a 14% increase. Ski destinations see a shift as European resorts decline, while Japanese ski hotel bookings soar by 417% compared to the previous year. International travelers are anticipating higher spending during the holiday season, with greater expectations than ever. Sojern, a leading digital marketing platform for tourism professionals, analyzed thousands of travel intent data points as of October 1, 2024, indicating that economic concerns and inflation are widening the gap in consumer behavior. Compared to 2023, more consumers prefer car travel over air, with Sojern data showing a 1.7% increase in high-end hotel prices and a 1.4% increase in luxury accommodations, while budget lodging prices remain stable.

🌆 Booking.com reveals the top 10 French and international destinations for Toussaint 2024, with France's favorites being Paris, Marseille, Lyon, Nice, Bordeaux, Les Sables-d’Olonne, Lille, Nantes, Montpellier, and Toulouse. Internationally, French travelers opt for Paris, Marrakech, London, Barcelona, Dubai, Amsterdam, Lisbon, New York, Rome, and Istanbul. Two public holidays on November 1st and 11th offer a prime opportunity for autumn getaways, embracing a mix of culture, sun, and adventure.

🏖️ 67% of French people, after watching Inoxtag's documentary "Kaizen", declare sensitivity to overtourism, with 88% willing to adjust their travel plans accordingly. 39% consider switching destinations, while 49% think about vacationing during off-peak times. The survey by HERE and CSA reflects growing concerns over popular tourist sites' overvisitation.

🌍 According to Expedia Group, 81% of middle-class Asian travelers say travel remains a priority despite inflation, planning to visit an average of four destinations over ten days on their next international trip. Popular destinations include Japan, the USA, Canada, France, South Korea, Australia, and Germany. These travelers intend to spend nearly a quarter of their income on travel in the next 12 months, with nearly half seeking upgrades for flights or hotels and two-fifths opting for first or business class. The study, in partnership with Atomik Research, surveyed 4,000 individuals from China, India, Indonesia, Singapore, and Vietnam. The middle-class Asian demographic is expected to grow to 3.5 billion people, making up two-thirds of the global middle class by 2030.

💰 1790 TPE respondents surveyed between September 26 to October 2, 2024, by the Syndicat des Indépendants et des TPE reveal 86% feel discouraged amid 2024's difficult climate. 52% report income decline in Q3 2024; 51% earned below minimum wage. Over 50% face cash flow issues, yet this is a decrease from 65% in Q3 2023. Notably, 63,000 TPEs closed, and over 250,000 voluntarily ceased operations, skewing cash flow improvements as a market "clear-out".

🍕 Online discussions about home cooking, particularly for one person, have surged due to inflation and reduced purchasing power, while restaurant talk declines. Consumers focus on money and cheaper products. Healthier, less sugary meal searches are on the rise. Concerns over AI's growing role in food and beverage conversations are emerging. Brandwatch analyzed over 179 million online conversations globally. Mentions increased by 6% from July 1, 2023, to June 30, 2024, compared to the previous year; positive mentions rose by 26%, and joyful mentions by 29%. The average engagement rate for Food & Beverage brands on Instagram posts is 6.61%, and YouTube videos average 621k mentions.

🌱 Organized at Eurexpo Lyon on 23-24 September 2024, Natexpo innovated with a two-day compact format, attracting 6,287 professional visitors, including 10% international attendees. Exhibitors experienced a twofold increase in visitor encounters compared to 2022, with 700 business meetings emphasizing the event's effectiveness and global appeal for organic sector professionals.

🏦 An study conducted in 15 countries from January 2023 to May 2024 found that the Faubourg Saint-Honoré and Saint-Honoré streets in Paris have a 61% and 73% higher concentration of ultra-luxury and high-income international visitors than 23 other luxury shopping streets. The average spend by these consumers in the first half of 2024 was €3,326. The Comité du Faubourg Saint-Honoré, led by Benjamin Cymerman, will begin a major street renovation in early 2025, co-funded by the City of Paris and the Committee.

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