{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Business is booming for the hotel industry' data-url='/boclips/videos/5c54d691d8eafeecae204a8c' data-video-url='/boclips/videos/5c54d691d8eafeecae204a8c' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nBusiness is booming for the hotel industry\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eLEADIN:                Millennials who prefer visiting places over possessions are helping to drive up tourism and the demand for more places to stay according to research by CBRE Hotels' Americas.               Hotels are also turning...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eLEADIN:  \u003cbr/\u003e              Millennials who prefer visiting places over possessions are helping to drive up tourism and the demand for more places to stay according to research by CBRE Hotels' Americas. \u003cbr/\u003e              Hotels are also turning to offering more lifestyle options in a bid to beat competition from other providers such as Airbnb.\u003cbr/\u003e              STORYLINE: \u003cbr/\u003e              A perfect start to any holiday, lounging by the pool in the sunny weather. \u003cbr/\u003e              It's just as bright for the hotel industry, which is reporting surging demand in the US, Europe and Asia. \u003cbr/\u003e              According to CBRE Hotels' Americas Research there's been strong growth since the middle of 2016.\u003cbr/\u003e              Improving business conditions mean more people are travelling for work.. but there's also a strong surge in leisure bookings. \u003cbr/\u003e              Non-hotel lodging, including Airbnb, is also seeing increased bookings. \u003cbr/\u003e              The growth of online booking platforms like Priceline, Expedia, Kayak, Trivago and Hotel.com has also helped get more people looking for hotel rooms. \u003cbr/\u003e              At the new Waldorf Astoria Beverly Hills, business has been strong since opening in June 2017. \u003cbr/\u003e              Luc Delafosse, Managing Director of Waldorf Astoria Beverly Hills credits the strong market to a highly connected world.\u003cbr/\u003e              \"Hotels are doing very well overall in the world. Definitely because the world is becoming smaller and smaller. People want to travel. There are many very new and exciting places to visit around the world and clearly that's why people nowadays just taking an airplane about 40 years ago they were taking the train so now this is a new trend that we see, people are travelling more and more and more and I believe people will continue to do so.\"\u003cbr/\u003e              According to the CBRE report, many younger people prefer to spend their money on experiences rather than physical goods.\u003cbr/\u003e              It found older consumers spend a higher amount of their money on health, education, recreation and leisure whereas millennials like to spend more on travel and experiences.\u003cbr/\u003e              Sitting on a rooftop bar like this and enjoying the sights and sounds of a new city is just one of many things drawing younger people to hotels. \u003cbr/\u003e              Delafosse says today's traveller has heightened services expectations and more hotels are answering the call, especially with the rise of instant online reviews. \u003cbr/\u003e              \"A year ago we have seen two things; one is definitely that people want to have their service experience on their term. Clearly, we need to be able to identify what they really want before their stay, in order to be able to prepare for their experience, to be at the level or even exceeding the expectation, that they have set for us. The second reason is actually to give them the possibility to see after their experience that they've had value for money. Even the people who have a lot of means, in a way, want to see value,\" he says.\u003cbr/\u003e              Leron Gubler, President and CEO of the 850 member Hollywood Chamber of Commerce, says the economy is playing a major role on mobility.\u003cbr/\u003e              \"I think that it is evident as we see of an economy that seems to be strengthening. We also see people's lifestyles are changing. Peoples are using hotels more. They're using Airbnb more. We are just a much more mobile society that travels. At the same time, business is doing well. We see here in Hollywood, new companies that have moved in, Netflix, Viacom, they again use hotels, so that doesn't surprise me. It kind of reiterates what we're seeing here in Hollywood,\" says Gubler.\u003cbr/\u003e              The W Hollywood Hotel \u0026amp; Residences on the famed Hollywood Blvd, says it is catering to the boutique traveller who wants a unique experience in and out of the hotel. \u003cbr/\u003e              Leon Young, General Manager, W Hollywood Hotel \u0026amp; Residences says travel booking websites have made a big difference in the online world of transparency. \u003cbr/\u003e              \"I think that there has been a lot more transparency in how you see hotels, how you're able to book hotels, how you're able to compare hotels, but I also think that some of the way you travel has changed. It's a lot less about the hotel itself and more about being in areas where you can experience things which is why select-serve and lifestyle hotels are seeing their day because they offer things in areas where it's a lot more centric to the neighbourhoods.\"\u003cbr/\u003e              The W Hollywood Hotel \u0026amp; Residences is using the select-service model which offers some full-service amenities, like breakfast and a fitness centre, but not others like an onsite restaurant or concierge service.   \u003cbr/\u003e              Young predicts there will be even more growth of lifestyle boutique and select-service hotels in the near future because they are easier to build and easier to fit into established neighbourhoods.\u003cbr/\u003e              Gubler says the upcoming 2028 Olympics in Los Angeles will spark a boom in accommodation options. \u003cbr/\u003e              \"Oh the Olympics will be tremendous for Los Angeles. Number one, it creates a great civic vibe and enthusiasm in the community. It also is a catalyst for improving the community. We have a huge improvement in metro as far as public transpiration that's going to be happening and with the Olympics coming, it gives them the impetus to finish a lot of the lines by then. There will also be a lot more capital investment. I suspect on the hotel front, there will be more hotels built anticipating the Olympics and the greater interest in Los Angeles and so I can tell you - this is our third time having the Olympics. So Los Angeles knows the Olympics, they know how to take advantage of it. It's going to be a very good thing for us.\"\u003cbr/\u003e            \u003cbr/\u003e\u003cbr/\u003e              Beverly Hills, California, US - 16 October 2017\u003cbr/\u003e              1. Wide of Waldorf Astoria Beverly Hills rooftop with jacuzzi, sun lounges and city skyline\u003cbr/\u003e              2. Mid of suitcases being put into limo \u003cbr/\u003e              3. Pan following guest to reception check in \u003cbr/\u003e              4. Mid of reception check in \u003cbr/\u003e              5. Close up guest checking in \u003cbr/\u003e              6. Pull out Waldorf Astoria Beverly Hills exterior\u003cbr/\u003e              7. Wide of front Waldorf Astoria Beverly Hills driveway\u003cbr/\u003e              8. Pull out of Rolls Royce in driveway in front of hotel\u003cbr/\u003e              9. Set up of Luc Delafosse, Managing Director, Waldorf Astoria Beverly Hills\u003cbr/\u003e              10. Tilt down from chandelier to wide of lobby\u003cbr/\u003e              11. Mid of tourist pulling luggage\u003cbr/\u003e              12. SOUNDBITE (English) Luc Delafosse, Managing Director, Waldorf Astoria Beverly Hills:\u003cbr/\u003e              \"Hotels are doing very well overall in the world. Definitely because the world is becoming smaller and smaller. People want to travel. There are many very new and exciting places to visit around the world and clearly that's why people nowadays, just taking an airplane about 40 years ago they were taking the train, so now this is a new trend that we see, people are travelling more and more and more and I believe people will continue to do so.\"\u003cbr/\u003e              13. Wide of Waldorf Astoria Beverly Hills lobby\u003cbr/\u003e              14. Mid of tourists on couch planning itinerary\u003cbr/\u003e              15. Wide of lobby with tourist walking by\u003cbr/\u003e              16. Wide of lobby living room area\u003cbr/\u003e              17. Wide of Waldorf Astoria Beverly Hills rooftop pan of city views\u003cbr/\u003e              18. Mid of rooftop sign\u003cbr/\u003e              19. Pull out from Hollywood sign to view\u003cbr/\u003e              20. Wide of sofa seating areas on rooftop\u003cbr/\u003e              21. Wide of living garden wall to bar area on rooftop\u003cbr/\u003e              22. SOUNDBITE (English) Luc Delafosse, Managing Director, Waldorf Astoria Beverly Hills:\u003cbr/\u003e              \"A year ago we have seen two things; one is definitely that people want to have their service experience on their term. Clearly, we need to be able to identify what they really want before their stay, in order to be able to prepare for their experience, to be at the level or even exceeding the expectation, that they have set for us. The second reason is actually to give them the possibility to see after their experience that they've had value for money. Even the people who have a lot of means, in a way, want to see value.\" \u003cbr/\u003e              23. Wide of Waldorf Astoria rooftop pool \u003cbr/\u003e              \u003cbr/\u003e              Hollywood, California, US - 16 October 2017\u003cbr/\u003e              24. Set up Leron Gubler, President and CEO of the Hollywood Chamber of Commerce\u003cbr/\u003e              25. SOUNDBITE (English) Leron Gubler, President and CEO of the Hollywood Chamber of Commerce:\u003cbr/\u003e              \"I think that it is evident as we see of an economy that seems to be strengthening. We also see people's lifestyles are changing. Peoples are using hotels more. They're using Airbnb more. We are just a much more mobile society that travels. At the same time, business is doing well. We see here in Hollywood, new companies that have moved in, Netflix, Viacom, they again use hotels, so that doesn't surprise me. It kind of reiterates what we're seeing here in Hollywood.\" \u003cbr/\u003e              26. Pull out of W Hollywood Hotel \u0026amp; Residences exterior \u003cbr/\u003e              27. Set up of Leon Young, General Manager, W Hollywood Hotel \u0026amp; Residences \u003cbr/\u003e              28. Wide of W Hollywood Hotel \u0026amp; Residences lobby check in \u003cbr/\u003e              29. Wide of W Hollywood Hotel \u0026amp; Residences lobby\u003cbr/\u003e              30. Tilt down of W Hollywood Hotel \u0026amp; Residences exterior from rooftop of valet parking check in area \u003cbr/\u003e              31. SOUNDBITE (English) Leon Young, General Manager, W Hollywood Hotel \u0026amp; Residences: \u003cbr/\u003e              \"I think that there has been a lot more transparency in how you see hotels, how you're able to book hotels, how you're able to compare hotels, but I also think that some of the way you travel has changed. It's a lot less about the hotel itself and more about being in areas where you can experience things which is why select-serve and lifestyle hotels are seeing their day because they offer things in areas where it's a lot more centric to the neighbourhoods.\"\u003cbr/\u003e              0\u003cbr/\u003e              32. Wide of W Hollywood Hotel \u0026amp; Residences pool on rooftop\u003cbr/\u003e              33. Wide of W Hollywood Hotel \u0026amp; Residences sign on rooftop\u003cbr/\u003e              34. Mid pan of tourists checking out \u003cbr/\u003e              36. Wide of tourists in W Hollywood Hotel \u0026amp; Residences lobby \u003cbr/\u003e              37. SOUNDBITE (English) Leron Gubler, President and CEO of the Hollywood Chamber of Commerce:\u003cbr/\u003e              \"Oh the Olympics will be tremendous for Los Angeles. Number one, it creates a great civic vibe and enthusiasm in the community. It also is a catalyst for improving the community. We have a huge improvement in metro as far as public transpiration that's going to be happening and with the Olympics coming, it gives them the impetus to finish a lot of the lines by then. There will also be a lot more capital investment. I suspect on the hotel front, there will be more hotels built anticipating the Olympics and the greater interest in Los Angeles and so I can tell you - this is our third time having the Olympics. So Los Angeles knows the Olympics, they know how to take advantage of it. It's going to be a very good thing for us.\"\u003cbr/\u003e              38. Wide view from W roof of Los Angeles \u003cbr/\u003e              39. Wide view from rooftop of Capital Records building\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e2017\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;grade_ids%5B%5D=259\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003elos angeles, basketball, north america, business, california, sports, time\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 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