Major wellness hotels post strong top-line recovery, says report
Minor wellness hotels led growth in RevPAR and TRevPAR, and were the top performers within the Luxury and Upper Upscale classes, it stated.
Occupancy remained largely stable across all segments, although ancillary revenue – a significant contributor to TRevPAR – was marginally lower than in 2023, said RLA Global in its 6th annual Wellness Real Estate Report.
Based on performance data from over 11,000 hotels worldwide supplied by HotStats, the RLA Global report provides an in-depth analysis of 2024 hotel performance year-on-year by wellness property type (Major, Minor, and No Wellness) across asset classes (Luxury, Upper Upscale, and Upscale).
According to the report, major wellness outperformed minor wellness in leisure performance and was the only group that could also raise per-room F&B revenue, albeit just slightly.
Minor Wellness continued to excel in profit conversion, while Major Wellness properties saw sharp improvements in GOPPAR (gross operating profit per available room) in the Upscale category, it stated.
"Major Wellness hotels came roaring back in 2024, displaying a standout top-line performance in TRevPAR and RevPAR and impressive year-on-year growth rates in the Upscale category," said Roger Allen, Group CEO, RLA Global.
"The all-important bottom line performance showed Major Wellness outperforming Minor Wellness in GOPPAR in absolute terms in 2024, but minor wellness had higher year-on-year GOPPAR growth compared to 2023," he stated.
TRLA Global said this year's report also explores key trends redefining luxury and wellness in 2025 - including a return to foundational health habits, a rising emphasis on restorative sleep, and the growing preference for meaningful experiences over material opulence.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Biz Bahrain
21-07-2025
- Biz Bahrain
Standard Chartered: Weak Dollar to Unlock Opportunities in Emerging Markets and Global Equities
Standard Chartered announced its Global Market Outlook for the second half of 2025, projecting a constructive but volatile environment for investors worldwide. The Bank sees significant implications for Middle East investors, driven by expectations of a softer US dollar, resilient global equity markets and improving prospects for emerging-market assets. The report highlights that Global macro conditions remain mixed. In the United States, growth continues to be supported by resilient consumption and fiscal stimulus, though trade and policy uncertainty may temper momentum in the second half of the year. In Europe, fiscal easing increasingly offers support, but structural challenges persist while China's outlook is stabilising on the back of targeted stimulus and improving retail activity. Meanwhile, growth in India and ASEAN is expected to remain well-supported. Against this backdrop, the report outlines an investment strategy reflecting evolving risks and opportunities. We expect the US dollar to weaken over the next 6 to 12 months and have accordingly upgraded Asia (ex-Japan) equities and Emerging Market (EM) local-currency bonds to Overweight. Global equities also remain an Overweight position across portfolios, supported by healthy earnings, easing trade tensions, and controlled inflation (so far). Commenting on the report, Dr. Boutros Klink, CEO, Standard Chartered Bahrain, said: 'As global markets transition into a new phase, investors in Bahrain and the wider Middle East are well-positioned to capitalise on emerging opportunities. A weaker dollar historically supports returns across risk assets, particularly in emerging markets, which have long been core components of regional portfolios.' He added: 'This outlook underscores a critical moment for investors in the region. As the global environment adjusts to weak dollar dynamics, shifting trade policies, and diverging central bank actions, investors in our region have an opportunity to reposition portfolios with greater international diversification. Asset classes such as emerging market bonds and equities across major regions (including non-US equities) are well-placed to help investors navigate volatility, capture income, and enhance portfolio resilience in today's shifting landscape.' In line with these themes, the report maintains a preference for USD-denominated bonds in the 5–7-year maturity range, citing them as the most attractive in terms of risk-adjusted returns, particularly as yields begin to ease from current levels. Meanwhile, Developed Market Investment Grade corporate bonds have been downgraded to Underweight due to tight yield premiums and slower inflows. Alternative investments are also in focus, with the Bank highlighting gold as a core allocation, supported by strong central bank demand and its role as a diversifier when bonds offer less downside protection.
Daily Tribune
02-07-2025
- Daily Tribune
Bahrain Bourse attains 'CIO Legend' Award Global CIO 200 Summit – Bahrain Edition for Chief Information Officers
Bahrain Bourse attained the 'Chief Information Officer Legend Award' during the Global CIO 200 Summit – Bahrain Edition 2025, held under the patronage of the General Sports Authority and organized by Shaikh Nasser Center for Research and Development in Artificial Intelligence. The award was presented by H.E. Mr. Nibras Talib, Chief Executive of the Labour Market Regulatory Authority and Board Member of the General Sports Authority, which was received by Mr. Hussain Al Jamri, Senior Director of Information Technology at Bahrain Bourse, during a special ceremony recognizing distinguished executive leaders in digital transformation and artificial intelligence. This recognition comes in appreciation of Bahrain Bourse's notable efforts in adopting advanced technologies and innovative solutions. Key initiatives that contributed to this achievement included digitizing workflow automation for operational processes, implementing SDWAN technology, and developing a dedicated anti-money laundering system. The ceremony honoured 21 Chief Information Officers representing a distinguished group of national leaders from both the public and private sectors, in recognition of their efforts in adopting locally developed technologies and solutions that support Bahrain's digital transformation journey. On this occasion, Mr. Hussain Al Jamri, Senior Director of Information Technology at Bahrain Bourse, stated: 'At Bahrain Bourse, we are very honored to receive this recognition in relation to our digital advancement efforts which includes various areas.'
Trade Arabia
11-06-2025
- Trade Arabia
Fairmont The Palm appoints two new directors
Fairmont The Palm has appointed Stavros Fassaris as the new Director of Food and Beverage and Dhaval Patel as director of revenue management. Born and raised in Greece, Stavros brings over 15 years of international experience in high-end hospitality, with a career spanning Europe and the Middle East. Growing up in Greece, where tourism and hospitality are pillars of the economy, Stavros first entered the industry during his student days. A seasoned professional with deep roots in both hotel and standalone restaurant operations, Stavros began his leadership journey in 2011 as Bar Manager at The Westin Resort in Greece. Shortly after, he moved to the Middle East to join W Doha, where he took on the role of Assistant General Manager at the Spice Market. He later led Market by Jean-Georges for over two years. By 2015, he was promoted to Assistant Director of Food and Beverage, overseeing multiple venues and driving operational excellence across the hotel's dining portfolio. Stavros relocated to Dubai in 2017 to lead BB Social Dining in DIFC as General Manager, where he spearheaded the pre-opening and development of one of the city's most celebrated dining spots. He then took on the role of Concept Developer for Hellenika in Saudi Arabia. Before joining Fairmont The Palm, Stavros returned to W Doha as Director of Food and Beverage, where he led a team of over 240 front-of-house colleagues across 11 venues, banquets, and catering units - delivering standout events including Formula 1, MotoGP, AFC Cup Hospitality, and WEB Summit Qatar. His career is decorated with multiple industry accolades, including Best Newcomer Restaurant, Best European Contemporary, and Best Individual Restaurant Awards by Time Out, as well as Best Hotel Restaurant in the Middle East by Condé Nast. In 2024, Stavros was awarded the Ambassador of Excellence by Qatar Tourism during Hospitality Qatar, recognising his outstanding performance and high standards of excellence - an honour bestowed on the top Director of Food and Beverage in the country. Dhaval Patel With more than 15 years of global experience in luxury hospitality revenue strategy, Dhaval brings a data-driven mindset and a proven track record of commercial success to the leadership team. Originally from India, Dhaval's hospitality journey began in 2008 with a management training role at The Delamar Greenwich Harbor. His passion for optimizing performance through analytical precision quickly propelled him into roles with industry-leading brands such as The Armani Hotel, Address Hotels & Resorts and JA Resorts. He later expanded his impact through senior revenue management roles at Marriott International and Hilton Corporate Office in Dubai. In his most recent role as Revenue Lead at Hilton Worldwide, Dhaval oversaw strategy for flagship properties including Waldorf Astoria DIFC and Conrad Etihad Towers. He has been instrumental in driving market share growth and delivering record-breaking ADR performance, earning accolades such as the top ranking in RevPAR Index change across Hilton EMEA Luxury. Dhaval holds an MBA in Hospitality Finance from Les Roches Swiss Hotel School, and combines his commercial acumen with a collaborative leadership style that develops high-performing teams and fosters innovation.
