Business & Finance

Historic Volume of New Research to Be Released at 2017 Global Wellness Summit

MIAMI, FL. September 13, 2017 – The Global Wellness Summit is known for unveiling important new research on the multi-sector wellness economy at each annual event. And at the upcoming conference, being held at The Breakers Palm Beach from Oct. 9-11, a record amount of original research in the conference’s 11-year history will be released:

*Landmark findings from the Global Wellness Institute’s report on the fast-growing wellness communities and lifestyle real estate market

*Think-tank, The Gottlieb Duttweiler Institute’s, forecast on what “Wellness 2030” will look like

*Neuroscientist Dr. Anjan Chatterjee’s (University of Pennsylvania) new studies on how beauty can meaningfully contribute to wellness

  • Well+Good’s survey on how millennials are disrupting the wellness travel market

“New research gives our delegates the hard data and insights they need to ‘see the future’ and forge business strategies that are expert- and evidence-based. And 2017 Summit attendees will have the first look at the most wide-ranging research releases in our history,” noted Susie Ellis, GWS chairman and CEO.

Snapshots of the research:

Wellness Communities & Lifestyle Real Estate – The Global Wellness Institute (GWI)

The GWI’s major research project for this year, and the first to comprehensively analyze the $119 billion wellness communities and lifestyle real estate market. The report will define these sectors; identify the demographic and consumer trends driving demand; present case studies, innovative practices and a pipeline of new projects from around the world; and develop a KPI framework to communicate the value to consumers, investors, developers, and policymakers.

“Wellness 2030” – The Gottlieb Duttweiler Institute (GDI)

GDI, Switzerland’s oldest and most influential think-tank on economics, society, and consumption, will release a research-based forecast, mapping the landscape of radically new consumer preferences and mindsets, and technologies and scientific knowledge, which will define “Wellness 2030.” Analyzing the coming explosion of “technologies of transformation,” they will identify the innovations coming in food and nutrition; travel, wellness travel and spas; beauty; work and workplace wellness; and the concept and spaces of our homes.

“Beauty2Wellness” – Dr. Anjan Chatterjee, University of Pennsylvania

Beauty animates our lives: we make aesthetic decisions constantly, but we know virtually nothing about beauty’s relationship to wellness. This two-part research project will be the first to address this. A first study, using natural language processing, hones in on concepts that can bridge the semantic space between beauty and wellness. A second study analyzes the depth of biases against people with facial disfigurement to help them overcome them and flourish. These studies will provide new evidence-based insights that can mitigate barriers – and build new bridges - between beauty and wellness.

Well+Good – How Millennials Are Transforming Travel

New survey findings from Well+Good’s community of 7 million millennials will provide insight into how younger generations are disrupting the wellness travel market. The research will include new data on the very different things millennials want in their wellness getaways compared with boomers: what they seek in fitness, food, and other lifestyle components – so that hospitality brands can take action.

The full, 3-day agenda for this year’s Summit is here.

For information about attending, click here.

About the Global Wellness Summit: The Global Wellness Summit (GWS) is an invitation-only international gathering that brings together leaders and visionaries to positively shape the future of the $3.7 trillion global wellness economy. Held in a different location each year, Summits have taken place in the U.S., Switzerland, Turkey, Bali, India, Morocco, Mexico and Austria. The next will be held at The Breakers Palm Beach, Florida from Oct. 9-11, 2017.

Coming Up In The October Online Hotel Business Review

Feature Focus
Revenue Management: Technology and Big Data
Like most businesses, hotels are relying on technology and data to drive almost every area of their operations, but perhaps this is especially true for hotel Revenue Managers. There has been an explosion of technology tools which generate a mountain of data – all in an effort to generate profitable pricing strategies. It falls to Revenue Managers to determine which tools best support their operations and then to integrate them efficiently into their existing systems. Customer Relationship Management, Enterprise Resource Planning, and Online Reputation Management software are basic tools; others include channel managers, benchmark reports, rate shopping tools and review systems, to name a few. The benefits of technology tools which automate large segments of a Revenue Manager’s business are enormous. Freed from the time-consuming process of manual data entry, and having more accurate data available, allows Revenue Managers to focus on analysis, strategies and longer-term decision-making. Still, for most hotels, the amount of data that these tools generate can be overwhelming and so another challenge is to figure out how to effectively utilize it. Not surprisingly, there are some new tech tools that can help to do exactly that. There are cloud-based analytics tools that provide a comprehensive overview of hotel data on powerful, intuitive dashboards. The goal is to generate a clear picture, at any moment in time, of where your hotel is at in terms of the essentials – from benchmarking to pricing to performance – bringing all the disparate streams of data into one collated dashboard. Another goal is to eliminate any data discrepancies between finance systems, PMS, CRM and forecasting systems. The October issue of the Hotel Business Review will address all these important developments and document how some leading hotels are executing their revenue management strategies.