While luxury brands move away from the ‘stuffy’ traditions, a new breed of hotels that spans the entire price spectrum is competing to meet the needs of the digitally dependent Millennials. But how is such a long-standing industry redefining itself to meet the needs of Gen Y?

Airbnb has over 800,000 listings in 33,000 cities, with as many 425,000 people staying on a peak night. Hilton’s new brand Canopy wants to be the best ‘local’ hotel in the neighbourhood, but can it lure back the sharing economy generation?

Despite the increased interest in video conferencing, travel is still key for many businesses, with the majority expecting more travel in 2014. Marriott is out to make the experience more social with its new app, SixDegrees, which pairs guests through their LinkedIn profiles.

With Far-Eastern tourists becoming more extravagant, and Western visitors searching for authenticity, luxury hospitality is undergoing a difficult transformation. The solution, for the Waldorf Astoria Group, is to offer a new gastronomic experience that celebrates the brand’s heritage yet offers a series of new iconic dishes to attract fine-dining travellers.