Airbnb has shaken up the hotel industry, leaving major chains like Marriott and Hilton scrambling to figure out exactly what Gen Yers want while on their travels. London’s Cheval Residences is now aiming to reach these consumers by using technology to give them access to their favourite brands.

High-end booze is a booming business; the luxury spirits market is forecast to grow to £525 million by 2020. Hoping to tap into a burgeoning population of alcohol snobs, Clos19 is an online marketplace specialising in luxury beverages and exclusively curated experiences.

Airbnb may have transformed the hospitality sector, but as luxury travellers seek out more cultural and historic experiences, many are turning back to traditional hotels. With its $2.7 billion acquisition of the Fairmont Raffles group, Accor is now looking to tap into a desire for old, upscale retreats.

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.