Investment in community tourism: a way to support the sustainable development of local communities
At present, community tourism has become an attractive form of investment for many investors. By investing in community-based tourism, investors not only have the opportunity to earn financial gain, but also to have a positive impact on society and the environment. This type of activity focuses on promoting the economic and social development of local communities through sustainable and responsible tourism, through the inclusion of local communities in the development of sustainable tourism activities and projects. One of the most common ways to invest in it is through the purchase of tourist properties. This includes the acquisition of hotels, guest houses, restaurants and other tourist establishments. In this sense, local communities are the main beneficiaries of the tourist activity, since they are given the opportunity to develop and offer unique tourist products, such as nature tours, craft workshops, traditional foods, among others, which allow the visitor to experience the local culture in an authentic and genuine way. In conclusion, community tourism is a tourism alternative that seeks to promote sustainable and responsible development of local communities, while providing an authentic and enriching experience to travelers. In this way, a conscious travel style is encouraged that supports both local communities and the preservation of the
Straight up: Spirit sales rise over beer
Americans love beer. In 2021, 187 million barrels of beer were consumed, making it a $100 billion market. So it might be shocking to learn that for the first time, distilled spirits surpassed beer in sales in 2022–with spirit sales at 42.1 percent of the alcoholic beverage market share and beer at 41.9 percent. While this news marks a new turn in the beverage industry, it may not be surprising to those who’ve followed consumer trends in the last decade. Distilled spirits have steadily grown in popularity, gaining market share for 13 years until becoming America’s beverage of choice in 2022. Not only is this great for the country’s liquor companies and retailers, but it’s also welcomed news for the hospitality industry. On-premise spirit sales are still 5 percent below where they were pre-pandemic. However sales are trending upward–a good, albeit slow, sign of recovery for the hospitality industry. How spirits surpassed beer Americans spending more on drinks while they dine out isn’t the only trend driving sales. The market also got a boost from the current cocktail wave sweeping the nation, such as the espresso martini revival. High-end spirits also helped grow the market. Premium sales accounted for more than 60 percent of the sector’s revenue last year, according to the
Round trip: Is business travel back?
Last year, I wrote about the airline industry revamping the business class experience. From new seating to destination-inspired menus, all signs pointed to the sector betting on work travel for its COVID-19 pandemic recovery. While it looks like their bet has paid off, travel and hospitality insiders should keep an eye on possible turbulence ahead. Business travel rebounds When travel restrictions and remote work grounded business travel, many wondered if it would ever return to previous levels. Last year, business travel was almost two-thirds of where it was before the pandemic. This year, 32 percent of people plan to travel for work, compared to the 16 percent who planned to travel last year. Even the majority of remote workers plan on traveling for their jobs this year. So, what’s driving the business travel revival? Surprisingly, smaller businesses reported more travel plans this year than larger companies. In a Morgan Stanley survey, two-thirds of companies with less than $1 billion in annual revenue expected to increase their travel budget this year. On the other hand, less than half of billion-dollar-plus businesses are expected to. Younger workers are also fueling business travel growth, as millennial and Gen Z employees are more likely to travel for work within the year. A murky forecast While business travel is
Luxe Influx: The high-end travel resurgence
Travel is back despite years of pandemic-related hardships, and neither inflation nor still-recovering economies seem to be slowing it down. Just last year, air travel soared to 70 percent of its pre-pandemic levels worldwide. Hospitality was also booming across the globe, as hotel occupancy averaged almost 70 percent last summer–a 5 percent increase from summer 2019. While tourism is booming overall, high-end travel is standing out as the current sector to watch. In 2021, the market was worth $638.2 billion globally. By 2031, it’s projected to hit $1,650.5 billion. This year, luxury travelers are expected to spend 72 percent more on airfare, experiences, and accommodations than they did before the COVID-19 era. Specifically, these travelers plan to spend an average of $5,000 per person on their next luxury vacation. Factors driving luxury travel While the pandemic threw a wrench in the tourism industry, it might ironically be one of the keys to its current resurgence. Many tourists are making up for years of lockdowns, restrictions, and social distancing by booking their dream vacations–and they are willing to shell out big bucks to make that dream come true. In fact, almost half of the participants in a recent survey specifically cited lost time during the pandemic as their reasoning behind plans to spend more
Luxury hotel fever: Which are the main countries that are investing in this category of accommodation?
In recent years, the hotel industry has experienced a boom in the construction of luxury hotels around the world. And although it is often assumed that these properties belong to local investors, the reality is that various countries that invest in this type of hotel also come into play. According to a study by the World Travel and Tourism Council published by HostelTur, China is one of the leading countries in luxury hotel investment. With an ever-growing middle class, domestic tourism has increased significantly in recent years, and as a result, the hotel market has boomed, attracting the attention of local and foreign investors alike. Another country that has seen an increase in investment in luxury hotels is the United States. In cities like New York, Miami, and Los Angeles, new upscale hotels are being built at a rapid pace. Many of these projects are initiatives by foreign investors seeking to capitalize on the growing market for superior tourism in that country. On the other hand, in Europe, Spain also stands out as a country that has seen a large increase in hotel investment in recent years. Thanks to its warm climate and its beautiful beaches, this territory has become a popular tourist
Hotels that stand out for their gastronomy
Food is one of the most important aspects of a place's culture, and many travelers (including me) seek to experience the local cuisine during their travels. The hotels that stand out for their gastronomy are those that offer a high-quality culinary experience and make food an integral part of their guests' stay. In this article, we will explore some of the most outstanding hotels for its gastronomy around the world. First of all, the Ritz-Carlton Hotel in Tokyo has several award-winning restaurants, including the three-star Michelin restaurant, Sukiyabashi Jiro. This restaurant offers a unique dining experience with a high-quality sushi set menu. In second place, we find the Waldorf Astoria hotel in New York, United States. The hotel has several high-quality restaurants, including the famous Bull & Bear Steakhouse, which has been awarded a Michelin star. Mandarin Oriental Hotel in Bangkok, Thailand. The hotel has nine different restaurants, each with its own style of cuisine and atmosphere. Particularly noteworthy is the restaurant Le Normandie, which has been awarded two Michelin stars and offers an exquisite French culinary experience. Finally, we have the Belmond Hotel Caruso in Ravello, Italy. The hotel has a restaurant that has been awarded a Michelin star. The Belvedere restaurant offers
Sustainable hotels that lead the ecotourism sector
As a nature lover and frequent traveler, I have always looked for ways to enjoy new experiences without leaving a negative footprint on the environment. So I'm excited to tell you about the sustainable hotels that are leading the ecotourism industry. These hotels are not only concerned with offering their guests an unforgettable experience, but are also committed to minimizing their impact on the environment. From choosing green building materials to implementing energy and water conservation practices, these hotels are leading the way towards more sustainable tourism. One of the hotels to recommend in this sense is the Hix Island House in Puerto Rico. This hotel features innovative architecture and uses solar panels to provide most of its power. In addition, they have implemented a rainwater harvesting system and have organic gardens that provide fresh and local ingredients for their restaurant. Another great example is Six Senses Laamu in the Maldives, which uses renewable energy and has a wastewater treatment system to reduce its environmental impact. In addition, the hotel is committed to eliminating single-use plastics in its facilities and works in collaboration with the local community to promote the conservation of coral reefs. In Colombia, there is the eco-friendly Casa del Agua hotel
Gastro-tourism: where the palate leads you
The passion for food and the delight in tasting and knowing the different flavors, smells and textures that foreign gastronomy offers, is gaining more and more strength within the reasons that drive travelers to undertake their trips to unknown destinations. Let's learn a little more about this new tourist trend: gastro tourism and the most attractive destinations to savor in 2023. Gastro Tourism, as its name explains, is that type of tourism that is carried out to get to know and taste the gastronomy of a certain country. Thanks to streaming platforms and the contents of influencers or travel influencers, tourists are enthusiastic about doing this type of tourism where the main guide is food. According to an article published by Civitatis magazine, these are the main destinations that lead the ranking of the 10 best gastronomic destinations in the world. Discover the main most attractive destinations and fall in love with its gastronomy. Italy. It is not necessary to explain much the reasons why Italy continues to be the top destination that stands out for its gastronomy. Beyond being the epicenter of pasta and pizza, Italian gastronomy is very varied and its international recognition is also characterized by the essence of its aromas
Artificial intelligence in the tourism sector
It is evident how the evolution of technology and AI capabilities are modifying the operations of commerce sectors and industries worldwide. Processes are being optimized and companies can offer better products and services to their consumers. Indeed, AI is here to stay and what may now seem surprising, was discovered in something normal in our daily lives. Today I will talk specifically about how this technological innovation revolutionizes the tourism sector and the performance of hotels. Artificial intelligence has numerous applications in the tourism sector, impacting both the consumer experience and the operating model of companies. Let's see a little more: Customer acquisition. With AI it will be much easier to attract customers, where the search system becomes more and more personalized and companies develop marketing strategies that adapt to consumer requests and preferences. Thanks to this, the number of options is reduced, processes are streamlined and recommendations are precisely tailored to the interests of the client. Business plans. The companies base the preparation of their business plan on strategies that improve and stimulate the consumer experience, maximizing competitiveness and aiming at sustainable tourism with the use of new technologies. For example, with the use of artificial intelligence from Google it is possible to optimize campaigns
The international expansion of hotel brands
With the emergence of globalization, the tourism market is becoming increasingly competitive and challenging, the hotel industry is growing exponentially, causing brands to focus on the growth and advancement of their hotels. Thanks to this, hotel brands concentrate their market management on internationalization strategies that promotes the development of their brands in different geographical locations, offering new products and services according to the resources that serve as opportunities. In the hotel industry, market share complicates the distinction of the products and services offered by hotels, causing hotel chains to base their internationalization strategy on management contracts and franchises. This strategy consists of the union of companies with the same level of production to achieve a higher level of reach, distribution and sales in the market. According to this, internationalization has a number of benefits for hotel brands, I will mention some of them below: Competition is reduced, while national and regional prestige is gained. Access to new markets and consumers globally. Resource costs are reduced. Increase the list of suppliers and shareholders by having so much power in the market. Economies of scale are taken advantage of. A good example of a star hotel brand at an international level is the Hilton Hotel & Resorts