Leadership traits worth investing in
One of my favorite parts of my profession is that it allows me to meet and work with many different kinds of people. But, when it comes to investing, there are a few key traits that I always look for in a leadership team. And while there is no way to accurately predict if a business will succeed, these qualities are a great indication that our relationship will.
Innovations in the Food Industry to Combat Climate Change
In recent months, we’ve witnessed the growing impact of climate change, with record-breaking temperatures globally, marking some of the hottest conditions we’ve ever experienced. Many of these changes are a direct result of human activity, and one contributing factor is the food industry. However, in recent years, several measures have been implemented to reduce the ecological footprint left by this sector. As a gastronomy enthusiast, I wanted to explore the innovative measures the industry is implementing to mitigate these effects. One of the most significant approaches is sustainable agriculture, driven by technological advancements like precision farming. These technologies are reshaping food systems to address global challenges, such as climate change. And, as expected, artificial intelligence (AI) is playing an increasingly important role. Among the companies leading the charge is Seabex, a French company offering solutions powered by AI based on data insights. This technology is specifically designed to support farmers, who are on the front lines of water scarcity and climate change. With this technology, farmers not only optimize water usage but also improve crop yields. According to a report by Medium, Seabex has demonstrated that this technology is already revolutionizing small-scale farming practices, reducing water usage by up to 20% and boosting
Green Business: Entrepreneurial Initiatives Addressing Sargassum
Every day, we become more vulnerable and impacted by the effects of climate change, which significantly affects countries and their economies. A prime example is the sargassum seaweed problem, a global issue that has greatly impacted tourism and the economies of various regions, particularly in coastal areas such as the Caribbean and the Gulf of Mexico. A clear illustration of the risk sargassum poses to the economy and tourism is Quintana Roo, Mexico. In 2019, its tourism activities saw a reduction of between 2.2% and 5% due to the arrival of sargassum. The impact on tourism is mainly due to the foul odors and unattractive appearance caused by the accumulation of sargassum, making it less appealing to tourists and local community. This situation also creates blockages and an obstacle for recreational activities such as swimming, diving, and snorkeling. Consequently, these factors negatively affect the economy by reducing the revenue generated from tourism-related visits and activities. Moreover, the investment in cleanup efforts involves significant and recurring costs to keep the area clean and appealing. Additionally, local fishing and businesses are affected due to fewer visits to restaurants, hotels, and shops nearby. In the Caribbean region, sargassum also poses a barrier to those engaged
Investing in Wellness: How Hotels are Integrating Health and Wellness Spaces to Attract New Clients
In recent years, wellness and health have become crucial and non-negotiable factors globally, driving a growing trend in tourism and hospitality. According to a McKinsey study, 79% of respondents view their wellness as a top priority. This article will briefly explore the rise of health and wellness in the sector and how the hotel industry is capitalizing on this trend. Beyond creating new business opportunities and profitability, hotels aim to be a key destination for those seeking relaxation with wellness as a main focus. When we talk about wellness tourism, it’s essential to highlight that this concept involves people traveling to various destinations with purposes beyond just vacation. These travelers seek to care for their mental and emotional health while enjoying their stay. This type of tourism accounts for about 17% of global tourism spending. According to research from RunRepeat, the global wellness tourism sector is expected to reach $1.2 trillion by 2027. This makes it crucial for businesses in this sector to adapt to these trends to ensure their continued success and relevance in the market. A successful case of this integration is Hyatt Hotels, an international chain known for offering unique wellness-focused experiences. One notable example is the Grand Hyatt Playa