Hospitality

Soon reservations may not be so easy to get

Tragically, some iconic restaurants have closed for good over the past year.  But with $29 billion in funding from the American Rescue Plan and more than a hundred million jabs in arms so far, better days may be right around the corner.  And some of our favorite dining spots may be well positioned for a roaring come back.

Read more in my Medium Post, Hope is Again on the Menu

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Hospitality

In the dynamic travel industry, trends constantly shift and evolve. According to Airbnb, the most sought-after destinations for this year-end holiday season offer a fascinating insight into the preferences of Latin American and global travelers alike. From tropical getaways to urban explorations, let's delve into some of the standout trends. Dreamy destinations: from Osaka to Rio de Janeiro This winter, travelers' attention is drawn to dreamy destinations in Asia-Pacific and South America. Cities like Osaka, Japan, and Rio de Janeiro, Brazil, are capturing the interest of those seeking unique experiences. The easing of restrictions in Japan has put Osaka on the map, while Rio de Janeiro continues to shine as a South American gem. Moreover, the variety of destinations such as Hanover, Germany, and Muang Pattaya, Thailand, highlights the diversity of modern travelers' preferences. This phenomenon reflects the growing openness to explore unconventional destinations and immerse oneself in new cultures. Families on the move: Tokyo, Rio de Janeiro, and more This year, adventurous families are ready to explore from the vibrant streets of Tokyo to the sunny beaches of the Bahamas. Destinations like Rio de Janeiro and São Paulo in Brazil, along with Crucecita in Mexico, have captured the attention of those seeking both cultural

Hospitality

On the horizon of tourism for 2024, perspectives emerge as promising as they are challenging. The demand for sustainable tourism, with a focus on conserving natural environments and local culture, is expected to continue its ascent. Digitalization and the implementation of technologies such as artificial intelligence (AI) are transforming the visitor experience. However, this scenario also poses a crossroads for the sector: balancing the surge in demand with the urgent need to preserve the environment and, crucially, adapt to geopolitical tensions. Surge in demand and environmental sustainability According to the second World Tourism Barometer by the World Tourism Organization (UNWTO), international arrivals reached 80% of pre-pandemic levels in the first quarter of 2023. With 235 million tourists undertaking international trips during this period—more than double that of 2022—these figures reveal that, despite past challenges, tourism is regaining its vitality. However, this increased demand also underscores the urgent need to address environmental sustainability. In this context, a crucial question arises: How can the tourism industry meet growing demand without compromising natural resources and the cultural integrity of destinations? Digitalization, AI, and enhancement of visitor experience Simultaneously, digitalization and artificial intelligence have become key elements in the evolution of tourism. According to experts in an article

Hospitality

We have been discussing how 2023 is the year of sustainability across all sectors. However, this time, I am pleased to address a crucial aspect of this paradigm shift: sustainability in the hotel industry applied to luxury, which translates into the pursuit of a balance between exclusive comfort and environmental responsibility. That said, hotel sustainability is not a trend but a solid commitment to preserving the environment and the local community. Incorporating this concept into luxury goes beyond a mere "green" label and manifests in specific practices aimed at reducing the environmental and social impact of the hotel industry. Eco-Luxury stands as an example of industry progress, reflecting the increasing awareness among both hoteliers and travelers. The integration of sustainable practices in the luxury sector is not only appealing to environmentally conscious travelers but also contributes to preserving local traditions, supporting community livelihoods, and ensuring the conservation of natural resources for future generations. Growing trend and market data According to Facts and Factors, the global luxury hotel market was valued at approximately $95.11 billion in 2021 and is expected to reach $160.48 billion by 2028, with a compound annual growth rate (CAGR) of about 4.95% between 2022 and 2028. On the other hand, according to