Entrepreneurship

Space tourism is emerging as an exciting adventure for those seeking unique and luxurious experiences. While currently only a privileged few can afford the millions of dollars required for these trips, it is expected that over time and with technological advancement, costs will decrease, thus democratizing access to space. Companies like Virgin Galactic, led by Richard Branson, are at the forefront of this field. Their spacecraft, V.S.S. Unity, took a crew to the edge of space in July 2021, offering passengers an unparalleled view for a few minutes. In addition to Virgin Galactic, companies like Blue Origin, founded by Jeff Bezos, are also making significant advances in space tourism. With the New Shepard, a suborbital rocket, Blue Origin is bringing the dream of space closer to reality for the general public. Their ongoing advancements and research are paving the way for expanding access to space, offering new opportunities to explore the cosmos. Space tourism is constantly evolving, promising to open the doors of the cosmos to a wider audience in the future. Although currently the cost of these experiences remains limited to most, technological advances and competition in the sector could eventually make space accessible to everyone. However, beyond the numbers, an intriguing

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