Hospitality

Imagine closing your eyes and upon opening them, you find yourself planning your next adventure. This isn't just a fleeting desire, but a reflection of a lifestyle that's gaining momentum among younger generations. Today, Generation Z and Millennials are redefining what it means to travel, infusing their values, preferences, and technology into the heart of their travel experiences. This article offers a detailed look at these emerging habits, starting from the travel behaviors and preferences of these generations. One of the most notable characteristics of Generation Z and Millennials is their focus on frequent travel, prioritizing experiences and adventures over the accumulation of material goods. This inclination reflects a broader desire to live fully and collect moments instead of objects. Sustainability: A Key Factor Sustainability, as in other sectors, is a critical element in the decisions of Generation Z and Millennials. These generations prefer brands and companies that demonstrate a genuine commitment to sustainability and social responsibility. According to an article in Conciencia Eco, Generation Z has shown a strong commitment to the environment and social change, even influencing the consumption decisions of previous generations towards more sustainable options. A global study indicates that 85% of consumers have changed their purchasing habits in favor

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For 2024, the gastronomy industry is envisioned as a culinary journey filled with exciting innovations and discoveries. From revolutionary techniques to exotic ingredients, the culinary scene is undergoing a remarkable transformation. Therefore, I am pleased to offer a detailed analysis of the trends that will shape the pace of taste preferences during this period. The rise of eco-friendly gastronomy Environmental awareness has permeated every aspect of our existence, and gastronomy is not exempt from this trend. In 2024, there is a noticeable increase in the demand for sustainable food options and the adoption of environmentally friendly culinary practices. According to the EcoCuisine gastronomic trends report, 78% of consumers are actively seeking restaurants that integrate eco-friendly practices. The revolution of alternative foods With a growing focus on health and ethics, alternative food options are experiencing a significant increase in popularity. According to data from the World Alternative Food Association, it is projected that sales of vegetarian and vegan products will represent approximately 20% of the global food market by the year 2024. Furthermore, Mintel research indicates that 65% of consumers are willing to try options that replace traditional meat. Culinary technology The way we prepare and enjoy food is being transformed by technology. From artificial intelligence-powered kitchen robots to

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At the crossroads of culinary innovation and evolving consumer preferences, the gastronomy industry finds itself in an unprecedented transformation. In this article, I am pleased to address the growing demand for vegan options, a phenomenon that extends beyond being a passing trend and solidifies itself as an essential element for the future of the sector. According to a report by EMR Expert Reports, the vegan food sector recorded a significant value, surpassing $24.59 billion in 2022. Projections indicate steady growth, with an estimated CAGR of 10.1% between 2023 and 2028. It is anticipated that by 2028, this market will have exceeded $43.8 billion, showcasing sustained momentum in the preference for such food options. Similarly, data from Research and Markets confirms this trend, revealing that the vegan food market reached a value of over $37.93 billion in 2022, projecting robust growth with the expectation of reaching over $71.26 billion by the year 2030. With that said, the growth of vegan cuisine in the gastronomy industry is driven by several factors, including the rise in awareness of healthy diets, growing concerns about sustainability and the environment, as well as the integration of technological advances in food, that have led to the development of plant-based alternatives

Entrepreneurship

Tourism is a cornerstone of the Mexican economy, and one of the standout destinations in this industry is the stunning Riviera Maya. In this setting, Grupo Xcaret, a 100% Mexican company and a leader in sustainable tourism, has grown alongside this region for 30 years, developing a portfolio of seven natural parks: Xcaret, Xel-Há, Xenses, Xoximilco, Xavage, Xplor, and Xplor Fuego, along with three tours of archaeological sites and 900 rooms offered at the Hotel Xcaret México. Thanks to this, in 2019, it achieved a remarkable milestone, amassing four million visitors since its inception. In this regard, Xcaret's success is due to a combination of factors, with a focus on sustainability, excellence in customer service, and innovation being among the most prominent. The importance of sustainability: Grupo Xcaret has led the way in sustainability by blending entertainment offerings with environmental conservation. Its natural parks stand as a testament to this commitment, allowing visitors to enjoy the beauty of the Riviera Maya while becoming aware of the importance of protecting it. However, this commitment extends beyond nature preservation; it also encompasses the promotion of Mexico's rich culture. Every experience at a Xcaret park is infused with authenticity and national pride. Visitors can immerse

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

Hospitality

We live in an era where the awareness of well-being and health has become a guiding light in our daily decisions, and the COVID-19 pandemic, with its undeniable influence, has acted as a catalyst in how we perceive and value these aspects in our everyday lives, even influencing our choices when planning trips or vacations. According to a report by Grand View Research, the global wellness tourism market reached a value of $814.6 billion in 2022, with a projected steady annual growth of 12.42% from 2023 to 2030. Furthermore, the Wellness Tourism Market Outlook from Fact MR predicts this market to reach $2.3 trillion by the end of 2033, starting from $880 billion in 2023. Beyond the COVID-19 pandemic, social media plays a pivotal role in the evolution of this ongoing trend towards well-being. Influencers, well-known figures, and enthusiasts worldwide share their experiences in yoga, meditation, healthy eating, and self-care during their vacations, directly influencing travelers' expectations and reshaping not only what we expect from the destinations we visit but also what we demand from hotels. Just over a fifth (21%) of global travelers are currently traveling for health and wellness reasons, according to a 2022 Travel Trends study conducted by the luxury

Entrepreneurship

The beverage industry, particularly the alcoholic beverages market, is maintaining steady growth, fueled by a range of factors influencing consumer preferences and emerging trends. In this context, I am pleased to examine why the beverage industry continues to thrive, taking into consideration some of the trends shaping the sector. The market for alcoholic beverages is astonishing in its magnitude. According to Statista data, revenues in the alcoholic beverages market reached an impressive figure of $1,609.00 billion in 2023, and it is projected to experience annual growth of 5.42% until 2027. An interesting highlight from the report is that the largest market segment is that of beer, representing a market volume of $610.00 billion in 2023. Consumer preferences play a pivotal role in this growth. According to data presented in the report, the demand for unique and premium alcoholic beverages is consistently rising globally, with consumers willing to invest more in high-quality products that offer distinctive flavors and experiences. This has led to an increase in the demand for craft beers and artisanal spirits, as well as limited-production wines, demonstrating that consumer palates' sophistication has also boosted the popularity of premium alcoholic beverages. According to the Distilled Spirits Council of the United States, in

Hospitality

The hospitality industry is one of the largest and most prosperous in the world, generating approximately $7.7 trillion in global revenue in 2022. However, it is also one of the most polluting. A study published in Nature Climate Change estimates that the hospitality industry is responsible for 8% of global greenhouse gas emissions, while data from the World Tourism Organization (UNWTO) predicts that CO2 emissions from tourism will increase by at least 25% by 2030. Given the challenge posed by climate change and the responsibility that falls on renowned corporations and brands, it is my pleasure to address in this article the actions that major hotel chains are taking to reduce their environmental footprint. One of the primary sources of pollution in the hospitality industry is waste. Hotels, restaurants, and other tourism businesses generate significant amounts of waste, including paper, plastic, glass, and metal. This waste can have a detrimental impact on the environment, contributing to climate change, air and water pollution, and biodiversity loss. In this regard, in recent years the hospitality industry has begun to take measures to mitigate its environmental footprint, with a key strategy being recycling. A significant example is the commitment of the Hilton hotel chain, known for

Hospitality

Tourism is one of the world's largest industries, and its growth has been steady in recent years. According to data from the World Tourism Organization (UNWTO), in 2019, an estimated 1.465 billion international trips were made, marking a milestone in the industry's history. However, the COVID-19 pandemic in 2020 represented an unprecedented setback for the sector. With grounded airplanes, closed hotels, and travel restrictions worldwide, the number of trips plummeted dramatically to 406.98 million. Despite the challenges faced by the industry, UNWTO reported that by 2022, approximately 962.80 million trips were recorded worldwide, demonstrating astonishing growth of 136.95% compared to 2020. These figures underscore the sector's resilience and adaptability, prompting questions about how we can maintain a balance between this rapid growth and sustainability. One of the most pressing challenges of mass tourism is its impact on the environment and local communities. The overexploitation of tourist destinations can deplete natural resources and disrupt the daily lives of host populations. In response, UNWTO has acknowledged these issues and promotes sustainable tourism as a solution. This involves adopting environmentally friendly practices and fostering healthy cultural interaction. In this context, the concept of "sub-tourism" emerges as an alternative. It involves seeking more authentic and less crowded

Entrepreneurship, Social Contribution

It is no secret that the issue of plastic has become one of the most pressing challenges for our planet today. The massive production and indiscriminate use of plastics have had a devastating impact on our ecosystems, threatening marine life, contaminating water, and affecting our health. However, amidst this concerning reality, there is a ray of hope. In the face of this challenge, many companies have decided to take bold measures to reduce their dependence on plastic and find sustainable alternatives to maintain their business success. Let's take a look at some of these pioneering companies and the solutions they are implementing to address this crisis. Patagonia: Towards a Circular Economy The renowned outdoor clothing brand, Patagonia, has long been a benchmark for sustainability and environmental responsibility. Founded in 1973 by Yvon Chouinard, their focus on a circular economy has been a cornerstone of their strategy to reduce plastic usage. They have implemented a clothing recycling program where customers can return used garments for reuse or recycling into new products. Additionally, the company has significantly reduced plastic packaging for their products and opted for recycled and biodegradable materials whenever possible. Undoubtedly, Patagonia's initiative not only promotes a significant reduction of plastic in their supply