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GBTA: Business travel spending to reach $1.8T by 2027

Hotel Business

trillion by 2027. Now in its 15th edition, this latest report outlines the top-level outlook for forecasted global business travel spending and other trends for 2023 to 2027. trillion by 2027, fueled by more favorable economic conditions than expected in 2022 and 2023. by 2027 appeared first on hotelbusiness.com.

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Sustainability: The Next Stop for Spanish Tourism Excellence

Revenue Hub

1 Travel and tourism accounted for around 14 percent of Spain’s total GDP and provided one in eight jobs. And as travel resumes in an era of high inflation, Spain will likely face stiff competition from several destinations that also offer sunshine and coastal vacations at similar, or lower, prices—Egypt, Greece, and Turkey, for example.

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Are EV Charging Stations Worth the Investment?

Modern Restaurant Management

Zero-emission vehicles (ZEV) will account for 70 percent of new passenger vehicles globally by 2040. Historically high gas prices are pushing consumers towards EV options. Experts predict that the EV market will more than double by 2027. In January, Tesla reported $5.5 The spike in EV sales is due to a few key factors.

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Four Reasons to Consider a Virtual Kitchen Now

Modern Restaurant Management

though late to the game, is seeing an explosion in these types of kitchens and is expected to dominate the global market by 2027, according to Allied Market Research. Virtual kitchens, with their low barriers to entry and streamlined delivery focus, are a smart and inexpensive way to get your food into customers’ hands.

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2023 hotel and travel trends

Boutique Hotel News

This means that during periods of high consumer price growth, hotels have been able to raise room rates and pass on these rising costs to guests. Payments will also form a major part of a hotelier’s CRM strategy moving forwards, especially taking into account the shift to eCommerce. per cent on average above inflation per year.

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MRM Research Roundup: Mid-June 2020 Edition

Modern Restaurant Management

Pricing, promos, and rewards, oh my! 74 percent of respondents said they will be just as price-sensitive as before. This is unlike the findings in the broader retail sector, where quality, speed, price and friendliness all dropped to the bottom of the list. billion by 2027, registering a CAGR of 12.0

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MRM Research Roundup: Mid-January 2020 Edition

Modern Restaurant Management

This segment is also driven by expense account users that continue to entertain their clients as a key business strategy. Mezcal Sales to See Strong Growth through 2027. However, Mezcal Anejo will exhibit a higher CAGR through 2027. ” For more information and access to the report, click here.

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