TODAY: Global personal luxury goods market returns to healthy growth, Ctrip and Hungarian Tourism Agency sign strategic partnership agreement and GOPPAR growth returns but inconsistency threatens 2017 profit increase at hotels in the MEA.

Global personal luxury goods market returns to healthy growth
Tuesday, 5th December 2017

The shine has returned to the luxury market after a year of stagnation, boosted by growth in most regions due to more robust local consumption and strong tourist purchases, reaching a fresh high of €262 billion in 2017. Luxury is back in fashion. The overall luxury market – encompassing both goods and luxury experiences – grew by 5 percent to an estimated €1.2 trillion globally in 2017. Sales of luxury cars continued to drive the market, growing at 6 percent to reach €489 billion in total >>

GOPPAR growth returns but inconsistency threatens 2017 profit increase at hotels in the MEA
5 Dec 2017 : Whilst hotels in the Middle East and Africa successfully recorded a close to 2% year-on-year increase in GOPPAR this month, the periods of decline recorded across 2017 threaten to undermine the positive months of performance >>

The Swiss Tourist Happiness Index
5 Dec 2017 : How should we measure the tourist experience? Material well-being, or GDP, is regarded by some as insufficient to measure our quality of life and the evaluation of specific services in terms of customer satisfaction may also be somewhat lacking >>

Ctrip and Hungarian Tourism Agency sign strategic partnership agreement
5 Dec 2017 : This signed agreement between Ctrip and the Hungarian Tourism Agency is another milestone in both the development of tourism and trade between China and Hungary and the long-term cooperation between China and the CEEC. Hungary was the first European country to sign a MOU relating to China's "One Belt, One Road" Initiative >>

HIGHLIGHT ARTICLE

How to Use ECommerce to Grow Your Offline Business.
Tuesday, 5th December 2017

The operational expenses of hosting a website online are much lower compared to the money spent on leasing store space and employing staff to handle customers. In addition to this, the target market for eCommerce is much wider than a physical store that depends on customers from a restricted geography for business. This makes it possible to grow exponentially faster than you would by running a store in your neighborhood >>

Crisis Management: Sex Offenses Trigger Maelstrom of Allegations
The past weeks have been filled with the sound of well regarded individuals falling from grace, and we're guessing this is still just the tip of the iceberg. From Hollywood to D.C. and everywhere in between, allegations of sexual misconduct and abuse of power are swirling >>