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Global Newsletter: February 05, 2021
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Friday, 5th February 2021
 

Business Travel: full recovery expected by 2025, prototype for a carbon-neutral hotel, social repercussions of pandemics and the evolution of malls.

Business Travel: full recovery expected by 2025
Friday, 5th February 2021

Financial impact of global travel decline expected to be 10x the Great Recession and 9/11.

A 21% increase in business travel spending is projected in 2021. Most of this gain is expected to come at the end of 2021 as vaccinations increase globally and consumer confidence returns >>

Melia aims to create a prototype for a carbon-neutral hotel
5 Feb 2021 : After the Government of Spain announced a public process to identify projects to which to allocate European Recovery Funds, Meliá Hotels International revealed the third of the projects it has submitted to the Ministry of Industry, Commerce and Tourism.

The company hopes that European funds will be used to support a project that would further the transition towards a more sustainable management model, key to the regeneration of the travel industry, the biggest driver of the Spanish economy >>

Hyatt Regency Ningbo Hangzhou Bay opens in China
4 Feb 2021 : The property’s location serves as a connecting point for guests coming to and from Ningbo, Shanghai, Hangzhou and Suzhou >>

HIGHLIGHT ARTICLE

COVID’s Long Shadow: Social Repercussions of Pandemics
Friday, 5th February 2021

Study finds evidence of heightened risk of a major government crisis—an event that threatens to bring down the government and that typically occurs in the two years following a severe epidemic.

If history is a predictor, unrest may reemerge as the pandemic eases. The threats may be bigger where the crisis exposes or exacerbates pre-existing problems such as a lack of trust in institutions, poor governance, poverty, or inequality >>

The Evolution of Malls After The Pandemic?
Signs emerge in China and electric car dealerships springing up in China’s malls are just one type of retailer opening physical stores.

Lifestyle concept stores are similarly expanding in malls. These stores – which include homewares, beauty and pet-related shops – have proliferated with the pandemic as more consumers turn their attention to these feel good items >>

How Niches Provide New Growth Opportunities for Business
Using real examples from our work each episode of One Good Idea provides a smart business tip to help you grow >>

In case you've missed it: Global eNews of February 04, 2021
Agoda sees growing demand for last minute deals, Virgin Hotels plans coast-to-coast openings, COVID-19 big winners and the problem isn't the employee, it's the system >>

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