Starwood Capital Group launch Field & Stream Lodge hospitality platform, Western brands' dominance in the Chinese luxury market and more...

Starwood Capital Group launch Field & Stream Lodge hospitality platform
Thursday, 2nd February 2023

Traveler-focused platform to develop branded hotels focused on serving the growing market for affordable and authentic outdoor experiences.

The Field & Stream platform aims to initially create approximately 20 to 25 hotels, first targeting U.S. markets in close proximity to authentic natural experiences, including national parks, beaches, mountain and ski towns >>

Fairfield by Marriott plans seven hotel openings in Japan
3 Feb 2023 : The Latest Fairfield by Marriott ‘Michi-no-Eki’ hotel openings unlock access to picturesque volcanic landscapes and historic gems of Japan’s southern regions >>

La Vie Hotels & Resorts opens Clarion Hotel Phuket
2 Feb 2023 : La Vie Hotels & Resorts, one of Asia Pacific’s independent hotel management companies, has announced the opening in the pulsing heart of Patong >>

Global economy to slow further amid signs of resilience and China re-opening
2 Feb 2023 : The global economy is poised to slow this year, before rebounding next year, growth will remain weak by historical standards, as the fight against inflation and Russia’s war in Ukraine weigh on activity >>

HIGHLIGHT ARTICLE

Western Brands' Dominance In The Chinese Luxury Market Is Threatened By The 'Guochao' Trend
Thursday, 2nd February 2023

The personal luxury goods market boomed in 2022, reaching an unprecedented $383 billion, up 26% from 2019 and 22% from 2021 at current exchange rates. Much of the growth came from its two largest markets, The Americas ($123 billion and up 25%) and Europe ($102 billion, up 27%).

However, China, the luxury market’s primary driver of growth over the past decade, sat on the sidelines. In 2022, personal luxury sales were down 1% reaching $64 billion >>

Tech Trends to Watch in 2023
Tired of reading about the drama at Twitter and the implosion of FTX? Me too. So, even though I’m pretty sure I’ll continue to read and hear about Elon’s latest antics and SBF’s perp walk for months to come, one of my new year’s resolutions is to focus more of my attention on the trends that will drive the agenda in 2023 and beyond >>

Global eNewsletter of February 01, 2023
Bookings, spending and optimism on the upswing - poll shows, sector’s climate footprint of different regions revealed and more >>