Not without external pressure: How the travel industry is tackling transformation, Singapore and Malaysia plan special economic zone and more...

Not without external pressure: How the travel industry is tackling transformation
Monday, 5th August 2024

The actions of global travel companies are driven more by external influences than economics where important aspects of the transition are concerned.

The Travel & Tourism Radar survey shows that the approximately 330 travel companies interviewed worldwide offer a generally positive economic outlook. It also gives an insight into their investment plans and how they see their ability to compete >>

Hangzhou will get it's W
5 Aug 2024 : Marriott International announced that it has signed an agreement with Zhong An Commercial Group, part of China New City Group, to bring the W Hotels brand to Hangzhou >>

Singapore and Malaysia sign MoU for joint Special Economic Zone
4 Aug 2024 : Singapore and Malaysia are partnering to create a special economic zone (SEZ) in Malaysia’s Johor state (JS-SEZ), adjacent to the Singaporean border >>

Uber and BYD Partner to Accelerate Global EV Transition
3 Aug 2024 : Uber Technologies, Inc and BYD Co Ltd announced a multi-year strategic partnership designed to bring 100,000 new BYD electric vehicles onto the Uber platform across key global markets >>

HIGHLIGHT ARTICLE

China’s Service Sector Is an Underutilized Driver of Economic Growth
Monday, 5th August 2024

Reforms to rebalance demand toward consumption and further open the service sector can promote sustainable growth and help create jobs.

China’s economic development over the last several decades has been remarkable amid rapid growth. We project growth will remain resilient at around 5 percent in 2024, despite the continued property sector adjustment. At the same time, China has relied too much on investment as opposed to consumption >>

5 Steps to Make Travel More Inclusive for Everyone
There are diverse challenges for travelers with disabilities—from navigating airports and finding suitable accommodations to managing unexpected changes >>

In case you've missed it: Global eNewsletter of August 02, 2024
World of Hyatt announces exclusive alliance with Under Canvas, upscale outdoor hospitality and more >>