Blog Archive


How the travel industry is building back more responsibly in the wake of coronavirus

On United Nations Day, we look at the companies building back more sustainably (Getty Images)
On United Nations Day, we look at the companies building back more sustainably (Getty Images)

Saturday 24 October marks 75 years since the United Nations officially came into being.

Perhaps it’s apt that this momentous anniversary falls in the midst of a global pandemic – a time when we’re in need of the UN’s tenets of solidarity and multilateralism more than ever.

In an increasingly interconnected world, containing the virus, as well as dealing with the social and economic impacts yet to come, is not something one country can do alone.

“Today, the urgency for all countries to come together, to fulfil the promise of the nations united, has rarely been greater,” says the organisation.

“This anniversary comes in a time of great disruption for the world, compounded by an unprecedented global health crisis due to the Covid-19 pandemic, with severe economic and social impacts. But it is also a

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  • October 24, 2020

A Message to the Travel, Lodging and Hospitality Industry That May Save your Business

With our extraordinary downturn in hospitality and travel, I sought out a corporate business traveler, a frequent flyer, road warrior extraordinaire and someone in our global travel industry who occupies the C-Suite. With travel starting to spring back to life, especially for leisure travelers, I thought it would be a good idea to interview a frequent traveler to learn what life is all about today when flying, staying in hotels and renting cars, etc.

Below reflects my interview with F.F. Miles with a goal of providing insights for enhancing the overall guest experience during COVID-19.

Collateral Damage: Customer Services/Customer Hospitality

Observations on current travels in September/October 2020.

As a “road warrior” and frequent global traveler, like many my travels were significantly curtailed during the height of COVID-19. The entire Hospitality Industry from transportation to restaurants, to hotels, to rental cars and to attractions basically locked their doors. From May 1

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  • October 23, 2020

Four Reasons Investors Are Looking At The Self-Storage Industry Right Now

Scott Meyers, Founder of Kingdom Storage Holdings.

If you are considering or have ever considered joining the self-storage industry, you are not alone. In the current moment, the industry is experiencing a huge boom. Research forecasts that the return on investment (ROI) and compound annual growth rate (CAGR) on self-storage properties will continue to be high over the next few years, making it even more attractive to investors. In addition, Small Business Association (SBA) loans make entering the self-storage market much more attainable, while having no tenants, trash or toilets make self-storage facilities desirable in comparison to their residential counterpart.

Strong ROI

Self-storage has proven to be recession-resistant and is projected to have a CAGR of 134.79% between 2020 and 2025. Because of this, many investors are looking for ways to invest in self-storage. Demand is steady, with 9.4% of households currently renting self-storage units. The national average

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  • October 21, 2020

Abolishing tax-free shopping would deal ‘hammer blow’ to fashion industry, brands warn

Rishi Sunak is facing renewed pressure to U-Turn on a planned crackdown on VAT-free shopping for tourists as some of Britain’s best-known brands warned the move would prove to be a “hammer blow”. 

Fashion and luxury brands including Ted Baker, The White Company and Paul Smith have this weekend written to the Chancellor urging him to row back on a decision to end tax-free shopping in Britain.

The move, they said, would make the UK “the least attractive shopping destination in Europe” and come at a time when they could “ill afford” the hit. 

“International shoppers will instead choose to spend their money in EU destinations where tax-free purchases are still available… We urge the Chancellor to reverse his decision, which is bad for business and bad for the Treasury’s own coffers.” 

In the open letter to the Chancellor, the 16 brands, which also included Smythson, Rupert Sanderson and Hackett,

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  • October 19, 2020

Travel Industry Sees Pent-up Demand

Delta Air Lines and United Airlines both reported poor Q3 earnings this week, but they and many other travel companies think the worst of the COVID-19 woes are behind them. Here’s why. 

Even though COVID-19 cases are once again starting to rise in the U.S. and abroad, airline and hotel industry executives are saying that seven months of pent-up consumer demand bodes well for the future of the beleaguered travel business.

This budding “worst-is-over logic is predicated on the fact that any business that has spent the past seven months retooling its operations to adapt to the worst financial crisis to ever hit its industry will probably be there on the other side.

For instance, United Airlines CEO Scott Kirby announced during this week’s earnings release that his company is “ready to turn the page.”

“Even though the negative impact of COVID-19

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  • October 16, 2020

Transport Minister sets out the way forward for Singapore’s aviation industry in ministerial statement

Ong Ye Kung sitting at a table

© The Independent Singapore

Transport Minister Ong Ye Kung set out the way forward for Singapore’s aviation industry, which suffered severe setbacks due to the COVID-19 pandemic, in a ministerial statement in Parliament on Tuesday (6 Oct).

Asserting that it is not just the aviation industry but also Singapore’s relevance that is at stake given how integral air travel is to Singapore’s status as a business and tourism hub, Mr Ong detailed the Government’s plans to help the aviation sector recover and emerge from the coronavirus pandemic. Read his speech in full here:

“Mr Speaker Sir, as the COVID-19 virus spread around the world earlier this year, many countries closed their borders. It was a drastic and unprecedented measure. But faced with an unknown and dangerous virus, Governments around the world concluded that this was the best way to stave off a viral invasion. Singapore did the same on 24

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  • October 8, 2020

Online Payment Market 2020 Global Industry Size, Demand, Share, Growth Analysis, CAGR Status, Revenue and 2026 Forecast

The MarketWatch News Department was not involved in the creation of this content.

Oct 05, 2020 (The Expresswire) —
Fortune Business Insights offers a detailed overview of the global market in a report, titledThe global online payment market is set to gain traction from the increasing deployment of artificial intelligence (AI) for improving payment processing, surging transactional volume, and detecting payment fraud. This information is given byFortune Business Insights™in a new report, titled, “Online Payment Market Share, Size and COVID-19 Impact Analysis, By Payment Type (Mobile Payment, Online Banking, and Digital Wallet), By Industry (Media and Entertainment, Retail, BFSI, Food and Beverages, IT and Telecom, Transportation, and Others), and Regional Forecast, 2020-2027.” The report further states that the market size was USD 3,286.52 billionin 2019 and is projected to reachUSD 17,643.35 billionby 2027, exhibiting a CAGR of 23.7% during the forecast period.

The emergence

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  • October 5, 2020

Product traceability in the Food & Beverage industry

If cleanliness is next to godliness, traceability is next to transparency – a virtue very much in demand in today’s Food and Beverage industry. There is more to this rising trend than simply an increasingly informed body of consumers looking to make woke product choices.

What is product traceability?

The International Organization for Standardization defines traceability as:

“The ability to follow the movement of a feed or food through specified stage(s) of production, processing and distribution” (ISO 22005/2007)

The standard also explains the principles and requirements for the design and implementation of feed and food traceability systems. The Codex Alimentarius Commission uses similar wording (CAC/GL 60-2006) and sets out “principles for traceability/product tracing as a tool within a food inspection and certification system”.

A closer look at traceability, also known as the “one-step-back-one-step-forward principle”, reveals two major distinctions:

1. Internal vs external traceability

  • Internal traceability requires companies to
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  • October 5, 2020

Maine construction industry remains strong amid economic downturn

Maine’s construction industry remains strong and major private developments are still on track as the coronavirus pandemic hammers other sectors of the economy.

But the future of construction and development in the state remains uncertain. New hotel, restaurant and retail developments are unlikely in the immediate future as those economic sectors face huge challenges. The likelihood of state and local revenue shortfalls puts new infrastructure spending in doubt. The threat of a resurgent coronavirus that could upend economic progress lurks in the background.

“Maine has done better than most states so far, but we are heading into a rough period for non-residential construction,” said Ken Simonson, chief economist for the Associated General Contractors of America.

Maine’s construction industry employed about 29,300 people this August, just 300 fewer than last year, according to the federal Bureau of Labor Statistics. Construction was designated an essential industry and allowed to continue operating during

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  • October 5, 2020

Online Travel Market : Industry Insights , Major Key Players and Current Trends Analysis

The MarketWatch News Department was not involved in the creation of this content.

Sep 29, 2020 (AmericaNewsHour) —
Kenneth Research has published a detailed report on Online Travel Market which has been categorized by market size, growth indicators and encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2019-2026.

Request To Download Sample of This Strategic Report:

The report covers the forecast and analysis of the Online Travel Market on a global and regional level. The study provides historical data from 2015 to 2019 along with a forecast from 2019-2026 based on revenue (USD Million). In 2018, the worldwide GDP stood at USD

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  • September 30, 2020