Responsible World Development
The tourism and travel business produces approximately 10% of the world economy’s economic output and provides 1 out of 11 jobs, making it a major foreign sector. World Development examines several major developments worldwide and the future of hotel investment.
Endurance Against the Odds Amid a New World Order
Hotel investment community has been asking itself where it should go now, with travel restrictions abounding in the headlines and populist movements reviving the world. Nonetheless, in the midst of increased political pressure and sluggish economic growth, mature economies will continue to spend more money on travel and emerging markets–not leaving outbound travelers with double-digit growth. Tourism and travel markets are underpinned by similar factors and, like the movements of the people, by investors ‘ money.