The region is poised to reap significant financial, environmental, and cultural benefits. I may be biased, but I believe that Latin America is among the best places to travel in the world. There are diverse ecosystems, incredible food and drinks, and enthusiastic celebrations of culture and history. However, tourist tastes…

The Michelin Guide will begin rating hotels in 2024, potentially transforming the industry. The Michelin Guide, the prestigious restaurant rating system, recently announced its plans to begin rating hotels. Starting early next year, 5,000 esteemed hotels around the globe will receive a Michelin Key rating. “Just as the Michelin Star…

During the pandemic, Americans amassed as much as $2.3 trillion in savings. Now, only a few years later, inflation and other economic pressures have significantly depleted that cushion. But that may not be as bad for the travel and tourism industries as it sounds. There are almost no silver linings…

While Latin American consumers gravitate towards better quality foods, Latin cuisine is trending internationally. Latin American cuisine is as varied as the countries and cultures that make up the region. …

Much to the relief of the global tourism industry, Chinese citizens are once again traveling internationally. But, after three years of restrictions, rising geopolitical tensions, and volatile economies, their buying behaviors may have changed since their last trip. At the end of 2022, China began rolling back its zero-COVID policy…

Millennials and Gen Z are drinking less wine overall, but their interest in canned wine is growing. Could this niche market help the wine industry? I recently wrote about the negative trend in wine consumption, largely due to its waning popularity among millennials and Gen Z customers. …

Premiumization is becoming commonplace for companies looking to maximize profits amid soaring inflation rates, among other challenges. Will it still have a role when consumer prices and spending stabilize? As the US navigates high inflation, economic uncertainty, labor shortages, supply chain issues, and lingering challenges brought on by the pandemic…

Travel demand is high despite predictions of an economic slowdown. Experts have predicted a financial downturn since the pandemic and the aftershock of inflation upended economies across the globe. Today, leading economies like China and the United States are experiencing slower economic growth as consumers face higher prices. Despite a…

While other food and beverage sectors faced heavy losses during the pandemic, the wine industry grew. Now that travel is back, a boom in wine tourism is expected to follow. According to a recent study, wine tourism is projected to reach nearly $14 million this year. By 2033, it’s expected…