As millennials and Gen-Z are driving a boom in luxury travel, they are also giving critical insights into how they may wield their purchasing power in other industries. As I recently shared, luxury travel is back in a big way. And while there are a number of factors for this…

The global market is estimated to be worth $16 billion in the next five years Wagyu beef is growing in popularity and there are few signs of it slowing. In 2021, the global Wagyu market was worth more than $11 billion. This was a banner year as Japan exported around…

In the wake of turbulent economies and multiple bank failures, the market is top of mind for many investors. While some have become more conservative, other investors are looking to diversify their portfolios through alternative assets like wine. At the end of 2022, Liv-ex Fine Wine 1000 (which measures the…

Americans love beer. In 2021, 187 million barrels of beer were consumed, making it a $100 billion market. So it might be shocking to learn that for the first time, distilled spirits surpassed beer in sales in 2022–with spirit sales at 42.1 percent of the alcoholic beverage market share and…

Travel is back despite years of pandemic-related hardships, and neither inflation nor still-recovering economies seem to be slowing it down. Just last year, air travel soared to 70 percent of its pre-pandemic levels worldwide. …

Over the past year, the Consumer Price Index has risen 6 percent, with the highest peak at 9.1 percent in June last year–the biggest increase since November 1981. Consumers are feeling the brunt of inflation prices, and it is particularly impacting eating out and drinking habits. …

Last year, I wrote about the airline industry revamping the business class experience. From new seating to destination-inspired menus, all signs pointed to the sector betting on work travel for its COVID-19 pandemic recovery. …

Anyone who thought the legal cannabis boom would bust should think again. While admittedly the industry isn’t growing like weeds as it once was, it’s still on the rise. Despite differing laws throughout the world (and in the case of the United States, throughout the country), global legal marijuana sales…

When Russia invaded Ukraine last February, many feared the price of grain would skyrocket. While the cost of war is incalculable on many fronts, this would have been a disaster for Europe and other areas around the world that rely on Ukraine for wheat, maize, and other grains. Known as…