Coty Inc., a prestigious beauty company, holds a notable position in the global beauty and personal care market. With a dynamic portfolio encompassing color cosmetics, hair color, fragrances, and skin & body care, Coty caters to a diverse market segment. Despite facing sizeable challenges such as fluctuating market trends and...
Discover more insightsUnderstanding and interpreting financial metrics is crucial for success in the hospitality sector. These metrics, which include revenue per available room (RevPAR), gross operating profit per available room (GOPPAR), and average daily rate (ADR), can provide valuable insights into a hotel’s operational efficiency, cost structure, and price positioning in the...
Discover more insightsCOVID-19, a global pandemic of unprecedented scale, impelled governmental authorities to impose immediate shutdowns, travel restrictions, and social-distancing mandates. These measures severely curtailed the operations within the Accommodation & Food Services sector. Fractured supply chains, coupled with dwindling consumer spending, dented revenues and left many enterprises grappling with existential threats.
Discover more insightsThe provision of equipment tailored for the hospitality industry, particularly for hotels and restaurants, is taking a prominent role in the commerce landscape. This sector is currently benefiting from the rapid digitization and growing demand for smart appliances, ensuring efficiency and sustainability. Technology integration, such as IoT enabled devices, is...
Discover more insightsShaping the future of the hospitality sector is a convergence of innovative elements integral in the rapid development of hotels and eateries. Technological advancements have ushered in digital evolution, leading to the rise of online booking channels, AI-driven services, and cashless transactions. Sustainability is another key trend incorporating eco-friendly practices,...
Discover more insightsThe gastronomy and accommodation sectors have encountered a variety of challenges. Draconian measures have been imposed globally as a response to the pandemic, resulting in significant contractions within these sectors. The decline in international travel constituted an additional blow.
Discover more insightsIn recent years, the consumption patterns in the global food industry have been continuously changing due to shifts in lifestyle and consumer preferences. The niche markets for coffee, tea, and spices have particularly come to light. This surge in consumption stems from a growing consumer predilection for gourmet experiences, health...
Discover more insightsThe soup segment within the food and beverage market in Bosnia-Herzegovina has shown steady growth recently. This could be attributed to the culture which sees soup as an important part of daily meals and to the boost in the convenience food industry. Instant soups and broths have become popular products...
Discover more insightsThe hospitality industry has significantly evolved with the integration of intelligent solutions. The emphasis is on personalized and expeditious services to enhance guest experience. Data analytics, AI and IoT are being harnessed for strategic decision making, optimizing operations and creating unique experiences. Cloud-based solutions offer scalability, flexibility and cost efficiencies....
Discover more insightsThe dynamism in the sector of temporary lodging services, excluding residential, is largely propelled by economic growth, travel trends, and technological advancements. Economic upswing enhances disposable income, thereby encouraging tourism and business travel. Meanwhile, evolving consumer behaviors, like the rising predilection for unique travel experiences, have contributed to diversified service...
Discover more insightsCapsule hotels, based on a Japanese concept, offer small, affordable accommodations in often densely populated areas. They have been gaining worldwide popularity and the market segment is poised for significant growth. Densely urbanized regions with high rental costs are ripe for such innovations where cost-effective lodging is a necessity for...
Discover more insightsThe wedding services sector, like several other segments, has faced its share of challenges owing to global disturbances. The paradigms of celebration have been greatly affected due to health, safety, and travel restrictions, with sectors facing new operational paradigms. This unexpected shift led to a reduction in large weddings, affecting...
Discover more insightsTaiwan's hospitality industry is on an evolution trajectory, driven largely by market dynamics and consumer patterns. Technology has fundamentally disrupted operational approaches, with digitization fostering efficiency in service delivery. These changes are tethered to the digital consumer's expectations, dictating a shift from traditional accommodations to online hotel bookings and experiences....
Discover more insightsIn the realm of contemporary hotel management, emphasis on technology application is conspicuous. Firms are no longer relying on traditional management approaches but leveraging hotel and hospitality management software. This digital transition has transformed operations in many ways, cutting costs, enhancing efficiency, and improving customer experience. The high degree of...
Discover more insights