American hotel forecasts remain stable in 2025-gathering (meeting |
Costa and Tourism Economics have the least adjusted growth forecast for the first hotel forecast in the United States in 2025, and have just been released at the American Accommodation Summit (Alis). For 2025, the expected daily tax rate (ADR) and the available room income (REVPAR) are expected to be unchanged, respectively,+1.6 % and+1.8 %, respectively. The one -year check rate increased by 0.1 PPTS to 63.1 %. "Although business optimism is getting greater and greater, economic data has not changed significantly compared with previous forecasts." "The performance seen in the fourth quarter is stronger. (Including holiday travel compression and incidents related to weather), it does not constitute a change in trends. High -end hotels will continue to promote industry performance. "It is expected that the economic situation in 2025 will provide a favorable background for travel activities. The unemployment rate is low, the inflation rate is slow, and consumers are spending, especially those families with high income. Commercial investment…
Global economic growth is expected to remain stable
The United Nations predicts that global economic growth will remain at 2.8% in 2025, maintaining the growth rate set in 2024. According to Reuters, this trend is affected by the economic slowdown in the world's major economies, the United States and China. The World Economic Situation and Prospects report outlines how modest recoveries in the European Union, Japan and the United Kingdom, as well as strong performance in India and Indonesia, are expected to provide supporting momentum. Also read: Global economy stabilizes but faces slow growth and ongoing challenges Despite these positive indicators, the report noted that global growth expectations remain below the pre-pandemic decade average of 3.2%. The slowdown is due to structural challenges such as weak investment, slow productivity growth, high debt levels and demographic pressures. Affected by a cooling labor market and reduced consumer spending, U.S. economic growth is expected to slow to 1.9% in 2025 from 2.8% last year. At the same time, China's economic growth…
Cargo dynamics remain stable during challenging holiday season
Despite the challenging holiday season, freight dynamics have remained stable, as reflected by the Shipper FreightWaves Supply Chain Pricing Power Index remaining at 40 for a week in a row. An unchanged index value indicates that shippers continue to maintain balanced pricing power with carriers. According to the data cited in the FreightWaves report, the coming weeks are expected to provide clearer direction, especially after the New Year's reset. Also read: Carriers regain support in freight talks amid seasonal slowdown Market signals indicate seasonal patterns FreightWaves SONAR insights show that the Outbound Tender Volume Index (OTVI) dropped significantly by more than 31% compared to last week. It comes as the freight industry grapples with logistics disruptions caused by the midweek holidays. Contract load acceptance, which tracks the amount of load accepted, is consistent with this trend, reporting a similar decline. It is worth noting that among the different freight markets, only four markets saw freight volume growth, and these were…
2025 Lexus LC gets fresh paint and subtle tweaks that remain
Lexus brings back custom build packs, offering more customization options for those who want a little extra flair go through Brad Anderson 17 hours ago The updated LC model features new front and rear floor supports that enhance overall handling. Lexus' 5.0-liter naturally aspirated V8 engine continues to power the most powerful LC model. For those looking for improved fuel efficiency, there's still the option of a 3.5-liter V6 hybrid. Sure, the Lexus LC hasn't had any major updates since 2017, but it still stands out as one of the few truly beautiful sports cars still available for purchase. Now, for the 2025 model year, Lexus has introduced a series of subtle updates to coupe and convertible models to ensure the LC remains competitive. Modification starts with the LC 500 and LC 500h Coupe. Both models now come standard with additional front and rear floor supports for added rigidity, which will have a positive impact on the car's handling. Lexus…
Chrysler Uconnect lawsuit continues, but several claims remain
The infotainment systems installed in Chrysler Pacifica and Chrysler 300 vehicles are said to be defective. September 13, 2024 — As multiple Chrysler Uconnect lawsuits have been dismissed over the past few years, this one will continue to make its way through the courts. After four years of trial, the lawsuit still has not been certified as a class action. The Uconnect lawsuit alleges that the defective infotainment systems were installed in 2017 through 2019 Chrysler Pacifica and 2017 through 2019 Chrysler 300 vehicles. The Uconnect system's backup camera and navigation system are said to be faulty, and owners have also complained about the infotainment system suddenly freezing or the screen going black. FCA allegedly knew before the vehicles were first sold that the Uconnect infotainment system would require frequent software updates and expensive replacements of Uconnect screens and related components. As repeated in every auto class action lawsuit in the U.S., the plaintiffs claim that "had FCA disclosed the…
Despite challenges, supply chain leaders remain confident in recovery plans
New research from CargoWise shows that while supply chain professionals are increasingly diversifying their networks and leveraging real-time monitoring to address rising risks such as geopolitical tensions and cybersecurity threats, many may be overconfident in their ability to recover from disruptions due to a lack of consistent scenario planning. See also: GEP Report: Global manufacturing slowdown intensifies as supply chain capacity reaches peak in 2024 The study, Future-proofing Supply Chain Operations: Leveraging Technology for Lasting Impact, surveyed more than 450 global logistics professionals between March and April 2024. Findings show that while 57% of respondents are confident in their recovery strategies, only 32% regularly conduct scenario testing to assess their responses to potential threats. Key Insights Main concerns: Geopolitical tensions and cybersecurity threats are the top risks to global supply chains, with North American professionals particularly concerned about cyberattacks (28%, compared to a global average of 19%). Diversified and real-time monitoring: To mitigate risk, companies are prioritizing multi-sourced supply chains…
US freight demand remains stable, container prices remain stable
The global container shipping industry continues to witness an increase in demand for US freight, with 59% of supply chain professionals surveyed in August 2024 affirming this, while 30% of respondents said they did not observe a sustained increase in demand and 11% remained unsure about the trend. This also explains the continued upward pressure on US container prices and the above-average container leasing rates from China to the US. Figure 1 US freight demand survey conducted by Container xChange in August 2024 "Looking ahead, the key question remains: how will freight and container prices evolve over the next 3 to 6 months? On the one hand, several factors are likely to keep freight rates high or at least stable. For example, ongoing disruptions on the Red Sea continue to absorb capacity, with no clear resolution in sight. In addition, labor disputes on Canadian railroads and at U.S. East Coast terminals have led to delayed container turn times. This means…
In the age of AI, soft skills remain ‘critical’
A focus on learning how to use AI in the workplace should not come at the expense of developing soft skills — after all, workplace participants are human. By Casey Gale Zena Burgess, PhD, FAPS, FAICD, CEO of the Australian Psychological Society, and Laura Caprioli, Growth Initiatives and Stakeholders Manager at VisitBritain, discuss their shared considerations of soft skills when recruiting new staff on the Convene podcast. The discussion about the need to start using artificial intelligence as an aid to driving to improve work efficiency has become too intense to ignore. According to the World Economic Forum, by 2030, artificial intelligence will affect 85 million jobs, "and will create millions of new jobs that don't yet exist," said futurist and author of "The Future of AI." Generative AI in Action: Generative AI is changing business and society in over 100 amazing waysin the recent Forbes article. But as AI adoption in the workplace grows, so too will the need…
Explore the latest exhibition information and industry trends at ASAP Expo Magazine. Your one-stop platform, bringing together global exhibition highlights, industry trends and in-depth analysis, to help companies accurately connect with the market and seize business opportunities.
