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With EV adoption in the UK tripling over the last three years , driven by the government’s ambitious plan to ban new ICE (Internal Combustion Engine) vehicle sales by 2030, now is as good a time as any for hotels to get involved. Projections show that there will be 1.4
The partnership marks the first-ever standalone glamping investment from a public REIT in the segment, which has a 14% forecasted revenue CAGR from 2022-2030, and represents a major step in the maturation of the alterative accommodation market to the institutional level, according to the companies.
AI technology is already having a massive impact on society, and a recent report from PwC estimates AI could add nearly $16 trillion to the global economy by 2030 and account for nearly half of all economic gains through product enhancements, increased consumer personalization and affordability over time.
The market is becoming increasingly competitive for independent accommodation providers, with large hotel chains quickly adapting and OTAs investing to capture travellers. Last year, the boutique hotel market was estimated to be worth USD$9,962.60 Standing out in the market Targeting Foreign Markets The world has changed since Covid.
A study by PwC predicts that the most significant boosts to GDP from AI will be in China (26% in 2030) and North America (14.5%), totaling a staggering $10.7 The potential of AI in the travel and hospitality sector is enormous, with the market estimated to exceed $1.2 billion by 2026, growing at a CAGR of over 9.7%
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Budding professionals can take advantage of: Dynamic growth opportunities: Dubai’s hospitality sector is experiencing rapid growth, with 25% growth expected by 2030 , driven by ongoing infrastructure development, innovative projects, and increasing tourism arrivals.
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