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billion by 2027, growing at a CAGR of 5.2 percent from 2021 to 2027. These are the future of commercial cooking and the cooking equipment industry must be ready for it. According to Allied Market Research, the global commercial cooking equipment market is expected to reach $12.9
Rapid inclination of restaurateurs to adopt POS software for better management of operations will complement the restaurant POS terminals market by 2027. estimates that the restaurant POS terminals market could surpass US$25 billion by 2027. Surging Demand for Robust Restaurant POS Systems.
Starting in the 2027-28 school year, families who qualify for free or reduced meals will no longer have to pay junk fees when adding money to their child’s meal account.
As per a recent report by Global Market Insights, mobile wallet market size is projected to exceed USD 700 billion by 2027. Surging Deployment in the Restaurant Industry.
While brands are increasingly labeling their products with 2D barcodes, retailers have also recognized the value and committed to accept 2D barcodes at point of sale by 2027 in a GS1 US initiative called “ Sunrise 2027.”
From Nexi’s unique perspective, being involved in relevant working groups at a pan-European level and supporting the European Central Bank (ECB) in developing front-end prototypes, we can say that the Digital Euro is approaching fast and could be launched as soon as 2027.
Oetker Collection has revealed plans to open a new property in St Tropez in 2027. Working closely in partnership with the property’s owners, the Pariente and Essebag families, the new hotel — which is currently unnamed — is planned to open in time for the 2027 season.
The university has teamed up with the Humane World for Animals, formerly known as the Humane Society of the United States, to commit to making 60% of its dining options plant-based by 2027.
As per a recent report by Global Market Insights, mobile wallet market size is projected to exceed USD 700 billion by 2027. Surging Deployment in the Restaurant Industry.
In 2024 , Boulder became the largest city in Colorado to mandate gas-free buildings in all new builds starting in 2025 and in 2027, New York will prohibit new gas connections in most startings. Meanwhile , Berkeley, Colo. repealed the city’s first-in-the-nation ban on gas hookups in summer 2024, the result of a $300,000 campaign.
SH Hotels & Resorts, the hospitality management company founded by visionary Barry Sternlicht, Chairman and CEO of Starwood Capital Group, today announced plans to redefine luxury and sophistication in the Maldives with the forthcoming debut of Baccarat Hotel & Residences Maldives in 2027.
Langham Hospitality Group (LHG) and Artisan Hospitality, a joint venture led by a subsidiary of Singapore’s Oxley Holdings, are proud to announce the planned opening of The Langham, Kuala Lumpur in 2027.
The new hotel, set to open in 2027, joins Radisson Hotel Group’s rapid growing portfolio in the UK and Ireland, which now includes more than 70 hotels in operation and under development in the region.
Slated to open Q1 2027, W Manchester, with 162 rooms, will be the brand’s third property in the UK, with sister property, W Edinburgh set to open Q4 2023, bringing bold design, distinctive dining and always-on programming. Marriott International, Inc.,
Set to open in 2027, the hotel will bring The Hoxton’s imitable style to Australia for the first time, marking a huge milestone for the brand’s global growth.
While quick, heat-and-eat options will be a morning staple at home through 2027, each demographic shows distinct preferences. While most morning meals are prepared at home, on-the-go and away-from-home breakfast occasions are expected to experience some growth through 2027, driven primarily by Gen Z and millennial consumers.
Slated to open in 2027, the hotel will showcase an Art Nouveau design and emphasize wellness. Mandarin Oriental Hotel Group is set to revitalize and rebrand the historic Gellert Hotel in Budapest, renaming it as the Mandarin Oriental Gellert, Budapest.
Nestled in the heart of the renowned Primitivo wine region, La Maviglia will make its debut in Puglia in 2027, pairing the luxury of the Italian coastline with an unprecedented level of bespoke hospitality.
is pleased to announce that it has signed an agreement to operate and manage Hotel Okura Suzhou in Suzhou, China from 2027. Hotel Okura Co., The agreement with Suzhou Ronghe Real Estate Co., which is owned by Suzhou Harmony Development Group Co., Marimo Holdings, Inc. and Sumitomo Corporation, was signed on December 20.
The 5-star hotel, expected to open in 2027, will be located in Palazzo Caravita di Sirignano, adjacent to the Villa Pignatelli museum. Rocco Forte Hotels will launch its first hotel in Naples, after signing a management agreement with fashion company Capri Group.
billion in 2027. According to a recent report published by the Word Intellectual Property Organization, disability assistive technologies are seeing massive growth in the world market—so much so that the assistive tech market is expected to reach $31.6 For far too long, accessibility has had to catch up with innovation.
Looking towards Vietnam, Centara is set to open two exceptional properties in Vung Tau City, a popular destination along the southern coast in Q1 of 2027.
RIU Hotels & Resorts has reaffirmed its commitment to sustainability in the Maldives by renewing its collaboration on the Blue Reef Reforest project for a further three years (until 2027) and launching a new alliance with the Maldives Whale Shark Research Programme (MWSRP).
But younger South Koreans are more likely to have dogs as pets than for dinner, and this week, the South Korean National Assembly overwhelmingly voted to make the slaughter and sale of dogs for their meat illegal beginning in 2027.
It follows the previously announced projects in Maldives, Miami Beach and Bodrum which are set to open between 2026 and 2027. Bvlgari Hotels & Resorts is delighted to announce its newest project, the Bvlgari Resort & Mansions Cave Cay, in the Bahamas, scheduled to open in 2029.
The Group’s 4th hotel in Kenya and first Radisson property in the country, is the new build, 200 room Radisson Hotel Nairobi Airport, scheduled to open mid-2027. With proximity to JK International Airport, the property will be easily accessible to tourists as well as business travelers.
billion by 2027. Online Ordering Systems and Delivery Apps It’s believed that the global online food delivery market is estimated to be $130.2 billion and is expected to grow to $223.7
billion by 2027. Ghost kitchens allow operators to utilize commercial kitchens – sometimes in shared spaces with other brands – without the overhead of a full restaurant space and staff. The National Retail Federation called ghost kitchens a $43 billion industry , and Hospitality Technology predicts that number will rise to $71.4
Starting July 1, 2027, salary thresholds will update every three years, by applying up-to-date wage data to determine new salary levels. The July 1 increase updates the present annual salary threshold of $35,568 based on the methodology used by the prior administration in the 2019 overtime rule update.
one of Korea’s leading real estate developers, to manage Rosewood Seoul, a new build ultra-luxury hotel set to open in 2027. Rosewood Hotels & Resorts® has been appointed by Eleven D&C Co.,
In 2019, The Insight Partners, a research firm, estimated that the global RTD alcoholic beverage market would reach $40 million in 2027 from $26 million in 2018. v took off. The pandemic has only made RTDs even more popular.
though late to the game, is seeing an explosion in these types of kitchens and is expected to dominate the global market by 2027, according to Allied Market Research. Virtual kitchens, with their low barriers to entry and streamlined delivery focus, are a smart and inexpensive way to get your food into customers’ hands.
Conversational AI technology – ordering by voice agents like Siri and Alexa – is anticipated to generate $18 billion of incremental revenue by 2027, and that's just one possibility on the horizon. Virtual hospitality could also lead to more streams of revenue. Knowing your guests allows you to help them make decisions.
And experts predict the market will increase close to $500B by 2027. is the second-largest online food delivery market and generated an estimated $218B in revenue in 2022.
By year's end, the brand will have nine stores spanning California, Michigan, Texas and Virginia and is looking for franchise partners to take the brand across the country.
By 2027, the market research organization projects ghost kitchens’ worldwide market size to reach $112.53 For example, On A Roll Italian Subs, Latin Quarter Kitchen and A Pinch of Sugar, all with separate owners, operate out of the same building in Richmond, Va., through ghost-kitchen operator ChefSuite. Why the immense rise?
trillion by 2027. The global business travel industry has rebounded at a more accelerated rate than expected just a year ago and is now expected to surpass its pre-pandemic spending level of $1.4 trillion in 2024 − and grow to nearly $1.8 In 2022, global business travel spending rose 47% to $1.03
Set to open in 2027, Montage Punta Mita will feature 145 guestrooms and 62 Montage Residences and Pendry Punta Mita will feature 125 guestrooms and 32 Pendry Residences.
The California Food Safety Act —statewide legislation that bans the sale of foods containing red dye 3, potassium bromate, brominated vegetable oil, and propylparaben—was signed into California law by Governor Gavin Newsom on October 7, 2023.
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