article thumbnail

Future of Business Travel to Be Shaped by Demographic Shifts and Global Volatility by 2040

Hospitality Net

To commemorate the recently released 10th edition of their Global Business Travel Forecast report, CWT and the Global Business Travel Association (GBTA) have produced a special supplement titled 2040: Baseline, Boom, or Bust offering a comprehensive analysis of how these factors will shape corporate travel strategies by 2040.

75
article thumbnail

Supporting Guests and the Environment with Sustainable Restrooms

Modern Restaurant Management

By the year 2040, it’s expected that the United States will lose roughly 31 million acres of forest. Unfortunately, consumers and businesses in the United States have been the main drivers of this paper waste growth, generating 3.8 million tons of tissue paper and paper towel waste in just one year.

491
491
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Are EV Charging Stations Worth the Investment?

Modern Restaurant Management

Zero-emission vehicles (ZEV) will account for 70 percent of new passenger vehicles globally by 2040. In January, Tesla reported $5.5 billion in 2021 profits for their EVs – more than six times higher than its 2020 earnings. The spike in EV sales is due to a few key factors.

Staffing 473
article thumbnail

Vignette Collection announces global partnership with the World Literacy Foundation

Hospitality Net

Announced today, IHGs fast-growing collection brand will directly support the foundations mission to eradicate illiteracy by 2040. Vignette Collection is writing the next chapter in its A Means For Good story through a global partnership with the World Literacy Foundation.

52
article thumbnail

Pandemic Effects on Funding, Growth and People – Plus Predictions for 2024

Modern Restaurant Management

Predictions show by 2040, the United States will have over six million fewer working-age people than in 2022. More baby boomers than normal retired during the pandemic, and the American workforce is shrinking. Additionally, the younger workforce is facing obstacles with escalating childcare costs.

Staffing 309
article thumbnail

Travel 2040: 2.4 billion reasons to get excited about the future of travel

Hospitality Net

He recently partnered with Deloitte and industry experts, including the CEO for Europe, the Middle East, and Africa (EMEA) of Barceló Hotel Group, on new research that shows what the travel industry will look like by 2040.

52
article thumbnail

Flywheel of sustainability in the accommodation sector

Hospitality Net

Booking.com, a signatory of the declaration, has committed to achieving near-zero emissions by 2030 and net zero by 2040. The collective agreement made through the Glasgow Declaration should see emissions halve by 2030 and achieve net zero by 2050.

95