The ability to add leisure to a business trip – bleisure – has traditionally been an important growth opportunity in hospitality. Now, years since the pandemic first impacted travel, corporate business working policies have changed dramatically. Tighter travel budgets and new communication technologies have diminished the need to travel for work, even as the individual interest in travelling remains. A new host of flexible working models have emerged, and hospitality players are adapting.
In 2022 societies have largely reopened, and most people are venturing outside the home again. However, the war in Ukraine and wide economic sanctions on Russia from multiple countries are adding to the aftermath of the pandemic. The cocktail of consequences facing food markets worldwide going forward spans the food supply chain, with various short-, mid- and long-term disruptors to raw materials supply, as well as manufacturing and distribution.
Global disruptions caused by the war in Ukraine, soaring energy prices and the pandemic have brought new challenges for businesses, but also new opportunities. While post-pandemic economic growth diminished unemployment, with increasing numbers of job vacancies, the labour market has tightened in many advanced economies, with companies battling for skilled employees.
The global economy is on course for a sharp slowdown, with a worsening outlook for the rest of 2022 and below-trend growth forecast for 2023. A looming energy crisis in Europe, the surging cost of living, a sharp tightening of global financial conditions, and slowdown in China are major negative factors. As more economies face recession in 2023, the year ahead will be challenging for businesses and consumers worldwide.
The market for hair loss treatments is growing rapidly across Europe. While recent scientific reports suggest that hair loss is a possible long-COVID side effect, the market is generally fuelled by increased stress, anxiety, and new kinds of work pressure generated by post-pandemic lifestyles.
Global sales of luxury goods are set to grow by just under 6% in 2022, according to the latest data published by Euromonitor International. The outlook also remains positive, with sales set to exceed the pre-pandemic level by 2023. This article will examine the impact that COVID-19 is having on the industry today, how our behaviour has changed and how we are becoming steadily acclimatised to living with the virus.