Faye, an emerging player at the nexus of travel and financial technology, has successfully raised $31 million in Series B funding, significantly boosting its total capital to $49 million. This funding round saw major contributions from Portage Ventures, Lumir Ventures, and the continued support of
John Groh, the president and CEO of the Rockford Area Convention & Visitors Bureau (RACVB), driven by his profound understanding of destination management and marketing, has been instrumental in transforming Rockford, Illinois, into an appealing place to visit, live, and work. This article explores
Amid the age of social media and viral travel trends, marketers face a unique challenge: promoting destinations that have gained sudden popularity while ensuring these spots are not overwhelmed by visitor influx. Platforms like TikTok have revolutionized travel behaviors, leading to over-tourism,
The Maldives Marketing and Public Relations Corporation (MMPRC/Visit Maldives) and the Maldives Association of Tourism Industry (MATI) have taken a significant step towards enhancing the Maldives' prominence as a top tourist destination through a newly signed memorandum of understanding (MoU). This
Destination Marketing Organizations (DMOs) are set to navigate through a complex landscape in 2024, driven by ongoing economic uncertainty, rapid advancements in artificial intelligence, and an increased focus on sustainability and inclusivity. As these organizations adapt to evolving dynamics,
The article opens by discussing the recent strategic partnership between IGT Solutions and AuxoAI to establish IGTx, a business unit dedicated to driving AI innovation in the Travel, Transportation, and Hospitality (TTH) sector. This collaboration aims to enhance productivity and profitability for
The global event industry is experiencing significant growth and transformation, propelled by the increasing demand for in-person, hybrid, and virtual events. Valued at approximately $890 billion USD in 2020, it is projected to exceed $2 trillion USD by 2028. For event venues, the economic
Aseema Kazi, a 41-year-old serial entrepreneur, CEO, and author, is revolutionizing South Africa’s hospitality industry through a commitment to health consciousness and innovative ventures spanning culinary excellence, fashion, and philanthropy. As the driving force behind the Baluchi Group of
The Bank of England (BOE) is set to make a critical decision on August 1, 2024: whether to maintain or reduce the base interest rate from its current 5.25%. This choice holds significant implications for the UK’s hospitality and catering industry, which is exceedingly sensitive to changes in
The anticipation surrounding England's participation in the Euro 2024 final against Spain in Berlin extends beyond the excitement of the match itself. It represents a significant opportunity for the UK's hospitality sector to bolster its recovery efforts after being hit hard by the COVID-19
