Will The Global Hotel Industry Survive the Pandemic?
July 14. 2021
The hotel industry has been on a growth trajectory since the world emerged from the Great Recession. During this decade, occupancy rates across all regions worldwide increased. For example, Europe’s occupancy rate in 2019 was 72.2%, about three percentage points ahead of Asia Pacific in second place. However, no hotelier was prepared for the cards that 2020 dealt them. The coronavirus hit hard and fast. Within three months of the first known death, governments worldwide were restricting international travel. Will global recovery bene...
Branson One-Ups Bezos in The Space Race
July 14. 2021
On Sunday, 11 July 2021 above the ground in the scorching New Mexico sun, the VSS Unity blasted off from its mothership. Inside were Sir Richard Branson and his crew, and the mission was to experience weightlessness in space for a few minutes. During the trip, Branson said he aimed to experience the new space age before he begins taking paying customers on space tours. After the trip, he addressed a group of jovial supporters in which he said, “Space is for all humanity.” For Branson, the successful trip is a dream come true O...
Food Delivery Service, The Next Frontier for Technological Disruption
July 07. 2021
More than 12 months have passed since covid-19 started bearing down on us. The pandemic will be remembered for initiating a dramatic shift in how the food industry operates. The food and agricultural industry is critical to human existence. According to Plunkett Research, the industry's share of the world's GDP was 10% in 2018, valued at $8.7 trillion. However, the global food delivery network is poorly developed. As a result, most farmers rely on antiquated delivery systems to reach their crops on consumers' plates. Their problems worsen...
For Indian Billionaires, Making Businesses Green Is Key To Survival
July 01. 2021
India is the world’s largest air polluter after the US and China. According to Carbon Brief, a climate advocacy group, India’s carbon profile has been rising incrementally over the past two decades.
MarketCurrents welcomed Bharat Bhise of Bravia Capital in New York as well as Nitai Utkarsh of HeroMoto Corp’s family office based out of Delhi. Sumehr Sondhi moderated this panel on The Indian Investment Landscape.Read More
Which US States Boast The Highest Population Of Ultra-Wealthy Individuals?
June 23. 2021
Elon Musk announced at an event late last year that he had relocated to Texas. He also said plans to move his business empire from The Golden State to the Lone Star State were in high gear. Obviously, the revelation was massive news because Mr. Musk was the richest man on earth at the moment. But there was more to read into the story because in the same year, three notable tech billionaires – Joe Lonsdale, Drew Houston, and Larry Ellison – had revealed their intentions to move out of California. One would imagine that the high-profile...
The Nordic Region Sees Incredible Wealth as It Recovers from The Pandemic
June 18. 2021
Once the economic impact of the coronavirus pandemic became clear, it was impossible to imagine a scenario where some people became more affluent. Interestingly, this is the scenario playing out today. Wealthy individuals in many parts of the world gained incredible wealth during the pandemic. According to Knight Frank’s The Wealth Report 2021, the world’s ultra-high-net-worth individual (UHNWI) population was 2.4% higher in 2020 to over 520,000. Most of the new wealth, says the report, comes from higher asset prices emanating from mor...
The Pandemic Triggered History’s Biggest Wealth Transfer in A Single Year
June 08. 2021
Lockdown is one of the most dreaded terms among the world’s poor. Since March 2020, governments worldwide have rushed to lock down people into their homes to control the spread of the coronavirus disease.