Dear Round-Up Readers, The week began with the beautiful and majestic state funeral for Queen Elizabeth, watched around the world. However, the media wasted no time in questioning the relevance of the royal family without Her Majesty. "Reality is Coming for Britain's Royals", in Bloomberg, keenly points out "the unique privileges––taxpayer-funded lavishness, no inheritance tax, immunity to prosecution—will increasingly come under hostile scrutiny," especially as Britain continues to face economic pressures. Speaking of the UK economy, by Friday, the pound hit its lowest point in 37 years-–1.09 USD as the government introduced the largest tax relief in five decades in the hopes of stimulating growth. Good news for tourists, part of that package brings back Tax-Free Shopping for foreigners! Come and visit me! On a more somber note, big admiration for the brave women of Iran, who have been protesting since last week when 22-year-old Mahsa Amini died in custody of the "morality police" after being arrested for not wearing her hijab properly. Protests have now spread to more than 40 cities with the government treating protesters harshly and cracking down on Internet usage. A sad reminder that women’s rights are under attack globally, whether in the US for reproductive rights or Iran for personal freedom. If you are interested in helping or supporting, click here. Our hearts go out to the people of Puerto Rico, half of whom are still without power after Hurricane Fiona. Other news from the week... Business, Women, and Random Trends: Black Women's Equal Pay Day: September 21––more of a call to action than celebration, the sobering reality is that Black women as a whole make just 58 cents for every dollar a white man makes. But for Black moms, the pay gap is even wider. Black moms are paid just 52 cents to every dollar a white dad makes. That adds up to $2,825 each month. And $33,900 over the course of a year. And in case you were wondering, working moms as a whole (aka moms of all races and ethnicities), on average, earn just 58 cents for every dollar working dads make. 80% of Black moms are key breadwinners in their household, with a majority of Black moms (60.9%) raising families on their own.
Too much free time won’t make you happier,’ says psychologist— This is a great (and quick) read from CNBC with 3 tips on how to use your free time for more happiness! We all could use that! How to move on after failure — and rebuild your confidence Great TED Talk (and article) with advice from astronomer Erika Hamden, an astrophysics professor at the University of Arizona, who recounts all the failures which happened while building FIREBall, a telescope designed to hang from a giant balloon 130,000 feet in the stratosphere, and how she moved on. The video is only 7 minutes, worth watching!
Travel & Hospitality news: The future of luxury hotels: Pay more but expect less Interesting read(s) from The Points Guy, Hotel Management, and Bloomberg, basically all saying the same thing: rates are through the roof, service not so much, and it doesn't seem to be impacting demand (so far). Unexpected Revival in Group Travel Boosts Hotel Owners Group business is recovering as corporate retreats, conferences and weddings bring people back together says WSJ. Rosewood CEO Sonia Cheng on Yahoo Finance on how COVID altered guests' behavior great video and article about what Rosewood has done to cater to shifting consumer demands. HER OWN STORIES: How organizations, programs, and initiatives are helping women entrepreneurs write them In case you missed this large feature in the August issue of Hotel Business, which included many of the programs we've been covering in hertelier: Women Own the Room, She Has a Deal and Red Roof. "Health is the new Wealth" and other Millennial Travel Trends Globetrender interviews Little Emperors founder Rebecca Masri on the trends shaping the future of luxury travel in 2023. Why Hospitality Providers Are Entering Retail And What It Means For Brands we profiled LiBi, Suzanne Mahoney's start-up in the hotel retail space, interesting to see Forbes doing a similar story about how to monetize guestrooms for retail. The Coolest Boutique Hotel in Stockholm Doubles in Size Loved this WSJ profile of Ett Hem founder Jeanette Mix, who has expanded her beloved Stockholm hotel into two neighboring buildings. A Solution to Food Waste: Apps Several companies say they are tackling food waste by connecting people with unsold food from restaurants and grocery stores. Personally, I am a huge fan of TooGoodToGo.
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On hertelier this week: Big welcome to our new subscribers! The story in Forbes, How Women Are Changing The Hotel Industry, keeps bringing new readers! Super excited to have you here. Lots of stories to share! Big thanks to all who filled out the summer survey! Really appreciate all the insightful feedback about why you read hertelier, what you'd like to see more (and less) of, and your interest in sponsorships. Yay!! The biggest takeaway: over 70% of you would like to attend a hertelier event. Stay tuned for more on that in 2023!! Also, if you didn't fill out the survey and have feedback or ideas for me, just reply to this email. If you love reading the Round-Up, please forward this email to a friend or colleague! They can see all the past issues and sign up by clicking here. If you're celebrating Rosh Hashana, Happy New Year! Have a great week! Em |
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