The global cruise industry, as reported by the Cruise Lines International Association (CLIA), experienced record-breaking growth in 2023, surpassing pre-pandemic levels and solidifying its position as a vital contributor to the global economy. The 2023 Global Economic Impact Study unveils a surge in passenger numbers, a significant boost to GDP, and the creation of millions of jobs worldwide.
Corporate Travel Management (CTM) has appointed Ana Pedersen as its Global Chief Commercial Officer (CCO), signaling a significant move to accelerate the company’s strategic global growth and innovation in the evolving corporate travel landscape. Pedersen brings over 25 years of experience in global sales, technology, and strategic partnerships, making her uniquely qualified to lead CTM’s ambitious growth plans.
Accor, a leading global hospitality company, has announced the appointment of two new Global Brand Presidents, Benoit Racle and Jean-Yves Minet, for its Premium and Midscale & Economy brands, respectively. These strategic appointments are expected to drive innovation and growth within Accor’s diverse brand portfolio, leveraging their extensive experience in hospitality and brand management.
Goldman Sachs strategists have recently identified two potential shifts in the risk landscape: the expansion of global growth and the reduction of inflation fears. While global growth has expanded and boosted equity markets and cyclical assets, inflation remains strong in the US, putting upward pressure on interest rates and restraining the strength of the US dollar. The strategists acknowledge the complexity of the current risk environment and expect inflation relief to be delayed but not eliminated, anticipating a gradual return to a more constructive equity backdrop over time. However, they remain cautious about engaging in rate markets due to strong nominal growth and the potential for further sticky inflation news to impact market confidence.
