When COVID-19 first became part of everyday conversations in the United States, it was all about lockdowns and consumers avoiding stores and restaurants. But as time goes on, foot traffic into these physical spaces is becoming more nuanced, depending on the U.S. state.
Consumers in lower-tier Chinese cities typically are entrepreneurs who have grown local businesses, made successful stock or property investments, and – this is the reality – are participants in the “grey” economy.
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Through artificial intelligence, we can create machines that perform tasks much faster than humans and, at some point – when they have learned human behavior – can replace humans completely.
French luxury group LVMH Moët Hennessy is spotlighting efforts in support of equal access to employment to mark International Youth Day.
L’École Asia Pacific, the educational arm of French jeweler Van Cleef & Arpels, is partnering with hospitality group Rosewood Hotel & Resorts for a children’s contest encouraging creativity.
Personal consumption makes up over two-thirds of the U.S. GDP and it dropped even more precipitously, down 34.6 percent on an annualized basis. This quarter marks the economy’s worse since the government started calculating GDP over 70-odd years ago.
As retailers, hospitality firms and businesses across sectors look to appeal to consumers during a difficult economic situation, marketers that can deliver personalized experiences will be the ones to cultivate the brand loyalty needed to survive.
Luxury hotels are courting engaged couples whose weddings are off with offers of small group weddings or elopement packages to help increase bookings as the COVID-19 pandemic has devastated the hospitality business.
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