WORLD NEWS

ITC’s momentum mirrors India’s US$500 billion tourism goal by 2030, blending legacy brands with innovators.

Initially eyeing Korea’s vast opportunities against Starbucks’ 1,900 outlets, where Compose holds 8% share, Shin now pivots to ASEAN headwinds with Luckin Coffee and Malaysia’s ZUS Coffee.

The consortium inherits US$1.2 billion system sales with 5% SSS targets via localization, Nashville hot hashbrowns, Korean BBQ skillets, and loyalty data monetization.

While the precise stake size for Ajanta remains under wraps, insiders suggest it could evolve toward majority ownership as additional shareholders reduce their positions.

These launches cap a banner 2025 with five new properties, pushing Radisson Collection toward 40 global sites.

ezCater’s marketplace, serving 4 million users, handles logistics, analytics, and dietary filters, curbing no-shows via real-time tracking.

Subway EMEA president Tracy Gehlan hailed Azerbaijan as a prime expansion frontier, praising N Sky Build’s market savvy and execution prowess for strategic scaling and standout service.

For hospitality sectors, this injects momentum: Finnish tourists, 1.2 million outbound yearly, flock to Dubai’s resorts, boosting QSR demand in transit lounges and beachside grab-and-go spots.

This partnership arrives timely for QSRs battling labor crunches and inflation; preserved margins fund menu innovation like sustainable sourcing or AI-driven personalization.

Middle Eastern airlines led with 9.6% demand growth, 9.2% capacity rise, and 81.4% load factor, up 0.3 points compared to the previous year.