F&B

EQS-News: Rising demand from short-term guests is driving average daily rates in the serviced apartment sector in Germany up by over 22 per cent - Consulting firm Apartmentservice publishes results

Retrieved on: 
Saturday, December 30, 2023
Travel, City, F&B, ADR, RevPAR, Coronavirus, EUR, TFE

The serviced apartment industry in Germany reported record figures in almost all areas up to September 2023.

Key Points: 
  • The serviced apartment industry in Germany reported record figures in almost all areas up to September 2023.
  • The average daily rate per apartment (ADR) rose from EUR 85 to EUR 104 in less than a year, an increase of more than 22 per cent.
  • In autumn, 73 percent of operators are positive and very positive about the development of the overall market in Germany.
  • The segment will grow by 24.5 per cent in Germany by the end of 2026 (as at 31.10.2023).

Society Pass Inc. (Nasdaq: SOPA): Litchfield Hills Initiates Equity Research Coverage; SOPA Growing Rapidly and Nearing Positive EBITDA Inflection

Retrieved on: 
Wednesday, December 27, 2023
Online, SOPA, Entrepreneurship, Ecosystem, Travel, Gorilla, GMV, CFO, Java, Research, Acquisition, F&B, Grab, TMG, ERG, Customization, Java version history, Sopa, Advertising, Goto, Growth, Social media, Uber, GAAP, ESIM, Corporation, EV, Video game

NEW YORK, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Society Pass Inc. (Nasdaq: SOPA) (“SoPa” or the “Company”), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, announces that Litchfield Hills Research (“Litchfield Hills”) has initiated equity research coverage on SOPA.

Key Points: 
  • NEW YORK, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Society Pass Inc. (Nasdaq: SOPA) (“SoPa” or the “Company”), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, announces that Litchfield Hills Research (“Litchfield Hills”) has initiated equity research coverage on SOPA.
  • Click Here (on Society Pass website) to view the full Litchfield Hills Equity Research Report.
  • Litchfield Hills forecasts positive EBITDA as SOPA shifts from its early growth strategy to a focus on profitability under its new CEO.
  • Based on an EV/Revenue multiple of 4.8 times its estimate 2025 revenue estimate of $25.5 million, Litchfield Hills values SOPA at $123 million.

Americold Partners with RSA Cold Chain and DP World to Bring a New State-of-the-Art Cold Chain Logistics Platform to Dubai

Retrieved on: 
Tuesday, December 12, 2023
DP, Partnership, DP World, F&B, Temperature, RSA, Gulf Cooperation Council, GCC, Jebel Ali Free Zone, Port, Life, Transport

This investment builds on the strategic collaboration between Americold and DP World, the leading provider of worldwide smart end-to-end supply chain logistics with a global port infrastructure.

Key Points: 
  • This investment builds on the strategic collaboration between Americold and DP World, the leading provider of worldwide smart end-to-end supply chain logistics with a global port infrastructure.
  • The new facility will offer multi-temperature capabilities and connect to DP World’s best-in-class logistics solutions.
  • Earlier this year, RSA Cold Chain entered into a long-term land lease agreement with DP World to support this development.
  • In March 2023, Americold announced a strategic investment into RSA Cold Chain in Dubai.

Exploring the RET Ecosystem: Innovating Real Estate and Beyond with Blockchain Technology

Retrieved on: 
Wednesday, November 29, 2023
Metaverse, VR, Ecosystem, Real estate, Food, F&B, Real estate development, RET, Hotel, Virtual reality, Drink, Artificial intelligence, Augmented reality, Non-fungible token, Element, NFT, International airport, IP, Investment, Growth, Tourism, Hospitality management studies, Cryptocurrency

This includes purchasing intellectual property (IP) in sectors such as real estate, food and beverages, hotels, and tourism, all tokenized as NFTs.

Key Points: 
  • This includes purchasing intellectual property (IP) in sectors such as real estate, food and beverages, hotels, and tourism, all tokenized as NFTs.
  • Through RET tokens, investors can acquire fractional shares in high-value assets like real estate NFTs, making investment more accessible and flexible.
  • Liquidity in Real Estate Investment:
    By enabling the purchase of real estate as tokenized assets (NFTs), RET tokens help to address the issue of illiquidity traditionally associated with real estate investments.
  • Together, these diverse sectors and partnerships under the RET project aim to harness the power of blockchain technology, creating a dynamic and interconnected ecosystem.

Lee Yewon wins WEMIX CHAMPIONSHIP 2023

Retrieved on: 
Tuesday, November 21, 2023
Athlete, VIP, F&B, Non-fungible token, DAO, NFT, KLPGA, Prize, KRW, Cryptocurrency

Seoul, South Korea, Nov. 21, 2023 (GLOBE NEWSWIRE) -- WEMIX CHAMPIONSHIP 2023, the first KLPGA golf tournament to offer all-crypto prize money and hosted by top game developer Wemade, was won by rising local golfing star Lee Yewon.

Key Points: 
  • Seoul, South Korea, Nov. 21, 2023 (GLOBE NEWSWIRE) -- WEMIX CHAMPIONSHIP 2023, the first KLPGA golf tournament to offer all-crypto prize money and hosted by top game developer Wemade, was won by rising local golfing star Lee Yewon.
  • 24 players including the top 20 in the KLPGA K-rankings, competed for record-setting total prize money of 1 million WEMIX (US$1.81 million or KRW 2.34 billion).
  • Lee, the number 2-ranked player, took home 250,000 WEMIX (US$452,500 or KRW585 million), the biggest winner’s share of tournament prize money on the tour.
  • WEMIX CHAMPIONSHIP is part of Wemade’s plans to create blockchain-based token-gated experiences for real-world sports events that will enable athletes to more deeply engage with fans and spectators.

Food & Beverage Industry Revolutionized by Advanced Active, Controlled, and Intelligent Packaging Markets - ResearchAndMarkets.com

Retrieved on: 
Friday, December 22, 2023
Packaging, Manufacturing, Tetra, Research, Food safety, Amcor, Drink, F&B, Strategic planning, Asepsis, Control, Intelligence, Food, Tetra Pak, DOW, Longevity

With a comprehensive industry analysis of the latest advancements in the active, controlled, and intelligent packaging market, this new research publication offers a deep dive into how these packaging technologies are modernizing food and beverage sectors worldwide.

Key Points: 
  • With a comprehensive industry analysis of the latest advancements in the active, controlled, and intelligent packaging market, this new research publication offers a deep dive into how these packaging technologies are modernizing food and beverage sectors worldwide.
  • The segmentation categories aim to deliver unparalleled insight into how each packaging method enhances food safety, extends shelf life, and supports sustainability initiatives.
  • In the realm of controlled packaging, modified atmosphere and controlled atmosphere packaging options have shown significant market uptake.
  • Advanced aseptic and sous-vide packaging solutions are tailoring the packaging to the needs of diverse food items, from fully cooked to raw.

PLAYA HOTELS & RESORTS UNVEILS INGREDIENTS TO ITS F&B SUCCESS AND TAKES HYATT ZIVA CAP CANA'S DINING CONCEPTS TO NEW LEVELS

Retrieved on: 
Tuesday, December 26, 2023
Morton's The Steakhouse, Steakhouse, The Cheesecake Factory, Blind, F&B, Taste, Henri Mulet, Food

With the opening of its newest concept The Blind Butcher at Hyatt Ziva Cap Cana, Playa raised the bar on the type of food and beverage (F&B) experiences travelers can find at an all-inclusive resort.

Key Points: 
  • With the opening of its newest concept The Blind Butcher at Hyatt Ziva Cap Cana, Playa raised the bar on the type of food and beverage (F&B) experiences travelers can find at an all-inclusive resort.
  • With a portfolio consisting of 24 properties with 9,027 across three global territories, Playa Hotels & Resorts is responsible for the daily management of over 350 food and beverage outlets.
  • The traveler's desire to enjoy each moment to the fullest takes center stage in Playa's latest venture, The Blind Butcher at Hyatt Ziva Cap Cana.
  • Designed as a seductive, multisensory experience, The Blind Butcher is the world's first speakeasy located at an all-inclusive resort.

Allegiant transforms leisure travel space by opening new resort in Southwest Florida

Retrieved on: 
Wednesday, December 20, 2023
PIE, Leisure, Travel, Sarasota–Bradenton International Airport, SFB, Nonstop, SRQ, City, F&B, Air travel, Heart, Food, St. Pete–Clearwater International Airport, Allegiant Travel Company, Growth, Orlando Sanford International Airport, Punta Gorda Airport, Tourism

LAS VEGAS, Dec. 20, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) continues to re-shape the domestic leisure travel space with last week's opening of Sunseeker Resort Charlotte Harbor, the airline's highly-anticipated hotel-resort located on the Gulf Coast in Southwest Florida.

Key Points: 
  • LAS VEGAS, Dec. 20, 2023 /PRNewswire/ -- Allegiant Travel Company ( NASDAQ: ALGT ) continues to re-shape the domestic leisure travel space with last week's opening of Sunseeker Resort Charlotte Harbor, the airline's highly-anticipated hotel-resort located on the Gulf Coast in Southwest Florida.
  • The opening of Sunseeker Resort is a key milestone in providing more customer offerings through our 'first-party' integrated resort."
  • With a world-class resort, 20 curated food and beverage brands and a retail shopping experience, Sunseeker Resort gives Allegiant the ability to provide enhanced experiences for our customers who visit Southwest Florida.
  • Sunseeker Resort offers a variety of those leisure activities which will make it a major draw for those traveling to Southwest Florida, Anderson added.

New Murabba appoints AtkinsRéalis to masterplan the world's largest modern downtown in Riyadh, Saudi Arabia

Retrieved on: 
Wednesday, December 20, 2023
Architecture, ATRL, F&B, Murabba, Nature, Engineering, NMDC, TSX, Public Investment Fund, Management

"The New Murabba is set to redefine how we live, work and play in a sustainable manner that will boost the country's socio-economic development drive.

Key Points: 
  • "The New Murabba is set to redefine how we live, work and play in a sustainable manner that will boost the country's socio-economic development drive.
  • We are proud to support NMDC with this innovative destination, realizing a brilliant vision and building a long-lasting legacy for Saudi Arabia and its future generations."
  • This iconic landmark will provide great career opportunities, where the brightest minds can unleash their full potential and help engineer a better future for Saudi Arabia."
  • The Mukaab, which means cube in Arabic, will be the world's largest immersive destination providing innovative experiences driven by digital and virtual technology.

Alternative Protein Development and Commercialization - Stakeholder Use Cases on Overcoming Challenges Related to Alternative Proteins, Featuring Bell Food Group, Unilever and Simple Eggless

Retrieved on: 
Tuesday, December 19, 2023
Commercialization, Machine learning, Patent, CRISPR, F&B, Data, Taste, Biotechnology, Food

DUBLIN, Dec. 19, 2023 /PRNewswire/ -- The "Technological Advances that Overcome Challenges to Alternative Protein Development and Commercialization" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Dec. 19, 2023 /PRNewswire/ -- The "Technological Advances that Overcome Challenges to Alternative Protein Development and Commercialization" report has been added to ResearchAndMarkets.com's offering.
  • The growing global demand for sustainable and ethical food sources has led to significant advancements in alternative proteins.
  • From plant-based proteins to cellular agriculture and novel fermentation techniques, researchers and industry pioneers are leveraging biotechnology, data analytics, and process optimization to enhance the efficiency and scalability of alternative protein production.
  • This analytics identifies the potential challenges in current alternative protein production and adoption and how technologies are advancing to handle some of these issues more from a processing and formulation standpoint.