Top News

💻 During the 24th World Summit of the World Travel & Tourism Council (WTTC) in Perth, Australia, it was revealed that in 2023, the travel and tourism sector's carbon footprint was 6.7% of global emissions, a decrease from 7.8% in 2019. The sector's economic contribution grew faster than its environmental impact, with a GDP contribution of $9.9 trillion, only 4% below 2019's peak. Yet, global GHG emissions were 12% lower than 2019 levels, with a 8.4% reduction in GHG intensity per GDP unit over this period.

🏕 Nearly half of French individuals are open to visiting tourist locations during off-peak dates to mitigate overtourism, influenced by the documentary "KAIZEN: 1 year to climb Everest" by YouTuber Inoxtag, which has garnered 35 million views. The film has impacted the 16-40 age group, with 38% having watched it and 43% having heard of it, especially among the 16-24 demographic, at a penetration rate of 59%. The documentary's key takeaways include the importance of self-improvement, acknowledged by the audience, and the urge to disconnect from screens, resonating with 62% of viewers.

🏨 Leev, Paris' first 100% digital high-end hotel, is located at 17 rue de la Victoire, offering 8 luxury short-term rental apartments. Guests can book and manage their stay via the Leev app in under five minutes, with 24/7 concierge service.

🏥 La Carac is investing in Atream, joining co-founders Pascal Savary and Grégory Soppelsa and NextStage AM, to establish Atream as a key investment platform in tourism. Atream's assets jumped from €1.5 billion to nearly €4 billion under the guidance of NextStage AM, with key partnerships with ACCOR, Hotel F1, Novotel, Club Med, Mamma Shelter, and Belambra.

🎭 Gad Elmaleh set to acquire the business assets of iconic Parisian cabaret "Chez Michou," located at 80 rue des Martyrs, following its judicial liquidation, as per a court ruling reviewed by AFP on Tuesday.

🍴 The 8th edition of Food Hotel Tech will take place on March 19-20, 2025, in Paris at Porte de Versailles, Hall 7.1. CEO of TikTok France, Arnaud Cabanis, will inaugurate the event highlighting 2025's key challenges and innovations in the hospitality and restaurant sector. New to this edition are three Innovation Awards recognizing avant-garde solutions in Customer Experience, Connected Kitchen, and CSR & Home Automation. Additionally, tailor-made networking opportunities and guided tours are introduced to enhance visitor engagement. Key networking events are scheduled for hotel managers on March 20 at 15:00, marketing directors on March 19 at 11:30, and fast-food chain owners on March 19 at 10:30. For more information, visit www.foodhoteltech.com.

🍳 On October 8, Olivier Ginon and Luc Dubanchet announced the next edition of Sirha Lyon to be held from January 23 to 27, 2025 at Eurexpo, featuring over 66,000 m2 of space, 2,100 exhibitors (25% international), across 14 sectors. A new wine and spirits area will be introduced. The event will host 60 startups, doubling from 30 in 2023, and the Sirha Innovation Awards in 10 categories. Additionally, the World Pastry Cup, chaired by Pierre Hermé and Amaury Guichon, will be themed "National Heritage".

📌 Atream, founded 16 years ago by Pascal Savary and Grégory Soppelsa, aims to double its managed or advised assets from €4 billion to €8 billion. The company, which holds 9% of Pierre&Vacances-Center Parcs alongside American funds, is shifting from real estate investment to asset management with the support of its reference shareholder NextStage AM, and new majority partner, Carac, a large savings mutual. The strategy involves new acquisitions and restructuring the current portfolio.

🌶 CJUE struck down France's decree on October 4, 2024, allowing plant-based products to use traditional animal product names. French agri-food manufacturers benefit from equity and fewer constraints in competing internationally. The Council of State questioned the decree's legality in 2022 and 2024, leading to a suspension pending CJUE's ruling.

📆 ADQ designated Modon Holding as the master developer for Ras El Hekma mega-project in Egypt on October 4, 2024. The project covers 170 million square meters, with Modon leading the first phase of 50 million square meters. Investments are projected to reach $110 billion by 2045, contributing $25 billion annually to GDP, and creating 750,000 jobs. The development will house two million people and include over 40 kilometers of green spaces, aiming to become the region's largest green project. It's strategically located within a four-hour flight for over 400 million potential tourists and plans include an international airport and a high-speed rail connection.