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Head of Travel Research at Morgan Stanley on How the K-Shaped Economy Is Reshaping Hospitality Investment Opportunities

In this eye-opening conversation, Stephen reveals his unique framework for analyzing hotel stocks—rooted in the timeless principles from Graham and Dodd—and how it adapts to today's rapidly evolving landscape ... Practical questions to ask CEOs during earnings calls to unlock hidden risks and opportunities buried in their metrics.

Managers of Infinite Minds

Tellingly, optimism about AI is often higher in emerging markets than in the developed world, which means the appetite to adopt is frequently strongest exactly where the opportunity to leapfrog is greatest ... Literacy is no longer a specialism; it is the new baseline of employability, and the concept AI Literacy — long championed in our industry by educators such as Ian Millar — belongs in every

The query became a brief

Google's AI Mode data shows travel queries have tripled in length as travelers shift from keywords to conversational briefs, structurally undermining how hotel distribution channels compete for search ... What the data says, and what to trust in it Google published this to mark one year of AI Mode, the AI-native version of Search it launched in the U.S. in May 2025, and the figures all point the same way

Why luxury hotels should focus on revenue, not cost-cutting

Karen has more than 25 years of expertise in global hospitality technology and online distribution — including managing global accounts in travel and hospitality organizations such as Travelocity and lastminute.com ... He then brought his love for travel and technology to Revinate where he played a vital part in establishing Revinate’s position in the US market, followed by the Asia Pacific region and now in Europe.

TCPG: Token Cost Per Guest

It consumes compute, and in generative AI, that compute is priced in tokens — the units models use to process and generate language. ... TCPG creates a shared language: the CIO can explain AI usage operationally, the CFO financially, the GM in service terms, and the owner in terms of profitability and asset value.

OTAs and Google I/O

Google I/O's AI announcements signal a shift toward assembled, agentic travel planning that could upend how OTAs capture travel discovery and disrupt the top of the booking funnel. ... And OTAs are going to be challenged in the process. The biggest change I think is that travel research starts becoming assembled.