Hotelfinity

Hong Kong aims to cut spending by slashing 10,000 civil service jobs in an effort to rein in a rising deficit, and plans a big AI push as it navigates headwinds from global economic uncertainty, geopolitical tensions and a weak property market.

Chan said 10,000 civil servant jobs would be cut by April 2027, representing a reduction of 2 per cent of the civil service in each of the coming two years. Public sector salaries will also be frozen this year.

Separately, in line with China's growing push to develop self-reliance in AI and other high technology sectors including robotics, Chan said Hong Kong would "leverage its strength as an international platform for stepping up the development of the AI industry". The city has earmarked HK$1 billion for an AI Research and development institute.

Hong Kong's finances have been hurt in the last three years by plunging revenues from land premiums - which developers pay for land use - as home prices tumbled nearly 30 per cent.

Land sales have traditionally been a main source of income for the government, contributing more than 20 per cent to coffers, a figure that has now slipped to around 5 per cent. Hong Kong's fiscal reserves are now around HK$647.3 billion.

Robren Show: The Secret of Everything

Read more: https://www.channelnewsasia.com/east-asia/hong-kong-annual-budget-2025-spending-cut-ai-push-4960766

Hong Kong flags 10,000 civil service job cuts, AI push in bid to reverse huge deficit HONG KONG: Hong Kong aims to cut spending by slashing 10,000 civil service jobs in an effort to rein in a rising deficit, and plans a big AI push as it navigates headwinds from global economic uncertainty, geopolitical tensions and a weak property market. "It gives us a clear pathway towards the

Is this the world's first AI powered hotel?

Many hotels are now integrating AI into their operations as the tourism industry evolves. The founders of a new venture in Las Vegas say they've created the first fully AI-powered hotel in the world. Technology reporter Paul Carter has been checking out the new venture which is due to open in 2025.

The Robren Show (AI University Series): Expert advice you can trust.

Watch video: https://www.bbc.com/reel/video/p0knz6vh/is-this-the-world-s-first-ai-powered-hotel-

Is this the world's first AI powered hotel? BBC Click's Paul Carter visits the world's first fully AI-powered hotel in Las Vegas.

Wishing You New Opportunities & a New Life in 2025. 🔮💎🥰🧚🏼‍♀️
A New Year is like a blank book, and the pen is in your hands. 📒✍🏼
It is your chance to write a beautiful story of yourself.
Happy New Year!
~ Whisperer Robren

Watch video:

Write a beautiful story of yourself in 2025. Wishing You New Opportunities & a New Life ~ Robren Wishing You New Opportunities & a New Life in 2025. 🔮💎🥰🧚🏼‍♀️A New Year is like a blank book, and the pen is in your hands. 📒✍🏼It is your chance to wr...

https://edition.cnn.com/travel/how-air-travel-will-change-2025/index.html

New planes, new schedules, new routes: How air travel will change in 2025 | CNN Aviation developments are expected to come in thick and fast in the year ahead, with more options than ever before offered to flyers – but at a price.

Goodbye Louis Vuitton. China’s Gen Z leans into ‘dupe economy’ as growth prospects stall

These days, the Chinese are spending their more limited funds on so-called “pingti” products, high-quality replicas of branded goods known in English as dupes. Some are virtually indistinguishable from the real thing, while others are inspired by the original design and offer more colors or textures. The popularity of this product category is soaring as consumer confidence in China nears a historic low, according to analysts.

The “obvious” economic slowdown has resulted in social media searches for dupes tripling from 2022 to 2024, said Laurel Gu, a Shanghai-based director of Mintel, a market research firm.

Gu said that unlike 10 years ago when Chinese shoppers, the world’s top luxury spenders, were clamoring for Western goods from famous brands, consumers are now increasingly turning to more affordable alternatives, a trend that is becoming “the new mainstream.”

Dupes can be considerably cheaper than their branded rivals. A pair of Lululemon’s (LULU) Align yoga pants costs 750 yuan ($106) on its official Chinese website. By contrast, a search of popular e-commerce sites including Tmall yields dozens of other options, often using Lulu in their store names, touting similar leggings for as little as $5 and claiming to be of comparable quality.

Cautious consumers

A year and a half after China reopened its borders following the Covid-19 pandemic, consumer confidence is still struggling to recover, economists at investment bank Nomura wrote in a research note earlier this month.

“Why dupe? Pay cut, of course!” she quipped.

To put that in perspective, they said, it’s as if each three-person household in China has lost around $60,000, an amount that is almost five times China’s per capita gross domestic product.

Robren Show: Expert Insights You Can Trust.

https://edition.cnn.com/2024/09/23/business/china-dupe-economy-hnk-intl/index.html

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Analysis: Goodbye Louis Vuitton. China’s Gen Z leans into ‘dupe economy’ as growth prospects stall | CNN Business China’s economic slowdown means people are spending their more limited funds on so-called “pingti” products, high-quality replicas of branded goods known in English as dupes.

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How to Recognize You're on the Wrong Train

"Get off at the first possible stop when you realize you are on the wrong train. The longer you stay on, the more costly the return trip will be. Realize that you are actually going further away from your values, principles, goals, integrity, and purpose." ~ Robren

BTW, I'm not talking about physical trains.

Q. What wrong train are you still on: your job, partner, toxic relationships, business, cult, ideology, legal but unethical industry, association, allegiance, scam, loyal community, bad company, or your false beliefs?

11 Signs You are on the Wrong Train

Historical Examples of Changing Tracks:
1. Nelson Mandela
2. Rosa Parks
3. Mahatma Gandhi

Movie Examples of Changing Tracks
1. The Matrix
2. Forrest Gump
3. Groundhog Day

Taking Action
Once you recognize you're on the wrong train, it's essential to take decisive action. Don't hesitate to get off at the next available stop and choose a new path that aligns with your values and goals. Remember, it's never too late to change direction.

Written by: Robren, The Ineffable Whisperer & The Creator of The Dragon Leader System

Read more about The Dragon Leader Principles:

How to Recognize You're on the Wrong Train How to Recognize You're on the Wrong Train

The World’s 50 Best Hotels 2024

The Capella Bangkok didn’t have the easiest of beginnings. It opened in 2020, in the first year of a global pandemic that had the hospitality industry on its knees.

However, just four years later, this sanctuary overlooking the Chao Phraya River has taken the top spot in the second edition of the World’s 50 Best Hotels list.

Asian success

Capella Bangkok was one of four hotels in the Thai capital to make the Top 50, with the Mandarin Oriental Bangkok and Four Seasons Bangkok at Chao Phraya River appearing at No. 12 and No. 14 on the list respectively, while The Siam was at No. 26.

It was very much Asia’s night, with seven out of the top 10 hotels being from the region.

Hong Kong was represented by the Rosewood at No. 3 and The Upper House at No. 5, while the 137-year-old Raffles Singapore – birthplace of the Singapore Sling cocktail – was in sixth.

In eighth place, Soneva Fushi in the Maldives was also winner of the Lost Explorer Best Beach Hotel Award 2024. After all, this is a resort so dedicated to barefoot luxury that guests hand over their shoes on arrival, and they are not returned until it’s time to leave.

The 45-story skyscraper Bulgari Tokyo, at No. 22, won the Nikka Best New Hotel Award 2024.

The Robren Show ( Series): Expert hospitality advice you can trust.


The World’s 50 Best Hotels:

1. Capella Bangkok

2. Passalacqua (Moltrasio, Italy)

3. Rosewood Hong Kong

4. Cheval Blanc Paris

5. The Upper House (Hong Kong)

6. Raffles Singapore

7. Aman Tokyo

8. Soneva Fushi (Maldives)

9. Atlantis The Royal (Dubai)

10. Nihi Sumba (Wanokaka, Indonesia)

11. Claridge’s (London)

12. Mandarin Oriental Bangkok

13. Raffles London at The OWO

14. Four Seasons Bangkok at Chao Phraya River

15. Hôtel de Crillon (Paris)

16. Chablé Yucatán (Chocholá, Mexico)

17. Hotel Du Cap-Eden-Roc (Antibes, France)

18. Maroma, A Belmond Hotel (Riviera Maya, Mexico)

19. Four Seasons Firenze (Florence, Italy)

20. Borgo Santandrea (Amalfi, Italy)

21. Desa Potato Head (Seminyak, Bali)

22. Bulgari Tokyo

23. The Lana (Dubai)

24. Rosewood São Paulo (São Paulo, Brazil)

25. The Calile (Brisbane, Australia)

26. The Siam (Bangkok)

27. Park Hyatt Kyoto (Kyoto, Japan)

28. Mount Nelson, A Belmond Hotel (Cape Town, South Africa)

29, One&Only Mandarina (Puerto Vallarta, Mexico)

30. The Carlyle, A Rosewood Hotel (New York)

31. La Mamounia (Marrakech, Morocco)

32. Four Seasons Madrid

33. Capella Singapore

34. Four Seasons at the Surf Club (Surfside, Miami)

35. Hotel Bel-Air (Los Angeles)

36. Eden Rock (St. Barths)

37. Aman New York

38. Royal Mansour (Marrakech)

39. Amangalla (Sri Lanka)

40. Le Bristol Paris

41. Gleneagles (Auchterarder, Scotland)

42. Castello di Reschio (Umbria, Italy)

43. Suján Jawai (Rajasthan, India)

44. Singita Lodges (Kruger National Park, South Africa)

45. Six Senses Zighy Bay (Oman)

46. The Connaught (London)

47. The Brando (French Polynesia)

48. Hotel Esencia (Tulum, Mexico)

49. The Tasman (Hobart, Australia)

50. Kokomo Private Island (Fiji)

Read more: https://tinyurl.com/2024Hotels

. . . .

The World's 50 Best Hotels 2024 The World's 50 Best Hotels 2024

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