Investing and Global Finance News

“At Your Bleisure:” Combining Business and Leisure Travel

As we adjust to post-pandemic work and life, the blend of business and leisure travel—dubbed “bleisure“—has grown, extending its allure beyond the realm of digital nomads to a broader spectrum of professionals. Spurred by the flexibility that remote work enables, employees are able to work a bit of vacation into business trips. Allied Market Research’s projection that the bleisure market will burgeon from $315.3 billion in 2022 to $731.4 billion by 2032 attests to its burgeoning popularity. However, this blend poses intricate challenges concerning corporate duty of care, delineating the boundaries of employer responsibility in ensuring employee safety during the leisure phase of business travel.

The bleisure trend, underscored by Melinda Buchmann’s journey from Florida to Banff, Alberta, for a company meeting, exemplifies the evolving dynamics of professional travel. Melinda, serving as a client relations supervisor at RevShoppe, and her husband, Josh, affiliated with DoorDash, seized the opportunity to blend work responsibilities with leisure pursuits, encapsulating the essence of bleisure travel.

Companies are now formulating policies to navigate the delicate balance between facilitating this new travel paradigm and mitigating legal and financial risks. The emphasis on employee well-being and corporate liability sparks a complex discourse on the extent of support owed to employees during their leisure time. Patricia McLaren of RevShoppe and Kathy Bedell of BCD Travel underscore the nuanced considerations necessitated by bleisure travel, from insurance waivers to the demarcation of business and leisure segments.

Employees, like Eliot Lees from ICF, often navigate these waters independently, blending work and leisure without formal approvals. Yet, the absence of a clear policy framework can precipitate unexpected predicaments, especially in scenarios requiring medical assistance or emergency evacuations.

Security considerations further compound the complexity of bleisure travel, with companies like DoorDash and Uber striving to extend support mechanisms to encompass both work-related and personal travel. The narrative of the Buchmanns, planning a trip to Barcelona for the McDonald’s Worldwide Convention, embodies the proactive approach some employees and employers are adopting to navigate the intricacies of bleisure travel.

This evolving travel trend necessitates a delicate equilibrium between corporate oversight and employee autonomy, challenging traditional notions of work travel and prompting a reevaluation of policies to accommodate the growing inclination towards bleisure experiences.

Robust Growth Projected for the Health and Wellness Industry, 2023-2027

According to Technavio, the Health and Wellness Food Market is on a trajectory of robust growth, anticipated to expand by USD 452.93 million from 2023 to 2027, flourishing at a Compound Annual Growth Rate (CAGR) of 8.5%. This market spans a broad spectrum of food alternatives tailored for health-conscious consumers, including immune-boosting selections, plant-based meat… Continue Reading

Pretzels – “Knot” Just a Snack

The simple pretzel, a savory and reliable snack option, has experienced a recent innovative shakeup. This phenomenon has led to a large projected growth of 1.59 billion USD from 2023-2028, according to Technavio. With companies like Campbell Soup Company introducing flavors like Beer Cheese Pretzel Pieces, melding rich, creamy tastes with the classic crunch of… Continue Reading

How Anu Saad Propelled a Cancer Testing Startup to the Forefront of Patient Care

This article was originally published on June 19, 2014.Based on the March 2002 article in IndUS Business Journal entitled “Anu Saad – Making her mark”. Anu Saad has led a remarkable transition from academia to spearheading impressive growth of a cancer testing startup she took over as CEO. With no prior business experience, Saad grew… Continue Reading

Record High Gold Prices

Gold prices hit a record high on Monday, reaching the highest level since gold futures began trading in 1974. Traders are hopeful that the Federal Reserve will lower interest rates later this year. The price for April delivery of gold jumped up $30.60, closing at $2,126.30 per ounce. This marks the second day in a… Continue Reading

Founder of Bob’s Red Mill Passes Away at Age 94

Bob Moore, the esteemed founder of Bob’s Red Mill and a prominent figure in the natural foods industry, has died at the age of 94. Moore, who passed away peacefully at his home on Saturday, February 10, 2024, is celebrated for his indelible impact on the health food sector and his unwavering commitment to whole… Continue Reading

Afternoon Tea Makes a Quiet Comeback

A new trend has emerged in our increasingly fast-paced world, specifically in New York and Los Angeles: elaborate afternoon tea. Teahouses are a sanctuary from the outside world, an escape from social media and digital devices, and customers are drawn to the nostalgic quiet over the hustle and bustle found in coffee houses. Across both… Continue Reading

World Travel Awards Names Miami Beach as 2023’s “World’s Leading Lifestyle Destination.”

The World Travel Awards named Miami Beach the “World’s Leading Lifestyle Destination 2023,” marking another achievement for the city in a year filled with accolades. Over the past year, the renowned destination had secured the titles: “North America’s Leading Beach Destination” and “North America’s Leading City Destination.” Grisette Marcos, Executive Director of the Miami Beach… Continue Reading

Concerns about Holiday Spending

The upcoming holiday season poses challenges for U.S. retailers in apparel, electronics, and home improvement sectors. Businesses are unsure if increased discounts will drive anticipated consumer spending. October’s sales figures indicated a slowdown in economic demand, leading to a mixed holiday outlook as retailers gear up for Christmas shopping. To entice consumers during Thanksgiving, retailers… Continue Reading

Flying Taxis on the Horizon

While flying taxis may seem like the wave of the far off future, the F.A.A recently published a report delineating a plan for an air taxi market by 2028. Though there are many obstacles to overcome in order to create a market for air taxis, the FAA is confident about their 2028 start date. Air… Continue Reading