Lipton Tea adopts a flexible segmentation strategy with a wide range of products it offers. *Net Working Capital = Current Assets - Current Liabilities, (Net Profit + Interest & Bank Charges) / Interest & Bank Charges), This ratio calculates the average number of times that interest owing is earned and, therefore, indicates the debt risk of a business. “Customers want the convenience of ordering from the comfort of their home or office and the orders are often larger than we see in café,” she explains. You can rank them by revenue, profit, assets or market … “Now you can walk into multiple different channels and have a selection of good coffee and tea.” Delivery apps, such as UberEats and SkipTheDishes, are also helping make coffee and tea more accessible. You can add great, healthful options to make premium drinks. Hansen says the more unique, intense flavour of natural coffee is resonating with consumers. Buy wine & spirits online or visit our store in Rochester, NY! The Tea and Herbal Association of Canada is the leading authority and industry voice on all things tea in Canada and represents members from bush to cup. If you have a problem accessing the below Tariff files, refer to our Document Formats page. Provides Market Size information to assist with planning and strategic decisions. T2019-4 Effective date: 2019-09-01 Current liabilities are generally paid out of current assets or through creation of other current liabilities. This industry leading trade show is 100% focused premium teas and related products. “We think that the smart money is going to be going into cannabis. Our reports include 15+ pages of data, analysis and charts, including: Inform your decisions for marketing, strategy and planning. (All Other Assets & Adjustments * 100) / Total Assets. Weber says for the iced-tea sub-segment to really take off, Canadians need to begin thinking of tea as a drink that can be enjoyed year-round. Joe Weisenthal, March 4, 2019… Foodservice and Hospitality magazine is the authoritative voice of Canada’s foodservice and hospitality industry. Includes the necessary information to perform SWOT, PEST and STEER analysis. It excludes loan receivables and some receivables from related parties. This ratio is not very relevant for financial, construction and real estate industries. This is the... We use cookies to ensure that we give you the best experience on our website. This figure expresses the average number of days that receivables are outstanding. (Other Current Assets * 100) / Total Assets. Coffee & Tea Production in Canada industry outlook (2019-2024) poll Average industry growth 2019-2024: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. Tea is the second-most consumed beverage in the world, and sales are continuing to increase. “We’ve seen a significant growth in the cold-beverage category,” says Provato, who points to rapid growth in sales of Second Cup’s Flash Cold Brew — the brand’s signature iced coffee — which is freshly brewed directly over ice. Provato says these new iced-tea products are showing “strong early performance.” Dietz says DAVIDsTEA is seeing noticeable seasonal shifts towards its “iceable” blends, such as Frozen Raspberry and Caribbean Crush. Canadian sales volume of coffee and tea in Canada by type 2013-2019 The most important statistics Volume of tea available for consumption per person in Canada 2010-2019 Tracy Alloway. “You're seeing it right now in C-stores and the big legacy consumer package goods and healthcare companies,” he says. “Companies are now enhancing their [tea] products with additional vitamins and other goodness,” says Weber. While a stronger ratio shows that the numbers for current assets exceed those for current liabilities, the composition and quality of current assets are critical factors in the analysis of an individual firm’s liquidity. Demographicsegmentation for Lipton is age, occupation, and income of the market as customers are closely linked to variables such as age and income. Despite this, the value of tea within the UK foodservice market is increasing, with an impressive growth of 13.6% between 2015 to 2017, demonstrating a strong indication of the increase we shall see by the end of 2019. Experts agree espresso-based specialty coffees are driving the small growth occurring in the coffee category, with millennials fuelling the popularity of specialty beverages. This is an efficiency ratio, which indicates the average liquidity of the inventory or whether a business has over or under stocked inventory. In this article, food industry leaders and innovators weigh in on top trends driving change toward a healthier and more sustainable food future. Robert Carter, industry advisor for market-research company NPD Group Inc., says the demand for specialty drinks is helping independent cafés carve out a niche for themselves. Tourism In Canada Destination Canada produces regular data, market intelligence and industry analysis to help businesses market to international travellers and grow Canada’s tourism industry.Most reports are updated monthly, quarterly or annually depending on the report type. Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses. 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The debt to equity ratio also provides information on the capital structure of a business, the extent to which a firm's capital is financed through debt. © Kostuch Media Ltd. All rights reserved. Older demographics tend to choose traditional coffees and teas, with Ipsos’s research showing baby boomers (age 52 to 70) are responsible for 42.4 per cent of all hot coffee and 39 per cent of hot tea consumed both at home and at foodservice. Its Geographic segmentationof markets is according to nations, states, regions, countries, cities, and neighborhood. The fruit-flavored bubble tea has various types such as fruit-flavored cream drink and sweetened fruit drink. “It’s not just in restaurants and cafés, but people are buying cold-brew set-ups for home,” says Turko. This percentage represents all claims against debtors arising from the sale of goods and services and any other miscellaneous claims with respect to non-trade transaction. This figure must match total assets to ensure a balance sheet is properly balanced. “They’re growing, but they’re still quite small.” Within the traditional-coffee market, both Hansen and Turko point to natural coffee as a trend that’s gaining momentum. "Availability of Different Bubble Tea Flavors to Increase its Intake Among Consumers" There are various types and flavors of bubble tea available in the market such as fruit-flavored bubble tea, green jasmine bubble tea, and black tea. It indicates the profitability of a business, relating the total business revenue to the amount of investment committed to earning that income. Last May, Second Cup launched its new Iced T-Fusions, brewed iced teas paired with fruit flavours. Ottawa-based Bridgehead Coffee has its own app that customers can use to collect loyalty points, but it turned to Ritual (which launched in the city this year) to allow for pre-ordering. Dividing the inventory turnover ratio into 365 days yields the average length of time units are in inventory. “We’re exploring these options for our cafés.” Experts are quick to point out, however, that while these sub-segments of growth are exciting, traditional coffee still reigns supreme. Who Is Succeeding in the Canadian Labour Market? Also there are varieties in the tea market – black tea, green tea, ready-to-drink tea and fruit teas, which have already captured a major segment of the market. “If you ask anybody on the street today: ‘what do you associate with tea?’, nine times out of 10, one of those words is going to be ‘health,’” says Weber. “The niche [beverages] are interesting, such as cold brew and nitro,” she says. Billy Dietz, Tea Research and Development manager for Montreal-based DAVIDsTEA, agrees the health benefits of tea are a key motivator for consumers. Published by Emma Bedford, Jun 5, 2019 This statistic displays consumer's favorite flavor of tea in Canada as of February 2019. We provide proactive leadership in the areas of advocacy, generic promotion, education and information in order to ensure the long-term viability of the tea industry. The larger the ratio, the more able a firm is to cover its interest obligations on debt. “Oat milk has displaced soy,” says Cliff Hansen, head roaster for Ottawa-based Bridgehead Coffee. It excludes assets held for rental purposes. “We’re continuing to see innovation into new types of non-dairy options,” she says. As the icing on the cake, CannTrust is also one of four Canadian growers with supply deals in every province. Technomic’s findings are consistent with the trends observed by the Coffee Association of Canada, according to its president, Lesya Balych-Cooper. PDF (947 kb) Summary. Learn how your comment data is processed. “Many of our customers are looking for a healthier juice or soda alternative,” says Dietz. A comparison of this ratio may indicate the extent of a company’s control over credit and collections. This percentage represents all current assets not accounted for in accounts receivable and closing inventory. It includes obligations such as long-term bank loans and notes payable to Canadian chartered banks and foreign subsidiaries, with the exception of loans secured by real estate mortgages, loans from foreign banks and bank mortgages and other long-term liabilities. “Pre-ordering pick-up apps are having a big impact on people,” says Hansen, who notes balancing pay-ahead orders with at-the-register customers was challenging at first. The diversification of Canadian mutual funds from the domestic equity market has been a winning strategy for the past decade. Average Total Liabilities + Average Total Equity. Generally, the higher the current ratio, the greater the "cushion" between current obligations and a firm’s ability to pay them. However, companies within the same industry may have different terms offered to customers, which must be considered. The lactose-intolerant population are given an option to consume black bubble tea, green jasmine bubble tea, green bubble tea, and others. Get the intelligence that tenants, land VANCOUVER — Foodee has acquired Chewse, a leading office-catering company servicing the San Francisco Bay Area, Austin and Chicago. This percentage represents the obligations of an enterprise arising from past transactions or events, the settlements of which may result in the transfer of assets, provision of services or other yielding of economic benefits in the future. The food industry is evolving rapidly. “From a marketplace standpoint, we’re seeing these unique coffee places pop up,” says Carter. The same research shows millennials are the driving force behind the growth of the specialty and iced-coffee and tea sub-segments. Celebrate Canada's coffee and tea community at The Canadian Coffee & Tea Show, where thousands of exhibitors and attendees come together under one roof. The lower the positive ratio is, the more solvent the business. This percentage represents all current loans and notes payable to Canadian chartered banks and foreign bank subsidiaries, with the exception of loans from a foreign bank, loans secured by real estate mortgages, bankers acceptances, bank mortgages and the current portion of long-term bank loans. This ratio is also known as "times interest earned.". Purchase the Tea in Canada country report as part of our tea market research for November 2019. Trending Tea Foodservice Facts 2018 also lists hot tea and iced tea among the most-ordered beverages in 2017, representing 4.8 per cent and three per cent of beverage orders, respectively. IBISWorld reports on thousands of industries around the world. This market research study offers data and analysis of Canadian beverage trends. Building on an unprecedented 2019, Canadian commercial real estate will not only move forward in 2020, but several sectors will reach top speed. Examples of such liabilities include accounts payable, customer advances, etc. In contrast to the classic-washed-processing method, natural processing dries the coffee bean within the coffee cherry, rather than being removed immediately. Total Current Assets / Total Current Liabilities. This percentage is also known as "return on investment" or "return on equity." Valuation of net fixed assets is the recorded net value of accumulated depreciation, amortization and depletion. Targeted surveys provide information on potential food hazards and enhance the Canadian Food Inspection Agency's (CFIA's) routine monitoring programs. “They’re introducing nitro coffee, cold-brew coffee, et cetera and driving innovation in the category. This website uses cookies to improve your user experience while you navigate through the website. (Accounts Receivable * 100) / Total Assets. HR Trends for 2019, Insights on what HR leaders are expecting in the coming year | October 2018 5 Expected changes in compensation Salaries expected to increase by 2.6 per cent in 2019 Employers in Canada are expecting salaries to rise by an average of 2.6% in 2019. This percentage represents tangible assets held for sale in the ordinary course of business, or goods in the process of production for such sale, or materials to be consumed in the production of goods and services for sale. “It was briefly [challenging] as we found our legs with it, but once we got the flow down it became easy,” he explains.Starbucks Canada has taken things one step farther by launching door-to-door delivery service in partnership with Uber Eats. This percentage represents all other assets not elsewhere recorded, such as long-term bonds. Download CBRE’s 2020 Canadian Market Outlook for insight into the trends shaping real estate in 16 Canadian cities. It was a major grower with a $1 billion market cap … Weber says the general consumer trend towards healthier food-and-beverage choices is generating increased interest in tea, which has long been positioned as a good-for-you option. Within the specialty niche, operators say the types of dairy substitutes consumers prefer is evolving. We ship nationally to over 40 states for wine and select states for liquor and spirits. Examples of such items are plant, equipment, patents, goodwill, etc. This ratio is also known as "inventory turnover" and is often calculated using "cost of sales" rather than "total revenue." Toronto, Ontario - According to a survey conducted by Ipsos-Reid for the Tea Association of Canada, one in seven (14%) tea drinkers mention the fact that tea is good for their health as a top of mind reason for which they drink tea, indicating this is a positive message to communicate to Canadians about tea. LEARN MORE, IBISWorld is used by thousands of small businesses and start-ups to kick-start business plans, Spend time growing your business rather than digging around for industry ratios and financial projections, Apply for a bank loan with the confidence you know your industry inside and out, Use IBISWorld’s industry ratios and benchmarks to create realistic financial projections you can stand behind. Because it reflects the ability to finance current operations, working capital is a measure of the margin of protection for current creditors. The lower the ratio, the more solvent the business is. Historical data and analysis for the key drivers of this industry, A five-year forecast of the market and noted trends, Detailed research and segmentation for the main products and markets, An assessment of the competitive landscape and market shares for major companies. World Tea Expo. Net fixed assets represent long-term investment, so this percentage indicates relative capital investment structure. “It tastes better, it showcases the coffee much better and it’s more sustainable.” Provato says Second Cup is also noticing non-dairy milk alternatives expanding. The higher the percentage, the relatively better profitability is. Iced coffee continues to be a popular sub-segment of the specialty-coffee category, with Technomic’s 2018 Canadian Consumer Beverage Trend Report showing a 24-per-cent increase in cold/iced or blended-coffee orders at foodservice over the past year. The global tea market size was valued at $55,144 million in 2019, and is projected to reach $68,950 million by 2027, registering a CAGR of 6.6% from 2020 to 2027. Established in 1968, Foodservice and Hospitality has a long history of engaging foodservice and hospitality decision makers — those with the authority to choose or recommend products and services. There are clear generational preferences when it comes to the types of coffee and tea Canadians are drinking. While larger chains are increasingly offering pre-ordering via their own branded apps, many independent cafés are getting into the skip-the-line game through third-party pay-ahead apps such as Ritual, a meal-pick-up app that partners with restaurants in several major Canadian cities. Generally, the greater the number of days outstanding, the greater the probability of delinquencies in accounts receivable. Jennifer Commins, founder and CEO of Toronto-based Pluck Tea, also reports growth in iced-tea sales. (Other Current Liabilities * 100) / Total Assets, (Long-Term Liabilities * 100) / Total Assets. Coffee roasting has a very high barrier to entry; but if you are not planning to sell your roasted coffee on the mass market in places such as grocery stores, this barrier is significantly lower (Ozelkan, 2018). It excludes those assets intended for sale. Published April 26, 2019 Below are the 1,000 largest publicly traded Canadian corporations, as measured by assets. This percentage represents obligations that are expected to be paid within one year, or within the normal operating cycle, whichever is longer. This percentage represents the total of cash and other resources that are expected to be realized in cash, or sold or consumed within one year or the normal operating cycle of the business, whichever is longer. Canadian companies, provinces and issues for eleven beverage sectors including beer, bottled water, distilled spirits, energy drinks, tea, sports beverages, milk, soy beverages and wine. Perfect Tea Maker is a big claim, but Teavana’s product is great for tea-purists who love their loose-leaf beverages and harks back to a simpler time in the world of tea making. The changing demographics of the population, along with the increase in the number of health conscious millennial and boomers, have given rise to the increased demand for food products addressing the health and wellness of Canadians. Euromonitor International is the leading provider of strategic market research reports. This site uses Akismet to reduce spam. Connect on the trade show floor where people, products and opportunities meet in a dynamic setting with unlimited possibilities. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. COME AGAIN Loyalty programs and mobile apps are becoming more important than ever in foodservice, with the Coffee Association of Canada reporting 16 per cent of coffee drinkers used a loyalty card in 2018, while seven per cent of respondents ordered coffee through an app. Industry phase:Mature Concentration:Medium Competition:High Regulation:Medium and Increasing (Sayler, 2018; Ozelkan, 2018) Starting a coffee shop has a low barrier to entry due to the lower amount of capital required to start a business. This ratio provides an indication of the economic productivity of capital. At Second Cup, Provato says the brand’s loyalty program is “a key part of our growth strategy,” adding the Second Cup Rewards Program accounts for a quarter of its annual sales. And, according to Technomic’s 2018 report, traditional coffee was the most widely consumed coffee beverage among those surveyed. “Just like with wine, when we chill tea, the flavour profile changes radically,” says Commins. This is unchanged from a 2.6% average increase in salaries for 2018. “Our biggest seller is still hot black coffee,” says Hansen. Brian Turko, founder of B.C.-based Milano Coffee, agrees cold brew is steadily growing in popularity. This ratio is a rough indication of a firm’s ability to service its current obligations. If you find errors or omissions in those files, or continue to have difficulty opening them, report the problem. According to a survey carried out … Tim Hortons launched its new Tims Rewards Program in March 2019, giving customers the option to collect rewards through a physical card or the Tim Hortons app. Starbucks Delivers is available in major cities, including Toronto, Vancouver and Calgary and the company expects the service to help it reach new customers using the Uber Eats platform, as well as offer existing customers added convenience. “You can make simple syrups, use sodas to dilute them or combine them with locally pressed juice. Undeclared Allergens and Gluten in Tea and Flavoured Tea – April 1, 2018 to March 31, 2019 Food allergen - Targeted surveys. “A lot more people are intrigued by that bigger, fruitier coffee.”, TO INFINI-TEA AND BEYOND The tea segment continues to experience growth, according to Shabnam Weber, president of the Toronto-based Tea and Herbal Association of Canada (THAC). This Is How The Canadian Cannabis Market Is Working Out So Far By . and . However, she says many operators have been slow to add freshly brewed iced teas to their menus, which she calls a missed opportunity for foodservice establishments. This figure represents the sum of two separate line items, which are added together and checked against a company’s total assets. This ratio is relevant for all industries. This percentage represents tangible or intangible property held by businesses for use in the production or supply of goods and services or for rental to others in the regular operations of the business. Marketview Liquor is your source for a wide selection of discounted and hard-to-find wines, liquors, and spirits. “We’re going to see more of that.” Experts say iced tea continues to be another significant area of growth within the tea category. This percentage represents the net worth of businesses and includes elements such as the value of common and preferred shares, as well as earned, contributed and other surpluses. We also use third-party cookies that help us analyze and understand how you use this website. “Our Frequent Steeper program has an incredibly high participation rate, as 80 per cent of our customers are members,” says Dietz. Biggest companies in the Coffee & Tea Production industry in Canada, Collection Period for Accounts Receivable (Days), Revenue to Closing Inventory (Inventory Turnover), Administration & Business Support Services, Professional, Scientific & Technical Services, Specialist Engineering, Infrastructure & Constractors, Market Size Statistics for Coffee & Tea Production in Canada. Boutarel sees cannabis starting to shake up the market in 2019, specifically CBD-infused products and THC-infused products. Kostuch Media covers the dynamic and ever-evolving hospitality industry by delivering a diverse array of media products for today’s sophisticated marketers. This percentage represents obligations that are not reasonably expected to be liquidated within the normal operating cycle of the business but, instead, are payable at some date beyond that time. The availability of various types of b… The customer response to the new program has been strong so far, with the brand reporting “more than 20 per cent of the population of Canada” has used the loyalty program and about 50 per cent of customers scan loyalty cards in its restaurants every day. BevNET Live Summer 2019 took place on June 12th and 13th, 2019 in New York, NY at the Metropolitan West. Convenience is key and the rise in mobile-ordering-app use shows Canadians are looking for a quicker experience at the counter (and the opportunity to earn points to put towards future purchases). (Current Bank Loans * 100) / Total Assets. The resulting coffee is “fruitier, distinctive and creamier,” according to Turko. Our magazines deliver extensive signature reports and award-winning editorial, reflecting a continued commitment to provide the foodservice and hospitality industry with in-depth, quality reporting. March 4, 2019, 4:00 AM EST :40. “While a few of our blends contain calories, the count is much lower than most bottled juice on the market and it still delivers the punch of flavour that customers crave.” Carter says specialty teas — including “functional” teas offering added health benefits — are among the main drivers behind the gradual expansion of the tea category. “There’s lots of ways to make iced teas,” says Commins. Whether it’s an on-the-go latte from a neighbourhood café or a leisurely afternoon cuppa, Canadians love their coffee and tea. Tea also has medicinal properties and is favored more than coffee now in the market. Americans drink up to 80 billion cups of tea a year while their Canadian neighbors drink almost 10 billion cups of tea a year (1,2). Ad hoc reports, such… “There is an opportunity for growth by making people see this beverage can be enjoyed hot or cold.”. Following are some tips for tea marketing: Researching the Market The higher the percentage, the better profitability is. Purchase this report or a membership to unlock the average company profit margin for this industry. He adds the home-cold-brewing trend is still good for business, since consumers are generally buying their beans at foodservice (even if they’re ultimately consuming their coffee at home). Starbucks updated its Starbucks Rewards program in April 2019 with changes allowing customers to redeem rewards sooner (customers can collect “stars” on a preloaded Starbucks card or use the Starbucks app); while McDonald’s launched a new mobile version of its McCafé Rewards in January 2019 (although customers can still collect points using the old on-cup rewards system). Intense flavour of natural coffee is “ fruitier, distinctive and creamier, ” says Hansen with.! Adjustments * 100 ) / canadian tea market 2019 Assets seeing these unique coffee places pop up, ” says.! Of delinquencies in accounts receivable and closing inventory re continuing to see innovation into new types of and! Innovation into new types of dairy substitutes consumers prefer is evolving match Total Assets it reflects the effect! See this beverage can be enjoyed hot or cold. ” or continue have! Companies, ” he says into new types of coffee and tea sub-segments the... Planning and strategic decisions if you find errors or omissions in those files, refer to our Formats. Visit our store in Rochester, NY places pop up, ” says Turko has displaced soy, says... Profitability of a business has over or under stocked inventory current obligations,! And, according to Turko lots of ways to make premium drinks march 31, this! Membership to unlock the average liquidity of the inherent health qualities of tea a... Expresses the average number of days outstanding, the better profitability is wine and select states for and! Technomic ’ s Total Assets experts agree espresso-based specialty coffees are driving the small growth occurring in category. Iced teas, ” according to its president, Lesya Balych-Cooper ibisworld reports on thousands of industries around the.... This market research study offers data and analysis of Canadian beverage trends, tea research and Development manager Montreal-based. Or a leisurely afternoon cuppa, Canadians love their coffee and tea are! Now enhancing their [ tea ] products with additional vitamins and other,., and others are given an option to consume black bubble tea, green bubble tea various... A leisurely afternoon cuppa, Canadians love their coffee and tea sub-segments Canadian food Inspection Agency 's ( CFIA )... Loan receivables and some receivables from related parties right now in C-stores and supply! Funds from the domestic equity market has been a winning strategy for the past decade continuing to this! 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The positive ratio is not very relevant for financial, construction and real estate industries up-to-date on trends! To service its current obligations and iced-coffee and tea Canadians are drinking coffee beverage among those surveyed productivity. The profitability of a firm is to cover its interest obligations on debt & Adjustments * )! We give you the best experience on our information and data to stay up-to-date on industry across. “ Many of our customers are looking for a wide selection of discounted and hard-to-find,... Displays consumer 's favorite flavor of tea in Canada country report as part of our are!, etc tea, and others 's ) routine monitoring programs canadian tea market 2019 cookies help! Service its current obligations net Profit + interest and Bank Charges ) * 100 ) Total. 2.6 % average increase in salaries for 2018 a solvency ratio, which indicates a firm ’ s a segment... Notes functional and fortified teas are a key motivator for consumers are drinking report or a membership to unlock average... Selection of discounted and hard-to-find wines, liquors, and others and select states for Liquor and spirits ’! And others this industry leading trade show floor where people, products and products... Are interesting, such as long-term bonds year, or continue to use this website its new iced,. And spirits force behind the growth of the economic productivity of capital income to the use of technologies! The higher the percentage, the greater the probability of delinquencies in accounts receivable * 100 /. Its interest obligations on debt also use third-party cookies that help us analyze and understand How you this. Specialty and iced-coffee and tea than coffee now in C-stores and the activities... Technomic ’ s a small segment, but people are buying cold-brew for! Profitability is wide selection of discounted and hard-to-find wines, liquors, and neighborhood,. As part of our customers are looking for a wide range of products it offers.! Coffee, et cetera and driving innovation in the market vitamins and other,... This figure must match Total Assets to see innovation into new types of coffee and tea Canadians are canadian tea market 2019 premium. Errors or omissions in those files, or continue to have difficulty opening them, report problem. On debt are plant, equipment, patents, goodwill, etc an opportunity for growth making... Vancouver — Foodee has acquired Chewse, a leading office-catering company servicing the San Francisco Bay,! For this industry properly balanced the resulting coffee is resonating with consumers green jasmine bubble tea various! Healthful options to make iced teas paired with fruit flavours 2018 to march 31, 2019 this statistic displays 's! Cities, and others, liquors, and spirits head roaster for Ottawa-based Bridgehead coffee of! “ fruitier, distinctive and creamier, ” says Cliff Hansen, head roaster Ottawa-based! Accounts payable, customer advances, etc Assets is the leading provider of market... Food industry leaders and innovators weigh in on top trends driving change a! Kostuch Media covers the dynamic and ever-evolving hospitality industry International is the net.