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Scott Yandrasevich Raises Awareness About Inflation’s Impact on the Hospitality Industry

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Connecticut, US, 1st November 2024, ZEX PR WIRE, Hospitality industry expert Scott Yandrasevich is raising awareness about the serious impact inflation is having on the hospitality sector, emphasizing the unique challenges it presents for business owners and management teams. As inflation continues to rise, Yandrasevich is advocating for more recognition and support for the industry, which has already faced significant economic hurdles in recent years.

“The hospitality industry has always been vulnerable to market fluctuations, but with inflation hitting record highs, the pressure on businesses is greater than ever,” Yandrasevich said. “For those in management and ownership roles, balancing rising costs with maintaining service quality is becoming increasingly difficult.”

The U.S. inflation rate in 2023 reached 3.7%, according to the Bureau of Labor Statistics (BLS), with the hospitality industry particularly affected by increasing costs for food, energy, and labor. Food prices alone have surged by 6.7%, making it harder for hotels, restaurants, and event venues to manage their supply chains without passing costs onto consumers. Additionally, the cost of energy has risen 12.6%, significantly impacting operating expenses for businesses in hospitality, which rely heavily on utilities for heating, cooling, and lighting large venues.

Yandrasevich explains that these rising costs create a ripple effect. “Management teams are facing the tough decision of whether to raise prices and risk losing customers, or absorb the costs, which can severely impact profit margins. Many small and medium-sized businesses are operating on thin margins already, so inflation could be the tipping point.”

The American Hotel & Lodging Association (AHLA) reports that 71% of hotels are currently experiencing higher operating costs due to inflation, with 90% of operators saying these rising costs are their top concern. Furthermore, labor costs have jumped significantly, with hospitality wages rising by 6.1% in 2023 as businesses struggle to attract and retain talent in a competitive job market. “Labor shortages are still a major issue, and with inflation driving up wages, it’s become even more difficult for businesses to find and keep skilled employees,” Yandrasevich said.

As inflation squeezes profitability, Yandrasevich is calling for business owners, investors, and policymakers to take action in supporting the hospitality sector through these challenging times. “We need to invest in strategies to combat inflation’s effects. This includes looking at operational efficiencies, supply chain management, and perhaps even policy intervention to stabilize prices. If we don’t address these issues head-on, we could see many more closures, especially among smaller businesses,” he noted.

He also emphasized the importance of government and industry collaboration to provide relief and long-term solutions. “Federal relief programs, tax incentives, and industry partnerships will be crucial to helping hospitality businesses weather the storm. We need targeted support that addresses the specific challenges this sector faces, from rising operational costs to labor shortages.”

Inflation’s continued rise not only threatens the bottom line of hospitality businesses but also the jobs of millions of workers in the industry. With the hospitality sector employing over 16 million people in the U.S., according to the BLS, a widespread economic impact could be devastating for employees, consumers, and local economies alike.

As inflation continues to affect the industry, Scott Yandrasevich remains focused on raising awareness and advocating for more robust support for hospitality professionals and business owners navigating this difficult economic landscape.

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Timothy Furey, CEO of Tradeview Markets, Receives Prestigious Top 50 Financial Markets CEOs Award in Dubai

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November 1, 2024

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Dubai, UAE, Nov 1, 2024, ZEX PR WIRE, Tradeview Markets is proud to announce that its CEO, Mr. Timothy Furey, has been honored with the prestigious “Top 50 Financial Markets CEOs Award” at the Middle East Financial Markets Awards ceremony, held at the iconic Atlantis, The Palm in Dubai. The event, now in its second edition, brought together the most influential figures in the global financial sector, celebrating the achievements of leaders who have shaped the industry in 2024.

“It is an incredible honor to receive this award at such a significant event for the financial markets sector,” said Timothy Furey. “This recognition reflects not only the hard work of Tradeview Markets but also our continued commitment to innovation and leadership in the global markets. I’m extremely proud of what we have accomplished and even more excited about what’s ahead.”

Tradeview Markets: Leadership and Innovation in Financial Markets

Under Mr. Furey’s leadership, Tradeview Markets has solidified its position as a key player in the global financial markets. With a focus on providing advanced technology, superior execution, and exceptional customer service, the company has seen steady growth over the past few years. Tradeview currently offers access to a wide range of financial products, including forex, equities, cryptocurrencies, and futures, attracting a diverse clientele from retail traders to large institutions.

“Our goal has always been to provide our clients with the tools and resources they need to succeed in the financial markets. Through our platform and services, we are empowering traders around the world to achieve outstanding results,” Furey added.

Middle East Financial Markets Awards: Celebrating Global Excellence

The Middle East Financial Markets Awards is an annual event that brings together top leaders in the financial sector. Now in its second edition, held on October 5, 2024, at Atlantis, The Palm, the event recognized the most influential CEOs for their contributions to growth and innovation in the global financial markets. The awards celebrate excellence in areas such as investment management, fintech, and sustainability, highlighting those who have made a lasting impact on the industry.

“These recognitions are a testament to the hard work, dedication, and vision that our team at Tradeview Markets brings to the table every day,” Furey concluded. “We will continue pushing boundaries, innovating, and enhancing our offerings for our global clients.”

Website: https://www.tvmarkets.com/en/

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Tether AC Set to Collaborate with Sol x Foundation to Launch Sol x USDT, Create Regulatory and Compliance Across Europe and Asia

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31 mins ago

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November 1, 2024

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Summary: Tether AC, a top-notch blockchain-enabled platform is making waves by partnering with Sol x Foundation to launch Sol x USDT.

In the latest record, Tether AC set to collaborate with Sol x Foundation to launch the Sol x USDT, aimed at regulatory and compliance across Europe and Asia. Globally recognized financial institutions are developing blockchain-based financial products to compete with Sol x Chain. This effort has led to the formation of the Sol x Foundation, which is collaborating with Tether AC on the development of Sol x USDT, a new stablecoin designed for global markets.

The Sol x Foundation’s mission is to explore innovative ways to ensure the legal use of blockchain technology in regions such as the USA, Europe, Asia Pacific, China, Hong Kong, and Singapore, where governments are actively developing digital currencies. Sol x USDT will be authorized by the Sol x Foundation and could become a model for regulatory compliance, especially within the rapidly expanding web3 space.

As regulatory pressure intensifies, the launch of Sol x USDT is expected to replace the current USDT across all exchange platforms by 2025. This strategic collaboration between Tether AC and the Sol x Foundation aims to ensure compliance with both European and Asian regulations, positioning Sol x USDT as the preferred stablecoin for exchanges in these regions. This shift will enable exchanges to maintain regulatory standards while continuing to offer stablecoin services to users.

As blockchain technology continues to advance, the partnership between Tether AC and the Sol x Foundation marks a significant step in the development of compliant digital assets. With the regulatory landscape becoming increasingly complex, collaborations like these could offer a pathway for stablecoins to thrive both in Europe and globally while adhering to MiCA and similar regulations in Asia. 

In addition, the Sol x Foundation is also developing a new web3 blockchain with Layer 3 support, called Sol x Chain. Based on Solana 1.0, this blockchain has been upgraded to the Solana X Chain, leveraging Chainlink Technology to integrate financial and investment databases. Through this integration, Sol x Chain aims to create a secure, efficient ecosystem for digital assets by linking data from financial institutions and exchanges.

By collaborating with others, the platform aims to establish Sol x Chain as a leader in blockchain finance, providing the infrastructure for decentralized finance (DeFi) and investment services worldwide. The success of Sol x USDT and Sol x Chain could reshape the stablecoin landscape, offering innovative solutions that meet legal requirements without stifling the progress and potential of blockchain technology.

Media Contact:

Solana X Foundation

Mariya Spartalis

Mariya@solxfoundation.io

https://solxfoundation.io/ 

London, United Kingdom

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Dr. Narendra Singh Khurana: A Visionary Leader for Global Peace

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31 mins ago

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November 1, 2024

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Dr Khurana collaboration with Mr Gurdhir Singh and SRK Tourism to organise World tour with Singh Sahib Giani Harpreet Singh Ji to inspire all countries to join hands  together to share the idea of City of peace Franchise model  to practically achieve World Peace goal using technology which brings smiles and share power of  prayers without changing anyone faith, believe or country culture.

GSPBC , Los Angeles, CA – At a time when global conflicts and divisions challenge our collective well-being, Dr. Narendra Singh Khurana stands as a remarkable advocate for unity, peace, and harmony. Born on February 26, 1980, in the Meerut District of India, Dr. Khurana has dedicated his life to promoting global peace through spirituality, technology, and innovative leadership. His vision, encapsulated in the idea of the “City of Peace,” promotes love, understanding, and a “super good mood” for the world, fueled by a harmonious blend of mindfulness and technology.

Honoring Guru Ram Das Guru Purab and Celebrating Sikh Values

Dr. Khurana, an esteemed international ambassador of the Sikok brand (Singh is King of Kings), has long been recognized for his deep connection with the global Sikh and Punjabi community. On the auspicious occasion of Guru Ram Das Guru Purab, he has invited Singh Sahib Giani Harpreet Singh Ji to honor him with the Sikok Peace Award, celebrating Dr. Khurana’s ongoing efforts to inspire the world with a profound understanding of the message of Guru Granth Sahib Ji. Supporting this initiative is Surender Singh Kandhari Ji, Chairman of the Guru Nanak Darbar Gurudwara in Dubai, who, as a highly successful businessman, serves as a role model for the new generation being a successful businessman also by promoting tolerance and community leadership. Kandhari Ji’s commitment to upholding the teachings of Guru Granth Sahib Ji aligns with Dr. Khurana’s mission of spreading peace and understanding.

Celebrating the Legacy of Guru Ram Das Ji

Guru Ram Das Ji, the fourth Guru in the Sikh tradition and the founder of the city of Amritsar, is celebrated for his legacy of love, humility, and service. This award ceremony not only acknowledges the values of Guru Ram Das Ji but also emphasizes the ongoing dedication to these principles in today’s world.

Introducing Begumpura: A City Without Sorrow

Central to Dr. Khurana’s mission is the concept of “Begumpura”—a sanctuary where people from all walks of life, including leaders, royalty, and business icons, find mental peace and happiness. Named after a traditional term meaning “a city without sorrow,” Begumpura aims to foster an environment free from grief and negativity, where joy and tranquility are prioritized.

Uniting Global Genius Achievers Through Time and Technology

Dr. Khurana’s vision connects “Global Genius Achievers” (GGA) through both time and technology, linking reflections on 75,000 years of human history to modern practices of positivity. Through his global “World Prayer Bank,” he encourages daily prayer and smiling as powerful rituals to cultivate peace and resilience. This fusion of tradition and technology reflects his belief that global peace is both attainable and sustainable.

A SIKOK and Tyra collaboration centered around business and technology with a focus on AI could bring unique solutions in organising  Events by leveraging Tyra’s expertise in technological innovation and SIKOK’s market insights and resources.

This collaboration could empower businesses and events  with advanced AI capabilities, enabling them to make better decisions, automate processes, and stay competitive in a technology-driven landscape and backing with Technology theme to all SIKOK Events to sharing vision of Technology Era.

A Global Business Leader and Advocate for Economic Empowerment

With over 25 years in network marketing, Dr. Khurana has built extensive connections with over 500 billionaires and Global Genius Achievers across 110 countries and leads a network of 270,000 members. His company, headquartered in Los Angeles, aims to create 1,000 new billionaires by 2025, targeting five per country so all countries economy gets benefits. Dr. Khurana’s goal emphasizes economic empowerment as a pathway to peace, aspiring to uplift individuals while fostering a commitment to a harmonious world.

The Googolplex Smiles Party Billionaires Club (GSPBC)

At the core of Dr. Khurana’s peace efforts is the Googolplex Smiles Party Billionaires Club (GSPBC), a platform that recognizes leaders who promote kindness and positivity through daily smiles and prayers. GSPBC is composed of billionaires, celebrities, and global leaders who inspire peace and joy, creating a ripple effect of goodwill worldwide.

 

Building the City of Peace: A Vision for Tranquility and Unity

A dreamer of grand architecture, Dr. Khurana envisions constructing the world’s tallest structure shaped like a Christmas tree in his City of Peace. This space would serve as a timeless monument to unity, a place for future generations to gather in peace. By collaborating with the hotel and entertainment industries, Dr. Khurana aims to create a hub for global icons, billionaires, and spiritual leaders to inspire a positive world culture.

A Global Call to Action for Peace

Dr. Khurana’s mission reaches beyond individual goals, seeking to bring people together across cultures and beliefs. As part of this vision, he plans to appoint peace ambassadors from 200 countries, empowering them to spread his message of love and joy within their communities.

SIKOK Honouring Top Brands , Global icons and Celebrities in Collaboration with SRISIIM UNIVERSITY

Dr.Khurana’s journey will take a significant step forward on February  26, 2025, when the GOOGELPLEX SMILES PARTY BILLIONAIRES CLUB hosts an Exclusive Press conference features a trailer for an upcoming global movie titled “Technology Scripture” Showcasing Dr.Khurana’s vision for using technology as a catalyst for peace and in Collaboration with Hony Doctorate and convocation by SRISIIM UNIVERSITY, NEW DELHI  with global Bureaucrats & Celebrities. This day also a significant day of Lord Shiva, as we celebrate “SHIVARATRI”on the 26th February ,2025 (making it a biggest Shivratri Gathering in the world. Co-incidentally, Dr Khurana too celebrate his birthday on the same day. The event aims to bring together atleast 1,000 participants, offering the opportunity to get prestigious golden visa for Dubai, in Partnership with SIKOK Event and Rubin Raj Productions..

the oldest spiritual establishment of India, Sri Sharada

Peetham (sringeri.net) (established in 8th Century by Great Sage Adi Shankaracharya)

(https://en.wikipedia.org/wiki/Adi_Shankara), having an International Research Institute

(www.srisiim.ac.in) in New Delhi, India.

‘SRISIIM’ a premier Institution of Jagadguru Shankaracharya Mahasansthanam of Sri

Sharada Peetham, Sringeri, having a legacy of 1200 years, established by the Saint

Philosopher Jagadguru Adi Shankaracharya in 788 AD and also having 295 centres all across the world, It is a unique institute of Research & Study on Leadership and Management. This is an Autonomous Institution approved by the Ministry of Education Govt. of India for Post Graduate & Masters Programmes in Management with its core activities of Research & Development. The institution has been further endorsed by the Ministry of Science &Technology, Government of India through recognition of the institution as the National Centre of Excellence as a Scientific & Industrial Research Organization, having received the approval from the Ministry of Science & Technology, Department of Scientific & Industrial Research

(DSIR).

Proposed Guests of honor to grace our event :

1) Rajinikanth 

2) Sharukh Khan 

3) Yami Gowtham 

4) Rishab Shetty

5) junior NTR 

6) Ram Charan 

7) R. Madhavan 

8) mohan lal

and many more invites would be extended to the Indian Celebrities to grace the occasion

Prominent names to conferred with Hony Doctorates by SRISIIM RESEARCH UNIVERSITY, New Delhi, India to:

  • Globally Acclaimed Theorist of Quantum Science, Prof. Ervin Laszlo from Italy, Noted Bollywood Actor, Dr. Rajani Kant, Sh Sharukh  Khan, Ms. Yami Gautam, Renowned TV Anchor, Arnav Goswami, Palki Sharma,  Former Defense Secretary of India, Sh. Sekhar Datta,Trisha Krishnan

UKC , GSPBC AND SIKOK COLLABORATION 

Dr Khurana will be honouring Medal to the founder of UKC Kunal Sharma and Chris Gayle from USA brand Googolplex Smiles Party Billionaires Club with support of Sikok Events in Dubai  for inspiring young generation with Cricket Sports , sharing wisdom of tolerance ,Peace to  enjoy good mental and physical health with support of UKC brand on 2nd Nov 2024 at Barasti, Dubai. 

Dr Khurana Team is supporting  UKC Tournament which  is planned in Saudi Arabia in Jan 2025 at  UNIQUE ARENA full of 1v1 INTENSE ACTION, PACKED 3 DAY TOURNAMENT.WITH 10 ICONIC KRICKETING STARS PLAYING  20+ THRILLING MATCHUPS.

High intensity, action packed kricket at its finest. Stars go head to head in the UKC Dome to battle for kricketing supremacy.

UKC is the pinnacle of explosive sport and entertainment. A first of its kind gladiatorial style 1 V 1 cricket showdown featuring the best names in the business. The tension, the drama and the spotlight all lead to the culmination of this mega sporting showdown where the victor receives all bragging rights and ultimate glory.

The last season of UKC saw a huge influx of fans across the global tuning in to see their favorite stars battle it out at the Coca Cola Arena in Dubai.

 

Celebrating the Legacy of Guru Ram Das Ji

Aligning with the values of Guru Ram Das Ji, the fourth Sikh Guru and founder of Amritsar, this celebration will honor humility, love, and service. Dr. Khurana’s mission echoes these values, with support from Surender Singh Kandhari, Chairman of the Guru Nanak Darbar Gurudwara in Dubai. The event underscores a legacy of tolerance and community, advocating a peaceful and inclusive society.

Conclusion

Dr. Narendra Singh Khurana’s life work exemplifies a commitment to peace, love, and unity. Through his City of Peace, GSPBC, and partnership with influential leaders, he spreads hope and inspiration, one smile and one prayer at a time. With support from the entertainment and hospitality industries, Dr. Khurana’s vision embraces a future where cities around the globe radiate positivity and “super good moods,” embodying the wisdom that kindness can indeed shape a more harmonious world.

For more information on Dr. Khurana’s initiatives or to attend the Dubai event, please contact at Email:Sikokevents@gmail.com

Media contact:

Company name:Sikok Events

Contact name:Dr Narendra Singh Khurana

Email:Sikokevents@gmail.com

Website: https://www.supergoodmood.com  

Country name-: UAE

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Cloud PR Wire

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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