THE U.S. AND India should coordinate their efforts when reopening the two countries after the COVID-19 pandemic stabilizes, according to the head of the U.S.-India Strategic Partnership Forum.
Headquartered in Washington, D.C., the USISPF aims to create a strategic partnership between the two countries. It nurtures a vision of business and government coming together in new ways to create meaningful opportunities that have the power to change the lives of citizens.
The USISPF estimates that U.S.-India bilateral trade is likely to grow from $143 billion now to $238 billion by 2025. This growth will occur if trade grows by 7.5 percent each year, as has been the trend for the last seven years. The estimate also projects that, by 2025, bilateral trade could range between $283 billion to $327 billion, at an annual average growth rate of 10 to 12.5 percent.
Mukesh Aghi, president and CEO of USISPF described the U.S. president Donald Trump’s recent visit to India as historic as “it showcased the enormous strength of our people-people ties, the culture bonds we share”.
He recently said that Facebook's $5.7 billion investment in Reliance Jio during the coronavirus pandemic is a reflection of the faith that foreign companies have in the Indian economy's potential and future growth.
In an interview to Asian Hospitality, Aghi suggested that India and the U.S. should coordinate their efforts while opening up the economy once restrictions in connection with COVID-19 lockdown are lifted. The full text of the interview follows:
You recently praised India's decision to impose the lockdown and said it is an opportunity. Could you elaborate?
India was one of the first countries globally to take direct action against the pandemic through lockdown, blocking travel, etc. The opportunity lies in the increased potential for both countries to collaborate further to fight this common enemy— India has already supplied hydroxychloroquine to the U.S. There are further areas of collaboration where the situation is evolving— in testing, tracing mechanism, vaccine development, among others.
How are India and the U.S. fighting the coronavirus? What are the areas of concern for these nations?
The biggest concern in my opinion, besides the health concern for all citizens, would be how to open up the economy in a systematic manner while ensuring that citizens are protected but also essential service providers get the support they need. India is considering a staggered exit strategy from the lockdown, but the real challenge will also be to ensure that essential services such as schools and transportation are also fully operational. So, it is a complicated process and we are suggesting that both countries coordinate their efforts on this front— it would certainly help to get businesses back on track.
Now, the U.S. has reported the most coronavirus infections across the globe. How is the country is preparing itself to overcome the pandemic?
The U.S. government, both at the federal and state level, is taking the much-needed steps to tackle the pandemic. Of course, the pandemic has hit states differently— densely populated states like New York have been hit the hardest. The private sector is deeply involved in helping governments at all levels deal with the crisis— ramping up production of masks, ventilators and also leading with innovations from universities, research labs, and start-ups. We are witnessing a concerted action on all fronts.
How is the response from the Indian community in the U.S. to coronavirus?
Indian Americans are contributing in numerous ways— whether it is as front line workers in hospitals or providing relief to vulnerable communities and families in India and the US who are struggling from food shortages due to the pandemic.
What are the activities initiated by USISPF during this hour of crisis?
We are continuing our engagement with governments and our members— advocating on behalf our members on business continuity issues, advising the government of India on the economic taskforce been formed to deal with COVID-19, and also connecting start-ups in Silicon Valley who are devising innovative strategies in dealing with the pandemic to the Government of India.
In your opinion, what will the impact of bilateral trade post the pandemic between the two countries? After the recent visit of Donald Trump to India did you notice any visible change happened in the relationship between the two nations?
We still have untapped potential in our bilateral trade – therefore, I don’t see the interest or the opportunity declining even in the face of this pandemic. President Donald Trump’s visit to India was a historic one as it showcased the enormous strength of our people-people ties, the culture bonds we share. While we didn’t finalize a trade deal, I think we are moving towards stronger collaboration in the defense corridor, in the Indo-Pacific region, energy cooperation, space cooperation to name a few. In 2018-19, United States was India’s top goods trade partner—not China. In short, the visit highlighted the strength of the economic partnership that forms the bedrock of the bilateral— one based on a true win-win opportunity.
Peachtree recognized by Inc. and the Atlanta Business Chronicle.
Named to the 2025 Inc. 5000 list for the third year.
Chronicle’s Pacesetter Awards recognize metro Atlanta’s fastest-growing companies.
PEACHTREE GROUP ENTERED the 2025 Inc. 5000 list for the third consecutive year. The company also won the Atlanta Business Chronicle Pacesetter Awards as one of the city’s fastest-growing private companies.
The Inc. 5000 list provides a data-driven look at independent businesses with sustained success nationwide, while the Business Chronicle’s Pacesetter Awards recognize metro Atlanta’s fastest-growing privately held companies, Peachtree said in a statement.
“We are in the business of identifying and capitalizing on mispriced risk, and in today’s environment of disruption and dislocation, that has created strong tailwinds for our growth,” said Greg Friedman, managing principal and CEO. “These recognitions validate our ability to execute in complex markets, and we see significant opportunity ahead as we continue to scale our platform.”
The Atlanta-based investment firm, led by Friedman; Jatin Desai, managing principal and CFO and Mitul Patel, principal, oversees a diversified portfolio of more than $8 billion.
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Global hotel RevPAR is projected to grow 3 to 5 percent in 2025, JLL reports.
Hotel RevPAR rose 4 percent in 2024, with demand at 4.8 billion room nights.
London, New York and Tokyo are expected to lead investor interest in 2025.
GLOBAL HOTEL REVPAR is projected to grow 3 to 5 percent in 2025, with investment volume up 15 to 25 percent, driven by loan maturities, deferred capital spending and private equity fund expirations, according to JLL. Leisure travel is expected to decline as consumer savings tighten, while group, corporate and international travel increase, supporting RevPAR growth.
Major cities continue to attract strong demand and investor interest, particularly London, New York and Tokyo. APAC is likely to post the strongest growth, fueled by recovering Chinese travel, while urban markets remain poised for continued momentum.
Lifestyle hotels are emerging as the new “third place,” blending living, working and leisure. The trend is fueling expansion into branded residences and alternative accommodations. JLL said investors must weigh regional performance differences, asset types and lifestyle trends when evaluating opportunities.
Separately, a Hapi and Revinate survey found fragmented systems, inaccurate data and limited integration remain barriers for hotels seeking better data access to improve guest experience and revenue.
Fragmented systems, poor integration limit hotels’ data access, according to a survey.
Most hotel professionals use data daily but struggle to access it for revenue and operations.
AI and automation could provide dynamic pricing, personalization and efficiency.
FRAGMENTED SYSTEMS, INACCURATE information and limited integration remain barriers to hotels seeking better data access to improve guest experiences and revenue, according to a newly released survey. Although most hotel professionals use data daily, the survey found 49 percent struggle to access what they need for revenue and operational decisions.
“The Future of Hotel Data” report, published by hospitality data platform Hapi and direct booking platform Revinate, found that 40 percent of hoteliers cite disconnected systems as their biggest obstacle. Nearly one in five said poor data quality prevents personalization, limiting satisfaction, loyalty and upsell opportunities.
“Data is the foundation for every company, but most hotels still struggle to access and connect it effectively,” said Luis Segredo, Hapi’s cofounder and CEO. “This report shows there’s a clear path forward: integrate systems, improve data accuracy and embrace AI to unlock real-time insights. Hotels that can remove these technology barriers will operate more efficiently, drive loyalty, boost revenue and ultimately gain a competitive edge in a tight market.”
AI and automation could transform hospitality through dynamic pricing, real-time personalization and operational efficiency, but require standardized, integrated and reliable data to succeed, the report said.
Around 19 percent of respondents cited communication delays as a major issue, while 18 percent pointed to ineffective marketing, the survey found. About 10 percent reported challenges with enterprise initiatives and 15 percent said they struggled to understand guest needs. Nearly 46 percent identified CRM and loyalty systems as the top priority for data quality improvements, followed by sales and upselling at 17 percent, operations at 10 percent and customer service at 7 percent.
Meanwhile, hotels see opportunities in stronger CRM and loyalty systems, integrated platforms and AI, the report said. Priorities include improving data quality for personalized engagement, using integrated systems for real-time insights, applying AI for offers, marketing and service and leveraging dynamic pricing and automation to boost efficiency, conversion and profitability.
“Clean, connected data is the key to truly understanding the needs of guests, driving amazing marketing campaigns and delivering direct booking revenue,” said Bryson Koehler, Revinate's CEO. “Looking ahead, hotels that transform fragmented data into connected data systems will be able to leverage guest intelligence data and gain a significant advantage. With the right technology, they can personalize every interaction, shift share to direct channels and drive profitability in ways that weren’t possible before. The future belongs to hotels that harness their data to operate smarter, delight guests and grow revenue.”
In June, The State of Distribution 2025 reported a widening gap between technology potential and operational readiness, with many hotel teams still early in using AI and developing training, systems, and workflows.
Hyatt partners with Way to unify guest experiences on one platform.
Members can earn and redeem points on experiences booked through Hyatt websites.
Way’s technology supports translation, payments and data insights for Hyatt.
HYATT HOTELS CORP. is working with Austin-based startup Way to consolidate ancillary services, loyalty experiences and on-property programming on one platform across its global portfolio. The collaboration integrates Way’s system into Hyatt.com, the World of Hyatt app, property websites and FIND Experiences to create a centralized booking platform.
World of Hyatt members can earn and redeem points on experiences booked through Hyatt websites, including wellness programs, cultural activities, ticketed events and local collaborations, the companies said in a statement. Members can also access FIND Experiences, which includes activities and auctions where points can be used to bid on events.
"In our search for an on-brand platform to power experiences and tap into ancillary revenue opportunities, Way's collaboration has been a true unlock for us," said Arlie Sisson, Hyatt’s senior vice president and global head of digital. "After a thorough evaluation of potential solutions, Hyatt chose Way to power the next chapter of our digital strategy by streamlining operations, elevating brand differentiation, enhancing personalization and, most importantly, delivering care at every touchpoint in the guest journey."
The Way initiative spans Hyatt’s portfolio, covering cabana rentals, in-room amenities and partnerships with local providers, the statement said. Way’s technology supports real-time translation, more than 100 currencies, multiple payment methods and data insights to help Hyatt manage operations globally.
"Hyatt set a high bar and Way is proud to bring their vision to life," said Michael Stocker, Way’s co-founder and CEO.
"The platform supports enterprise needs while preserving the guest experience."
U.S. CMBS delinquency rate rose 10 bps to 7.23 percent in July.
Multifamily was the only property type to increase, reaching 6.15 percent.
Office remained above 11 percent, while lodging and retail fell.
THE U.S. COMMERCIAL mortgage-backed securities delinquency rate rose for the fifth consecutive month in July, climbing 10 basis points to 7.23 percent, according to Trepp. The delinquent balance reached $43.3 billion, up from $42.3 billion in June.
Trepp’s “CMBS Delinquency Report July” showed multifamily led the increase, with its delinquency rate rising 24 basis points to 6.15 percent. Lodging fell 22 basis points to 6.59 percent and retail declined 16 basis points to 6.90 percent. Office delinquencies edged down to 11.04 percent after hitting a record 11.08 percent in June.
Loan-level analysis showed $4.4 billion in loans became newly delinquent in July, exceeding $3 billion that cured. Mixed-use, retail and office each accounted for more than $800 million of newly delinquent loans.
The seriously delinquent share, 60+ days, foreclosure, REO, or non-performing balloons, rose to 6.93 percent, Trepp said. Excluding defeased loans, the overall delinquency rate would be 7.41 percent.
A separate report from Lodging Econometrics showed the global hotel pipeline at 15,871 projects, up 3 percent year-over-year, totaling 2,436,225 rooms, up 2 percent.