The travel industry is poised for growth in 2025, with Skift Research predicting a 9% increase in global travel spending, led by a 14% surge in India. However, challenges such as rising labor costs and slow economic growth in Europe and China could temper progress. Meanwhile, Accor is expanding its luxury offerings, including launching the ultra-luxury Orient Express brand, and Casago's acquisition of Vacasa signals shifts in the vacation rental market, with plans to sell local operations and establish franchise agreements.

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