The Tourism industry in Malta accounts to around 12.5% of GDP (taking just the direct contribution) with this growing to around 19% (taking the indirect contribution also). When one has a look at the source countries that tourists to Malta arrive from, we see the following for 2019: Origin2019United Kingdom649,624Other511,025Italy392,955France239,140Germany211,546Scandinavia1124,411Spain116,295Poland104,228Belgium70,886Netherlands59,528Ireland53,089USA50,525Australia49,807Switzerland48,954Hungary37,976Austria33,251Total2,753,239Inbound Tourists Arrivals in Malta in …

Continue reading Global Consumer Sentiment – Slow Recovery to the Tourism Industry in Malta

The global economic recession triggered by the Covid-19 shutdown has wreaked havoc on almost all types of businesses . On the background of all this we have been hearing various predictions which all profess the need of a thorough transformation of entire companies. It could well be the case but reality on the ground is …

Continue reading Are you pivoting?

EMCS has been researching and tracking consumer confidence in Malta for a good number of years. The Consumer Confidence indicator for Malta as estimated by EMCS is a Harmonized Index as collected in many countries around the world. This report is based on a monthly telephone survey based on 1000 responses from the general population …

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As the negative business effects of the COVID-19 pandemic are very much amongst us, many sales leaders are faced with a tough choice: drive as many sales as possible today or prepare for the future. Most sales leaders are trying to do both, of course, but the intense pressures they’re feeling as economies around the …

Continue reading Support your Sales team

I was recently giving some training on Communication Skills and was explaining how many times we communicate through our psychological bias, which can act as a natural barrier to effective communication. The link between our beliefs and our biases and how these effect the way we communicate has long been studied, with the leader of …

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In the midst of the Covid-19 crisis, we have become painfully aware of the fragility of many companies. Hence the identified importance for businesses to build their resilience. To be honest, when we come to teaching business management little focus, if any at all, is placed on resilience and the focus is much more on …

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I believe you would agree with me that we are truly living through a period of a global lack of good leadership. So the least we need is to add to the sorry count of bad leaders. As a business leader, now that we are in some sort of a recovery phase this should provide …

Continue reading Leadership Again?

All the research around the globe since the outbreak of COVID-19 and the various lockdowns has shown a huge drop in discretionary spending, whereby in some categories this plummeted by as much as 90% at the peak of COVID-19 lockdown efforts aimed at easing the spread of the virus. Given that discretionary spending comprises a …

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I know that many businesses are still struggling to remain afloat. Many are just focused on cost cutting and liquidity injections and managing their cashflow on a day to day basis. This is all very important but someone within the business has also to be looking into the future. Any crisis, besides dangers also brings …

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Nobody is planning to fail, but many companies are failing because of lack of planning. This has never been more evident as I see various companies trying to cope with the present economic crisis. As we all know by now, when a crisis hits, it brings with it an intense level of pressure and under …

Continue reading Getting the Basics Right