Houston is set to achieve a record 54 million visitors in 2024, driven by its expanding convention infrastructure and rising popularity as a destination. The George R. Brown Convention Center’s expansion is a key factor in this growth, promising significant economic benefits. Hotel revenues have already increased by 15%, reflecting the city’s successful tourism strategy.
Recent legal developments have paused the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act. A court injunction temporarily blocks BOI enforcement, affecting over 32 million businesses. Stay updated on this significant legal shift.
Discover how seven Houston-based companies have secured their positions in Forbes’ 2024 list of top private U.S. businesses. From energy giants like Calpine to diversified groups like The Friedkin Group, these companies demonstrate significant economic impact with multi-billion dollar revenues and strategic expansions.
The Woodlands is emerging as a leading office leasing destination, with a surge in new leases and expansions. The area offers modern “Class A” office spaces and a strong work-life balance, attracting diverse industries. The leasing rate is notably higher than Houston’s, reflecting the area’s growing appeal.
An economist forecasts headline inflation in the Philippines to reach 2.6 percent this December.
Honda’s stock surged over 16% after announcing a $7 billion buyback plan. The move coincides with merger talks with Nissan, aiming to bolster their market position amidst global auto competition.
Benguet Corporation aims to expand its mining operations and diversify into new sectors, including renewable energy, after emerging debt-free. The company plans to enhance its portfolio with strategic investments, marking a significant growth phase following decades-long financial constraints.
Amazon workers strike across several U.S. facilities, led by the Teamsters Union demanding a labor contract. The strike affects key locations during the holiday rush.
The Woodlands, a suburb north of Houston, is emerging as a top office leasing hub. With new tenants and expanded leases across diverse industries, the area is thriving. The Woodlands offers “Class A” office spaces and a strong work-life balance, attracting companies with its premier amenities and strategic location.
Patrick Jankowski of the Greater Houston Partnership forecasts a strong 2025 for Houston’s economy, highlighting job growth, innovation, and population increases. Despite policy uncertainties, Houston’s robust economy and optimistic outlook ensure resilience and continued prosperity.