Book review for the OIV Awards: Sustainable and Innovative Wine Tourism – Success Models from all Around the World 

I just finished reviewing a book for the OIV Awards: Sustainable and Innovative Wine Tourism – Success Models from all Around the World, Monograph by Raul Compes Lopez and Gergely Szolnoki 

It was a fascinating read on the sector. The monograph compiles the works of 36 authors from 15 nationalities and explores the evolution of wine tourism in different countries and includes coming out of Covid-19.

My general overall impression is that it is a must-read for the international wine tourism industry, especially now coming out of the pandemic, it is extremely relevant.

Liz Palmer 

#bookreview #monograph #winebookreview #winebook #academicwinebook #winetourism  #sustainability #gastronomy #destinationmanagement #Innovative winetourism #oiv #preservingregionalheritage #bookstagram #winehistory #winelovers #booklover #winetravel #enoturismo #winecountry #winejudge #bookawards #internationalbookawards 

Les Dames d’Escoffier Ontario “Uncorked” Wine and Gift Basket Auction

Les Dames d’Escoffier Ontario sends a sincere and heartfelt THANK YOU to everyone that participated in our recent “Uncorked” online auction.  The response exceeded our expectations, and we could not be more pleased and humbled by your thoughtfulness.

The event was a success in part due to our wonderful partner Crafting for a Cure, our generous sponsors, thoughtful donors and the bidding wars that took place at our online auction!

Stay tuned for our press release which will have a complete list of our sponsors, volunteers, and top bids.

Liz Palmer
President, Les Dames d’Escoffier Ontario

#corkedwineauction  #fundraiser #lesdames #lesdamesdescoffier #ldei #wineforacause #uncorked #womensupportingwomen #craftingforacure #womeninwine #wine #instawine #womeninhospitality #womeninwinebusiness #torontoevents  #wineauction #wineauctionToronto  #LesdamesON #Charityevent  #wine #onlinewineauction #winelovers #cfc #charity #philanthropy #torontoonlinewineauction #onlineshopping #torontowineauction #thankful #grateful 

I’m so honoured to be nominated for the 2021 RBC Canadian Women Entrepreneur Awards!

I’m so honoured to be nominated for the 2021 RBC Canadian Women Entrepreneur Awards!  

I am grateful to have such an amazing board of women @lesdamesintario and @upsocialwineandspirits team – I could do any of this without you🙏

#grateful #RBCcanadianwomen #staysafe #woiglobal #awards #nomination #woiglobal #womensupportingwomen #womenentrepreneurs #womeninbusiness #inspiration #womeninwine #womeninhospitality #womeninwinebusiness  #womeninmarketing #martec #womeninmartech#CDNwomenOwned #Supportwomeninbusiness #RBCCWEA

CELEBRATE INTERNATIONAL WOMEN’S DAY WITH FRANCE CANADA CHAMBER OF COMMERCE – WOMEN IN LEADERSHIP – MARCH 8TH, 2021

I am honoured and delighted to participate in an online panel discussion to mark “International Women’s Day 2021 – France Canada Chamber of Commerce (ON) and the French Embassy in Canada” celebrating – Women in Leadership –

I am excited to come together with other industry leaders and to hear their perspectives.

A special “Thank You” to Ms Riva Walia for suggesting me as a panel speaker.

I invite you to join us to celebrate International Women’s Day!

Registration:

https://www.fccco.org/event-details/women-in-leadership

Happy Women’s Day
Liz Palmer 

#grateful #honoured #internationalwomensday #womensday #womensday2021 #womeninwine #womenintech #womenleaders #womensdayspecial #francecanad #frenchembassy #onlineevent

 

Silicon Valley Bank: The US wine industry will bound back in 2021

The US wine industry is poised to bounce back in 2021, according to a report by Rob McMillan, Founder, Silicon Valley Bank, with a consumer desire to celebrate set to help drive wine sales this year.

Silicon Valley Bank’s 20th annual review of wine industry prospects predicts that temporary gains will yield to long-term declines. The report raises doubts that this year’s expected sales momentum will carry very far into 2022.

Wineries that have established strong direct-to-consumer sales during the Covid-19 pandemic, as well as online retailers, can expect more gains in 2021, the report says, while bricks-and-mortar retailers, urban-based grocers and restaurants will take years to recover.

Restaurants will drastically need new investment to survive or to re-appear. Yet, the report predicts a quick recovery for the industry as a whole, although the relative importance of individual sales channels will shift dramatically.

Online wine retailers had major growth in sales during 2020, and that is expected to continue into 2021. This channel, and wineries’ own online efforts, “will represent 20% of an average winery’s sales within five years,” the report predicts.

McMillan stressed that wineries, in spite of the loss of tasting room sales, are not in the same financial straits as restaurants. “Wineries seldom go bankrupt,” he said, “even if they are over-leveraged. If they have financial problems, there’s always a willing buyer.”

One problem that was lurking in the US at this time last year, according to the report, was an over-supply of wine. But damage to crops from last year’s fires and smoke, as well as diminished tasting room sales, resulted in supply now being back in balance with demand.

However, one problem that has not gone away is the changing ages of wine drinkers. As Baby Boomers continue to retire, they are being replaced by younger drinkers with different agendas.

While the decrease in demand by Boomers for wine purchases at all price levels has not been as precipitous as once predicted, the decline is not being offset by younger drinkers, who often see better value in craft beers and in spirits.

“The digital world parallels the real world,” McMillan said, “and the new consumer is not one who wants to rely on advice from most current sommeliers. We need to consider the values of younger drinkers, and they value things in the wine world differently.”

Download the full report

https://www.svb.com/trends-insights/reports/wine-report