Annual Index
One volume per year.
On the record.
The State of Destinations is our annual institutional record — a single volume, filed each December, that consolidates the year in capital flows, regional shifts, and asset typologies across the destination economy.
Current edition: Volume I · 2025.
Volume I
2025
Read volume →The Infrastructure Year
The year the destination economy ceased to be a hospitality category and became an infrastructure category.
Volume II
2026
In productionThe Operating Cycle
Filed continuously through the year. Published December 2026.
Volume III
2027
Scheduled—
Scheduled. December 2027.
Editorial cycle
Each volume is composed throughout the year via deep dives, case studies, concepts, and weekly intelligence briefs. In December, the year is closed and the volume becomes the definitive institutional record for that cycle.