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.

  1. Volume I

    2025

    The Infrastructure Year

    The year the destination economy ceased to be a hospitality category and became an infrastructure category.

    Read volume →
  2. Volume II

    2026

    The Operating Cycle

    Filed continuously through the year. Published December 2026.

    In production
  3. Volume III

    2027

    Scheduled. December 2027.

    Scheduled

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.