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In late 2021, the prices of many essential goods in the United Kingdom began increasing faster than household incomes, resulting in a fall in real incomes. The phenomenon has been termed a cost-of-living crisis.

The Ascend Collection is a brand launched by Choice Hotels International in 2008 for higher-priced historic and boutique hotels. Competing brands include Best Western’s Signature and Premier Collections, Wyndham’s Trademark Collection, and IHG’s Voco Collection.

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During the 2000s, United States housing prices experienced a sharp run up and subsequent collapse affecting over half of the U.S. states. In many regions, a real estate bubble was the impetus for the subprime mortgage crisis.

Saudi Arabia has a high-income developing economy highly reliant on its petroleum sector. Oil and gas account for approximately 22.3% of Saudi GDP and 55% of government revenue, with substantial fluctuations depending on oil prices each year.

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