China powers the future of online travel industry, emerging as the most lucrative market The projected size of the Online Travel market is expected to reach US$ 1.56 trillion by 2030, rising at a Compound Annual Growth Rate (CAGR) of 12.99% during the period from 2023 to 2030. The global online travel industry is experiencing rapid growth, driven by seamless flight and hotel bookings, increased customer confidence in online payments, and the ability to compare various travel options. Market players are actively offering travel services through mobile websites and apps, catering to the preferences of younger professionals who favor these mediums for their travel bookings. In 2022, the Travel and Tourism Council contributed 7.6% to the global GDP, marking a 22% increase from...
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Squaremouth predicts the 2024 travel outlook This year has been a challenging one for travelers, featuring passport delays, pilot strikes, natural disasters, and other uncommon disruptions. Looking ahead into the new year, Squaremouth, the US based leading travel insurance marketplace, reveals their predictions of the most notable travel trends to expect in 2024, and shares tips for travelers planning their trips. 1. 2024 will be the most expensive year on record for travelers Travelers have seen an increase in travel prices for the past three years running. The average international trip cost in 2023 is $6,574, up 21% from last year, and 30% from 2021. Data indicates this trend shows no signs of stopping, and many travelers share this same sentiment and expect to spend...
Read MoreThings have moved fast this year for the exciting HamacLand concept, now established across 3 continents, 5 oceans and 12 countries, including 7 island groups. It has a presence at Marriott International and Hilton Worldwide, 2 of the world’s top 5 hotel chains, and leading hotel groups like Anantara, Four Seasons, Jumeirah, Soneva, and Excellence Resorts. HamacLand Concept SAS already has clients and returning clients in the Bahamas, Maldives, Oman, United Arab Emirates, Qatar, St. Kitts and Nevis, Seychelles, and Turk and Caicos Islands. Now they have made a big splash with a brand-new redesigned HamacLand, which has brought in its wake new clients in the USA, Jamaica, Saudi Arabia and the Cayman Islands. What's the HamacLand USP? It's a yacht-built floating lounge & hammo...
Read MoreAI leads a technologically empowered future for tourism After a challenging few years for the tourism industry, there is a revitalized appetite for global travel, coinciding with a paradigm shift in technology marked by rapidly accelerating connectivity and innovation in AI and data. In this dynamic digital landscape, consumers are demanding more personalized and streamlined services to help them make informed travel decisions amidst the information overload. Travel service providers, armed with the latest technological developments, are now more equipped than ever to meet these demands. Trip.com continues to lead in creating a simplified and hassle-free user experience, offering personalized information at users' fingertips, empowered by AI-led capabilities and innovative content mark...
Read MoreBeing a digital nomad may be an ever-increasingly popular lifestyle, offering the opportunity to travel, achieve a better work-life balance, and take control over where, when, and how you work. However, there is one issue that is all too common amongst solo nomads: loneliness. If you’re not the extroverted, chatty type, in particular, some digital nomads may find themselves craving friendships and community - but struggling to build those relationships in a new country and culture. Team at MoneyTransfers.com decided to review some of the liveliest, most social and community-based locations around the world. We compared a total of 45 prominent digital nomad cities to find the ultimate ranking of the best cities in the world for lonely digital nomads. FILE PHOTO: Tourists visit the...
Read MoreThe number of destinations offering Digital Nomad Visas has risen significantly over recent years, with almost half now offering visas for at least one year. According to a new analysis by the World Tourism Organization covering 54 destinations, the rise in Digital Nomad Visas (DNVs) has gone hand-in-hand with an increase in digital nomads, with destinations in all regions working to meet the market trend. Destinations Welcoming Digital Nomads The UNWTO Brief examines the DNV programmes in seven areas: Application process, Duration of visa, Taxation, Insurance, Accommodation, Minimum income requirements and criminal records check. The brief looks at the background and current state of digital nomadism trends and provides an analysis of existing DNVs worldwide...
Read MoreSlotTracker.com has revealed that Paris is the top ‘old money’ hotspot in the world, with a mind-blowing 141,990,847 hashtags on Instagram – 15 times the number of hashtags for Bordeaux, the next French destination on the list. 'Old money’, also referred to as ‘quiet luxury’, is TikTok’s newest trend with over 2.5 billion views for #oldmoneyaesthetic. From Sophia Richie’s style to the show ‘Succession’, this trend exudes sophistication that is understated, subtle, and free from overt displays of wealth. Great evening view of Santorini island. Picturesque spring sunset on the famous Greek resort Fira, Greece, Europe. Traveling concept background. Artistic style post processed photo. Curious about the “old money” trend, SlotTracker.com wanted to unveil which destinations have perfe...
Read MoreBlooming this Spring: solo and duo travel, international trips, hills and beach getaways
Excitement about travelling international continues amongst Indian guests Indian guests are immersing themselves in the rich cultures of iconic European cities or escaping to the hills and beaches of India Iconic Cities, Amazing Pools and Beach getaways are the most booked Categories by Indian travelers during spring in 2023 Winter is almost over, and with temperatures starting to rise and the days getting longer, Indian travelers are already planning their spring break getaways. When it comes to locations, European cities, beach towns and hill stations are inciting wanderlust for Indian guests this spring (For both 2022 and 2023, “spring” bookings or searches on the Airbnb platform are defined as March 1 - April 30. Trends data in this report uses data from 2022 with chec...
Read MoreAirbnb Data also reveals that more people are travelling to iconic cities around the world International travel saw a strong recovery in 2022, a trend that should continue to rise in 2023 Benefiting local communities by travelling to off-the-beaten-path destinations, will further help in tourism recovery Domestically, Indians are exploring off-beat destinations in states like Tamil Nadu, Maharashtra, Meghalaya and Telangana Solo Travel was the most popular type of International travel by Indians followed by couple and family travel Airbnb has presented a round-up of key trends that have emerged in India and how travellers are embracing new forms of travel. New data based on internal Airbnb search data between Q1'22 - Q3'22 reveals that international travel saw a stron...
Read MoreWTTC and Trip.com Group global traveller report reveals shift towards sustainable travel “Demand for travel is now stronger than ever” says WTTC President & CEO Julia Simpson A major new report by World Travel & Tourism Council (WTTC) and Trip.com Group, together with Deloitte, reveals a heightened appetite for sustainable tourism amongst consumers, with 69% of travellers actively seeking sustainable travel options. In this follow-up report, WTTC joined forces again with leading global travel service provider, Trip.com Group and its major consumer brands Trip.com, Ctrip and Skyscanner, with additional data sourced from Deloitte, to analyse the trends that shaped the Travel & Tourism sector last year and will continue to do so over 2023. The Mont des Arts or Kunst...
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