Metaverse operations, autonomous electric vehicles, and the digital economy set to transform the industry SITA’s Meet the Megatrends report Several powerful megatrends – from young, highly connected travelers to the arrival of electric air taxis – will exert an immense influence on air travel over the next decade, forcing industry, governments, and technology to adapt rapidly. This is according to “Meet the Megatrends,” a new report from SITA that examines 12 emerging technological, societal, traveler, and economic trends that will significantly morph the travel landscape by 2033. These megatrends do not exist in silos but operate in an evolving ecosystem where emerging technologies interconnect the trends and help drive them forward. Data is at the heart of this ecosystem....
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8 in 10 urban Indian families are considering an international cruise holiday in the next 12 months 79% of Indians surveyed want to vacation with their families 89% believe quality time with family and loved ones supports an overall sense of wellbeing Family travel goals have taken on an all-new meaning, with Indian families seeking to make up for lost time with new and exciting experiences to strengthen their bond and enjoy each other’s company. The importance of close community and family bonds has emerged as vital to maintaining a sense of wellbeing among Indians, according to a recent survey conducted by Hansa Research on behalf of Norwegian Cruise Line (NCL), the leading innovator in global cruise travel. FILE PHOTO: The Norwegian Getaway cruise ship is seen docked at M...
Read MoreOvercomes lengthy travel restrictions by boosting domestic travel # UK sees biggest drop in the global rankings # China and Germany hold onto second and third position The latest World Travel & Tourism Council’s (WTTC) Economic Trends Report reveals the U.S. remains the world’s biggest and most powerful Travel & Tourism market. Its top ranking was reaffirmed, despite suffering long and damaging travel restrictions which did little to halt the spread of COVID-19 and only resulted in serious economic losses. However, while its number one position was retained, the U.S. Travel & Tourism sector’s contribution to the nation’s economy fell by US$700 billion in 2019, to just under US$1.3 trillion last year. Research by Oxford Economics for WTTC shows there has...
Read MoreCOVID-19 has spurred new consumer trends, says GlobalData In the luxury travel market, there has been an influx of consumer travel trends as a result of the COVID-19 pandemic. This includes a boom in private aviation services at the high end of the market, remote working from overseas locations and demand for private buyouts of large villas or boutique hotels, finds GlobalData. The leading data and analytics company’s latest report, ‘Luxury Travel Market Trend and Analysis of Traveller Types, Key Destinations, Challenges and Opportunities, 2022 Update’ reveals that as luxury travellers resume travelling both domestically and abroad in the aftermath of the COVID-19 pandemic, they may begin to seek experiences that are more immersive and more exceptional than in previous years. ...
Read MoreNew report from WTTC and Trip.com Group reveals latest consumer trends and the shift in traveller behaviours # Bookings for ‘the great outdoors’ dominated in 2021# International spending expected to rise 94% in 2022# Eight out of 10 travellers will choose sustainable travel The World Travel & Tourism Council (WTTC) and Trip.com Group have launched ‘Trending in Travel’, a new report that shows the latest trends traveller behaviour and future booking patterns in the wake of COVID-19. WTTC, representing the global Travel & Tourism sector, joined forces with leading global travel service provider, Trip.com Group, and its major consumer brands Trip.com, Ctrip and Skyscanner, to analyse consumer trends shaping the recovery of the Travel & Tourism sector. WTTC’s late...
Read MoreGlobalData reveals top five tourism types discussed among influencers in 2021 Two years of pandemic have changed the way we think and act. Tourism being a major contributor to the GDP of several countries, the governments are taking various measures to revive the industry’s business from the impact of the COVID-19 pandemic. But what would be a game two years before, is now an emerging travel trend and, actually the leading trend. An analysis of GlobalData’s Social Media Analytics (SMA) Platform, which identifies and tracks the emerging trends, pain areas, new fields of innovation among discussions of Twitter influencers and Redditors, has revealed ‘Virtual Tourism’ as the most popular type of tourism, followed by ‘Space Tourism’ in 2021 upto early October. Smitarani Tripathy,...
Read MoreWith travel demand expected to return slowly, TUI is turning to alternative markets such as the growing trend for a combined travel and remote working experience as it launches a new ‘workation’ package in a bid to become a leading provider of this new travel service, says GlobalData, a leading data and analytics company. Gus Gardner, Associate Travel and Tourism Analyst at GlobalData, comments: “Due to the pandemic working from home is now standard practice for many and workations could rise in popularity as more work flexibility is introduced as the nation heads back to the office. TUI has recognized this growing trend early and designed their package with remote working essentials in mind including Wi-Fi and a dedicated workspace in 30 of its global hotels. Remote working could beco...
Read MoreLow-cost Lumo rail have power of disruption, can start a new travel trend
Lumo’s launch of low-cost rail services could disrupt current rail and air services between London and Edinburgh. Its low-cost model alongside a focus on minimizing environmental impact will bode well for shifting traveler trends as the sector recovers from the pandemic, says GlobalData, a leading data and analytics company. Lumo will begin operations between London Kings Cross and Edinburgh on 25 October 2021, calling at the main stations of Stevenage, Newcastle and Morpeth. Behind Lumo is First Group, a private British group well known across the Channel and very active in public passenger transport, both in the UK and in North America. It is based in Aberdeen, Scotland. In April 2021, however, First Group announced the sale of its North American operations for nearly 3.9 bill...
Read MoreIndia is home to some of the most majestic works of architecture (think Taj Mahal), and with charming, quaint hillsides and exotic beaches, it’s no wonder Indian travellers are rejoicing in hybrid work. Amadeus, the world’s leading travel technology company has released its latest Travel Trends, detailing four key trends that are shaping up travel. Indian travelers are embracing the workcation, one of the key trends that offers city dwellers a chance for remote working whilst holidaying. The report identifies two key findings: 1. This year Indian travellers are searching for their destination just one day before departure 2. These travellers are searching for long-term stays with a duration of 14 to 30 days and sometimes more Both of these in contrast to 2019, where travel...
Read MoreWTTC Economic Trends Report reveals dramatic impact on Travel & Tourism around the world Asia Pacific was the region hit hardest by the COVID-19 pandemic according to the new annual Economic Trends Report from the World Travel & Tourism Council (WTTC). The report reveals the full dramatic impact of travel restrictions designed to curb COVID-19 on the global economy, individual regions, and its job losses worldwide. Asia-Pacific was the worst performing region, with the sector’s contribution to GDP dropping a damaging 53.7%, compared to the global fall of 49.1%. International visitor spending was particularly hard hit across Asia Pacific, falling by 74.4%, as many countries across the region closed their borders to inbound tourists. Domestic spending witnessed a low...
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