Our 2024 travel outlook takes a closer look at five trends expected to shape the industry this year: Suppliers find ways to touch up the travel experience. High interest rates and elevated costs of some goods can make it difficult to update, let alone upgrade, hotels. And some of airlines’...
Skift Research Global Travel Outlook 2023 December 2022 Saniya Zanupure,Seth Borko, andWouter Geerts Subscribe Skift Take The new year will give no rest to a weary travel industry. After years of work to dig out of the hole the pandemic put us in, travel in 2023 may find that the hardest...
In 2023, the industry continued its resettling following the impact of the COVID-19 pandemic. In 2024, our research shows that travel intent remains steady, despite rising travel costs and in defiance of many predictions. No longer driven by the need to travel just because they finally can, ...
7. AI Adoption Increases Generative AI platforms (ChatGPT, Perplexity etc.) could see real world impacts on the travel industry in the very near future. In fact, Skiftrecently asked 17 executivesfrom the travel industry about their outlook on AI. These executives largely saw tremendous promise i...
Oliver Sedlinger, an international tourism consultant at Sedlinger and Associates in Beijing, is optimistic about the Chinese market. He predicts a positive outlook for 2024, emphasizing the need for the European travel industry to reengage with the Chinese market. ...
This trend extends to domestic trips and to European companies, as anticipated in Deloitte’s 2023 Travel Industry Outlook. Increased event attendance is the No. 1 driver of growing spend, cited by more than half of respondents in both Europe and the United States. For American companies, it ...
BCD has published its 2024 outlook for economic prospects, key risks, projected prices for air, hotel, and car rental, sustainable travel trends, and more.
Outlook for travel industry looks more unsure
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Global tourism continues to rebound strongly despite risks and challenges facing the industry. By the end of 2023, Tourism Economics predicts that global outbound trips will exceed 1.25 billion, which is over 85% of the peak level achieved in 2019. ...