This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The latest technological advancements are reshaping the travel and tourism industry globally at a rapid pace. Research suggests that the payment processing solutions market is projected to grow at a CAGR of 11.43% during the forecast period of 2023 to 2030 while the future market value of this market is expected to reach USD 130.94
After the pandemic upended life and leisure as we know it, travel is roaring back. Much of this has been so-called “revenge travel,” or people embarking on international or bucket list trips that were delayed by the pandemic. Check out the highlights below, as well as McKinsey’s insights on AI in travel, mass tourism, and much more.
As more people become conscious about their impact on the environment, the hospitality industry is shifting towards sustainable practices to meet the needs of eco-conscious travelers. The tourism and hospitality industry is responsible for a significant amount of carbon emissions, waste production, and water consumption.
The market is becoming increasingly competitive for independent accommodation providers, with large hotel chains quickly adapting and OTAs investing to capture travellers. Furthermore,mobile is expected to account for half of all online bookings in the next couple of years.
While not without controversy, Qatar’s hosting of the 2022 FIFA World Cup is a significant milestone on its journey to becoming a premier league tourism destination. This intense year of development represents a major milestone in Qatar’s goal to welcome six million visitors a year by 2030. IHM’s editorial team reports.
As the needs and preferences of travellers change, hotels must adapt to meet these demands to increase their occupancy rates and revenue. Sustainability Hospitality & Eco-Tourism These days, Sustainable Hospitality and eco-friendly practices are becoming the norm. If left unchecked, this number is expected to double by 2030.
Hilton and its philanthropic arm, the Hilton Global Foundation (HGF), have revealed the latest progress towards their shared goal of creating a better world for travel with the release of the 2023 Hilton Travel with Purpose Report and the 2023 Hilton Global Foundation Impact Report. Lowered its landfilled waste intensity by 63.7%
In recent years, a growing awareness of the environmental footprint of travel and hospitality has pushed hotel owners and operators to reevaluate their operations. This number is particularly alarming when considering the rapid increase in global travel demand, which will inevitably drive up emissions unless significant changes are made.
We organize all of the trending information in your field so you don't have to. Join 11,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content