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The longevity revolution will mean more demand for onsite wellness and antiaging programming at hotels, offering both a path to greater ancillary revenues as well as a whole new market for longevity tourismtravelers looking specifically to hotels that offer healthspan-extending services.
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.
The tourism and hospitality sector are growing precipitously – but what has often gotten lost amidst the din is the extraordinary revival of domestic tourism. Domestic travel is set to grow further still, reaching 19 billion lodging nights per year by 2030. Even in Western Europe this figure sits at 58%.
For example, sustainability targets under Future Planet include net zero scope one and two carbon emissions by 2030, and for our supply chain to be ISO14001 accredited by 2025. Adrian Gardiner, chairman, Mantis Collection : “The most important sustainability measure within our business is responsible tourism.
We are now well into the third quarter of 2024, and the business travel industry is poised for considerable growth. As I travel around the country and internationally, I have noticed an uptick in people traveling for business in most airports that I have frequented. billion in 2022. billion mark by 2032.
The market is becoming increasingly competitive for independent accommodation providers, with large hotel chains quickly adapting and OTAs investing to capture travellers. Last year, the boutique hotel market was estimated to be worth USD$9,962.60 Without a direct booking engine and a network of OTAs, business will suffer.
Judi Blakeburn , brand director, Another Place , Watergate Bay and Beach Retreats [FC] With a career spent in hospitality marketing, Blakeburn is an expert on both the sector and the role of marketing in medium-sized businesses, and is a passionate advocate of the importance of brand and marketing at board level.
Big picture Humans are wired to travel. In recent years, time without its magic has only served to make it more valuable, meaning that while external forces may push us to adapt, travel can now never be compromised. Most (57%) intend to travel more. Only 9% intend to travel less.
This decision, reported by the state news agency SPA, is part of the Tourism Investment Enabler Program, aimed at positioning the kingdom as a leading global tourism destination. These collaborations ensure efficient distribution of rates and inventory across online travel agencies, global distribution systems, and digital platforms.
This decision, reported by the state news agency SPA, is part of the Tourism Investment Enabler Program, aimed at positioning the kingdom as a leading global tourism destination. These collaborations ensure efficient distribution of rates and inventory across online travel agencies, global distribution systems, and digital platforms.
Accor has announced that two global partnerships have been signed with Green Key and Green Globe, both partners having their standards recognized by the Global Sustainable Tourism Council (GSTC). Accor also joined the Global Sustainable Tourism Council (GSTC) last year.
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. out of five.
These top Hospitality Trends can help you prepare for your hotel marketing strategy. As the needs and preferences of travellers change, hotels must adapt to meet these demands to increase their occupancy rates and revenue. There will be a rise in travellers who will seek hotels that follow the same path.
Experts anticipate several trends emerging over the coming year, including an increase in wellness tourism and greater focus on staff wellbeing. Wellness Tourism The global wellness tourismmarket is expected to be worth 1,592 billion USD by 2030.
Z is for zero carbon Probably the biggest issue facing the real estate sector – and by extension travel and tourism – is reaching net zero carbon, both in construction and operationally. Governments have set targets, and consumer behaviour is changing, albeit slowly and hampered by the cost of living crisis.
There’s a new kind of traveler crisscrossing the country: the wellness tourist. This is someone who plans their travel itinerary around vegetable-focused cuisine, hiking, meditation, and other supposedly health-enhancing activities. This group of diners and travelers is growing rapidly. trillion by 2030.
Whilst here in the kingdom, the vision is 2030. They grow more organically in a very healthy way without overdoing the tourism segment. Now with the pandemic, who would have known that COVID would also change the world, but I think this pandemic has given all of us a very conscious understanding of tourism of traveling of staycation.
So, the job market size opportunity is there; you just need to have the right knowledge and skills to blend into this amazing industry. And there so many sectors to work in, such as sports, recreation, tourism, entertainment, fashion, or art.
Hospitality is forever changing, in response to new technologies, market trends, customer tastes and more. Chinese travellers took 40 million outbound trips in the first half of 2023 – lower than 155 million outbound trips in 2019 , but more than the near-zero trips during the country’s extensive COVID lockdown.
The thriving hospitality scene in Dubai The hospitality industry in Dubai has experienced remarkable growth over the years, to the point where hospitality in the UAE is expected to make 7 billion USD by 2026 , evolving into a global hotspot for tourism and hospitality. Why work in hospitality in Dubai?
IHG, in turn, will increase awareness of its current brands with a new set of travelers and offer its guests and loyalty members more resort destinations and the option of all-inclusive stays. Under the agreement, IHG will receive marketing, distribution, technology and other fees in a manner similar to its existing asset-light model.
Mr. Aldrees was always passionate about food and culture and dreamed of sharing his passion with the country and introducing different cuisines to the Saudi market. The founding chef of TOKYO traveled to Japan once a month or so just to procure some of the products and ingredients that were impossible to find here in Saudi Arabia.
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