Travel & Leisure Covers
Tour agencies are often used by the public to book trips and vacations and as such ensure a smooth travel. There are many types of travel forms for those travelling on trips and vacations including air, sea, and road and as well as rail. Cruises are popular for travel and leisure industry as are a variety of destination resorts worldwide. The leisure travel market has been segmented based on traveler type, sales channel, age group, expenditure type and region. Based on traveler type, the leisure travel market is bifurcated into solo and group. Based on sales channel the global market is studied across conventional channels, online channels.
We also undertake custom market research projects which can provide reports matching your specific data requirements. Please send us your custom research project details using the custom market research form. International tourism flows are expected to reach 1.5 billion by 2020 and revenue estimated to cross $2000 billion according to The World Travel and Tourism Council. Today, only 3.5 per cent of the world population travels internationally but the number of Asian, particularly Chinese, tourists is predicted to grow enormously as the region becomes more integrated with global economy. Exchange up to 13 currencies instantly via digibank to get a better deal on overseas online shopping, multi-currency investments, or save for future travels.
- The sharing economy will also play an important role in giving authenticity to those immersive experiences.
- Tech-enabled personalisation is not only desirable in the product itself, but also in the communication and brand messaging, representing a strong decision-making factor among digital-native consumers.
- These reports are designed to provide a wholistic view of the global Travel & Leisure industry.
If you’re bringing one or more companions on your trip, you’ll also want to figure out if you should travel separately or together. For example, they might time their arrival at the end of your business trip so you can stay focused. APhocuswright studyfound that 66% of companies allow or plan to allow leisure extensions to business trips.
This ETF offers diversified access to the airlines, cruise lines, hotels, and online booking services we believe are set for recovery and long-term growth. Technology advancements around the world will heavily shape the future of the leisure travel industry. Based on sales channel, the leisure travel market is classified into conventional channels and online channels. Online channel leads in terms of market share and is expected to continue to grow with robust CAGR during the forecast period. Use of AI, big data analytics, and IoT in operation optimizations for web-based bookings, are projected to augment the leisure travel market growth providing seamless customer experience. Covid-19 has had unprecedented impact on the travel and leisure industry.
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Promote your destination to the consumers that are most likely to make the trip whether by road or by air! Orange142 has reach in to vacationers that are most likely to drive to get away as well as those who frequently fly for leisure trips. In the first half of 2022, we have invested in resources and technology, and have brought people together in person for the first time since the beginning of the pandemic. Our leadership development programmes have more than doubled in size and our collective impact is broad and deep. Previous editions revealed a monumental wealth of experiences, personal and professional stories, successes, tips, and lessons learnt. The women featured have inspired many others to progress within our industry, and have become mentors and role models meaning that the powerful and positive impact of the Index continues to be phenomenal.
By age group, it is divided into baby boomers, generation X, Millennials and Generation- Z. On the basis of expenditure type, the market is categorized into lodging, transportation, food and beverages, events & entertainment and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Rosewood Hotels & Resorts manages a global collection of 29 one-of-a-kind luxury hotels, resorts, and residences in 17 countries. Each Rosewood property embraces the brand’s A Sense of Place philosophy to reflect the individual location’s history, culture, and sensibilities.