Understanding the difference between business and leisure travellers
Also, the brand continues to offer yearly award rankings of the top hotels, destinations, and regions of the world. The publication is often rated as the top quality name in the industry and has earned plenty of fans the world over. Altogether, if travel popularity increases to levels seen prior to the pandemic, T+L is set to grow with the market. On the other hand, timeshares are a different story as their financial viability and popularity wanes over time, especially with steep competition from vacation rentals and traditional hotel/motel.
For example, a leisure Traveler spends $300 on a flight and $1,000 for 3 nights in a hotel, plus food and entertainment expenses. That Traveler’s return on investment is time away from home, a few mornings of sleeping late, plus memories that will last a lifetime. What are the key differences when booking …