Travel and Leisure Industry Market Research Reports, Analysis and Trends

At Acquire BPO, we provide flexible and scalable back-office and call centre services for travel companies that help clients deliver exceptional customer experiences at cost savings of up to 60%. Within the leisure travel market, tourism digitization plays an essential role. As the COVID-19 pandemic turned the travel industry upside down, digital innovation, together with new hygiene measures, domestic destinations, and sustainability will likely lead the way in the new era of leisure travel. Prior to merging, the two separate entities were highly specialized, one a timeshare provider and the other a travel magazine. With print media taking a hit over the past few decades, perhaps as a result of declines in political interest, Travel + Leisure invested heavily into their online platform.

A global study on the “rating economy” shows that product ratings are growing in importance, impacting shopping behavior and brand loyalty. Find out what this means for companies and how they currently deal with this development. Business Travelers will be more interested in proximity to locations that are important to them. They may also be interested in on-site dining options, drycleaning and shoe-shining services, hotel gym and exercise facilities, plus the presence of a business center where they can receive packages and make printouts. The only area where business Travelers might spend more time on reviews and recommendations is when entertaining clients or prospects. For example, if you’re taking an important client out to dinner, you’ll want to spend significant time researching your restaurant options.

• A recent Korn Ferry study shows how today’s employers need to be creative — or risk being left behind.
• We can create a success profile that shows you whether you’ve got the talent you need for the future.
• When it comes to peer reviews, you can’t beat the world’s biggest online retailer.
• Travel + Leisure Co.’s message of multibillion-dollar sales growth from existing clients isn’t as far-fetched as the price tag may sound.
• And we’re consistently listed as one of the world’s best outsourcing providers the International Association of Outsourcing Professionals’ (IAOP®) Global Outsourcing 100® list.

In fact, two quarters were negative, but then by 2021, the net income margin returned above 5%, with some quarters hitting 10%. The timeshare industry has a history of slow, but profitable growth, and it seems this pattern allowed for safety into 2021. I also believe the magazine segment remained strong as well, as the desire for travel content did not subside, just the capability to travel; I know I planned out many trips for once I could travel again over the past two years.

As a leading player in the Sri Lankan hospitality market, our resort establishments are finely attuned to the comfort and convenience of guests. Located on the ledge of Sri Lanka’s natural beauty, Browns Hotels & Resorts offer the quintessential experience of being on a paradise island. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Early Metrics helps corporates to find, evaluate and leverage those new travel and leisure innovations to ensure a smooth transition in response to the latest industry trends. Don’t just rely on general audience data, take your digital advertising efforts to the next level by leveraging Orange142 audience segmentation to reach the travelers that are most interested in what your destination has to offer.

Voting ends May 10, 2021 and winners will be announced in October, 2021. Expert insights and tips for overcoming the top pricing challenges today to see your business thrive. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. The White House says the U.S. is strong enough to avoid a recession, but Jeff Bezos and Elon Musk think it’s already… The problem with bleisure is it may be just another merging of leisure time and work in the COVID era and a further breakdown of the traditional barriers that have existed between personal and professional lives.

Lodging segment dominates the global market and is expected to retain its dominance throughout the forecast period.

Though global tourism is still a far cry from pre-pandemic levels, it rose by 4% in 2021, according to the United Nations’ World Tourism Barometer. Moreover, almost two-thirds of tourism professionals predict greater gains in 2022, despite concerns over new COVID-19 variants and inflationary pressure on disposable income. According to the World Travel and Tourism Council, the largest industry in the world is tourism & leisure, which accounts for almost 11% of world GDP.

Simon-Kucher has a worldwide team focusing on travel, tourism and leisure, with over 3 decades’ experience in the industry. We help businesses bring innovation to their product, marketing, price and proposition for strong top-line growth in this heavily competitive market. We deliver pragmatic solutions that are adaptable to changing market conditions. That ensures that our clients can nimbly adjust their strategies and ensure long-term growth.

Industry trends

After a tumultuous period in the travel industry’s history subject to frequent fluctuations, every company has been forced to rethink its approach to the future – for both its guests and its employees. This website uses Google Ads, Twitter, and LinkedIn insights to measure traffic from marketing campaigns. This data is used to customize a visitor’s web experience for remarketing and advertising purposes. Even while employees are on a corporate trip, workplace laws dictate that they must of course be given appropriate breaks and down time.

So, instead, the family looks at flights to Salt Lake City and flights to Denver . They simply look for the best combination of flight and lodging costs, no matter the day of departure. Business Travelers are typically flying early and late in the week, and leisure Travelers are typically flying on or around the weekend. Airlines and hotels know when to expect different types of Travelers, and they create pricing algorithms that respond to demand for certain itineraries and their prospective customers’ collective ability to pay those prices. Go to an airport in a major American city on a Monday morning, and you’re likely to encounter a vast number of business Travelers — many of them consultants heading out for the week. Those consultants will return at the end of the workday on Thursday, and then work from their hometown offices on Friday.

So when puts an item on one of its best-selling lists , you know the… Sign Up NowGet this delivered to your inbox, and more info about our products and services. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. Maximise new opportunities and meet challenges head on in the leisure industry.