Exploring the impact of COVID-19 on tourism: transformational potential and implications for a sustainable recovery of the travel and leisure industry

Which can be extremely frustrating for busy travelers who want to quickly find what they are looking for. •The data presents a substantial benchmark of the COVID19 impact on tourism industry. Recently, the city was ranked among the 10 stunning holidays ideas for 2019 by Elle, the worldwide lifestyle magazine of French origin. Hanoi – The ancient city of Hoi An in the central province of Quang Nam topped the list of 15 best cities in the world in a recent readers’ vote of the US travel magazine Travel & Leisure. The ancient city of Hoi An in the central province of Quang Nam topped the list of 15 best cities in the world in a recent readers’ vote of the US travel magazine Travel & Leisure.

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Elieve that no single company can make progress with the inclusion agenda on its own.
Online channel leads in terms of market share and is expected to continue to grow with robust CAGR during the forecast period.
In recent years the Travel and Leisure market has been hit hard by several unexpected global events.
While the company has suffered during the pandemic, Booking slashed its global workforce to save more than $300 million annually.
With a leadership line-up of former marketers and a restructured marketing team, Merlin Entertainments is on a mission to catch up to market leader Disney within the “next few years”.

The vacation booking platform will continue to add services and features in the coming months to further enhance the site, making the aspirational world of Travel + Leisure accessible for all to easily book and experience. Skift underscored the company’s persistent efforts to reach younger travelers and refashion the perception of timeshares. Tomorrow, the economic performance of travel companies will depend on their ability to renew themselves by offering new experiences, while remaining adaptive to customers needs. The reports offered by us provide deep regional data for Travel & Leisure industry.

For those planning to invest money in travel companies, you have plenty of options. At JTB Business Travel, we help companies save on overall travel spend while assisting Travelers through every step in their journeys. Behind every service we provide and recommendation we make is a common-sense approach to business travel. In short, ROI is highly quantifiable for business Travelers, but it’s much more difficult to calculate for leisure Travelers.

Leisure Travel Market Research Reports & Industry Analysis

There’s more development on the way, including hotels that are already under construction and some that will be soon (a large boutique property—that we can’t name just yet—is slated to break ground late next year). When the Raleigh Convention Center opened in Sept. 2008—bringing with it an influx of out-of-town visitors for meetings and special events—it gave the green light for hospitality businesses to breathe new life into downtown Raleigh. This example was shared by one of our partners, Movable Ink in one ofthe Inkredible 5 lookbooks. In an effort to get consumers thinking about their holiday, Virgin Holidays let the difference in weather forecasts do the persuasion.

According to the magazine, readers rated cities on their sights and landmarks, culture, cuisine, friendliness, shopping, and overall value. Airbnb, for instance, is aggressively moving into the Blurred Travel space. In recent months, the travel-tech giant announced new features to its platform which include “Split Stays”. They allow guests to split their long-term stays across various rentals. Let’s look at some of the ways travel providers can exploit the Blurred Travel movement. The second represents travel purposes, which are either work-related or leisure-related, as evidenced in the horizontal axis.

The more people come to that realization, the more they’ll want to travel that way, the thinking goes. Another landmark project under construction is North Carolina Freedom Park, a space that will honor African American struggles and triumphs in pursuit of freedom, justice, equality and opportunity⁠. These properties join two more of the region’s favorite independent, boutique hotels—The Umstead Travel & Leasuire Hotel and Spa and The Mayton, both in Cary. Heights House is among a growing number of independent and boutique-style hotels that have opened in the downtown Raleigh area in the last few years. Said festivals have become an integral part of the culture in Raleigh, bringing together community to celebrate and showcase history, creativity, delicious foods and beverages and so much more.

Technology advancements around the world will heavily shape the future of the leisure travel industry. The internet age has brought about the rise of the online travel market. This segment includes online travel agencies , which allow tourists to book travel services on the web, and digital travel-related experiences, like online reviews. While brick-and-mortar travel agencies lost ground to OTAs, some consumers still prefer face-to-face support when booking trips. As well as analyzing the state of such businesses, this market also looks at the online presence of travel agencies and tour operators. The company’s reportable segments are Vacation Ownership and Vacation Exchange segment.

Travel & Leisure Co is primarely in the business of hotels & motels. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Travel & Leisure Co.. Propelled by our innate curiosity and individual strengths, we are shaping the future of the travel industry together. Its World’s Best Awards, an annual reader survey rating airports, cities, cruise ships, hotels and islands have been announced every August since 1995. Votes added by the magazine’s readers are taken into consideration to recognize and give out the awards. Other annual features include the T+L 500, a list of the world’s top 500 hotels, and America’s Favorite Cities, where readers rank U.S. cities in different categories.