China's business travel market is expected to recover and surpass pre-pandemic levels by 2024, with total business travel spending exceeding $400 billion.
Using the metaverse for marketing is the next step in the evolution.
OTAs were still Gen Z’s first choices when making reservations, drawing 62.5% of these young users.
Consumers are willing to spend more money (13%) for nicer accommodations (28%) and for longer periods of time (24%) on future travel.
Oyo is working on technologies to develop smart room experiences for travellers such as customised in-room experiences.
Border restrictions hindering travel recovery are more about confidence than technologies.
The U.S. Travel Association now expected that business travel would “only achieve 50 percent of 2019 levels in the fourth quarter of 2021.”
Global top five domestic passenger airport-pairs were all in Asia and outperformed top international routes as domestic recovery returned faster, particularly in China with three.
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