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.
Consumers spent more than $1 billion in crypto on the Visa network alone in the first half of 2021.
“Sports+social” has become a trend among the young generations.
Gen Z is playing a vital role in recovery of the travel sector. Companies must continue to respond to the expectations of this cohort as desired.
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