In 2022, 62% of travel businesses in Euromonitor International’s Voice of the Industry: Travel Survey reported that inflation was by far the most disruptive factor that they face, having a moderate to extensive impact on their daily operations. Read on to understand the repercussions.
The consumer appetite for real life experiences remains undiminished, with 76% of consumers saying that they are important to them. Coupled with unprecedented pent-up demand, this is expected to add USD1.4 trillion to the USD2.3 trillion in-destination spending market. With travel brands falling over each other to grab a slice of the pie, new start-ups continue to enter the fray, such as new brand MOPO, that is targeting both the resident and visitor segments for fun things to do.
The Future Hospitality Summit (FHS) will debut in Dubai this September, bringing together the Middle East and Africa's industry leaders for discussions, deals and insight on the continued growth of the region's hospitality and tourism sectors.
The moment has arrived when travel and tourism can finally return to some form of normalcy, as enormous pent-up demand is unleashed in line with the easing of travel restrictions and mass vaccinations around the world.
Qatar, a small conservative Islamic Arab emirate, is set to host the FIFA World Cup in December 2022. This has implications for consumers who want to consume alcohol, as at present access to alcoholic drinks is restricted to tourists and non-Muslim expatriates. Qatari law stipulates that only liquor license holders can buy and consume alcohol within the emirate.
Digital innovation opened the door for fintech to provide easier access to low-cost credit. This latest era of buy now, pay later (BNPL) gave consumers newfound purchasing power. Stream our webinar to hear Euromonitor experts answer fundamental questions about the multibillion dollar BNPL landscape.
Euromonitor dives into prospective tourism recovery in ASEAN, threats & opportunities, tourist attitude to sustainable travel, and business strategies.
With inflation being the highest in 40 years, we discuss its impact on airline players, their operations, debt structures and pent-up consumer demand. We focus on the importance of rising oil prices and the increasing issues with staff shortages in the aviation sector. Find out more about the latest insights and data from Euromonitor's Senior Project Manager, Nadejda Popova.