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Article

Travel and Climate Emergency: Lots of Talk but Not Enough Action

Caroline Bremner

Caroline Bremner

25 Oct 21

Travel and tourism businesses are much more exposed to climate change than those in other industries, given that the travel experience takes places in local destinations, often emerging countries with fragile ecosystems that are prone to climatic events and natural disasters. Coastal destinations are especially vulnerable to climate change and extreme weather events. Hence, two thirds of travel companies deem climate impacts as being a significant reason to develop business resilience.

Article

Evolution of Physical Space in Retail and Hospitality

Nadejda Popova

Nadejda Popova

20 Oct 21

Physical spaces have long faced an existential threat from the rise of e-commerce and digital platforms offering quicker, often more agile offerings for a Millennial-driven audience of digital-savvy consumers. The pandemic, however, accelerated this shift in a very short period of time. Many outlets across retail, foodservice and travel were closed as businesses went bankrupt and realised that many of the older models no longer had a future in a post-pandemic market. Consumers, meanwhile, became even more familiar with the digital offerings increasingly available.

Article

Climate Action and Tech Shifts To Be Main Focus of the Travel Industry

Euromonitor International

Euromonitor International

20 Oct 21

Climate action and tech shifts are the key focus for the travel industry. Businesses must align their actions with positive consumer demands to enable a sustainable industry recovery.

Article

Megatrends: Quantifying Experience More

Caroline Bremner

Caroline Bremner

18 Oct 21

The Coronavirus (COVID-19) pandemic disrupted all aspects of consumer lifestyles, so to help quantify the impact on long term trends identified as lasting the distance, Euromonitor’s Analytics team has created a megatrends quantification model. The Experience More megatrend encapsulates consumers’ desire to live their best lives to the full, engaging with brands online, offline or a combination of the two, to receive a curated and unique brand experience. The main pillars centre on living it, enhanced product and lasting brand engagement.

White Paper

Travel Rewired: Innovation Strategies for a Resilient Recovery

Caroline Bremner

Caroline Bremner

18 Oct 21

Be the first to read about Euromonitor International's new travel innovation research, which we are presenting at WTM London on 3rd November 2021. Pre-register to receive a copy of the white paper.

Article

Travel Recovery: Peak Sales Not Expected to be Recouped until 2024

Caroline Bremner

Caroline Bremner

14 Oct 21

The travel industry has been decimated by the pandemic, being the first to close and the last to reopen. Euromonitor research forecasts that international tourism spending is expected to claw back some ground to reach USD635.4 billion in 2021. Nevertheless, it remains precariously 63% below 2019 levels in real terms.

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