Travel and Hospitality Trends to Dominate 2018
2017, Skift termed, “the year travel found its larger purpose in the world”. Though the year was marred by extreme economic and security uncertainties and instabilities across the board, from political upheavals, to the controversial Trump Travel Ban, the advancement of the industry is not a subject to be overlooked.
Use of various tech solutions, diversification of services by hotels, and the surge of millennial travel are just some of the highlights that marked 2017. So, will these continue to dominate 2018, or do we expect new and rising trends in the travel and hospitality sectors?
Augmented Reality (AR) or Virtual Reality (VR)
Getting a feel of your hotel room before you even get there, or your airline’s premium economy flight has never been so tangible. Virtual travel is expected to further evolve this year, as service providers haste to offer easy and reliable travel planning and experience.
Did I mention the Giroptic iO | HD 360° camera for your smartphones/tablets? This represents the perfect way to capture and display your perfect travel memories. It is also an essential marketing tool for destination promoters, as they sell the best 360° views of the various tourism destinations this year.
Travel consumer demands will not stop at accommodation, good food , a comfortable ride or flight. Whether for leisure or business, at a 5* hotel or at a backpacker’s hostel; 2018 travelers will be more concerned about their experiential immersion and fulfilment. It will be about clearing the bucket list with new encounters, which comes with a clarion call to hoteliers among other service providers to focus more on personalization. Client specifications must be adhered to, and swift adoption of emerging technologies necessary, if this trend is to be fully monetized. Understanding the customer to fit your marketing strategy is also key in offering personalized services and achieving maximum revenue growth.
Hotels vs Home Sharing
The growth of homeshares in 2017 created an intense competition in the accommodation sector, largely due to the high demand for diversification of products in the travel and hospitality market. Yet, in its 2018 Future of Millennial Travel Report, Resonance Consultancy indicates that only about 23% of the U.S respondent millennials prefer to book their accommodation and travel via home sharing sites. This, perhaps a big relief for hotels, with 64% preferring to book on travel websites while 47% through specific hotel, resort, and airline websites. Travel agents , still come a little ahead of home sharing sites at 24%.
Increased Sustainable Travel
As the UNWTO International Year of Sustainable Tourism for Development, 2017 saw massive campaigns aimed at promoting responsible travel both by the World Tourism Organization as well as by other concerned stakeholders. It is therefore expected that this year will see the implementation of the policies put in place towards sustainability. Additionally, the millions of travelers worldwide who were reached and impacted by the Travel.Enjoy.Respect Campaign by the UN body will increasingly practice caution in their travel behaviors, in a bid to leave only positive impacts in the destinations they travel to. I conclude by echoing Former UN Secretary-General Ban Ki-moon’s words, “Sustainable development is the pathway to the future we want for all. It offers a framework to generate economic growth, achieve social justice, exercise environmental stewardship, and strengthen governance”.