10 travel trends
June 17, 2008 | Hospitality Industry
In this first of a two-part series in Travel Weekly, Marvin J. Cetron, president of Forecasting International, explains the effects of five travel trends - global economies, tourism growth, consumerism, energy costs and population shift - on the major travel segments, including hotels.
Judging by the daily news reports, it sometimes seems that almost everything has suddenly been turned on its head. The soaring real estate prices of a year ago are collapsing. Oil prices are in triple digits. The U.S. economy appears to be in recession.
Yet the most striking fact about trends in hospitality and travel is how little has changed. True, computers are making services possible today that could not have been offered even a decade ago; guests want their adventures to be ecoconscious and poverty-friendly; and travelers soon will be arriving en masse from China and India.
But the fundamentals remain. Hospitality and travel are about providing impeccable service in the most pleasant, comfortable surroundings possible at a given price point. All else is just a means to that end.
Get the full story at Travel Weekly (free registration)
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