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People worldwide have spent almost $4 trillion on traveling and vacation in the past five years

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Europeans are by far the biggest spenders on vacations and traveling

Although it took four years for the global tourism sector to fully recover from the COVID-19 hit, people worldwide have still spent hundreds of billions of dollars each year on traveling and vacation. In 2024, global travel and tourism revenues are expected to jump by 8.3% and hit almost $930 billion, the highest figure in the market`s history. But the cumulative figures for the past five years are even more impressive.

According to data presented by Stocklytics.com, people worldwide have spent almost $4 trillion on traveling and vacations in the past five years.

Hotels Make Almost Half the Total Spending with a Five-Year Revenue of $1.85 Trillion

Before the COVID-19 pandemic, the global tourism sector had seen almost uninterrupted growth for decades, with hundreds of billions of dollars spent on hotels, cruises, vacation rentals, and package holidays each year. That changed in 2020 and 2021, the years that brought the steepest revenue drop this market had ever seen. Three years later, the entire sector fully recovered, although still vulnerable to global economic conditions. And while the aftermath of the COVID-19 hit is quite severe, people worldwide continued spending hundreds of billions of dollars on vacation and traveling, even when the market was at its lowest point.

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According to Statista Market Insights, between 2018 and 2023, people worldwide spent $3.95 trillion on vacation and traveling. This impressive figure is even more interesting considering that over $840 billion was spent in 2020 and 2021 when the market was down.

Statistics also show hotels brought far more money than any other market segment in the past five years. Since 2018, people worldwide have spent more than $1.85 trillion on hotel vacations, almost 45% more than on package holidays, and more than on camping, cruises, and vacation rentals combined. Package holidays ranked as the second-largest revenue stream, with $1.28 trillion in five-year spending. As the third-largest revenue stream, vacation rentals saw only one-third of that figure, or $448 billion in the past five years. Far below, camping and cruises follow with $240 billion and $113 billion in revenue, respectively.

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Europeans Spent the Most on Vacation and Traveling, over $1.2 Trillion in Five Years

The Statista survey also showed that Europeans are by far the biggest spenders on vacations and traveling. Between 2018 and 2023, the residents of the old continent have spent a whopping $1.2 trillion on vacation and traveling, almost 40% more than Americans and twice more than Chinese.

Americans were the only nation close to Europeans in total spending, with $917.7 billion spent on vacation and travel since 2018. China, the world`s second-largest nation, is far below these figures. Statistics show that the Chinese have spent $666 billion on traveling and vacation in the past five years, almost 30% less than Americans and nearly twice less than Europeans.


Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor’s degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.






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1000MTG unveils revolutionary travel booking platform: 1000Access

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1000Access, powered by Sabre, helps new and independent travel consultants book simple trips fast.

1000 Mile Travel Group (1000MTG) announces the launch of a groundbreaking travel booking solution, 1000Access, alongside travel technology partner, Sabre. Integrated with the Sabre Global Distribution System (GDS), and utilizing Sabre Red Launchpad technology, this innovative platform is set to redefine the industry standard by providing travel advisors with a seamless travel booking experience.

Providing a consumer-grade user interface, 1000Access makes it easy for independent travel advisors, to book trips quickly. At launch, 1000MTG travel advisors can shop, book and ticket traditional air content, NDC offers, and low-cost carrier XML options. Over time, 1000MTG will activate additional capabilities, including hotel and ground transportation content.

“1000Access represents a paradigm shift in booking travel, blending cutting-edge technology with personalized support to revolutionize the travel advisory booking experience,” says Ben Ross, 1000MTG Co-founder and CEO.

1000Access empowers advisors with an array of unparalleled benefits, including:

  • 24/7 automated ticketing capabilities
  • Varying and transparent commission rates
  • Access to a dedicated Global Fares Desk Manager
  • Regional Team Leaders supported by a ticketing team
  • Comprehensive after-hours support and phone assistance for urgent same-day departures
  • Dedicated assistance from a 1000Access Account Manager during the first month of trading
  • Streamlined reporting for Virtuoso members

“Customer-centricity and collaboration are part of Sabre’s DNA. We are proud to partner with 1000MTG to power its 1000Access application. As an early adopter of Sabre Red Launchpad, 1000MTG provided critical insights that helped us go from concept to working code in mere months,” said Kathy Morgan, Vice President of Product Management, Distribution Experience, Sabre Travel Solutions. “As one of our early adopters, we look forward to incorporating additional feedback from 1000Access users to refine our offering before it’s generally available later this year.”

1000Access will be available to a wide audience, including: 1000MTG travel advisors who receive the platform as part of their membership; Virtuoso members; and mid-sized agencies in North America, with other regions to follow.

“Being a part of Virtuoso’s carefully curated list of Air Preferred Partners allows us to offer our clients an air solution that’s tailored to meet their agencies’ specific requirements, regardless of whether they join 1000MTG or not,” says Nicola Veltman, 1000MTG Co-founder and CEO.

“With a commitment to upskilling advisors, 1000Access offers extensive training and support resources, including new member implementation meetings, tool training sessions, and ongoing access to support videos, guides, and webinars,” says Christy Shafer, 1000MTG’s Senior VP and General Manager, North America.

With plans to launch into the United Kingdom and Australia later this year, and with the roll out of additional features including VIP White Glove Service, plus chatbot functionality, 1000Access is ‘air made easy’.


Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.






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Delta, Southwest Lead Revamped J.D. Power Satisfaction Study

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Delta Air Lines took top customer satisfaction honors in two service tiers—first/business and premium economy—while Southwest retained its top ranking for the economy/basic economy tier, according to the J.D. Power 2024 North America Airline Satisfaction Study, released Wednesday.

Delta traded places from last year’s rankings with JetBlue for the first/business tier, with the latter coming in second this year. They were the only two carriers with scores above the average for the category. For premium economy, which Delta also led in 2023, Alaska Airlines was second, followed by American Airlines each above the average. Following Southwest for economy/basic economy, Delta took second as it did in 2023, and Allegiant moved up from sixth place to third. 

The J.D. Power 2024 North America Airlines Satisfaction Study is based on responses from 9,582 passengers who flew on a major North America airline with the past month of completing the survey. The study was fielded from March 2023 through March 2024.

[Report continues below chart.]

2024-05-08 JD Power Airline

As for whether overall satisfaction is better than last year, it’s difficult to tell, because J.D. Power revamped its methodology, changing how questions were asked and moving to a six-category scale from a one- to 10-point scale, which resulted in overall lower scores across the categories.

“You really can’t compare last year’s score to this year’s score,” J.D. Power senior managing director of travel, hospitality, retail and customer service Michael Taylor told BTN. Still, he added that “I would say things are probably the same as they were last year, if not slightly worse. The basic underlying problems of the industry still remain, which is [that] we don’t have enough aircraft flying and prices are quite high, even though demand has not slacked off. … There’s still upside [and] potential.”

Instead of ranking carriers from one to 10, survey takers could rate carriers “poor,” “just okay”, “good,” “great,” “excellent” and “perfect,” Taylor said. The dimensions ranked also shifted from eight to seven, including airline staff, digital tools, ease of travel, level of trust, on-board experience, pre- and post-flight experience and value for price paid.

Two big factors driving overall airline satisfaction were ease of travel and level of trust. “While things like value for price paid are important, it is more important to passengers just to have a seamless flight,” according to the report. 

Taylor added that digital tools scored high as well across all the categories. “Everybody likes the apps,” he said. “They’re getting to the point where they’re easy to use, they’re really communicating well, operating well, and people who use the bag-tracking part of the app—that was worth a lot of points. That was a big swing factor.”

Media coverage also had a major influence on trust scores, according to the report. “Overall satisfaction scores for trust are 400 points lower on a 1,000-point scale among passengers who saw negative news coverage of an airline’s performance in the past year,” according to J.D. Power. 

Still, “the big takeaway from this year’s study in the power of people to positively influence the overall flight experience,” Taylor said in a statement. “Airlines that are investing in staff training and recruitment are finding ways to overcome the negative effects of crowded gates and planes simply by being nice to their customers.”



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Akasa Air Enhances Its Pet-Travel Service: ‘Pets on Akasa’

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Enhances permissible weight of pet carriage to 10kgs in cabin Achieves milestone of carrying more than 3,200 pets since the launch of Pets on Akasa service

Akasa Air, India’s most dependable airline, recently declare key enhancements to its pet-travel service – Pets on Akasa. Moreover, the airline has also crossed the milestone of carrying 3,200+ pets since the service launched in November 2022.

As part of the enhancements, Akasa Air now allows customers to travel with pets weighing up to 10 kgs in the cabin – an increase from the previous limit of 7 kgs. This change has been introduced keeping customer feedback in mind, reflecting the airline’s commitment to continuously enhance its services to meet the evolving travel needs of its customers.

In addition, Akasa Air is implementing an enhanced travel certificate policy to provide greater flexibility for customers. Travel certificates issued for pets will now remain valid for up to 15 days instead of three days, adding convenience for customers booked on return for short-term travel. Customers travelling for longer than 15 days will be required to obtain a new travel certificate.

Customers booked with their pets on Akasa Air, also enjoy a host of complimentary value-added services such as a pre-booked window seat, priority baggage delivery and priority boarding that elevates their flying experience. Akasa Air has invested in extensive research and training across its customer care centre, airports, and in-flight teams, underscoring the airline’s dedication towards maintaining the highest standards of care, safety, and comfort throughout the journey. Furthermore, Akasa Air has also partnered with Umeed for Animals Foundation to implement best practices by collaborating across processes and policies to continuously enhance pet comfort and safety.

Commenting on the product enhancement, Belson Coutinho, Co-Founder and Chief Marketing & Experience Officer, at Akasa Air said, “Thanks to the love and support of pet parents and their constructive feedback, we are pleased to announce key enhancements to our Pets on Akasa service. This positive change not only reinforces our commitment to listening to feedback from our customers but also endorses our culture of using feedback for continuous improvement.

Mr. Coutinho added, “Since the inception of our Pets on Akasa service, we have worked to create an inclusive and humane travel experience and we are pleased to have flown over 3,200 pets since the start of our Pets on Akasa service.”

Launched on 1st November 2022, Pets on Akasa allows customers to travel on domestic flights across 22 cities with their cats and dogs in the cabin or cargo, based on their weight. Akasa Air has introduced multiple quality products and differentiated services to ensure an inclusive, warm and comfortable flying experience. Its brand-new fleet provides generous legroom for enhanced comfort and comes with in-seat USB charging ports in a majority of aircraft. Café Akasa, the airline’s onboard meal service offers an assortment of healthy and delectable meals, including festive menus and industry-first options such as Kombucha, to offer customers an indulgent gourmet experience in the skies. Travelers can choose to plan their travel with Akasa Holidays which offers customisable and all-inclusive holiday packages at affordable prices. In addition, in an endeavour to make travel inclusive, Akasa Air has introduced its safety instruction card and onboard menu card in Braille for persons with visual impairment.
Since its launch in August 2022, Akasa Air has served over 8 million passengers and connects with 22 cities, namely Mumbai, Ahmedabad, Bengaluru, Chennai, Kochi, Delhi, Guwahati, Agartala, Pune, Lucknow, Goa, Hyderabad, Varanasi, Bagdogra, Bhubaneswar, Kolkata, Port Blair, Ayodhya, Gwalior, Srinagar, Prayagraj and Doha (Qatar).



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