tourism trends
Hong Kong September Retail Sales Fall 6.9%
November 1, 2024
HONG KONG (Reuters) - Hong Kong's September retail sales fell 6.9% from a year earlier, reflecting the continued impact of a change in consumption patterns, government data showed on Friday. Sales fell to HK$29.6 billion ($3.81 billion) in a seventh consecutive month of decline after a revised 10.0% decline in August, a 11.7% fall in July, a 9.7% fall in June, a 11.5% drop in May, a 14.7% drop in April and a 7% decline in March. "The near-term performance of the retail sector would continue to be affected by the change in consumption patterns of residents and visitors," a government spokesman said, adding China's stimulus measures, amon...
Tourism Tidbits: Looking Back at 2021 and Hoping for a Better 2022!
Dr. Peter E. Tarlow | January 10, 2022
By Dr. Peter Tarlow Although 2021 was a somewhat better year than 2020, most people in the tourism industry will not be sad to say adieu to the year that has just ended. We might call the year 2021 a year of hope and despair, a year when we thought we might see an end to the pandemic and a year of false starts. This past year was not an easy year. We saw nations once again shutting their borders, Europe experienced a great deal of internal turmoil due to its being open and then closed to tourism. To add to the frustrations found throughout the tourism industry many nations suffered from supply chain failures, high inflation, and a co...
Change in Travel Accommodation Preferences Continues
STR | December 16, 2021
Despite successful vaccination programs in many countries around the world, the continued challenges around COVID-19, like the new Omicron variant, have brought back travel restrictions and social distancing requirements across the globe. STR’s Tourism Consumer Insights team continues to keep a close eye on tourism trends as well as travel accommodation preferences because of the pandemic. In November 2021, shortly before news of Omicron had surfaced, STR undertook a new online survey using its Traveler Panel–an engaged audience of travel consumers–to examine sentiment and how it might affect industry fortunes at this uncertain time...
What Is Slow Tourism? The Next Big Hospitality Trend
EHL Insights | August 17, 2021
By Joana Dickinson The trend of “Slow Travel” has become increasingly popular over recent years, however through COVID19 it has accelerated immensely and has almost become a new norm without people even realising. Slow tourism is forecasted to continue to grow in popularity, becoming an alternative to more traditional holidays and is estimated to grow at a 10% compound annual growth rate. Now what is Slow travel, where did it come from and how could hoteliers adapt? The trend of “Slow Travel” has become increasingly popular over the past years, however through COVID19 it accelerated immensely and has almost beco...
Americans Spent 176 Hours Scrolling Social Media for Travel Inspiration This Year, Data Reveals
Motel 6 | March 30, 2021
DALLAS - March 30, 2021 - The average American spent 176 hours scrolling social media for travel inspiration throughout the past year, according to new research from Motel 6. On the heels of the one-year anniversary of the health crisis, the economy lodging brand released a survey revealing that three in five (60%) Americans experienced a stronger desire to travel in the past 12 months than in a normal year and hope to turn that into a reality in 2021. The survey, which polled 2,000 U.S. adults, found that one in four (24%) respondents have been scrolling for travel inspiration this past year as an outlet for their pent-up desire to tr...
Tips to Help Lodging Providers Prepare for the Return of Travel
Expedia Group | March 24, 2021
Expedia Group today released tips and insights to help lodging providers in the U.S. prepare for the return of travel. Following a sustained period of uncertainty for the travel and hospitality industry, market trends and recent insights from Expedia Group Media Solutions continue to indicate that travelers are anxious to get away – and the majority of those dreaming, planning or booking travel are doing so for the near future. Expedia Group data shows that as of March 1, 2021, the 0–21-day window accounted for more than 50% of global searches, followed by the 31-60-day window at 15%. While it...
‘Upsizing’ Could Be One of the Next Major Travel Trends, Says GlobalData
GlobalData | March 23, 2021
Financial situations worsening for consumers has been widely discussed amid the COVID-19 pandemic. However, many consumers managed to bypass this financial squeeze and have incidentally become efficient savers. This trend should not be overlooked by tourism companies which need to realize that not all travelers will be wanting a budget-friendly option for their next holiday, says GlobalData, a leading data and analytics company. With saved cash that has accumulated during the pandemic, many travelers may be planning to spend more than usual on their next trip. According to GlobalData’s survey, when global respondents were asked if they w...
The 2020 Hospitality and Tourism Trends That Will Likely Stay in 2021 and Beyond
Linchi Kwok | December 2, 2020
By Linchi Kwok The COVID-19 pandemic had made an unprecedented impact on the global economy in 2020. The good news is the long-waited COVID-19 vaccines will soon become available. Let’s hope that the coronavirus will disappear soon as we enter the New Year. Looking back before we look forward At year-end 2019, I predicted a few 2020 trends in hospitality, retail, and tourism businesses. For example, I recommended that we should pay special attention to the following areas: A shifting focus on food delivery, sustainable food, and quick-casual restaurants. Using AI and facial recognition in service operations. The threats from...
