Economic, social, and technological shifts are pushing the travel industry toward seismic change. Learn more about these key changes, their implications on the future of travel, and how travel and tourism companies can adapt to meet evolving traveler expectations.
According to data from a recent Deloitte European Hospitality Industry Conference industry survey, only half of the respondents see 'climate change disruptions' as high risks this year or in a one to three year timescale, while only 39% indicated that 'non-compliance with the growing sustainability agenda' is a risk over the same time period.
The hospitality industry is constantly trying to keep up with ever changing consumer demands. Some of the key factors driving the change include generational shifts, technology developments, increased ESG compliance requirements, more demand for personalised experiences and finally the blurring of lines between business and leisure travel.
Roughly 7 in 10 Americans surveyed say they are still concerned about rising prices for everyday purchases, down only slightly from summer 2022 (83%) - when inflation peaked at 9.1%
The future of work requires human resources to evolve, shifting from a siloed function to a boundaryless discipline integrated with the people, businesses, and community it serves.
CFO sentiment toward current economic conditions in North America, Europe, China and South America fell. In contrast, CFOs upped their views toward current economic conditions in Asia excluding China, with 28% of CFOs considering current conditions as good, an increase from 24% in 3Q23.
New Deloitte survey finds expectations for Generative AI remain high, but many are feeling pressure to quickly realize value while managing risks
Even during times of financial anxiety, travel has held a consistent share of Americans’ wallets. Enthusiasm for in-destination activities, growing interest in more diverse destinations, and the return of baby boomers in greater numbers add to the positive indicators for travel. And workplace flexibility appears poised to further buoy demand.
Deloitte's 15th annual Tech Trends report has arrived. Dive into the stories of organizations pioneering the use of emerging technologies and approaches - set to become the norm in the next 18-24 months.
Travel continues to soar: About half (48%) of Americans intend to travel this holiday season. Intent to travel between Thanksgiving and mid-January is up across all age and income groups with an average holiday budget of $2,725. More than half (56%) of holiday travelers plan to stay in hotels, up from 35% in 2022.