News & numbers
Outlook for 2023 Top travel trends for 2023:
Wanderlust – Travellers face a balance between rising costs of living against desires for a holiday.
Corporate – Return to in-person corporate and industry events will help buoy travel.
Sustainability – Awareness around climate change continues to grow as guests expect more from hotels. Source: Deloitte
Expected impact of sustainability on travel spend in 2025 according to travel managers (percentage of reduction)
1% 9% 29% 61%
Flexibility – Remote working has changed how people plan their trips and hotels will need to adapt to cater for this new traveller.
Primary reasons for business travel 2022 5% 10%
11% 11%
16%
Conference, exhibition or tradeshow
Less than 10% 11 – 25%
26 – 50% More than 50%
Source: Deloitte Corporate Travel Survey 2022
Build client relationships
Client work
40% 30% 20% 10% 0%
Sales calls Site visits
Training
Travel and tourism GDP for 2020–25 forecast (% below 2019 level) 32%
30% 8% 10% 12% 11% 25%
Quality – There must be a weigh out between price versus value as staffi ng, supply chain and interest rates threaten to impact the guest experience.
69%
28% 74%
22%
41% 31%
Internal team or leadership meeting
86%
Percentage of travellers actively seeking sustainable travel options
Percentage of travellers that attached greater importance to
sustainable travel now than pre-pandemic
Percentage of travellers who considered travelling more sustainably
Percentage of travellers that plan to spend the same or more
on international travel than in 2022
Percentage of travellers that said they intend to spend more in 2023
Percentage of travellers that said they intend to spend more
on international travel in 2023 53%
-10% -20% -30% -40% -50% -60%
Africa Asia Pacifi c Europe Middle East North America Latin America 2020 2021 2022 2023 2024 2025 Source: EIR 2022 Global Trends
Percentage of global consumers that said they intend to stay in
a hotel within the next 3 months Source:
Trip.com; Skyscanner
Forecast: 2022–32 126 million
The amount of new jobs expected to be created in the travel & tourism industry
5.8% Hotel Management International /
www.hmi-online.com
The average annual rate of expected growth contributed by travel & tourism to the global economy
9
Charcompix/
Shutterstock.com
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