I managed to get the camera out last week whilst visiting Sydney on a work expedition and I’m excited to share with you my annual wrap-up. Once again I am diving into the top 10 predictions for travel and accommodation in 2024. It's an exercise I cherish; reflecting on the past and forecasting the future is not just a passion but a ritual that has consistently offered immense value to our community.
2023 has been a monumental year, especially with the rise of AI. This technological advancement has not only been a buzzword but a transformative force in our industry. As we stand at this pivotal juncture, it's more crucial than ever to take stock of the year gone by and strategically plan for the next. In this episode, I'll guide you through why embracing these changes and preparing for the future is vital for your accommodation business.
Did I miss anything?
In this episode, we discuss:
0:35 - Technology & Enhanced Guest Experience
1:12 - International Visitors & Changing Demographics
2:52 - Fluctuations in Travel Seasons: Higher Peaks and Lower Troughs
3:53 - Innovation in Online Travel Agencies (OTAs)
5:22 - Strategies to Drive Demand in Competitive Markets
5:58 - Rise of Direct Bookings and Its Market Impact
6:31 - Travel Agents and the Evolution of Curated Travel Experiences
7:17 - Professionalisation and Standardisation in Short-Term Rentals
8:18 - Revival of Metropolitan and City Travel Post-Pandemic
8:56 - Impact of the Youth Demographic on Travel and Hospitality
Show Links
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