THE GLOBAL TRAVEL INDUSTRY'S FABULOUS 60 YEAR JOURNEY
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You may think that Airbnb is here to stay. Think again.

10/13/2020

1 Comment

 
Picture
The one thing that the last 20 years has taught us is that change is the order of each day.

The internet has a powerful hold on the travel and tourism industry since 1998.

First it was Lastminute.com, then Booking.com then Tripadvisor, now Airbnb. They came, they flew and finally they landed, no longer the taste of today.

At their root, the big booking engines depend on big exposure on the internet. And how do they get it? They pay. For instance it is said that Booking holdings paid nearly $4 billion to Google last year. That is a lot of money. It only needs a bit of a a challenge to their earnings and trouble is on the horizon. You may say “Look at how much they’re worth” that is just the moneymen betting on the future - and as soon as emotion changes - phew it’s disappeared. Even Airbnb with their valuation of an amazing $40billion and Booking’s $70billion valuation could both disappear.

And what are the principle needs that they addressed:

  • Cut-price upmarket holidays/stays
  • Accommodation needing market exposure

As they say “The money is in the future” Tracking and fulfilling public needs has always been a rewarding experience - that’s the way today’s ‘Unicorns’ have been born.

So what will be the holiday needs of tomorrow?

More experience, more safety less cost.

Experiences themselves can include a variety of destination suppliers (eg windsurfing/local meals/cycle trips/excursions), or could be supplied by one customer-oriented resort hotel. From the client’s point of view booking pre-travel can save precious holiday time and money.

OTAs, although they wish to extend their client’s spend, have so far failed to get the best quality destination experiences. Understandable as they have over 80,000 destinations and locality is not easy to compute.

Looks like there may be an opportunity for a set of well curated destination sites.

But how would they work?

Read about it in the Sustainable Tourism Report 2021 on offer at 75% reduction for review copy subscribers..
1 Comment
Charles Bentley link
10/13/2020 12:30:17 pm

Safety ,Security ,Great service, harmonisation with nature and local community
Family and disabled friendly
Unique experiences that have excitement but not at a cost to the local environment
Flexibility in catering for niche markets as well as traditional markets
On site support for any problems that may occur

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    Valere Tjolle is the travel and tourism insider. An entrepreneur, consultant, developer and journalist, he has been in at the beginning of almost every tourism development for the last sixty years. There is no one better placed to expose the seedy side of tourism nor its enormous opportunities to unite people across the globe.

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Tourism in the 2020s – will it delight or devastate the human race?
New book starts at the beginning and predicts the next 60 years of tourism.

 
 
In 1960 did we believe that an international travel industry would increase from just 25 million passengers a year to 1.5 billion?
 
Did we believe that the economic opportunities promoted by dictator Franco’s government would sweep the world, promoted by the World Bank?
 
Did we believe that travel would become both a friend and a foe to many destinations and that it would help to threaten our Earth’s ecosystems, cultures, economies, society as a whole?
 
If we didn’t believe all that then, what do we believe now?
 
You Lucky People sets out the past, the present and a future for tourism - all very irreverently!
 
Could global tourism be totally subject to Chinese demands, could it become entirely virtual, could it be so hampered by world disturbances, diseases, violence in destinations and other curses that it could change its nature dramatically. Could it actually be stopped because of its environmental and social damage?
 
Or ... could it be managed harmoniously and effectively by local destinations and marketed by really responsible business entrepreneurs so that its great benefits could be available to many more millions?
 
The author, Valère Tjolle, has been in the travel industry for almost all of these last 60 years. His story is that of real experience in the industry all over the world, and in-depth understandings and involvements with all the innovations and transformations over that period.
 
It was his annual Sustainable Tourism Report that pointed to the growth potential of the ‘Sharing Economy’ and tipped every other major development; his Greenwash Report that rated companies and activities according to their actual sustainability performance; his Global Top 100 Sustainable Destinations that picked out the real destination winners
 
From the ‘Mom and Pop’ businesses of the 50s through the devil-may-care entrepreneurs of the last decades of the 20th century to the massively powerful tech businesses of today - the real story of the travel industry is pithily portrayed with humour and realism.
 
‘You Lucky People’ is not an academic history of the industry - it is a warts-and-all story of a deep insider’s experience at the heart of the industry.
 
Come for the ride! See it here:

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