Tour operators making a play for the growing solo travel market need to balance the flexibility of their tour offerings against the right amount of structured planning. While the traditional approach works for some, others are reinventing the solo-travel wheel.
Mergers and acquisitions are sexy for shareholders, analysts and the press. Booking CEO Fogel knows, though, that sometimes the best decision is not overpaying and walking away from that shiny object.
G Adventures founder Bruce Poon Tip wants to bring about change, both within his company's organizational structure and across the global tourism playing field. He believes community is the route to take, as the company readies for seemingly long-overdue acquisitions.
The pandemic reluctantly drove operators towards online tech solutions to survive. Now in a strange reversal of fortune, those online solutions are holding their own, especially as the tours and activities sector gets back to pre-pandemic capacity. Travel 102 floors to the top of the Empire State Building Observatory and learn more.
Banks such as JPMorgan Chase, Capital One, and Citi already have the customer base to appeal to travelers with attractive booking offers, cash back, and points, without having to ante up big for marketing like online travel agencies and hotels. The prospects for banks, with a history of clunky travel portals, will hinge on value proposition, user experience and execution.
Artificial Intelligence's impact on travel planning is poised to define itself in 2023 as generative AI technology becomes more accessible and even more intelligent.