With the need for responsible, ethical, and sustainable travel more acute than ever, demonstrating transparency in business reporting and operations is a key way for travel companies to not only build consumer trust, but also drive revenue and achieve long-term growth.
Travel is not getting any cheaper, as significant price increases across specific categories of experiences over the last four years, highlight the interplay of various economic, social, and market factors.
TUI is acutely aware that its holiday package tours could be prone to seasonality shifts, as the group has just had to deal with the impact of severe weather warnings and wildfires. Despite all this and rising prices, travel demand from its main markets remains strong.
Concerns that Uber's expansion of its in-app travel booking services would cannibalize its core offering appear to be easing, with the company reporting a boosted overall performance.
Disney will be phasing out its advanced park reservation system in 2024, part of the controversy in the recent Dream Key Pass lawsuit. What this means for crowd control going forward remains to be seen.