In the aftermath of two years of pandemic disruptions to the hospitality and tourism industries I'm going to shed some light on the future of travel in 2022.
From 2008-2020, the travel and tourism industry experienced a period of immense growth. But the pandemic put some things into perspective,
highlighting the need for resiliency in the wake of crises.
Many feel comfortable being around others again, So I predict the traditional hospitality industry, such as hotels, will flourish in the coming year, as people seek social connection and weary of flexcations.
With COVID restrictions loosening across the country, many industry experts predict that travel will return to pre-pandemic levels in the coming year, with people taking big trips after two years of being stuck at home.
People's attitudes towards travel changed greatly during the pandemic. Destination road trips surged. And hotels continued to battle with sites like AirBNB and VRBO for reservations.
The future of travel is going to be determined by two factors.
Is the demand side of the equation, which is us as travelers and as consumers, we've been restricted to our homes, to our couches, for the last couple of years now, and that naturally leads to a lot of pent-up demand for travel.
2. People also have been reevaluating their lives and what's really important to them in the last two years, and travel seems to have emerged as one of those things that people don't want to push [out] too much longer.
I think the rest of 2022-2023 will be the years of stabilization, and I think we'll see the resilience of the industry as it bounces back.
What are your thoughts?
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