Rapid surge in chargebacks poses challenges for travel companies, reveals Outpayce study
Perceived difficulties in obtaining refunds and increasing traveler awareness of ‘chargebacks’ driving 30% year-over-year growth
A recent study conducted by Outpayce has shed light on the significant rise in chargebacks faced by travel companies, signaling a growing concern within t [...]
Lifestyle hotels show promising trends in post-COVID travel landscape
As global occupancy rebounds, lifestyle hotels offer unique experiences that challenge traditional accommodations.
The hospitality industry is witnessing a remarkable recovery as global occupancy rates in the first quarter of 2023 approach pre-pandemic levels. Fueling this resurgence are lifestyle [...]
Exploring the LGBTQ+ travel dilemma in APAC
LGBTQ+ travellers would like know the status of a location, including local laws, religious sensibilities, and safety tips.
Booking.com has conducted its most extensive LGBTQ+ travel research to date, shedding light on the challenges LGBTQ+ travellers face and the progress made by the travel indust [...]
Travel demand surpasses pre-Covid levels; Asia-Pacific airlines leading recovery
The International Air Transport Association (IATA) announced continued strong passenger traffic demand in April.
The revival of domestic travel has been nothing short of remarkable, with a substantial 42.6% surge in April compared to the previous year. In fact, domestic travel has now not o [...]
China, Experiences, Business Travel: Mastercard Economics Institute Reveals 2023 Travel Trends
AS more brands and institutions release data regarding travel trends for the rest of the year, one defining factor that’s bound to arise is the reentry of China in the travel scene.
Despite shaky economies the world over, people have been flooding to domestic and international destinations in [...]
How the metaverse will transform travel: McKinsey points to $800B industry by 2025
THE metaverse market is experiencing rapid growth and by 2025, is projected to reach a market size of approximately $800 billion, with estimates suggesting it could surpass $1 trillion by 2030, according to the McKinsey report, “Value Creation in Metaverse”.
The gaming industry is at the fore [...]
Asian Development Bank charts impact of pandemic on Southeast Asia aviation industry
Southeast Asia's aviation industry has taken a significant hit due to the COVID-19 pandemic, with an estimated loss of $17 billion in revenue in 2020, according to a report by the Asian Development Bank (ADB). However, the ADB has proposed a range of strategies to aid in the post-pandemic recovery o [...]
What’s stopping sustainable travel? Booking.com explores “trust” and “cost” in a new study
47% of Singapore travelers don’t believe that sustainable travel options are truly more sustainable.
The rise of sustainable travel since the return of travel has been well documented, with many major players in travel and hospitality adopting a more conscious approach to meet consumer demands. [...]
Singaporeans travel to relax, while Malaysians travel seeking adventure
55% of Singaporeans and Malaysians who have travelled this year plan to travel again in the next 3 months
“Same-same but different” is a very common saying when it comes to describing, or rather differentiating, Singapore and Malaysia. The two countries share a common history, identical cuisine [...]
Consumers want an easy, modern travel retail experience, research says
“Customers prefer shopping in every other retailing sector over travel.”
We often, and obviously, think of money when the term “currency” is used, but a new study points out a glaring truth that’s normally forgotten - that time is our most valuable currency. It’s also an equaliser becau [...]
