8 Travel Industry Trends For 2021 (and Beyond)

By Josh Howarth – May 21, 2021

8 Travel Industry Trends For 2021 (and Beyond)

The travel and tourism industry grew 3.5% in 2019, marking the ninth year of sizable growth.

But, as we all know, 2020 was a year like nothing the travel industry had ever seen.

What might the recovery look like?

Specifically, what’s changing and what’s likely to stay the same?

Here are eight trends driving the future of the travel space.

1. An Emphasis On Local Destinations

Hospitality consultant Ron Yariv predicts that “local tourism will continue to be important more than ever [in 2021].”

Statistics from 2020 support his prediction.

Last year, 72% of Americans didn’t take a summer vacation, but 31% did take a staycation.

Searches for “staycation” have increased 5x over the last 5 years.

Airbnb is expecting this trend to hold strong, too. 

They reported that that nearly half of the travelers they surveyed were looking to take a vacation within driving distance of their homes.

Airbnb also reported that bookings within 300 miles of the traveler’s home jumped to 60 percent of all bookings in May 2020, compared to just 40 percent of bookings in February 2020.

— Read the full article here:

explodingtopics.com/blog/travel-industry-trends

 


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