India is having a moment. And Skift has been there documenting it for the last few years as it is ready to shape the future of the global travel industry. The India outbound traveler is poised to become the biggest global force in coming years, and the Indian domestic market is one every major global brand is now clamoring to be part of.
The Disconnect Between the Top Global Risks and the Travel Industry
25.08.2023 - 14:19 / skift.com / Rafat Ali
The annual Global Risks Report, from the World Economic Forum, is here as Davos starts, and this summary chart below of top 10 short-term and long-term risks is fascinating, almost all of them have direct implications in travel, for many of these the travel industry is, in some part, one of the underlying causes of these risks. Read or download the full report here.
Most of the times if you ask the top folks running this giant global industry, 1) they don’t care about these risks 2) will deny or deflect having any hand in contributing to these 3) have no idea how to deal with these risks.
In my mind, there is still too much disconnect between the fate of the world and future of travel industry, and that *has* too close. My hope is the next generation of younger leaders in travel — and better tourism governmental leaders — will lead this change, and close this gap. (As an aside, I have been saying for a while: the world deserves better tourism ministers, 95% of them are there for the grift…I will write something more on this separately, soon).
For us at Skift, this delta between these is where a lot of our coverage will continue to be focused on.
P.S.: “Global risk” in the report is defined as the possibility of the occurrence of an event or condition which, if it occurs, would negatively impact a significant proportion of global GDP, population or natural resources.
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Autors
Popular Topics
skift.com
28.08.2023 / 20:39
Skift Global Forum Is Just One Month Away
Our largest Skift Global Forum to date is officially one month away and we can hardly believe it. Here is what you can look forward to this year:
skift.com
25.08.2023 / 14:45
Americans Traveling to Turkey Are at All-Time Highs
No, you weren’t just imagining your social media timelines full of all your friends posting from Istanbul and Turkey this summer. It happened to be true.
skift.com
25.08.2023 / 14:45
Oyo Hits Reorg Button: Lays Off 600 Employees Across Tech and Product
Oyo, in preparation for its upcoming IPO in 2023, is doing a major reorg of its organizational structure and cost base. It has announced it is letting go of 600 employees out of a total of about 3700, mostly in its product and tech teams. From the company:
skift.com
25.08.2023 / 14:42
The Short Booking Window Is Not Only Holding Strong, It Is Increasing Share
The short booking travel booking windows that became the predominant mode of booking in the pandemic — for obvious reasons with lots of uncertainty around Covid & travel plan — are holding strong and in fact increasing in the 0-21 days window, according to the latest quarterly data from Expedia Media Solutions.
skift.com
25.08.2023 / 14:40
Disney Cutting Business Travel and Meetings-Related Travel After Belt Tightening
The first tremors of economic slowdown are beginning to be felt in the travel industry: even though Disney Parks had a record quarter, the overall parent company had a disappointing quarter in its other businesses and is now planning a hiring freeze, job cuts and other expense cuts. As part of that, CNBC reports that in a memo sent by Disney CEO Bob Chapek today, the company is cutting back on business travel as well as travel for events and internal meetings.
skift.com
25.08.2023 / 14:38
Skift Global Forum Returns to NYC for 10th Year September 26-28
For the past decade, tens of thousands of travel leaders from over 70+ countries around the world have joined Skift in New York City to discover what comes next for the world’s most impactful industry at Skift Global Forum. This year will be no different – except, of course, bigger and better than ever before.
skift.com
25.08.2023 / 14:38
The U.S. Finally Has a Senior-Level Position for Tourism
It took 28 years, and when it came this Friday evening before Christmas holidays, it slipped under the cover of a historic “bomb cyclone” weather catastrophe playing out over the continental United States.
skift.com
25.08.2023 / 14:31
AI in Travel Became Very Real This Weekend
Something shifted this weekend, the zeitgeist on the real possibilities of artificial intelligence (AI) became excitingly, palpably and perhaps scarily real these past few days, with the launch of the first large-scale, general purpose chatbot using OpenAI‘s GPT3 AI engine.
skift.com
25.08.2023 / 14:28
Hilton CEO on Balancing the Luxury Push in the Middle East
CEO Christopher Nassetta said Hilton expects to organically develop its own new brands rather than chase costly acquisitions in part because “we don’t want to have to fix other people’s problems.”
skift.com
25.08.2023 / 14:27
Generative AI Is the Travel Industry's Future, Get Used to It
Something shifted in the last two weeks on the zeitgeist about the use of artificial intelligence in our daily personal and professional lives.
skift.com
25.08.2023 / 14:26
Hertz CEO Interview: EV and AI Are All Tailwinds For the Business
Hertz has been a remarkable turnaround story of the pandemic, during which it went into a massive bankruptcy, came out of it under an investor group led by Knighthead Capital and Certares, and then went public a year ago.