Labor Day is in the rearview mirror but, believe it or not, travel companies have only just finished reporting their second quarter results.
25.08.2023 - 14:36 / skift.com / Seth Borko / Matthew Parsons / Airlines
Despite recession risks and inflation impacts, the travel industry has in fact plenty of significant upsides.
That’s according to Skift’s Senior Research Analyst Seth Borko, who took a broad look at the upcoming economic recovery during the Skift Megatrends event in New York City on January 10.
Tapping into Skift Research’s extensive data analysis and commentary from industry experts, Borko also identifies which regions are seeing the quickest recovery, and where he expects to see the biggest movements in outbound tourists.
Watch the full video of his presentation, as well as take a look at slides from his presentation, below.
Download the slides from the Skift Megatrends event.
Labor Day is in the rearview mirror but, believe it or not, travel companies have only just finished reporting their second quarter results.
American Express Global Business Travel continues to benefit from the ongoing rebound of business trips. In particular the reopening of countries in Asia Pacific, barring China of course, bodes well for the world’s biggest travel agency.
Agency consortium GlobalStar Travel Management is expanding in Europe, after boosting its presence across North America and Asia.
China’s Trip.com has struck two new partnerships, covering the UK and Asia Pacific, to give customers the opportunity to delay or spread out payments for their purchases.
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Travel platform Agoda has been pushing ahead with a series of new fintech partnerships, with its eye on Asia’s corporate travel recovery.
Beijing Capital International Airport will no longer require proof of a negative Covid result for entry into its terminals, Reuters has reported, quoting Beijing News, a newspaper owned by the Chinese Communist Party.
There’s still something vital missing from the global tourism economy, and that’s the presence of Chinese tourists.
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