Great Travelling Trends to Follow and Watch for in 2022 And Beyond
The COVID-19 caused the travel and hospitality industry, and travellers to reconsider their priorities and check out the latest travelling trends. The pandemic impacted almost all the industries and businesses around the world, and the travel industry is one of the most affected industries of them all.
Below is a list of top trends to follow in 2022 and beyond.
I will go through these top travelling trends in details, and how it affected the way of travelling after the pandemic, and when airports and air flights were resumed back.
1. Reconsidering The Value Of Business Trips
One of the travelling trends is businesses and companies around the world are evaluating the value of business travelling of their employees. In normal circumstances before the pandemic, employees valued travel so much and seek it as an opportunity to be presented in-person in meetings, training, and discussions with colleagues. This provided them with a chance to meet their distant colleagues and build a professional relationship.
In lockdowns with almost no travelling, the companies are searching for a balance between virtual and in-person meetings to restore the same value.
2. Pressure To Reduce Carbon Footprint
In the 77 Annual General Meeting held in October 2021, the International Air Transport Association (IATA) approved a resolution for the global air transport industry to achieve net-zero carbon emissions by 2050.
“Re-connecting post-COVID-19 will be on a clear path toward net-zero”, Willie Walsh, IATA’s Director General added.
This is putting pressure on global companies and travel managers to engage in travelling considering the targets of sustainability. The target is to reduce carbon footprint by reducing travel emissions across air, hotels, rail as well as a car.
3. Less Travel Can Reduce People Risk
Another one of the travelling trends is that companies and businesses are seeing potential in home-based workplaces and workers. Gone are the times of strict employment policies of office attendances. Companies will be revisiting and adjusting their workplace policies to normal freelancers or work-home place hybrid model employees. This has several benefits in terms of workplace health risks, economics and finances, and travel expenses.
This provided a new perspective in people risk management which garnered intense interest in recent years, especially during lockdowns. Based on the thinking in corporate governance, people risk can be defined as a risk that people or staff pose by not acting in a behaviour that is according to the company’s procedures and practices, thus potentially causing damage to the business’s performance and reputation.
By adopting and managing the remote-working model which requires less travelling, businesses can reduce people’s risk and their behaviour will have less impact on the business.
4. Resumed Travelling Will Bring Higher Cybersecurity Risks
After a long duration of lockdown, employees will make several business trips for various purposes. Travel managers will observe a rise in the count of bookings for travel and spending after the pandemic. When travel managers or individuals will book tickets through an agency through credit cards, the data will be forwarded to several suppliers such as airlines, hotels, rental cars, etc.
This will increase the chances of data fraud and cybersecurity as more data will be shared and processed among suppliers, increasing the chances of cybersecurity threats. Many travel managers aren’t even aware of data fraud and how to protect people from it. Companies and businesses need to give awareness and training on data protection and cybersecurity to ensure the safety of their employees and the company’s information they carry.
The data breach of Marriot Hotel that hit up to 339 million guests provides the perfect example of how cybersecurity can affect travellers and breach their personal information. The data breach was detected in 2018 and was published by BBC in October 2020.
5. Globalized Travel Benefits
There are a few new ways less explored that travellers and travel managers can benefit from through globalization. The world is adjusting its consumer values, costs, and supply chain, and how consumers and suppliers work together. Companies are developing diversified approaches to bring production back to the point of consumption.
This can help travel managers provide customized and improved support to their customers. They can utilize remote resources by selecting travel suppliers with global networks underpinned by local operators in each market.
One of the travelling trends we should know about.
6. Focus on Fintech
One of the pain points for travel managers is handling bookings, payments, and expense management for end-to-end business travels. By adopting new technologies and fintech-based solutions, the efforts can be simplified by automating corporate travel payments and invoice management.
Travel managers and finance teams can enjoy the benefits of digital payment experiences such as travel bookings and payments. For example, 22% of the payments for online bookings made on Booking.com were processed through their payment platform in 2020, compared to just 4% in 2017, according to MarketWatch.
Many hotels offer a limited number of online payment options, but it is expected to grow as Booking.com introduced PayPal, Alipay, and WeChat options to receive payments from their customers, and other online booking platforms are likely to catch up. This will benefit both travel managers and finance teams by streamlining work and providing one-window operation.
This is one of the travelling trends that you should know about.
7. A Surge in Travel Fares
The 7th trend from the travelling trends is that business travel spending and demands are likely to jump more than 37% in 2022 but won’t fully recover, according to an industry forecast by CNBC. COVID-19 disrupted the supply chain of airlines, hotels, and restaurants that heavily rely on business travellers. This will cause an economic spending burden shift on leisure travellers once it normalizes.
European Travel Council (ETC) hinted in their research report that low-cost travelling is near to coming to an end. This is because of a sudden surge in the demand for air travel that is expected in the summer of 2022, coupled with reduced capacity. Achieving the target of reducing carbon footprint will also be one of the priorities of airlines in 2022.
Passengers will be encouraged to opt for rail travel for short-distance travelling as an alternate because long-distance air travel will be more economical, travelled per mile or kilometre. The pandemic also impacted the prices and supply of petroleum products such as jet fuel, which will cause a rise in the prices of travel fares across air, land, and sea.
It is important for travel managers and service providers to understand their customers and what will motivate them to return to travelling for the industry to fully recover. The travel industry will need to adapt its business to cater to new dynamics which will be essential for their future success in the post-COVID-19 world.
I-PRAC And The Protection Of Business Travellers & Tourists
I-PRAC is a global trust accreditation & certification operating in 28 countries verifying short term rental operators as legitimate, trustworthy & professional ensuring trust and confidence and 100% payment guarantees to business travellers and guests.
With popular booking platforms allowing fraudsters to list fake properties alongside legitimate property owners and rental agents, it is impossible to know who is legitimate and who is not. But now it is possible, thanks to I-PRAC.
That is why it is important nowadays for business travellers and tourists to book for their stays from an approved booking platforms by I-PRAC. By a result, you will be under full protection from fraud or fake platforms that just try to take your money or your payment information as well.
Luke Stays is one of the platforms that is approved by I-PRAC and operates in the UK, UAE Dubai, and in Europe. Luke Stays is now expanding to Australia, and the US, and being approved as an international host that protects its own guests and business travellers.
Luke Capital Group is a Property Management company that is approved and certified by I-PRAC, which provides the best profit outcomes to landlords hassle-free when managing their properties.
Check out the short term rentals property management service, to find how Luke Capital Group provides the most advanced experiences in managing properties as Short-Term-Rentals.
Looking after travelling trends is essential nowadays for people often travelling throughout the year.
The world is changing and so are the travelling trends.