17 C
New Delhi
Thursday, October 29, 2020

The Climate Change Movement Exposes Another Obstacle To Future Profitability For Travel Operators

Related

Rail Travel Likely To Boom Post-COVID-19

International rail travel offers an ‘environmentally friendly’ alternative to flying and as the second wave of COVID-19 approaches, it may experience...

Sabre & Google Team Up, To Build AI Technology for Travel Industry

Sabre Corporation (NASDAQ: SABR), today announced that Sabre and Google are developing an Artificial Intelligence (AI)-driven technology platform that is an industry first...

Decline In Revenue-Passenger-Kilometer, High Cash Burn Rate Compell Airlines To Cut Jobs

Following the news that Cathay Pacific Airways is cutting over 5,000 jobs in Hong Kong and closing Cathay Dragon brand;

How China Mainland & Macao Are Using Blockchain Technology To Bring Back Cross Border Tours

SHENZHEN, China, Oct. 20, 2020: From September 23 onwards, the Chinese mainland resumed issuing visas for visitors to Macao. Thanks to the mutual recognition system...

As young people unite across the world on the 25 September, in their first global action during the pandemic, it becomes clear that COVID-19 is not the only obstacle for future profitability for travel operators.

Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, comments: “38% of GenZ and 41% of millennials desire to hear news about a brand’s sustainability initiatives right now. How a brand is acting during COVID-19 is still the main priority, but this pandemic has shown the global population the impact that travel and tourism can have on the natural environment.”

Operators continue to struggle amid slumps in travel demand and fluctuating travel corridors – for example, Ryanair recently reported its booking for November and December is only at 10% of normal levels. Restoring consumer confidence so that the public continues to book holidays is the main priority, yet this is not the only hurdle facing operators, as concerns regarding sustainability and environmental impacts have likely been accelerated. 

Bonhill-Smith continues: “When international travel restrictions were strictly enforced, destinations that were suffering from over-tourism had time to heal. Air pollution began to decrease, alongside carbon emissions and general footfall of travelers in one concentrated location.”

Prior to the pandemic, solely 15% of global travelers typically went on an ‘eco-holiday’. 40% of travelers still expect to reduce their international travel plans this year, but when consumer confidence is stronger, the environmental impact will likely be a greater decision within the booking process causing increased interest in eco-holidays.

Bonhill-Smith adds: “Operators were already under intense scrutiny for their sustainability initiatives and how they were tackling climate change prior to COVID-19. While all will continue to struggle with the effects of COVID-19, operators with a more centralized focus on the environment may hold a strategic advantage and a stronger competitive position in the future marketplace.”

- Advertisement -

More articles

Leave a Reply

- Advertisement -

Latest article

Rail Travel Likely To Boom Post-COVID-19

International rail travel offers an ‘environmentally friendly’ alternative to flying and as the second wave of COVID-19 approaches, it may experience...

Sabre & Google Team Up, To Build AI Technology for Travel Industry

Sabre Corporation (NASDAQ: SABR), today announced that Sabre and Google are developing an Artificial Intelligence (AI)-driven technology platform that is an industry first...

Decline In Revenue-Passenger-Kilometer, High Cash Burn Rate Compell Airlines To Cut Jobs

Following the news that Cathay Pacific Airways is cutting over 5,000 jobs in Hong Kong and closing Cathay Dragon brand;

LoungUp’s Latest Update Makes Responding To Guest’s Requests Much Easier

A leading figure in guest relationship management for tourist accommodation providers, LoungeUp allows hotels to interact with their guests at key...

“Its Bad Math!”, Expert Who’s Was Part Of The Study, Challenges IATA’s COVID Safety claims

The recent claims by the troubled aviation sector to convince the travellers that it's safe to fly have been questioned by...

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!