Steve Saxon’s Post

Global travel is back and buzzing. In a new report from McKinsey & Company, The state of tourism and hospitality 2024, my colleagues explore the trends and preferences shaping the industry today. The takeaway: Tourism and hospitality are set to soar, powered by new travelers, destinations, and trends. Read the report: https://lnkd.in/daierysR

Global travel is back and buzzing. In a new report from McKinsey & Company, The state of tourism and hospitality 2024, my colleagues explore the trends and preferences shaping the industry today. The takeaway: Tourism and hospitality are set to soar, powered by new travelers, destinations, and trends. Read the report: https://lnkd.in/eaX6uVEJ

In a recent McKinsey Live, experts Margaux Constantin and Matteo Pacca discussed the evolving tourism and hospitality industry, emphasizing the shift towards luxury and experiential travel driven by changing market sources and destination preferences. For success, industry providers must implement innovative, tailored strategies that meet the varied demands of modern travelers, moving beyond one-size-fits-all solutions. Listen to the discussion here: https://lnkd.in/gN3mZTkE #Travel #McKinseyLive #Luxurytravel #Globaltravel

After falling 75% in 2020, travel is on its way to a full recovery by the end of 2024. Where are the emerging destinations and what are the new traveler segments? How should destinations, hospitality players, tour operators, etc, respond? Check our first-ever report on the state of tourism and hospitality, published by McKinsey & Company As part of our research Caroline Tufft, Matteo pacca Margaux Constantin Jasperina de Vries , Ivan Gladstone, Ryan Mann , me and other team members did, we surveyed 5,000+ travelers from the top-five source markets: UAE, UK, US, China, and Germany, with a deepdive on luxury travel market and destination readiness for the excitement around travel. Read more: https://lnkd.in/e7fXvg2u

In a recent McKinsey Live, experts Margaux Constantin and Matteo Pacca discussed the evolving tourism and hospitality industry, emphasizing the shift towards luxury and experiential travel driven by changing market sources and destination preferences. For success, industry providers must implement innovative, tailored strategies that meet the varied demands of modern travelers, moving beyond one-size-fits-all solutions. Listen to the discussion here: https://lnkd.in/dXQJBKDp #Travel #McKinseyLive #Luxurytravel #Globaltravel

🏨 Europe’s #hotel and tourism sector is poised to gain further momentum in 2024. This is driven by a rise in leisure travel, including from Asian markets, and a more gradual recovery of corporate and group travel. Read the full report to gain insight into prospects for real estate in 2024: https://cbre.co/42jouJd

As destinations and source markets have changed, tourism and hospitality companies have evolved too. Six key trends have shaped business models in this sector over the past decade https://lnkd.in/gsfmnWYS

The World Economic Forum's Travel & Tourism Development Index (TTDI) provides a comprehensive analysis of countries' travel and tourism sectors, assessing various factors that contribute to their development and sustainability. The 2024 rankings highlight the strengths and weaknesses of each country's tourism industry, focusing on factors such as infrastructure, natural and cultural resources, safety, and price competitiveness. Read more on WTFI/Live: https://lnkd.in/dXPqnBzs

This year's Sustainable Travel Report reveals that 75% of global travelers expressed a desire to travel more sustainably in 2024. As the demand for sustainability in tourism grows, the hospitality industry is presented with an exciting opportunity to embrace eco-friendly initiatives and cater to the evolving preferences of their guests—and our planet! 🌍 𝐒𝐨, 𝐡𝐨𝐰 𝐝𝐢𝐝 𝐲𝐨𝐮𝐫 𝐡𝐨𝐭𝐞𝐥 𝐝𝐨? 𝐖𝐡𝐚𝐭 𝐜𝐡𝐚𝐧𝐠𝐞𝐬 𝐡𝐚𝐯𝐞 𝐲𝐨𝐮 𝐢𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐞𝐝 𝐭𝐨 𝐜𝐚𝐭𝐞𝐫 𝐭𝐨 𝐭𝐡𝐢𝐬 𝐭𝐫𝐞𝐧𝐝? Read the full report linked in the comments.

Leaders from the global travel industry are coming together this week for 24 Hours of Travel Innovation on World Tourism Day! 🌎🌍🌏 Presented by Destination Think on September 27, this event focuses on sustainability and innovation, featuring keynotes, panels, and case studies where industry experts share insights and solutions that can drive responsible tourism forward. Learn more: https://lnkd.in/eHc_VYE5