HOW TECHNOLOGY IS HELPING TO FUEL WELLNESS OPPORTUNITIES FOR TRAVELERS
As recently as five years ago, wellness could be classified as only a “niche segment” in travel, associated primarily with spa vacations and yoga retreats, said Muirgheal Montecalvo, founder and CEO of wellness travel booking platform Vacayou Wellness Travel, a PhocusWire Hot 25 Travel Startup for 2022.
Now, she said, it’s a “central theme.” The sector is expected to reach an anticipated value of $1.3 trillion in 2025 — nearly double its pre-pandemic peak of $720 billion in 2019, according to the Global Wellness Institute.
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WILL CUTTING EMISSIONS CUT INTO CORPORATE TRAVEL?
Corporations have put their employees back on the road, and it’s just a matter of time before their travel spend catches up to 2019. But corporate travel looks very different today than it did four years ago.
That’s the big takeaway from a new Phocuswright report, “Green Dilemma: How Cutting Emissions Cuts into Corporate Travel.” The report, part of a larger content series, also finds IATA's new distribution capability (NDC) and airline direct bookings have put a strain on intermediaries, new players have taken center stage and technologies such as personalization and generative AI have raised the stakes for travel providers.
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SAFETY TIPS FOR THE BUSINESS TRAVELER (from our partners at CHUBB)
Today more than ever, business is taking people around the globe, into foreign cities with different time zones, languages and customs. At the same time, we’ve seen an increase in worldwide political and social unrest and severe weather events.
While you prep for getting business done, it’s important to also put some thought into travel safety precautions:
Thoroughly research your destination
In addition to visa requirements, local culture and the seasonal temperatures, look into destination-specific perils.
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