Transcript
Page 1: Future of Travel Industry, Tourism, Hotels, Hospitality and Business Travel

Dr Patrick Dixon Chairman Global Change Ltd

Travel of the Future and the Future of Travel

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ALL      BIG      TRENDS      ARE      RELATED

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But strategies often overtaken by events

World can change faster than you can hold a board meeting

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WGP  1980-­‐2013  (%,constant  prices)  

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US  GDP  1980-­‐2013  (%,constant  prices)  

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EU  GDP  1980-­‐2013  (%,constant  prices)  

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Vietnam  GDP  1985-­‐2011  

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Russia  GDP  1998-­‐2012  

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�IMF - adjusted for Purchasing Power Parity

>40% WDP by 2015

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China  travel  bookings  >$100bn  2013$15bn  online  -­‐  500%  growth  2008-­‐13

 

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Travel  is  about  ............

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Travel  is  about  EMOTION

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Video-conferencing - Tele-presence20% growth a year $2.7 billion in 2011

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Expect further rapid Video-conferencing growth BUT often low or negative emotional engagement

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Personal Apps / SMS eg Hotel Tonight / TripIt / Taxi Magic / ZipCar

Gap between home and work

experience

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• 33% of tourism spending in London is by business travellers

• Want freedom

Business  AND  Leisure  

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33%  in  UK  don’t  watch  live  TV

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95%  EU  bandwidth  soon  video

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80%  lost  in  <10  seconds70%  in  Russia  are  online  -­‐  99%  own  a  mobile

 

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Russia  online  travel  grows  20%  /year

       93bn  Rub  sales  2013

 

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Where  can  I  stay  ?

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Hotels,  conference  centres  and  travel  agents  

need  to  respond  instantly  to  e-­‐mail

Online  travel  revolu^on

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               What  can  she  see  online  ?

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Huge growth aggregators

Hotels and conference centres need to respond instantly to e-mail enquiries

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PriceTransparency

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MANAGETEAM

TRAVEL

Common mistakes in business travel

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COST CUTTING

Can be demoralising

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Budget  Air  Travel  

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BUDGET BOOM: $24 billion on 234 Airbus planes

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Night Flight or Day Flight Going out or coming home? – work, food, drink, chat, party, unwind,

dark, quiet, sleep, leave

Best  for  Business  ?Out  /  Back  

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COST CUTTING

Can be demoralising

Easier  to  work  on  High  Speed  Trains  

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HOTELS Business customers

are changing

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RoomKey

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Hotel  bookedon  arrival  in  city

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Would recommend you to a friend ?

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80%  under  35  year  olds  in  US  use  social  media  while  travelling  

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1  trillionpages  a  month

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"Perfection!, Wonderful hotel. Good value, beautiful views.“

This was the most beautiful hotel. Clean, friendly and good value.

“Worst hotel I have ever been in. Should be closed down.“ NEVER stay in this terrible place. Rats, insects, dirty. Many guests got sick.

74  million  users  a  month33%  business  travellers  

post  comments

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•Home•Work•Online•Offline•Sales•Entertain•Phone•Mobile•Chat•Mobile

KNOW YOURCUSTOMER

Travel and RoomPreferences

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LOCATIONLINKED

MESSAGING

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• Zettabyte = 1024 ExabytesExabyte = 1024 PetabytesPetabyte = 1024 TerabytesTerabytes = 1024 Gigabytes That's a data explosion of 44x in approximately 10 years.

BIGData

Who  travelling  where,how,  when,  why,  NOW?  

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Do things you believe inTotal life-cost of travel

Life  is  Short    

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Work faster and efficientlyFlexible, agile, stay aheadProblems sorted rapidly

Safe, on time, trusted

+ Control costs + Compliance / reports+ Economies of scale + Duty of care

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Dr Patrick Dixon slides and videos: globalchange.com -13 million users

Travel of the Future means doing it together