(TAN): The World Travel & Tourism Council (WTTC) in collaboration with Oliver Wyman, a global management consulting firm, has unveiled a new report that explores the implications of the trends for each of four key Travel & Tourism stakeholders: travellers, businesses, workforce, and communities.
The report emphasises the importance of taking a global coordinated approach to recovery: enhancing the current seamless travel experience, adapting to the integration of new technologies and enacting global protocols for health and hygiene to ultimately rebuild the confidence of travellers. It also highlights the need for the public and private sector to work together to recover the millions of jobs impacted and build the sector’s resilience.
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The WTTC report stresses that, as the world opens up again, four macro-trends are expected to lead the way through recovery and beyond: demand evolution, health & hygiene, innovation & digitisation, and sustainability. According to the report, 70% of North American leisure travellers say they would book during Covid-19 if changes were free.
Additionally, 69% of travellers cite cleanliness as a critical component of a travel brand’s crisis response, and it is expected that travellers will continue to pay heightened attention to health and hygiene even after there is a Covid-19 vaccine. This signifies a need for destination readiness, along with the need to adopt new protocols for health and safety measures to keep up with the demand evolution we are seeing.
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Digitisation has been paramount during the Covid-19 pandemic. Given the shift to remote working, as well as lockdowns around the world, there has been a rapid shift towards digitization, with people increasingly feeling comfortable with a touchless travel experience. The report reveals that it is here to stay with almost half (45%) of travellers saying they are ready to move from paper passports to a digital identity.
From widespread unemployment and anti-racism movements, to the restoration of natural habitats, the world has been reinvigorated to tackle social, environmental, and institutional sustainability. Furthermore, almost three quarters (73%) of consumers state they are taking note of brands that are making a difference during Covid-19, showing that growing attention is being paid to sustainability.
Gloria Guevara, President & CEO, WTTC said: “This comprehensive research paves the road to recovery for the Travel & Tourism sector. While there is still work to be done, this gives us insight into how we can best approach recovery and offers a vision and hope to the sector. The economic pain and suffering caused to millions of households around the world, who are dependent upon Travel & Tourism for their livelihoods, is evident.”
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Matthieu De Clercq, Partner at Oliver Wyman, said “The Travel & Tourism sector already accounts already for one in 10 jobs globally, and will continue to be critical to the economic development of many economies. Creating inclusive opportunities for women, youth and minorities alike does not only make sense economically, but is also what tourists of the future want, especially post-Covid.”
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