Understanding Differences Between Business and Leisure Travelers

Before the pandemic, Airbnb enjoyed years of explosive growth, and it’s extending its hot growth streak even before the pandemic ends. This isn’t just a travel and tourism rebound play; Airbnb is a top growth stock worth considering. Remote work looks like it’s here to stay because of the pandemic, and Airbnb has emerged as a top beneficiary of this change in the global workforce. Millions of people around the world are now working while they travel, and extended-stay bookings were a top area of growth for Airbnb in 2021.

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Camera and Travel, the magazine later assumed the name Travel + Leisure in 1971.
And Skift pointed out that RCI, a timeshare exchange brand owned by Wyndham Destinations, already has an eponymous magazine, formerly known as Endless Vacation.

These segments of travelers are two separate entities that have different wants, needs, and travel patterns. A better understanding of your business mix of leisure and business travelers can ultimately lead to more success for your hotel if action is taken according to their preferences. Here are some crucial points to understand about business and leisure travelers and Travel & Leasuire a few ways for hoteliers to cater to these two segments. The Covid-19 pandemic has been enormously transformational, and the property development industry has been no exception. The past two years have wreaked havoc and brought widespread disruption to the hospitality industry. But at the same time, a new paradigm as to how and why we move around has been formulated.

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Travel & leisure

According to another Airbnb announcement, more than 100,000 guests have booked stays of 90 days or longer on Airbnb in the past year. Digital freelancers, solo creators, and distributed teams are no longer the only ones free to live and work from anywhere. Now, a significant share of corporate office employees can work remotely, whether from a beach city or a rental desk at a coworking space. These new Blurred Travel use cases, which we will later discuss in greater detail, are defined by extended stays, preferred types of destinations, and a specific set of requirements. Essentially, Blurred Travel is a new dimension that travel providers should consider when segmenting their customer base.

Travel operators are preparing for a busy summer, fuelled by an accumulation of demand from leisure customers and business travellers. Though global tourism is still a far cry from pre-pandemic levels, it rose by 4% in 2021, according to the United Nations’ World Tourism Barometer. Moreover, almost two-thirds of tourism professionals predict greater gains in 2022, despite concerns over new COVID-19 variants and inflationary pressure on disposable income. Browns Tours has been in the business offering a tailor made service for discerning travelers for more than 60 years to date. With a steadfast reputation and customer trust foundation, Browns Tours is also a well-known name now in the travel and tourism industry.

DHR’s Hospitality and Leisure team can help you and your company navigate these challenges. Our executive search consultants have helped some of the world’s most iconic hospitality brands lead markets by finding and recruiting talent and teams capable of market innovation, operational excellence and financial performance. This is the first ETF that offers direct access to the technology-focused global travel and tourism industry. It follows the Prime Travel Technology Index, charging investors 75 bps in annual fees.