Just as in other industries, travel and tourism experiences trends: a certain type of trip becomes incredibly popular, or a previously unknown location becomes a must-see destination. While some trends stick around from previous years, others seem to come from nowhere, reaching critical mass in no time. As 2016 gets underway, we take a look at 7 of tourism trends, both old and new, that are likely to be big for the year ahead.
Traditionally, the construction of hotels has been financed by banks and investments, but the luxury hotel segment has been increasingly turning away from these sources of financing toward a new option: crowdsourcing. With a potentially long lead time on funding, individual luxury hotels with unique features are finding that appealing directly to the people interested in what they have to offer enables them to secure financing that might be denied by more traditional routes. Through crowdfunding, individuals interested in different hotel concepts can directly invest in the development of these new properties. One example is the Prodigy Network crowdfunding real estate firm, which is currently planning to construct a 194-unit space in downtown New York. The hotel will offer space for both short- and long-term stays.
The advent of wearable tech is ushering in a new era of travel and tourism, according to some industry reports. While apps have provided some customization and reviews from individual travelers have offered tourists more and more information about the best places to see, eat and sleep, apps like TripAdvisor for the Apple Watch can send push notifications to users, with information about nearby attractions, highly rated restaurants in the user’s vicinity and more. Google Now also offers suggestions, using geo-localization to keep its suggestions relevant to the user, while also taking note of the user’s past behavior. The result will be an increase in customization that makes travel suited to your individual preferences—which, in theory, should make your trips all the more enjoyable.
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