Introduction Of 5 Reasons to Attend the 2022 World Tourism and Travel Show
5 Reasons to Attend the 2022 World Tourism and Travel Show. The world’s fastest-growing travel sector, tourism, is undergoing rapid transformation. Emerging markets and new digital technologies are accelerating this trend, extending the travel horizon. Generating demand for alternative forms of accommodation. You can also read 10 Internships in Travel and Tourism for College Students.
World Tourism and Travel Show (WTTS), one of the world’s leading tourism exhibitions, will be held from Thursday, 28th June, to Sunday, 31st July, at Olympia in London. According to the latest research from Accenture and Mastercard, e-commerce is expected to grow by a staggering 18% each year until 2025. The WTTS offers travellers access to products and services they may not have known existed or never thought they needed. Here are 5 compelling reasons you should attend the 2022 WTTS as a guest exhibitor or buyer.
The world’s fastest-growing travel sector
The world’s fastest-growing travel sector, tourism, is undergoing rapid transformation. Emerging markets and new digital technologies are accelerating this trend, extending the travel horizon and generating demand for alternative forms of accommodation. From new types of travel experiences to new platforms for booking, emerging economies are fuelling a digital revolution in the travel industry.
The continued growth of emerging markets fuels them. By comparison, global travel demand is expected to increase at an average yearly rate of 1.9% over the same period. The WTTS will be held from Thursday, 28th June, to Sunday, 31st July, at Olympia in London.
The exhibition, now in its 34th year, is the world’s longest-established and most comprehensive travel industry event. The WTTS attracts over 80,000 visitors annually, including leading travel industry professionals, travel suppliers, travel bloggers, and media representatives.
Fuelled by the continued growth of emerging markets
One of the most significant changes driving the development of the travel sector is the emergence of new markets as major economies mature. This growth is particularly evident in Asia. Most countries are expected to achieve a growth rate of more than 5% per year.
With more than half of the world’s population living in Asia, the region is among the most important for the growth of the travel sector. The witness in Asia has seen tremendous growth, with China’s WTTS growing at an impressive rate. New markets are also emerging from other parts of the world, such as Africa, where the number of holidaymakers is increasing.
A digital revolution in sight
The digital revolution is leading to a shift in the way people travel. More and more travellers are turning to digital methods to plan their trips and book travel. For example, a recent Google and Oxford University study showed that online travel sales are expected to account for almost half of all international travel spending by 2025. This trend is also affecting accommodation and tour services.
At the WTTS, you will experience new types of accommodation, such as VRBOs, and new booking options, such as Airbnb, which allows you to book a stay in a private home. Vacation rental services, such as VRBO and HomeAway, are ideal for travellers who want to stay in a private home during their trip. The service allows travellers to book a place to stay in a private home rather than a hotel room.
New business models and partnerships
Geo-blocking online services are one of the travel industry’s key digital challenges. New business models are being created to address this challenge. For example, accommodation booking sites such as Airbnb and TripAdvisor. Create new opportunities through partnerships with hotel chains and travel agencies.
Innovative travel management companies are also bolstering their business models by offering services such as loyalty programs, mobile boarding passes, and digital travel receipts. At the WTTS, you can experience these new business models first-hand.
The future always looks bright for the travel sector.
The travel sector is now the second-largest contributor to the global economy, with an $ 8.7 trillion impact on the global economy in 2016. Travel also supports up to 600 million jobs worldwide. The WTTS is an important indicator of future trends shaping this important sector.
At the WTTS, you will be able to experience new types of travel experiences, such as jetpacks, that were once only available to the wealthy. New business models and partnerships, such as VRBOs, were once only available to large chains. And you will be able to learn about new technologies. They are set to revolutionize the travel sector, such as smart airports and drones.
Bottom line
The WTTS offers travellers access to products and services. They may have yet to learn what existed or never thought they needed. From luxury hotel stays to unique vacation rentals, from adventure travel to cultural experiences. The WTTS is an excellent platform for travellers to discover new accommodations and travel experiences. At the WTTS, you can learn about new business models, technologies, and partnerships reshaping the travel sector.