While the pandemic has created unprecedented challenges for the global travel industry, it has also provided the opportunity to innovate, realign and come out stronger on the other side.
In the current market, agencies are finding ways to create value and remain solvent and as such are re-evaluating partnerships, commercial business models and distribution agreements. They are looking for efficiencies in their operations to reduce costs whilst meeting traveler demands for personalization, self-service, and automation.
Technology is playing a major role in facilitating recovery, assisting the travel industry with the challenges it faces and ushering in a new era of personalized travel that will present more opportunities for businesses and a better experience for travelers.
In this four-part blog series, we will be looking at how agencies can leverage technology to embrace traveler trends and drive value and efficiency across three key areas – personalization, partnership, and content.
The growing expectations of travelers
Before the pandemic, traveler expectations and preferences were changing. Now, these expectations have been amplified and new ones have also emerged:
- Assurance and Safety: Travelers are looking at travel as even more complex than ever before due to the uncertainties regarding travel safety. Travelers are looking to all stakeholders in the travel journey to ensure their safety and wellbeing while traveling.
- Traveler Preferences: Traveler preferences are shifting more toward the familiar, predictable, and trusted. More people are choosing to stay close to home – both domestic and regional. Traveler preferences are more purpose-driven and interest in health/wellness and eco-friendly choices continues.
- Seamless Experience: Travelers expect a stress-free seamless experience throughout the travel journey – from planning to post-trip. Contactless technologies have become a basic prerequisite for a safe and seamless travel experience, with travelers looking for ways to minimize their physical contact with others by utilizing self-service options throughout their journey.
- Personalization: Today’s travelers are influenced by digitization and social media. These tech-savvy travelers are looking for unique, new and memorable experiences unlike the traditional rigid offers and experiences once offered by travel companies. Travelers want customized vacation packages, recommendations, deals, sales and offers that are completely tailored to their needs and interests from their travel companies. Travelers also want offers, deals with consistent omnichannel experiences.