TBWA'S Future Of Travel Report Explores Travel's Inflection Point
The era of limitless travel and copy-and-paste itineraries is coming to a close. As the category aims to rebalance itself, businesses will be forced to shift focus from high volume to high value.
LOS ANGELES, Oct. 5, 2021 /PRNewswire/ -- Backslash, the cultural intelligence unit of TBWA\Worldwide, has released its Future of Travel report. The report is the third in Backslash's "Future of" series, which explores what will—and more importantly what should—come next in must-watch categories.
For decades, tourism has been defined by volume. Predictable itineraries and cut-rate flights attracted the masses, taking a catastrophic toll on our most cherished destinations and the people who live there. But as the world begins booking post-vaccine getaways, the report predicts that a greener, smarter, more intentional era of travel is upon us.
"The pandemic upended business and leisure travel as we knew it, and time away from travel showed us that we were ready for a reset," said Agathe Guerrier, Chief Strategy Officer, TBWA\Worldwide. "While travel volumes are likely to remain depressed for a while, there are many new opportunities for brands to add value in the category. As often, the businesses that play a role in shaping the future will be the ones to secure their place in it."
The report leverages cultural intelligence to unlock four opportunities for disruptive growth in travel and outlines specific ways for businesses to take action—whether that be through addressing untapped audiences, introducing new services, or investing in product innovation.
"Travel is at an inflection point. For decades we've enjoyed limitless travel without much guilt, but we're finally realizing that mass tourism comes with consequences. So while we may be booking fewer trips in the future, the trips we do take will be more intentional. And because of that we'll see businesses start to shift their focus from high volume to high value, which is a really hopeful turnaround," added Cecelia Girr, Backslash's Director of Cultural Strategy.
The Future of Travel report was born from months of in-depth qualitative and quantitative research, strategic ideation, and collaboration among 44 Culture Spotters from 26 global TBWA offices. Our Spotters bring expertise from their work on some of the world's biggest travel companies—from Hilton, to Singapore Airlines, to Tourism New Zealand.
The Future of Travel report can be downloaded at https://www.backslash.com/futureoftravel.
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