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percent compound annual clip through 2027, the fastest pace of any age group. Like older luxury travelers, they value experiences rather than material goods — but the trend is more pronounced among Millennials. Clearly, that trend gains more power when it’s combined with the existing fitness-oriented predilections of Millennials.
Dubai Marks Progress in Tourism, Events and Sustainability in 2024 With nearly 15 million overnight visitors as of October 2024, Dubai has hit its stride as a top international destination for tourism, meetings and events. A cool $660 million has just gone toward making that dream a reality.
Breaking down the company’s recent sustainability strategy International exhibition and convention center ExCel London is a carbon-neutral venue and an advocate for the path towards green meetings. Recently, the company debuted a comprehensive sustainability strategy. At over 100,000 sq. In 2022, the center was the first U.K.
Trends and Innovations Shaping the MICE Industry The business events industry, known as MICE (Meetings, Incentives, Conferences, and Exhibitions), is a major driver of economic growth in North America. from 2020 to 2027, and hybrid events are a direct result of this surge in virtual platforms.
Sustainable technologies. Eco-friendliness is a huge global trend so hotels adopt various green practices and implement resource-saving technologies to minimize the impact on the environment. A tropical garden in the atrium of the completely self-sustainable Hotel Jakarta in Amsterdam, the “greenest hotel in Netherlands”.
Pushing for sustained growth The HKTB has facilitated public and private sector bids for regional and international events,securing over 60 large-scale international MICE events for Hong Kong slated for between 2024 and 2026, many of which are staging in the SAR for the first time.
Let’s take a closer look at the latest trends shaping the DMC industry and what the future might hold for these essential players in travel and event management. For instance, the global sustainable tourism market was valued at $3.3 trillion by 2027. Embracing new technologies and staying ahead of trends will be crucial.
From a customer-demand point of view, for the last few years,” said Simon Mills, chief commercial officer for ExCeL London, sustainability “has been front of mind.” With that impact in mind, Levy UK + Ireland committed to carbon net-zero by 2027, long before the U.K. It has thousands of employees and feeds millions of people each year.
This involves embracing global trends mirrored in their sector, such as sustainability and personalization. As the country gears up to welcome athletes and fans from around the world, the business events sector will undoubtedly play a crucial role in ensuring their success.
billion in 2027 and the industry will witness some exciting developments. Our incredible lineup of panellists and speakers will share the latest travel trends, technology, meetings and events, and sustainability. “Business travel in India is expected to reach USD$49.5
Let’s take a closer look at the latest trends shaping the DMC industry and what the future might hold for these essential players in travel and event management. Current Trends in Global DMCs Sustainable Destination Management Sustainability is now a must in modern travel. trillion by 2027.
In this post, we explore glamping as one of the current travel trends, compare it to good old camping, and discuss who and why choose to spend their vacation at a glampsite. arguable sustainability issues since many glampsites consume a lot of energy and water and create excessive waste (well this one depends on the property).
However, for the sake of sustainability, it is necessary to diminish the negative effects that production and its outputs have on nature and on the natural processes,” adds prof. . “The main topic and title of the congress point to the fact that today’s civilization cannot exist without the products of chemical production.
Trends and Innovations Shaping the MICE Industry The business events industry, known as MICE (Meetings, Incentives, Conferences, and Exhibitions), is a major driver of economic growth in North America. from 2020 to 2027, and hybrid events are a direct result of this surge in virtual platforms.
This property will be focused on sustainability and the latest innovation in conservation woven into the DNA of the property, hitting the heartstrings of a growing number of companies who find value in these kinds of initiatives. Are You Ready to Start Planning Your Next Incentive Trip?
By 2027, 75% of shoppers expect to see this. Similarly, a beauty brand could host a makeup tutorial event that showcases its latest products and trends. During the workshop, knowledgeable staff or gardening experts can share tips and insights on plant care, landscaping ideas, or sustainable gardening practices.
There are several challenges retail companies need to consider when focusing on designing new experiences for their customers: → New Buying Trends The pandemic and the life-cost crisis conditioned a series of changes in how people buy. The report also emphasizes the potential for revenue growth among experiential retailers.
Online travel agencies landscape If you start an OTA from scratch, plan to get your existing offline business online, or think over a growth strategy, you need to know the current state of affairs in the market, consider the biggest players, and explore the latest trends. percent from 2023 to 2027. The projected OTA market growth.
Grappling with how to rectify sustainability goals with those long-distance flights to meetings? Wondering what the data shows about 2025 travel trends? Wondering what the data shows about 2025 travel trends? Air Force grant, the company is working toward its first full-scale demonstrator flight in 2027. Backed by a U.S.
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