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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.
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.
We’re getting used to smart technologies. Well, smart technologies are here to help. Smart hotels are getting equipped with voice recognition technologies such as Amazon’s Alexa , Google’s Volara , or Alibaba’s Tmall Genie. Source: Hospitality Technology. Sustainable technologies. How Alexa works in hotels.
To do so, ExCel will work towards reducing its current operational emissions, champion low-carbon events and invest in sustainable technologies that allow venues and planners to achieve those objectives.
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. Current travel trends. Some other top trends today are nostalgic travel and bucket list trips. percent from 2022 to 2027.
On top of sectors where Hong Kong boasts unique strengths, such as innovation and technology (I&T), medical sciences and financial services, new themes of other sectors such as aviation, architecture, education are also trending among the latest event wins.
A trusted partner for thousands of conglomerates and enterprises in 100+ countries, FCM is known for its agile and flexible technology that anticipates and solves client needs supported by a team of experts. billion in 2027 and the industry will witness some exciting developments. 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. Technology Integration Technology is changing the game for DMCs. trillion by 2027. Embracing new technologies and staying ahead of trends will be crucial.
So, as leaders, if you want to think about being innovative, being proactive, being ahead of this curve — absolutely start engaging with this technology.” ” AI’s Impact on the Events Industry AI can revolutionize the events industry by enabling advanced attendee matching, global trend analysis, and responsive event planning.
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.
Pavel Matějka, Chairman of the congress and Rector of the University of Chemistry and Technology in Prague. Professor Lacík has been engaged at IUPAC for a long time and will be President of the Union’s Polymer Division from 2024 to 2027, and a member of the IUPAC Scientific Council between 2024 and 2025.
By leveraging the right technology, retailers can offer personalized recommendations, tailored promotions, and delightful in-store experiences, increasing customer loyalty and higher average order values. Instant Financing Decisions Klarna’s technology allows instant financing decisions during checkout.
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.
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.
Current Travel Insurance Market Trends. In April, Forbes Advisor published 2022 Outlook For Travel Insurance Buyers research where it shares current trends in the travel insurance industry. billion in 2022, and by 2027 it is expected to grow up to $7.74 Another study estimated the US travel insurance market to be $3.44
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. Similarly, a technology store can organize a pre-launch event that gives attendees exclusive access to the latest gadgets and products before they are released to the general public.
If you watch it, you’ll surely be impressed by the fact that every element in the commercial was created using artificial intelligence, but you’ll also see that the technology is nowhere near flawless. By 2027, it’s expected to eclipse $1.08 The market for such tools is only beginning to take off. billion, growing 17.5% each year.
By 2027, this number is expected to reach 900 million. It’s pretty clear that businesses have to catch up with the trends and offer their customers the desired payment options. So when choosing a provider, it makes sense to prioritize the ones that have your payment technology among their partners.
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. While Delta is focused on addressing our carbon footprint today, its critical that we also support revolutionary technologies that will drive the future of aviation.
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