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Travel – where are we going? Steve Byrne CEO Travel Counsellors

Travel – where are we going? Steve Byrne CEO Travel Counsellors.

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Travel – where are we going? Steve Byrne CEO Travel Counsellors

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  1. Travel – where are we going? Steve Byrne CEO Travel Counsellors

  2. “the future belongs to a very different kind of person with a very different kind of mind – creators and empathisers. The people, artists, investors, story tellers, caregivers, consolers, will now reap society’s richest rewards and share its greatest joys.” Daniel Pink, A whole new mind, 2006

  3. Let’s look at… • the external market factors affecting the travel industry • the customer opportunity • the role of technology to personalise the customer journey • the future of the travel provider

  4. Terrorism– shifting traffic flows • European sunshine – a vast proportion of holidays • Terrorism threat impacts key tourist destinations • Supply demand imbalance – higher rates but competitive battle • Longhaul ‘fly and flop’ becomes more appealing for those who can afford it DUTY OF CARE

  5. Older age groups are the biggest spenders and want to continue their behaviours… Category example – Retiree expectations for future holiday behaviour Cultural Relaxing Off the beaten track 82% of 65+ expect to take the same style of holidays in 10 years’ time Touring Less well-known Social Largest spenders are 50-64 year olds: Av spend £3,224

  6. “Hour-glass economy” or “smart shopping” Premium Winners Losers • Mainstream • Premium / Luxury • Experience • Value Mainstream Value Source: Pew Research, Company websites, Symphony IRI, Nielsen, L.E.K. Analysis

  7. Mobile revolution – shopping, service, support 13% of people booked a holiday via mobile in 2016 27% for 25-34 year olds Trip planning and booking: passengers look for easy ways to to plan and book their holiday The Mobile EnabledTraveller At the airport: mobile can be used to mitigate and manage events and disruptions that might occur Trip review: social media is now a key channel for customer feedback On-board: airlines can provide a richer customer experience by providing new services enabled by mobile and on-board internet connectivity At the destination: Mobile is a valuable tool for travellers wishing to document, share and manage their experience Dreaming, Planning, Booking, Experiencing Source: Amadeus “The always-connected customer”

  8. “the automation of factories has already decimated jobs in traditional manufacturing, and the rise of artificial intelligence is likely to extend this job destruction deep into the middle classes, with only the most caring, creative or supervisory roles remaining.“ Professor Stephen Hawking, 2016

  9. Artificial Intelligence (AI) is the new technology ‘frontier’ What AI isn’t AI can be used to enhance the customer experience, but cannot replace it

  10. Using technology to… …enhance knowledge, build relationships and help us care even more COACH TCTV

  11. …put the customer first and always do the right thing by them The future belongs to those that… …use destinationinsight and experience to improve sales and customer experience. …use technology to help them care even more – ‘the wrapper around the core personal service’ …move from being the travel agent to the tour operator, working closely with suppliers & DMCs …create tailor-made, personalised, authentic travel experiences for their customers, that can’t be shopped around …are data focused but people centric

  12. Thank You

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