Growing consumer incomes, millennials and willingness to explore places and tourism have given needed boost to the Travel and Hospitality industry. Adding to this natural trend emerged the digital trend making the travel and hospitality services more accessible for customers.
Smartphone revolution and easy availability of mobile data further added to the scene bringing in a new pace in the travel consumption pattern among end-users. Resultant, the operators are busy developing useful applications, while customers are engaged in looking for the best of the best in the market.
The travel and hospitality industry has special bondage, and both go hand-in-hand. The rise of one automatically reflects in the other.
The rise in travel trends automatically created a need for accommodation and sophisticated arrangements at the travel destinations, which eventually led to the rise of lodging and amusement among other sub-sectors, offering a needed boost to the hospitality industry.
Resultant is what see today, the travel and hospitality service providers are operating hand-in-hand with both of them excelling in each other’s services. This ultimately led to high competition in the industry.
