Several of our team members from Gulf Shores Rentals, Inc attended this year's conference hosted by Expedia Group. The conference was held in Las Vegas with industry leaders charting the future of travel. The event was full of impactful forums and breakout sessions. Some of the main topics wree how vacation rentals took the lead during pandemic, future of travelers, labor shortages and trends of the travel industry.
-Nearly 9 out of 10 Americans (85%) are expecting to travel this summer
- Nearly half (48%) plan to take two weeks or more off.
- Domestic airfares are up 40% since beginning of year.
- Domestic fares predicted to rise 10-15% between April - June.
TRENDS:
Travel demand will reach new heights. Personal wellness is emerging as a priority. Travelers are hungry for new experiences. Business travel will recover slowly. Travelers' expectations have never been higher.
LABOR SHORTAGES:
Be transparent about what travelers can expect during their visit. Invest in technology. Consider opt-in services.