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Transformational Changes in the Tourism Industry
Hemant Mediratta, Founder - One Rep Global ‘The tourism industry is ever evolving. The speed of transformational change as a result of large scale political, environmental, social, technological and economic impact will only act as a
Hemant Mediratta,
Founder – One Rep Global
‘The tourism industry is ever evolving. The speed of transformational change as a result of large scale political, environmental, social, technological and economic impact will only act as a catalyst to tourism.
I am very buoyant about India Tourism whether it is inbound, outbound, or domestic. Our window of opportunity is now and will remain open for the next decade or so. Demand for experiences paired with an increase in disposable income and younger demographics will help generate a surge in the Indian travel markets.
Enabling technologies like Virtual and Augmented will bring the destination closer to the traveller. Sustainable tourism growth will be a key in consumers decision making on whether to choose a zero emission flight or stay in a carbon neutral hotel. Enhanced travel mobility from hyperloops to driverless cars to individual flying pods, all will contribute to a growth in tourism. Personalisation in travel will be enabled through technology and it is likely that large tech players who already have your data and preferences will use it to drive travel.’
Deepak Agarwal
Director at Moustache Escapes
The pace of the tourism industry is changing rapidly, and as a part of the tourism sector, a projection of several innovations soon, especially due to post-Pandemic aftermath, has been witnessed. Speaking from our own experience, pre and post covid brought a lot of changes in Moustache Escapes in terms of new streams of revenue associated with the company, footfall, and profiles of tourists, among many other changes. Likewise, the ways of research and projection of numbers for the next five years are bound to change. The growth aspects we predict on the Tourism Day 2022 may outperform the actual outcome and advancement in tourism in 2030.
The future trend could also see individuals keen on exploring new and untapped tourist places within our country itself. For instance, if we consider the high rate of youth present in India, they are most inclined towards urban tourism. Hence, we could expect that urban tourism will gradually take over cultural tourism by 2030 as the objectives to travel differ person to person and cannot be generalised.
Backpacking has been largely prevalent in Europe and Southeast Asia for more than three decades and is now increasingly taking over in our country, as well. At Moustache Escapes, we are moving towards discovering some untouched locations to appease our travellers. Thus, solo trips like backpacking and staying in hostels whilst discovering new and unique experiences will be a major trend in the coming years as the young are eager on being independent, explore the unexplored and have higher rate of disposable income.
The definition of travel and tourism is likely to change by 2030 and people will be more interested in visiting distinctive properties to live through diverse atmospheres. While selecting hotels for solo trips, individuals are more concerned about the vibe it offers, rather than budget. Therefore, to preserve a tourist destination and make it appealing to tourists in the future, sustainable tourism is important. The industry is surely moving towards it but there are several travel companies who would like to offer curated experiences with the intent of maximizing their revenue. Thus, from where we see right now, both formats- sustainable and non-sustainable tourism will co-exist, the scalability might see an exponential shift.
