Blockchain: How Digital Currencies will affect Business Travel

| November 14, 2019

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In the last few years, seemingly from nowhere, Bitcoin has made its way firmly into public consciousness. Even if you don’t trade in this digital currency, you’ll surely be aware of it as it seeps into mainstream business operations. While the very idea of a digital currency was initially met with scepticism, today the trend is growing rapidly, affecting transactions in a number of sectors. It’s surely only a matter of time before it firmly takes its place in the travel industry as well.

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Wanderlust Holidays Pvt. Ltd

Wanderlust Holidays is a Premier Destination Management Company, founded in Maldives, handling inbound tourists from across the globe to Maldives. At this exotic destination, we strive to make your holiday a truly unforgettable and magical experience.

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Data shows severe impact of coronavirus on global hospitality industry

Article | March 26, 2020

Global hospitality data company STR has released hotel industry reports for the week ending March 21 and in nearly all markets, the metrics are continuing to get worse due to the ongoing pandemic of the coronavirus COVID-19. The reports are based on data from 68,000 properties and 9.1 million rooms around the world. Compared to 2019 figures, occupancy is down as much as 96% in Italy to 68% down in China, 67% down in the United Kingdom, 59% down in the United States and 48% down in Singapore. As the first market to deal with the coronavirus, China is also the first to show signs of stabilization. About 87% of the country’s hotels are now open – up from a low of 40% - and occupancy is starting to turn in a positive direction, to just over 20% for the week ending March 21 from a low of 10% in February.

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AI is the key ingredient for travel and hospitality sectors' business strategy

Article | February 24, 2020

The very essence of travel and hospitality lies in connecting people to each other as well as to places and experiences. However, consumer behavior is constantly changing, competition continues to heat up, and the industry, though witnessing consolidation at various levels, continues to be highly fragmented. So, as new and emerging technologies are playing a pivotal role in the rapid digitization and automation of this increasingly ‘connected’ world, it only makes sense that players in the space are frontrunners in terms of their implementation. Artificial Intelligence, in particular, is proving to be useful for a number of processes and functions across businesses in the travel and hospitality space, both in terms of internal operations and enhancing the experience for the end-users.

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Travel tech pros put sustainability behind economy as key challenges for 2020

Article | February 10, 2020

Economic uncertainty is deemed to be the biggest challenge facing the travel industry, ahead of climate change and sustainability issues, according to new research. A survey by Travel Technology Europe, sister brand of PhocusWire, reveals that 53% of those polled put economic conditions at the top of the list of concerns followed by sustainable travel at 45% and climate change at 44%. The study was carried out in the run-up to the United Kingdom's general election in early December 2019, so the challenge of economic uncertainty is not that surprising.

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How Google Flights is shaking up the travel Industry

Article | February 12, 2020

The internet is littered with the bodies of companies unable to adapt when Big Tech moved to offer a service for free. Possibly the most famous example in tech history remains Microsoft’s decision in 1996 to give away its browser Internet Explorer bringing Netscape’s skyrocketing share price to an abrupt halt. The rest is history. Although Google’s recent decision to stop charging for leads to airlines and OTAs in Google Flights might look insignificant in comparison, it is sending shockwaves across the travel industry. To understand why, it is important to understand Google Flights’ weight in the airline distribution ecosystem.

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Wanderlust Holidays Pvt. Ltd

Wanderlust Holidays is a Premier Destination Management Company, founded in Maldives, handling inbound tourists from across the globe to Maldives. At this exotic destination, we strive to make your holiday a truly unforgettable and magical experience.

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