Blockchain Solutions for Green Travel

| August 24, 2018

article image
Travel & Tourism is a massive sector, with substantial opportunity for Blockchain technologies to improve traveller experience. It is one of the world’s largest industries, with a very bright future. There are currently over 1 billion international and over 4 billion domestic trips every year. Total travellers double every 15 - 20 years. Annually, the sector drives some 10% of global GDP and jobs: it also generates more than US$1 trillion international revenues alone. It’s at the forefront of global change, cutting through industrial and service sectors, with an impact felt directly at local community level.

Spotlight

NAU Hotels & Resorts

A NAU Hotels & Resorts é um grupo hoteleiro de referência em Portugal, que integra atualmente dez hotéis, de 5 estrelas e 4 estrelas superior, localizados em Lisboa, Alentejo e Algarve, três campos de golfe e um leque alargado de outros ativos, nomeadamente o maior centro de congressos do Algarve com mais de 1.600 lugares, o Palácio de Congressos do Algarve.

OTHER ARTICLES

Will the travel industry adopt white box AI?

Article | February 17, 2020

I recently attended a Venture Beat webinar entitled: 3 Keys To Moving Toward White-Box, Explainable AI. The panel discussed varying degrees of transparency in respect to understanding the output from artificial intelligence, the worst being a black box where the underlying decision is masked in AI algorithms. So what does this all mean? Of course, in the travel industry, we traditionally have a different term for a “black box”, but in the context of AI, a black box output implies that it may be challenging for the target audience to understand the rational for a given decision. The key here is defining the target audience.

Read More

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

Article | February 17, 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.

Read More

Frequent flyer: will business travel bounce back from coronavirus?

Article | February 17, 2020

With trade shows cancelled and companies limiting or even banning travel, Mark Manduca, aviation analyst at Citi, recently raised the question: “Will corporate travel ever truly recover again?” When the coronavirus crisis is over, will companies that have managed just fine with video conferencing decide to carry on, given how much cheaper it is? We have heard similar questions before. I wrote an article in the early 1990s, after the first Gulf war and the economic downturn, quoting experts who said company bosses had noticed a fall in costs from the resulting decline in travel and decided to make it permanent. Similar things were said after 9/11. Every economic slowdown produces the same statements.

Read More

Promoting Tourism in the Time of Coronavirus Is a No-Win

Article | February 17, 2020

One of the vulnerabilities of the tourism industry is that it is built entirely around a discretionary good. That is, most people don’t have to travel. They choose to. Despite the massive growth of the tourism industry since globally disruptive events like September 11 and the SARS crisis, that still holds true. As coronavirus continues to spread around the world, the tourism industry sees free-falling demand for travel. It’s anyone’s guess when that may change. With that new reality comes a question: What role, if any, does tourism promotion and marketing have at a time when the appetite to travel is low? One could argue the case both ways that low risk destinations have every reason to ramp up their promotional activities. Or alternatively, that it’s tonally off-base and borderline irresponsible to promote tourism — especially the carefree, leisure kind at such a time.

Read More

Spotlight

NAU Hotels & Resorts

A NAU Hotels & Resorts é um grupo hoteleiro de referência em Portugal, que integra atualmente dez hotéis, de 5 estrelas e 4 estrelas superior, localizados em Lisboa, Alentejo e Algarve, três campos de golfe e um leque alargado de outros ativos, nomeadamente o maior centro de congressos do Algarve com mais de 1.600 lugares, o Palácio de Congressos do Algarve.

Events