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Economic downturn to create new winners and losers in travel
March 14, 2009
Internet bookings will surge. Demand for online virtual meetings will gather pace. Domestic travel will stay stable or grow, as will demand for low-cost flights.
Internet bookings will surge. Demand for online virtual meetings will gather pace. Domestic travel will stay stable or grow, as will demand for low-cost flights. Destinations adjacent to big travel markets will do not so bad. Long-haul travel will fall sharply. And the most pain will be felt in the business travel and MICE sectors.
Those were the predictions for 2009 unveiled by IPK International’s CEO Mr. Rolf Freitag, in an ITB World Travel Trends Update on March 11 at the ITB Convention in Berlin.