Travel & leisure tech trends and startups to watch
Third, increase operational efficiency through integration, all while increasing customer base. The companies are now able to work together, rather than alongside each other, and management expects these synergies to drive growth and profits. All of this being said, I anticipate we are going to continue seeing a fusion as domestic, business and leisure travel continue to gel together.
- Members end up spending 2.6 times their initial purchase over the span of a lifetime, according to Travel + Leisure’s investor documents.
- Using a points style, various tiers of memberships have varying awards, but members get locked into long-term contracts.
- On the other hand, timeshares are a different story as their financial viability and popularity wanes over time, especially with steep competition from vacation rentals and traditional hotel/motel.
- With 83 percent of Travel & Leisure companies rating email ROI as ‘excellent’ or ‘good’ (2016 Email Industry Census – Key Sector report),