Travel + Leisure Magazine Acquired By Wyndham Locations For $100 Million
Within the leisure travel market, tourism digitization plays an essential role. Revenues of Booking Holdings and the Expedia Group – the biggest two online travel businesses worldwide – greater than doubled between 2013 and 2019, while evaluating companies on travel evaluate web sites, corresponding to TripAdvisor, became an essential a part of the general tourism experience. As the COVID-19 pandemic turned the travel trade the other way up, digital innovation, together with new hygiene measures, home locations, and sustainability will doubtless lead the way within the new period of leisure travel. For many business travelers, COVID-19 has shifted the enterprise meeting from flights and hotels to Zoom calls. While the pandemic’s trajectory stays unclear, leisure travel will continue to be the lifeblood of many hotels within the near future.
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