article thumbnail

Is Virtual Tourism A Viable Future For The Travel Industry?

The Horizons Tracker

The tourism industry has ground to a halt as a result of the coronavirus pandemic that has severely limited international travel. They believe this would make virtual travel more realistic, and potentially revitalize the tourism industry. ” Virtual tourism. first appeared on The Horizons Tracker.

Tourism 126
article thumbnail

How Innovation Boosts Profitability

The Horizons Tracker

The impact of innovation to improve the profitability of companies is something that has always been assumed, but nonetheless, it’s nice to have some tangible evidence to show it’s the case. They found that the most innovative firms achieved 1.95% higher growth in profitability each year than their less innovative peers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Study Says Staycations Are Here To Stay

The Horizons Tracker

Tourism and hotel experts from the U.S. The study found that this trend is still popular and is likely to stick around as a regular part of the tourism industry. The study found that this trend is still popular and is likely to stick around as a regular part of the tourism industry. It also collected data from the U.S.,

Tourism 116
article thumbnail

Will The Remote Work Boom See A Rise In Digital Nomadism?

The Horizons Tracker

While newspaper headlines have examined the travails of the tourism industry and the impact reductions in business travel is having on the sector, they are not the only group for whom travel restrictions have had a profound impact. There is also a shift underway in our attitude towards tourism.

Tourism 142
article thumbnail

Has Covid-19 Made Tourists More Price Sensitive?

The Horizons Tracker

Travel and tourism have been hugely disrupted by the lockdown measures introduced to try and stem the spread of Covid-19 around the world. The pandemic has had an obvious impact on all aspects of the economy, and tourism has been no exception. Challenging conditions. ”

Price 117
article thumbnail

How The Creative Industries Could Revitalize Coastal Towns

The Horizons Tracker

Beyond tourism. The researchers wanted to explore how coastal communities could move beyond tourism, and found that flexible apprenticeships, better access to finance, and the creation of peer-to-peer support networks are all likely to be crucial.

Industry 131
article thumbnail

What Impact Is COVID Having On Coastal Towns?

The Horizons Tracker

The report reveals that coastal communities across the UK are likely to be significantly affected by the economic lockdown measures, due in large part to their reliance on tourism. “These areas have the highest proportion of workers in the industries most affected by closures such as tourism and retail.” in Skegness.

Tourism 82