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Loyalty schemes have become an integral part of the highly competitive and dynamic travel and tourism industry. However, the reality is far from perfect, as pinpointed by a former executive of AirMiles. Indeed, loyalty schemes affect only a small proportion of consumers significantly, with the majority choosing to adjust their behaviour only slightly or not at all.This report explores the global travel and tourism industry, providing a snapshot of trends and issues, as well as recent developments in three segments: airlines, hotels, as well as other general travel providers, including online intermediaries and car rental companies. It also looks briefly at the trends influencing and affecting the worldwide tourism industry.
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