Growing environmental pressures are rapidly changing the travel industry

Deloitte's latest report offers insights into how companies can adapt or risk extinction in an increasingly eco-conscious marketplace

Navigating the implications of climate change will likely be among the travel industry’s biggest challenges in the coming decade. A combination of escalating environmental regulations, rising consumer and corporate demand for sustainability, and travel destinations’ increasing vulnerability to extreme weather call for greater strategic attention to environmental impact.

Key takeaways

• Climate-related pressures are among three major concerns leaders must contend with, according to a new Deloitte report that also highlights the potential of artificial intelligence along with big shifts in the demographic makeup of the traveling public;
• Younger, tech-savvy, and socially conscious generations are set to surpass boomers in terms of spending and influence within the industry. While boomers remain a lucrative demographic, they are beginning to age out of frequent travel;
• Interest in sustainable travel is consequently growing as millennials and Gen Z become dominant consumer groups. More young travelers say they seek lower-emission flights and hotels with sustainability certifications.

Download the report at Skift / Deloitte