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Rental Supply Slows, Saudis' Chinese Push and Sustainable Travel Woes

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Manage episode 446299154 series 3470145
内容由Skift提供。所有播客内容(包括剧集、图形和播客描述)均由 Skift 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

Episode Notes

The growth of U.S. vacation rental and short-term rental supply has been slowing down, a trend that will likely continue next year, reports Senior Hospitality Editor Sean O’Neill.

Vacation rental and short-term rental supply in the U.S. has grown 10% in 2024 from last year, according to analytics firm Key Data. However, that’s down from 20% two years ago. Key Data said one factor for the supply deceleration is a shortage of housing.

Analysts at Truist Securities said that supply growth may continue to slow as some units become long-term rentals and migrant-focused corporate housing.

Next, Saudi Arabia is targeting Chinese travelers as part of its strategy to attract 150 million tourists by 2030, writes Editor-in-Chief Sarah Kopit.

Tourism Minister Ahmed Al Khateeb said in an interview with Skift that the kingdom believes it can attract 20-25% of the Chinese tourists who take mid-to-long-haul flights, often to Europe and the Middle East. It’s a “huge market,” he said, with an interest in traveling for culture and heritage.

Al Khateeb added Saudi Arabia has been actively promoting itself in China, including organizing a Saudi Travel Festival in Beijing recently.

Finally, travelers are largely aware of the importance of sustainability. But there’s a gap between awareness and action, according to a new survey, writes Asia Editor Peden Doma Bhutia.

Trip.com’s Sustainable Travel Consumer Report found that 92% of travelers acknowledge the importance of sustainable travel. However, a little less than 57% of respondents said they practice sustainable travel. A major reason for the relative lack of action is general uncertainty about the concept, according to the survey. The divide is more apparent when it comes to paying extra for sustainable travel options, especially when it comes at a time of economic challenge and soaring living costs

Connect with Skift

LinkedIn: https://www.linkedin.com/company/skift/

X: https://twitter.com/skift

Facebook: https://facebook.com/skiftnews

Instagram: https://www.instagram.com/skiftnews/

WhatsApp: https://whatsapp.com/channel/0029VaAL375LikgIXmNPYQ0L/

Subscribe to @SkiftNews and never miss an update from the travel industry.

  continue reading

917集单集

Artwork
icon分享
 
Manage episode 446299154 series 3470145
内容由Skift提供。所有播客内容(包括剧集、图形和播客描述)均由 Skift 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

Episode Notes

The growth of U.S. vacation rental and short-term rental supply has been slowing down, a trend that will likely continue next year, reports Senior Hospitality Editor Sean O’Neill.

Vacation rental and short-term rental supply in the U.S. has grown 10% in 2024 from last year, according to analytics firm Key Data. However, that’s down from 20% two years ago. Key Data said one factor for the supply deceleration is a shortage of housing.

Analysts at Truist Securities said that supply growth may continue to slow as some units become long-term rentals and migrant-focused corporate housing.

Next, Saudi Arabia is targeting Chinese travelers as part of its strategy to attract 150 million tourists by 2030, writes Editor-in-Chief Sarah Kopit.

Tourism Minister Ahmed Al Khateeb said in an interview with Skift that the kingdom believes it can attract 20-25% of the Chinese tourists who take mid-to-long-haul flights, often to Europe and the Middle East. It’s a “huge market,” he said, with an interest in traveling for culture and heritage.

Al Khateeb added Saudi Arabia has been actively promoting itself in China, including organizing a Saudi Travel Festival in Beijing recently.

Finally, travelers are largely aware of the importance of sustainability. But there’s a gap between awareness and action, according to a new survey, writes Asia Editor Peden Doma Bhutia.

Trip.com’s Sustainable Travel Consumer Report found that 92% of travelers acknowledge the importance of sustainable travel. However, a little less than 57% of respondents said they practice sustainable travel. A major reason for the relative lack of action is general uncertainty about the concept, according to the survey. The divide is more apparent when it comes to paying extra for sustainable travel options, especially when it comes at a time of economic challenge and soaring living costs

Connect with Skift

LinkedIn: https://www.linkedin.com/company/skift/

X: https://twitter.com/skift

Facebook: https://facebook.com/skiftnews

Instagram: https://www.instagram.com/skiftnews/

WhatsApp: https://whatsapp.com/channel/0029VaAL375LikgIXmNPYQ0L/

Subscribe to @SkiftNews and never miss an update from the travel industry.

  continue reading

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