FAQ
How will the Fashion Industry change by 2022?
We expect that the fashion industry will continue its growth path in 2022. But as we've seen recently, the pace of change is accelerating.
Technology is changing everything, from the way we communicate to how our travel and how we purchase products to how content is consumed.
And it's only getting faster. We predict artificial intelligence (AI), will be used for almost every aspect in life by 2022.
From personal assistants like Alexa and Siri to self-driving cars and smart homes. AI will transform industries across the board, including fashion. It will enable designers and consumers to design beautiful clothes through 3D printing.
What are consumers buying post-pandemic in 2022?
Consumers will continue to buy products that help them live healthier lives and protect themselves from illness. This includes food products such as snacks, drinks and pet foods.
They also tend to spend more money on health insurance, which is expected to increase by 10% per year for the next decade.
The biggest change we expect is an increased focus on wellness and prevention. Products that promote healthy lifestyles, and prevent disease will be sought after by consumers.
This means buying products that will help us sleep better, reduce stress levels, and keep hair and skin young.
Shopping will spend more on preventative care because healthy living will be even more important in the face of the pandemic.
How will consumer habits change after COVID-19?
We all know that consumers are not buying as much right now. It doesn't necessarily mean that they won’t want to spend more on themselves in the future.
So if you plan on going shopping, now would be a good time to hit up your favorite stores. You may even find yourself enjoying shopping more than ever before.
While there may be less people at malls than you would like, you still have plenty of options. Remember to be safe and follow the social distancing guidelines.
Also, remember to wash your hands regularly. This simple step can help to prevent the spread and spread of coronavirus.
Now that we've seen some trends that will influence retail's future, let us take a closer glance at what's on the horizon.
Statistics
- 55% of respondents agree they want to book a once-in-a-lifetime vacation in 2022. (americanexpress.com)
- As experts quabble over the official call, most consumers are already experiencing economic uncertainty: 52% say their household income is unstable, up 36% from three months ago, and 73% have either reduced or maintained their overall spending levels. (junglescout.com)
- While 19% of respondents state they didn't travel in the past two years, other families' favorite experiences included: domestic travel (19%), beach resorts (12%), road trips (11%), international travel (10%), staycations (7%), camping (6%), and more.1 (americanexpress.com)
- and what they are traveling for, with 78% of respondents wanting to impact the community they visit positively.1 Eating & Shopping at Small businesses (americanexpress.com)
- The percentage of shoppers likely or somewhat likely to purchase top social platforms increased across the board in the third quarter of 2022 compared to the second, with TikTok seeing the largest jump. (junglescout.com)
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Which Places Will Most Travelers Go in Summer 2023 (and Why?
We expect that summer 2023 will see more travelers travel to destinations with lower prices than last year. There are some surprises.
Egypt is the top tourist destination in the summer 2023. It is experiencing a boom in tourism. This could be due to its stunning scenery and rich cultural heritage.
Another surprising trend is that visitors are moving away from Europe. While Europeans travel to Asia, North America and Australia, Americans prefer Canada and Mexico. These two countries offer great value for money and beautiful natural landscapes.
But it's not all bad news. The world's most expensive places are not surprising. We expect them to remain the same.
These places attract fewer tourists overall, even though they are more popular than the average tourist.
We expect that Switzerland will have fewer than 50 million international tourists by the summer 2023. A decline is partly due to the recent terror attacks that made the country feel unsafe.
This is a significant change from the past ten year. An estimated 150 million international tourists visited Switzerland in 2003.
Even though the Swiss government has made great efforts to reverse this trend they may not be able to make the country recover without making changes.
For example, they could encourage foreign workers to emigrate instead of taking jobs away from residents.
Or, they could increase taxes for luxury goods like private jets or yachts.
Or they could lower prices so people can afford to travel to Switzerland.
There are many ways to improve the situation.
If you are looking to travel abroad, book your flight now and take advantage of the 2020 Coronavirus Crisis!