3Digital technology advancements and digital disruption
Game-changing opportunities and existential threats
Introduction
Although traditionally a physical industry, the hospitality and leisure industry has started to experience growing digital disruption. To date, this disruption has manifested itself as the introduction of new competitors like home-sharing platforms (e.g. Airbnb1 and Vrbo), online travel agencies or OTAs (e.g. Expedia, Priceline, Booking.com, Skyscanner), hotel comparison/customer feedback platforms (e.g. TripAdvisor, Google Reviews, Facebook Reviews), and food delivery platforms (e.g. Uber Eats). Digital disruption is driven by digital technology advancements and results in both existential threats and game-changing opportunities. ...