Transportation Transformation: Implications for the Travel Industry

Summary

Transportation and travel. Travel and transportation. For obvious reasons, the two cannot be treated as mutually exclusive. Both are being transformed by ever-hastening technological advances, and though the naysayers dismiss the likelihood of total disruption, one has only to look at other technological leapfrog moments: the Ford Model T, Southwest Airlines, Apple’s iPhone, Uber. In each of these instances, mass adoption occurred because of a disruptor, and once that disruptor entered the market, adoption took place in fewer than 10 years. History is about to repeat, and it will once again involve how people get around. Many predict this change will be the most transformative one in transportation for the next 100 years. This analysis will explore various aspects and implications of this transformation on the travel industry.