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SPACs and the future of travel investing

SPACs and the future of travel investing

November 2021

In the fourth quarter of 2020, the travel industry witnessed a frenzy of businesses planning to go public via special purpose acquisition companies (SPACs).

Technology Computer Cells

The decentralized computing future of travel

November 2021

From a broad perspective, decentralized computing - and especially the implementation of smart contracts - brings a new level of transparency to the travel industry.

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Travel still tops the priority list for U.K. consumers

November 2021

For U.K. consumers, travel remains coveted, even in a tumultuous year when it was often unattainable.

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10 things to know about the short-term rental traveler

October 2021

Ahead of the publication of Phocuswright's fifth comprehensive research study on the short-term rental segment, here are 10 things to know about the short-term rental traveler, including who they are, their unique perspectives and lodging consideration sets.

Person in front of train

Where Gen Z likes to travel and stay

October 2021

Understanding Gen Z's unique spend patterns, planning preferences, travel interests and trip types allows companies to adapt their approach to this audience accordingly. Discover where they like to travel and stay.

Person typing on laptop

Big tech regulation and travel

October 2021

Calls to regulate Big Tech players including Alphabet (Google), Apple, Facebook and Amazon - as well as Chinese powerhouses like Alibaba and Tencent - have grown continually louder, especially after last week's hours-long outage of Facebook products, including global communication tool WhatsApp and Instagram. The current regulatory frenzy could impact the travel industry in several ways.

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7 in 10 travelers prioritize flexible booking

October 2021

Buying travel that has lenient cancellation, rebooking or refund policies is considered more important now than in pre-COVID days. However, most feel the burden should fall to travel companies. Travel companies are expected to maintain high standards of service, including in their policies regarding trip changes.

person in mask with luggage

Travel expected vs. booked

September 2021

As the world continues to navigate the pandemic, leisure travel is still sought after and valued by a plurality of travelers with age demographics playing a significant role in how travelers will proceed. Here’s a snapshot of consumer travel products expected in 2021 vs. booked in 2019/2020.

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Rebuilding growth is a priority, but so too is reviving SE Asia's pre-pandemic dynamism

September 2021

In the immediate future, a regional travel recovery will hinge on the interplay of three factors: the trajectory of the Delta variant, speed of national vaccination programs and shifts in government border policies. In August 2021, Singapore signaled its intention to gradually ease border restrictions with selected 'low-risk' countries. Other governments in the region are expected follow its lead...

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5 APAC market developments to know

September 2021

Strong brands, superior customer experience, increased suppliers' reliance on intermediaries, customers' inclination to use OTAs, and traditional agency business transition to online channels acted as a tailwind for OTAs growth. Here are 5 developments to keep your eye on.

russian city building tops

5 key developments in the Russia travel market

September 2021

Whether using online or offline distribution channels, Russians are rediscovering the tourism gems that their homeland offers, despite the pandemic restrictions. These types of in-country trips will fuel revenue increases for Russia's airlines, hotels, railways and tour operators in 2021.   Here are 5 key trends and developments in the Russia travel market.

three girls walking down street

3 key behaviors of Gen Z travelers

September 2021

Gen Z (born 1997-2003) is the youngest generation to come of age and contribute to overall travel spend. In contrast to their predecessors, these younger travelers are digital natives with an intuitive knack for all technologies that will help them reach their goals. Their booking behaviors align with their generational desires for flexibility and budget-consciousness.

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OTAs vs. Supplier-direct bookings in Eastern Europe

August 2021

While case counts fluctuate in mid-2021 and vaccine hesitancy persists, regional and domestic travel are the main lifeline for the industry. Recovery is taking foot, but unrolling slowly. In most segments, online penetration is rising, with particularly high mobile search use.

5 charts startup funding

5 charts in 5 minutes: The current state of funding for travel startups

August 2021

Pete Comeau, managing director, Phocuswright, shares 5 charts that illustrate the current state of the travel startup market: Funding by verticals, horizontals, funding annual change and more.

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5 new developments on the business side of NDC

August 2021

The debate continues surrounding the utility and economic feasibility of New Distribution Capability (NDC). The XML standard launched by IATA clearly solves certain issues, while not totally addressing a few technology gaps. Recent partnerships between airlines, GDSs and OBTs reveal economic-oriented objectives, but simultaneously pose some concerns regarding financial feasibility and technological...

How travelers will lead us into recovery in 5 charts

How travelers will lead us into recovery in 5 charts

August 2021

A lens into what recovery looks like.

city lights at night

A snapshot of airlines, hotels & lodging, rail and car rental in China

July 2021

Domestic travel demand in 2021 will approach 2019 levels, enabling 54% growth that would push total travel bookings to US$127 billion. We've outlined key trends and data for four major segments in China’s travel market.

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Profile of a loyalty member

July 2021

Loyalty members enjoy special treatment from brands and appreciate a streamlined experience of knowing their favorite providers will serve them well, time and time again. That loyalty, however, is conditional on travel companies continuing to fulfill their customers' needs.

couple laying on sand

OTA bookings projected to climb 55% in Europe

July 2021

Demand for leisure travel will escalate quickly, and OTAs are primed for a strong recovery. In 2021, OTA bookings are projected to climb 55%, with more modest (yet still double-digit) gains in subsequent years.

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The top resources used for activity research

July 2021

Here's a look at the top websites and resources used for activity research by U.S. travelers, with a highlight on differences by age.

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A snapshot of consumer behavior and sentiment

June 2021

In 2020, those who did opt to travel planned their trips differently. With a longer research stage and more all-online bookings, U.S. consumers made significant changes to their shopping behaviors.

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5 things to know about products and purchase habits of U.S. travelers in 1 minute

June 2021

More than three in five travelers plan to take a trip in 2021, as the impact of the pandemic eases.

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Health changes that would increase comfort of traveling according to U.S. consumers

June 2021

According to U.S. travelers, health and safety-related points were the most cited factors for increasing comfort in traveling again.

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Two key developments in Japan's travel market

June 2021

Consumer confidence, international border reopening and vaccination timelines will determine the progress of travel market recovery in Japan. Two key developments in this travel market revolve around airlines and dynamic packaging.

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5 things to know about U.S. traveler intentions in 2021 in 1 minute

June 2021

2021 paints a polarized picture, featuring both hesitancy and a strong desire to resume travel. The impact of the coronavirus pandemic affects all travel segments and traveler demographics, but in distinct ways.

touchless technology

Three important questions on touchless tech

May 2021

Many industry sectors have already implemented touchless technology, but important questions remain around how the industry is progressing.  

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5 things to know about the Middle East travel market in 1 minute

May 2021

Though the total Middle East travel market declined 64% to US$29.5 billion in 2020, key markets in the region are showing clear signs of recovery, and are projected to gradually return to pre-pandemic levels over the next four years. Here are 5 things to know in less than 1 minute. 

phocuswright trend watch part 3 digitization

Phocuswright trend watch part 3: Digitization is a must for recovery in one minute

May 2021

This one-minute video highlights four key dimensions in which change is taking place: business model, business process, organizational structure and business scope.

man hiking in front of lake

The cause of major channel shifts in Canada

May 2021

In Canada, major channel shifts will continue through 2024 as online bookings expand. Momentum for airlines will give the supplier-direct online channel a projected 35% share of total gross bookings versus 29% in 2020.

4 key findings of the U.S. corporate travel market in less than 1 minute

4 key findings of the U.S. corporate travel market in less than 1 minute

April 2021

4 key findings around market size, policy & compliance, recovery expectations and priorities of travel managers.

credit cards on a table

Earning points and loyalty: Branded vs. redemption credit cards

April 2021

Though consumer adoption is high, one of the inherent hurdles of loyalty programs is the infrequency of travel in a year, limiting travelers' opportunities to earn points and perks. Travelers have turned to travel credit cards to be rewarded for their purchases (more regularly, and not just on travel spend) and access travel benefits. Continue reading for top factors when deciding on card and...

business people walking

How corporate travel will develop in the years to come

April 2021

The corporate recovery will begin slowly, with gross bookings growing just 10% in 2021. Growth will accelerate the following year, and the corporate market is expected to grow to $121 billion by 2024.

earth from space

Unique online dynamics in China's travel market

April 2021

China is unique among the world's travel markets in that (among other factors) it took a major leap from offline to mobile and Google plays almost no role in travel discovery and shopping. Here's why China's online distribution has matured faster than other travel markets. 

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7 principles for a standard health passport: Can travel get it right?

April 2021

Several health passport design principles are emerging and initiatives should agree upon these 7 consolidated standards during development.

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5 numbers to remember about the China travel market in 1 minute

April 2021

In less than 1 minute, we present 5 critical numbers that we’ve dug out of our latest research report China Travel Market Report 2020-2024.

State of the segments: U.S. travel market in 1 minute

State of the segments: U.S. travel market in 1 minute

April 2021

A quick look at the state of 7 segments: airlines, hotel & lodging, cruise, car rental, packaged travel, rail and OTAs – including projections and current developments.

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4 big picture key findings in less than 3 minutes on the U.S. travel market

April 2021

These are 4 big picture key findings from Phocuswright's latest travel research report: U.S. Travel Market Report 2020-2024.

Trend watch part 2: The post-pandemic future of travel in 1 minute

Trend watch part 2: The post-pandemic future of travel in 1 minute

March 2021

4 global travel trends to watch out for as travel resumes.

5 charts in 3 minutes: APAC region

5 charts in 3 minutes: APAC region

March 2021

Phocuswright's managing director Pete Comeau presents 5 charts in 3 minutes about the APAC travel market, including recovery projections for China and Australia-New Zealand and air search trends by country.

Trend watch part 1: The post-pandemic future of travel in 1 minute

Trend watch part 1: The post-pandemic future of travel in 1 minute

March 2021

4 global travel trends to watch out for as travel resumes.

5 numbers to remember for the Italy travel market in 1 minute

5 numbers to remember for the Italy travel market in 1 minute

March 2021

5 important numbers/figures to remember for the Italy travel market, as it looks ahead to recovery.

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A snapshot of the entire Latin America travel market in 1 infographic

March 2021

Gross bookings in Latin America, which rose 3% to $57.4 billion in 2019, have plunged to 62% in 2020.  One positive trend across the travel market is the continued growth of online distribution. We've taken the key&...

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3 minute overview of the Latin America travel market recovery

March 2021

In 3 minutes, learn what recovery will look like for the LATAM travel market, what governments are doing to support the recovery and projections of annual growth through 2024.

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5 reasons for optimism in the U.S. hotel & lodging market in 1 minute

February 2021

Here are 5 reasons for optimism in the U.S. hotel and lodging market in 1 minute.

5 things to know about the Germany travel market in 1 minute

5 things to know about the Germany travel market in 1 minute

February 2021

5 things to know about the Germany travel market from Phocuswright's latest research Germany Travel Market Report 2020-2024.

5-things-to-know-about-the-france-travel-market

5 things to know about the France travel market in 1 minute

February 2021

5 things to know about the France travel market in 1 minute from Phocuswright's research report: France Travel Market 2020-2024

5 things to know about the U.S. OTA market in 1 minute

5 things to know about the U.S. OTA market in 1 minute

February 2021

5 things to know about the U.S. OTA market in 1 minute.

5-things-to-know-about-the-scandinavia-travel-market

5 things to know about the Scandinavia travel market in 1 minute

February 2021

5 things to know about the Scandinavia travel market from Phocuswright's latest travel research report: Scandinavia Travel Market Report 2020-2024. Now available.

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6 significant tech and distribution trends for 2021 in under 2 minutes

February 2021

6 significant tech & distribution trends for 2021 in under 2 minutes

5-things-to-know-about-the-spain-travel-market

5 things to know about the Spain travel market in 1 minute

February 2021

5 things to know about the Spain travel market from Phocuswright's latest travel research report: Spain Travel Market Report 2020-2024. Now available.