In 2023, the Scandinavian travel industry exhibited recovery with overall gross bookings growing by 16% year over year, highlighting travelers' renewed enthusiasm and a rebound in air capacity. The industry is poised to outpace pre-pandemic revenue levels in 2024, with online transactions leading the charge. As in much of Western Europe, economic conditions and sustainability considerations will also play a role in shaping the Scandinavian travel market in the medium term.

Analysts: Ralph Merten, Cathy WalshTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Rail, Short-Term RentalRegion: EuropeResearch Type: Report

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In the travel industry, the quest to "own the customer" through the collection of detailed profile and preference data is coming to a head with the dual rise of self-sovereign identity (SSI) and biometrics. If adopted broadly and implemented correctly, SSI can empower travelers to control their personal data, ushering in a new era of personalized and frictionless travel, coupled with lowered fraud risks. Inevitably, digital IDs and biometrics will play a critical role in the transformation. Further combined efforts of the public and private sectors are required to pave the way for seamless travel experiences. Part of a content series that explores some of the most significant technology-driven trends that will influence travel distribution in 2024 and beyond, this article answers the following key questions regarding the importance and evolution of SSI in travel:How can digital identities and self-sovereign identity (SSI) paired with biometrics remove friction from the travel process and enhance personalization for travelers?What are the main drivers behind the acceptance and adoption of digital identities and biometrics within the travel industry, and what role do governments and private sectors play in this transition?In what ways are companies within the travel sector experimenting with and implementing SSI, biometrics, and blockchain to create more seamless and personalized travel experiences?How does the current landscape and future potential of digital identity and biometrics indicate a transformation in how travel services are provided and experienced? 

Analyst: Norm RoseTopic: Technology InnovationSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel AgenciesRegions: Europe, U.S. & CanadaResearch Type: Article

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France's travel sector witnessed solid growth in 2023, climbing by 12% to over €55 billion, predominantly driven by the resurgence of international travel alongside strong domestic demand. The 2024 Paris Olympics will temporarily amplify gross bookings on all fronts, particularly for air and hotel. Looking ahead to 2027, the travel market is anticipated to stabilize, featuring moderate growth through the remainder of the forecast period.

Analysts: Peter O'Connor, Cathy WalshTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Rail, Short-Term RentalRegion: EuropeResearch Type: Report

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Emerging technologies have undoubtedly revolutionized many industries, yet the travel industry has not fully unleashed all their potentials. This article explores a critical juncture in travel, discussing why some technologies which have received a lot of publicity remain underappreciated within the industry.  

Analysts: Markus Schreyer, Michael ColettaTopic: Technology InnovationSegments: Hotels & Lodging, Online Travel AgenciesRegions: Europe, U.S. & CanadaResearch Type: Article

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In 2023, the U.K. travel market experienced significant growth, with gross bookings increasing 19%, driven by robust expansion in online bookings, mobile transactions, and key sectors like airlines and car rentals. Though challenges like inflation are affecting various segments, the industry is on a positive trajectory, with projections indicating continued growth and technological advancements shaping the future of travel in the U.K. through 2027.

Analysts: Dirk Rogl, Cathy WalshTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Rail, Tours & PackagesRegion: EuropeResearch Type: Report

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Travel demand remained strong as ever for the European market in 2023. Achieving an impressive 20% year-over-year growth, the market surpassed 2019 gross bookings. However, persistent inflation and economic uncertainties present continuous challenges, influencing future growth. Meanwhile, adoption of technological innovations and sustainability measures is accelerating, affecting European travel landscape in the years ahead. This report series features six key markets comprise the Europe travel market: France, Germany, Italy, Scandinavia, Spain and the U.K. Collectively, the series provides comprehensive market sizing and projections for the European travel industry from 2019-2026.

Analysts: Ralph Merten, Cathy Walsh, Dirk Rogl, Fabian Gonzalez, Karen Burka, Peter O'Connor, Stanislas FeminierTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Rail, Tours & PackagesRegion: EuropeResearch Type: Report

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This data sheet provides comprehensive market sizing and projections for the Asia Pacific travel industry from 2019-2026, including analysis of key segments, country-level share and trends, distribution dynamics and more.

Analyst: Coney DongreTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel AgenciesRegion: Asia PacificResearch Type: Market Data Sheet

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This report provides comprehensive market sizing and projections for the India travel industry from 2019-2026, including analysis of key segments, country-level share and trends, distribution dynamics and more.

Analyst: Coney DongreTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, RailRegion: Asia PacificResearch Type: Report

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Each year, Phocuswright publishes a content series that identifies the most significant innovation trends in travel technology and distribution for the upcoming year and beyond. This year we again incorporate the views of our analyst team, who contribute a range of perspectives and expertise. This report features brief introductions to the in-depth discussions that will be explored throughout the year.

Analysts: Michael Coletta, Cathy Walsh, Markus Schreyer, Lorraine Sileo, Norm RoseTopic: Technology InnovationSegments: Air, Hotels & Lodging, Online Travel Agencies, Traditional Agencies & TMCsRegions: Asia Pacific, Europe, U.S. & CanadaResearch Type: Report

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Access Phocal Point to compare the most recent data on the global short-term rental market across major regions and channels. Data is presented in a visually interactive, customizable format, and can be exported on demand.

Analysts: Michael Coletta, Stan PawlowTopic: Market Overview & SizingSegments: Hotels & Lodging, Short-Term RentalRegions: Asia Pacific, Europe, Latin America, Middle East & Africa, U.S. & CanadaResearch Type: Interactive Charts

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