This data sheet provides quick and easy access to updated China travel market sizing data and projections from 2019-2025, including online and total markets, segments and key distribution channels.

Analysts: Gary Bowerman, Coney DongreTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, RailRegion: Asia PacificResearch Type: Market Data Sheet

Read More

While 2021 presented some challenges for all travel markets, the Middle East region has been adaptive. Through changing pandemic restrictions and fluctuating demand, the region saw improvements in gross bookings for 2021, at 34% growth from 2020. A return to pre-pandemic levels may occur in some segments by 2023, with overall market recovery anticipated by 2025. Recent growth has been predominantly driven by domestic and intra-regional trips. International travel began reopening in 2021, with an emphasis on strict health and safety measures. This report provides market sizing, projections and key segment analysis for the Middle East travel industry through 2025.

Analyst: Shadi KaddouraTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel AgenciesRegion: Middle East & AfricaResearch Type: Report

Read More

This data sheet provides quick and easy access to updated Middle East travel market sizing data and projections from 2019-2025, including online and total markets, segments, and key distribution channels.

Analysts: Shadi Kaddoura, Coney DongreTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel AgenciesRegion: Middle East & AfricaResearch Type: Market Data Sheet

Read More

Phocuswright has tracked the digital travel startup landscape for well over a decade, and innovation in the travel industry has flourished during this period. Though a significant comeback is underway – with record funding recorded – questions remain about the stability of the upswing. Leveraging Phocuswright’s proprietary interactive database of travel startups, this updated report presents a comprehensive assessment and outlook for travel startups in today’s challenging environment. 

Analyst: Michael ColettaTopic: Technology InnovationSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Tours & PackagesRegions: Asia Pacific, Europe, Latin America, Middle East & Africa, U.S. & CanadaResearch Type: Report

Read More

This data sheet provides quick and easy access to Latin America travel market sizing data and projections from 2019-2025, including online and total markets, segments, and key distribution channels.

Analysts: Carolina Sass de Haro, Coney DongreTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Tours & PackagesRegion: Latin AmericaResearch Type: Market Data Sheet

Read More

When COVID lockdowns receded in early 2021, it was expected that frustrated travelers would return with a vengeance. What was unforeseen, however, was a spike in demand so rapid it would nearly break the travel ecosystem. As it turns out, ramping up a $1.4 trillion industry (as of 2019) from a near standstill is no easy task. Planes were grounded, hotels shuttered, cruise ships docked. But the pains of restarting hit travel’s most important asset the most: its people. More vital than ever before, various tech developments and enhancements may end up saving the day. This article discusses some of the main challenges faced by the air and hotel segments in restarting and revamping their industries, while balancing the conflicting challenges stemming from high demand, skyrocketing prices and an unprecedented shortage of available workers.

Analyst: Lorraine SileoTopics: Technology Innovation, Destination & Activities MarketingSegments: Air, Hotels & LodgingResearch Type: Article

Read More

With incredible variability, the Latin America travel market began recovery in 2021. The region has been on the upswing and the future appears promising. After losing more than half of its value in 2020, the region recuperated a healthy 51% to $35.2 billion in 2021. Local, domestic leisure travel buoyed the industry in most nations. A return to pre-pandemic gross bookings is anticipated by 2023, with the reopening of many destinations and upcoming elections boosting future prospects. International travel was varied in 2021, with each nation taking its own strategic maneuvers to balance economic and health concerns. This report provides market sizing, projections and key segment analysis for the Latin America travel industry through 2025, with a focus on Mexico, Brazil, Colombia, Chile and Argentina. 

Analysts: Carolina Sass de Haro, Karen BurkaTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Tours & PackagesRegion: Latin AmericaResearch Type: Report

Read More

Renewed drive for increased efficiency and a simplified, secure user experience as demands for the travel industry warrants a focus on fintech. Broadly defined as software applications that involve financial services such as payments, loans, settlement and insurance, employment of big data fintech solutions can solve problems in ways previously impossible. Within the travel industry, fintech generally concerns reducing processing costs, provide traveler flexibility or minimizing friction in expense reimbursement for business travelers. Pandemic-driven demand has highlighted the need simplifying booking/rebooking and payment processes for both business and leisure travelers. The potential for growth within the industry is high, if tech solutions are properly understood and applied appropriately.

Analyst: Norm RoseTopic: Technology InnovationRegion: U.S. & CanadaResearch Type: Article

Read More

China, the world’s second-largest travel market, has suffered severely since the original outbreak and subsequent waves of COVID-19 infections. After plummeting 33% in 2020, the country’s travel market saw the beginnings of domestic recovery in 2021, with a 66% rebound. Still, China’s stringent Zero COVID policy, regional lockdowns and near-total shutdown of international travel have inhibited a bounce back on par with European and North American counterparts. While many are eager to return to travel, the China market is not anticipated to return to pre-pandemic levels before 2024, with mass digitization efforts driving new sales. This report provides a comprehensive view of the China travel market, including detailed market sizing and projections, distribution trends, analysis of major travel segments, key developments and more.

Analyst: Gary BowermanTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Rail, Traditional Agencies & TMCsRegion: Asia PacificResearch Type: Report

Read More

In spite of the travel restrictions associated with the pandemic, there remain tourism hotspots where excess visitation continues to burden local infrastructure, historic landmarks and natural resources. As the travel rebound continues, destination stewards are balancing tourism dependence with the need to forge a better way forward by targeting higher-spend visitors and dispersing tourism demand. Data and technology provide key tools for influencing travel demand. This article provides an overview of how destinations and attractions are using data to understand travel patterns and influence traveler behavior.

Analyst: Cathy WalshTopics: Destination & Activities Marketing, Mobile, Technology InnovationRegions: Europe, U.S. & CanadaResearch Type: Article

Read More