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 extended 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, Robert Cole, Cathy Walsh, Hollis Thomases, Dmitry Koltunov, Adam Glickman, Lorraine Sileo, Norm RoseTopic: Technology InnovationSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel AgenciesRegions: Asia Pacific, Europe, U.S. & CanadaResearch Type: Report

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

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

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Tokenization is a well-established concept: For twenty years, traditional applications surrounded transaction security and sensitive data storage. Incorporating blockchain technologies have now taken the concept of tokenization into a new era. Utilizing tokens – which are representation of a particular asset or utility that live on a blockchain – allows for lowered costs all around and increased business opportunities. Addressed are short, medium, and long-term possibilities for a tokenized future that enables consumers to put forth their travel requirements and have increases supplier competition, transparency, and seamlessness in a secure fashion.

Analyst: Norm RoseTopics: Technology Innovation, Business TravelSegments: Air, Hotels & LodgingRegions: Asia Pacific, Europe, U.S. & CanadaResearch Type: Article

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The in-destination industry, which comprises day tours, activities, attractions and related leisure experiences, has endured significant change over the past several years. Travel experiences remain highly popular, but changing regulation, policy and consumer demands in challenging environments have reshaped the market. Recovery has been highly variable post-pandemic, with a range of factors painting a complex picture for returns to growth.

Analysts: Cathy Walsh, Marcello Gasdia, ArivalTopics: Destination & Activities Marketing, Consumer Trends, Market Overview & SizingSegments: Online Travel Agencies, Tours & PackagesRegions: Asia Pacific, Europe, Latin America, U.S. & CanadaResearch Type: Report

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This data sheet provides quick and easy access to updated Northeast Asia travel market (Hong Kong, Macau, South Korea, Taiwan) sizing data and projections from 2019-2025, including online and total markets, segments and key distribution channels.

Analyst: Gary BowermanTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, RailRegion: Asia PacificResearch Type: Market Data Sheet

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Phocuswright’s Global Short-Term Rentals 2022-2026 presents market sizing and projections for the global short-term rental (STR) market by distribution channel and region.

Analyst: Michael ColettaTopics: Market Overview & Sizing, Consumer TrendsSegments: Hotels & Lodging, Online Travel AgenciesRegions: Asia Pacific, Europe, U.S. & CanadaResearch Type: Report

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This data sheet provides quick and easy access to updated Southeast Asia travel market (Indonesia, Malaysia, Singapore, Thailand) sizing data and projections from 2019-2025, including online and total markets, segments and key distribution channels.

Analyst: Gary BowermanTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, RailRegion: Asia PacificResearch Type: Market Data Sheet

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Prior to the pandemic, the travel sector was rapidly growing in Southeast Asia, serving as a key part of the economy. After plummeting by nearly 72% in 2020 and another 42% in 2021, 2022 is anticipated to boast a 207% recovery. While strict lockdowns curtailed leisure travel throughout the pandemic, the reopening has proved promising for the region. Nevertheless, further recovery will be incremental, with gross bookings just shy of 2019 totals at the end of the forecast period.

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

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Autonomous vehicles are an example of a futuristic concept that everyone knows will become reality soon, but as of October 2022 has yet to emerge as a mainstream everyday option. Soon, multiple global trials will lead to increased autonomous vehicle usage and consumer awareness, impacting the in-destination experience in ways never before possible. Navigating the application of technologies, safety measures and practical deployments for these developments are all part of the self-driving equation. This article explores the emerging role autonomous vehicles will play in mobility and the new opportunities and challenges for the travel industry.

Analyst: Norm RoseTopic: Technology InnovationSegment: Car Rental & Ground TransportationRegions: Europe, U.S. & CanadaResearch Type: Article

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Due to the pandemic, quarantines and remote working policies became the norm, slashing corporate travel budgets. While the restart is well underway, a revamp and restructuring accompany the process. As business travel recovers from the turbulence of COVID-19, the next decade has the potential to be one that disrupts stagnant models and delivers on the promise of seamless, personalized travel for a wider array of company stakeholders. Leveraging Phocuswright’s proprietary interactive database of travel startups, this updated report presents a detailed assessment and outlook for corporate travel startups in the ever-shifting modern environment.

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

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