Driven by high Internet and smartphone penetration, improving technology infrastructure and a young population with an appetite for travel, the Middle East travel market is well positioned for strong growth over the next five years. This report provides sizing and analysis of the online and total leisure travel markets in the Middle East, as well as regional projections through 2021, including distribution dynamics, core country markets and more.Analysts: Cristina Polo, Karen Burka, Shadi KaddouraTopics: Market Overview & Sizing, MobileSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel AgenciesRegion: Middle East & AfricaResearch Type: Report
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When Apple introduced their first smartphone in 2007, the main function was to make phone calls. Ten years later, adoption of smartphones, with their many capabilities, has skyrocketed. Among U.S. travelers, smartphone adoption happened even faster than with the general population. As early users, travelers embraced the opportunity to shift travel tasks from their desktop to their smartphones.Analyst: Mark BlutsteinTopics: Mobile, Technology InnovationRegion: U.S. & CanadaResearch Type: Report
The online travel arena became even more complex in 2017 as travel companies expanded their offerings and crossed traditional boundaries. Online travel agencies’ (OTAs) competition no longer comes just in the form of other traditional OTAs and suppliers, but also as metasearch platforms, private accommodation aggregators, mobile-only apps and newer platforms hoping to carve a niche for themselves.Analyst: Alice JongTopic: Market Overview & SizingSegment: Online Travel AgenciesRegion: U.S. & CanadaResearch Type: Report
The U.S. hotel industry remains healthy, reaping the benefits of stronger economic growth and increased demand. Good fortune should continue, as forecasters predict record occupancy for U.S. hotels to last throughout the decade. However, a series of challenges continues to stall growth in average daily rate (ADR), such as increased supply, the impact of discounted loyalty rates and pressures from private accommodation.Analyst: Lorraine SileoTopics: Market Overview & Sizing, MobileSegment: Hotels & LodgingRegion: U.S. & CanadaResearch Type: Report
The U.S. car rental market grew just 1% in 2016, due in part to softness in business travel demand. Ride-hailing services may also be curtailing some demand in the segment, and this impact is likely to increase over the next few years. This report provides an overview of the U.S. car rental segment, including market sizing through 2021, distribution analysis, key players and trends.Analysts: Brandie Wright, Maggie RauchTopics: Mobile, Market Overview & SizingSegment: Car Rental & Ground TransportationRegion: U.S. & CanadaResearch Type: Report
At The Phocuswright Conference from November 14-17, 2017, the Phocuswright Innovation Platform events featured presentations from 34 travel innovators: 24 in Summit (for startups and emerging companies) and 10 in Launch (for established companies), predominantly from the U.S., Europe, China and India. They presented on Center Stage to an audience of up to 1,600 conference attendees as well as a global audience through the live stream.Analyst: Michael ColettaTopic: Technology InnovationRegions: Asia Pacific, U.S. & CanadaResearch Type: Report
Airbnb’s success story is one of idealism, disruption and stratospheric growth, and if the company’s founders have their way, the story may just be getting started. Over the past decade, the company has expanded from a single air mattress on the floor of the founders’ apartment to 4 million private accommodation listings in over 191 countries worldwide – giving Airbnb more supply than the number of rooms for the top five hotel chains combined. The company has been profitable since mid-2016 and, as of March 2017, had a valuation of $31 billion.Analyst: Cathy WalshTopic: Consumer TrendsSegment: Hotels & LodgingResearch Type: Report
The Asia Pacific (APAC) travel market continues to reap the benefits of a vibrant economy and ongoing infrastructure development supporting travel and tourism, and as a result APAC is now the world’s largest regional travel market. Across the region, travel has become a popular lifestyle choice among the growing middle and upper classes, and travel gross travel bookings are projected to register high single-digit annual growth from 2017 to 2021. This report presents findings on the Asia Pacific leisure travel market, with sizing and projections from 2015-2021.Analysts: Coney Dongre, Chetan Kapoor, Deepak Jain, Maggie RauchTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, RailRegion: Asia PacificResearch Type: Report
Buoyed by positive economic indicators and generally strong consumer confidence, the European travel market is projected to climb to an all-time high in 2017. Despite continued growth, key challenges could impact individual travel markets or the region overall in the coming years. This market sheet contains, in spreadsheet format, the sizing data published in Phocuswright's European Online Travel Overview Thirteenth Edition report, with quick and easy access to 2015-2021 data on key travel markets, segments and distribution channels.Analysts: Coney Dongre, David Juman, Ralph Merten, Friederike WinkowskiTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Rail, Tours & PackagesRegion: EuropeResearch Type: Report
China is among the world’s fastest-growing economies, and its travel market is projected to grow 9-11% annually for the next several years. This continued growth is being driven by more citizens joining the traveling class, improvements in transportation infrastructure, and suppliers and intermediaries tailoring their products to the Chinese traveler. This report provides market sizing, trends and analysis on the Chinese leisure travel market, with projections through 2021.Analysts: Maggie Rauch, Coney Dongre, Deepak JainTopic: Market Overview & SizingRegion: Asia PacificResearch Type: Report