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      France Travel Market Report 2022-2026
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      France Travel Market Report 2022-2026
      Published: May 2023

      The France travel market burst into recovery mode in 2021 and continued the trend into 2022. High prices and steady demand contributed to the 42% year-over-year growth rate. Nevertheless, economic and political problems – mirroring those seen throughout Europe – will pose challenges that ultimately temper growth. Still, due in part to the 2024 Paris Olympic Games, the France travel market is projected to exceed pre-pandemic gross bookings that year. With growing digitization, online bookings will precede the overall market recovery, besting 2019 in 2023. Following the Games, gross bookings will decline slightly, with positive growth returning in 2026.

      Analysts: Peter O'Connor, Karen BurkaTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Rail, Tours & PackagesRegion: EuropeResearch Type: Report

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      Eastern Europe Travel Market Report 2022-2026
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      Eastern Europe Travel Market Report 2022-2026
      Published: May 2023

      The Eastern European travel market includes several key country markets: Russia, Poland, Ukraine, Bulgaria, Czechia (a.k.a. Czech Republic), Greece, Hungary, Romania and the Baltic Region. This report provides market sizing, projections and key segment analysis for the Eastern Europe travel industry through 2026. 

      Analysts: Krassi Simonski, Karen BurkaTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Rail, Tours & Packages, Traditional Agencies & TMCsRegion: EuropeResearch Type: Report

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      U.S. Hotel Market Report 2022-2026
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      U.S. Hotel Market Report 2022-2026
      Published: May 2023

      The U.S. hotel & lodging market did not just recover in 2022, it prospered. High demand lifted average daily rates (ADR) and occupancy, leading to a record-breaking year as room revenue swept past pre-pandemic highs. The segment exhibited a healthy 33% year-over-year growth in gross bookings and surpassed 2019 totals handily. Nevertheless, staffing issues and economic concerns continue plaguing the sector, and will pose further challenges in the short-to-medium term.

      Analyst: Lorraine SileoTopic: Market Overview & SizingSegment: Hotels & LodgingRegion: U.S. & CanadaResearch Type: Report

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      U.K. Travel Market Report 2022-2026
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      U.K. Travel Market Report 2022-2026
      Published: May 2023

      The U.K. continued its post-COVID recovery in 2022, with the reopening of international borders. The market exhibited phenomenal 127% year-over-year growth, due in tandem to a travel-hungry populace and inflation-fueled price surges. While gross bookings spiked, the number of travelers still lags, in part due to economic pressures. Featuring the second-highest online penetration globally, the country’s online gross bookings were at their highest proportion to date, and are expected to beat pre-pandemic totals in 2023. Meanwhile, the broader market will take until 2025 to surpass its earlier high. Through the remainder of the forecast period, growth will normalize as economic uncertainty may inhibit consumer purchasing power and the ability of suppliers and intermediaries to effectively execute their growth plans.

      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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      U.S. Packaged Travel Market Report 2022-2026
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      U.S. Packaged Travel Market Report 2022-2026
      Published: April 2023

      The packaged travel segment grew 29% in 2022, from $11.3 billion to $14.5 billion, continuing its recovery. The return of complex trips (and therefore, travel advisors) contributed to offline channel share rebounding more quickly. Higher trip spend and the reopening of international markets have driven the positive change, but challenges remain, largely in the form of economic and supply chain uncertainty. The segment’s growth will taper and stabilize through the forecast period, reflecting the broader market’s recovery pattern.

      Analyst: Michael ColettaTopic: Market Overview & SizingSegments: Tours & Packages, Traditional Agencies & TMCsRegion: U.S. & CanadaResearch Type: Report

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      Germany Travel Market Report 2022-2026
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      Germany Travel Market Report 2022-2026
      Published: April 2023

      It was a mixed recovery year for German travelers, and in turn for the Germany travel market. While 2022 featured 85% year-over-year growth and the elimination of travel restrictions, Germans felt considerable price pressure, largely driven by inflated utility costs stemming from the Russian invasion of Ukraine. Despite significant growth in several segments, full recovery is not expected until 2026. In light of the ubiquity of smartphone usage, online penetration and recovery precede that of the overall market, with 2022 online totals having matched 2019. Growth will be more measured throughout the remainder of the forecast period as the German market continues seeking broader economic stabilization.

      Analysts: Ralph Merten, 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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      Roundup: Web3 Is Proving Its Value in Travel
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      Roundup: Web3 Is Proving Its Value in Travel
      Published: April 2023

      Following a long buildup-and-hype period, 2023 is proving to be a pivotal year for Web3: These decentralized technologies are now delivering concrete, measurable value to the travel industry. Over the past several years, a diverse set of new Web3 companies have emerged, and many are already driving change in the travel space. Startups continue emerging, providing travelers with new capabilities and flexibilities while impacting overall cost of distribution and settlement for industry players.Part of a content series that explores some of the most significant technology-driven trends that will influence travel distribution in 2023 and beyond, this article highlights 17 companies that are implementing Web3 technology, and focuses on:How these organizations are leveraging Web3Description of the specific value-add being provided to the travel industryAssessment of current progress, achievements and challengesOutlook for 2023 and beyond 

      Analyst: Norm RoseTopics: Technology Innovation, Business TravelSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel AgenciesRegions: Asia Pacific, Europe, U.S. & CanadaResearch Type: Article

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      U.S. Car Rental Market Report 2022-2026
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      U.S. Car Rental Market Report 2022-2026
      Published: April 2023

      By all available metrics, the U.S. car rental market exceeded expectations in 2022. Despite inventory, staffing and microchip shortages, the segment grew by 24% year-over-year. Daily rates rose to new highs, but given current supply chain constraints and lack of economic relief, the segment anticipates steady, tepid growth moving forward.

      Analysts: Michael Coletta, Madeline ListTopic: Market Overview & SizingSegment: Car Rental & Ground TransportationRegion: U.S. & CanadaResearch Type: Report

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      Spain Travel Market Report 2022-2026
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      Spain Travel Market Report 2022-2026
      Published: April 2023

      Spain’s tourism market performance in 2022 was about as good as could be expected. Amidst COVID recovery, the cloud of economic crisis and war breaking out in Europe, the 2022 gross bookings total represented roughly 70% of 2019 revenue. Despite the rebound, full recovery is not expected before 2026. Nevertheless, specific segments will bounce back sooner. Developments in the rail and hotel segments will be interesting to watch.

      Analysts: Fabian Gonzalez, 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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      Europe Travel Market Report 2022-2026
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      Europe Travel Market Report 2022-2026
      Published: June 2023

      The European travel market is still facing headwinds in its post-COVID recovery. Featuring nearly 69% year-over-year growth in 2022, the market nevertheless still came up short of 2019 totals. Rebuilding will continue through 2025, when 2019 totals will finally be surpassed and further growth is finally anticipated. The global return to cross-continental tourism is slated for 2023 and beyond, which will serve as a major recovery factor.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 WalshTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Rail, Tours & PackagesRegion: EuropeResearch Type: Report

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