Phocuswright Research Roundup 2Q26
A quarter of steady markets, shifting distribution and rising AI adoption
Research Roundup 2Q26
Phocuswright's second-quarter research spanned a full slate of market sizing, consumer behavior and regional deep dives. The Europe, U.S. and Asia Pacific series advanced across multiple markets, three new Online Travel Tracker briefings turned the lens on South Africa, wellness tourism and the Philippines, and two major consumer studies examined how travelers in Japan and across Europe are planning and booking their next trip.
Click any report title below to access the full report.
Consumer Trends
2 reportsJapan Consumer Travel Report 2026
Japan's leisure travel market is active and resilient, with nearly half of adults taking at least one trip in the past 12 months. While most travelers stay close to home and take short trips, a higher-value international segment travels more frequently, spends more and engages more deeply across digital channels. Cost pressures, particularly for millennials, create friction, but future intent remains strong, with 96% of travelers expecting to travel in the next 12 months.
New in 2026, this report is based on a comprehensive online survey of Japan-based travelers. It examines Japan consumers' trip-planning and purchasing behavior, including the role of digital and offline resources, and the growing influence of social media and AI on the planning process, as well as their expectations and goals for travel in the future.
Key questions answered by this report include:
- What does the average traveler look like? How many trips do they take per year, where do they go, with whom, for how long and how much do they spend?
- What resources do travelers use to research, plan and book their trips?
- How do preferences differ across age groups?
- How do domestic-only and international travelers in Japan differ in their preferences and booking decisions?
- What influences the decisions travelers make about various elements (e.g., air, hotel and activities) of their trips?
- What role do social media and other emerging technologies play in consumers' travel planning activities?
- What is the sentiment toward future travel? What changes, if any, do travelers intend to make regarding their future travel?
Europe Consumer Travel Report 2026
Europe's leisure travel market remains resilient, but traveler behavior across the U.K., France and Germany is becoming more uneven as cost sensitivity rises and long-haul sentiment softens. Planning and booking continue to shift online, with OTAs strengthening their role in research and AI gaining traction as a tool for destination choice, trip planning and in-destination support.
This report is based on an online survey fielded in April 2026 among leisure travelers in the U.K., France and Germany who had taken at least one overnight trip in the past 12 months and played an active role in planning and booking it. It examines how travelers research, choose and book trips, including the roles of digital and offline resources, social media, AI, digital identity and geopolitics in shaping travel behavior and future intent.
Key questions answered by this report include:
- What does the average traveler in the U.K., France and Germany look like? How many trips do they take per year, where do they go, for how long, with whom and how much do they spend?
- How are travel behaviors changing across these three markets, and what differences stand out by country?
- What resources do travelers use to research, plan and book their trips, and how are OTAs, general search, social media and AI influencing those decisions?
- What factors matter most when travelers choose destinations, accommodations, flights, packages and in-destination activities?
- How do booking behaviors differ across major trip components such as air, hotel, car rental and packaged travel?
- How do travelers view digital identity tools, and what benefits or barriers do they associate with their use in travel?
- How are geopolitical concerns affecting travel sentiment, especially for long-haul and U.S.-bound travel?
- What is the outlook for future leisure travel, and what changes, if any, do travelers expect to make to trip frequency, spending, trip length and travel class?
Free Research Insights article: OTAs lead, AI rises and travelers research less: New findings from three key European markets
Online Travel Tracker
3 reportsOnline Travel Tracker: South African Spectrum
South Africa is a market of contrasts: a youthful, mobile-first population and improving payments infrastructure sit alongside persistent constraints around infrastructure reliability, cost pressure and perceptions of safety. On the demand side, a widening "volume-value" gap in domestic travel and a resilient inbound base is driven heavily by regional visitors, even as long-haul recovery remains uneven. Layered on top are emerging AI signals, from tourism-board assistants to growing traveler adoption, alongside regulatory and trust considerations that will shape how quickly digital transformation can translate into durable growth.
This third installment of the Online Travel Tracker looks at how those realities shape travel demand and investment, with a focus on how government reform programs and major infrastructure upgrades across airports, rail and digital systems could influence mobility and tourism growth. It also maps the role of large, tourism-linked conglomerates that span aviation services, tour operations, lodging and corporate travel, creating powerful ecosystems across the value chain.
Get the full reportFree Research Insights article: South Africa's tourism reset: Infrastructure, fintech and regional strength set the stage for growth
Online Travel Tracker: The Wellness Stack
Wellness tourism has moved from niche to a strategic growth category, and that shift is at the center of this fourth edition of the Online Travel Tracker. This edition turns to wellness, a segment growing rapidly in both scale and strategic importance, with global wellness tourism projected to reach $1.4 trillion by 2029.
The report explores how wellness is taking shape across Asia Pacific and the broader APMEA region through a mix of consumer demand, destination strategy and private sector investment. It traces the rise of both technical, medicalized "hardcare" offerings and more human-centered "softcare" experiences, while also highlighting how many APAC countries are building wellness into tourism policy, infrastructure and brand positioning. It also maps the role of hotels, resorts, startups and OTAs in bringing wellness further into the online travel ecosystem.
Get the full reportFree Research Insights article: Wellness tourism hits $894B and the real growth is still ahead
Online Travel Tracker: Philippines in Focus
The Philippines takes center stage in this fifth edition of the Online Travel Tracker: an archipelago of 7,641 islands, a fast-growing digital economy and a travel sector navigating both significant structural challenges and compelling growth opportunities.
The report examines the Philippines across four dimensions: its foundational backbone (demographics, policy, infrastructure and digital readiness), domestic and international tourism flows, the competitive online travel landscape, and the challenges and opportunities ahead. It looks at how conglomerates shape hospitality, why no local OTA has broken through, and how fintech and ferry aggregation are emerging as the next frontier. With online travel projected to double to $8 billion by 2030, the gap between current development and future potential is wide, and closing fast.
Get the full reportEurope Travel Market Report 2026 Series
8 reportsEurope Travel Market Report 2026
Europe's travel market, in focus. This series puts the most important market data front and center, pairing clear analysis with comprehensive sizing and projections for the European travel industry from 2023-2029. It features dedicated coverage of six key regional players: France, Germany, Italy, Scandinavia, Spain and the U.K.
Get the full report seriesFrance Travel Market Essentials 2026
France's travel market grew 3.6% to €57.7 billion in 2025, supported by record international arrivals, steady domestic demand and continued premiumization. Airlines remained the market's largest segment, while rail and other categories continued to evolve amid rising competition and digital change. Despite growing geopolitical and economic uncertainty, France's travel market remains resilient as shifting demand and regulatory change reshape the landscape.
Get the full reportGermany Travel Market Essentials 2026
Germany's travel market grew 5% to €76.3 billion in 2025, driven by resilient holiday demand and record travel spending despite economic and geopolitical pressure. Growth is expected to slow in the near term as higher costs and international conflicts redirect demand toward closer destinations, but Germany remains on track to retain its position as Europe's largest travel market.
Get the full reportFree Research Insights article: Germany sets a travel spending record, sustaining it won't be simple
Italy Travel Market Brief 2026
The Italian travel market reached €30 billion in gross bookings in 2025, up 4.5% year over year, as record inbound demand pushed tourism to new highs. Online bookings accounted for 58% of the market, with mobile now representing more than half of all online bookings. Hotels remained the largest segment, supported by strong investment activity and continued demand for higher-end properties. Even as geopolitical tensions heighten, Italy's broad appeal, strong domestic alternatives and continued digitalization support the market's longer-term momentum.
Get the full reportFree Research Insights article: Three things to know about the Italy travel market
Scandinavia Travel Market Brief 2026
Scandinavia's travel market grew 6% to €19 billion in 2025, driven by recovering international travel and continued demand for sustainable, nature-based trips. Digital commerce now accounts for nearly 80% of bookings, while airlines, OTAs and tourism boards continue to shape a market defined by innovation and eco-conscious travel preferences. Steady growth is expected ahead as slow travel, coolcation demand and rail-based itineraries gain further momentum across the region.
Get the full reportSpain Travel Market Brief 2026
Spain's travel market remained one of Europe's strongest performers in 2025, with international arrivals totaling a record 96.8 million and gross bookings reaching nearly €39 billion. Growth has been supported by Spain's steady momentum as well as redirected demand from travelers seeking alternatives amid geopolitical disruption in the Middle East. Although challenges around overtourism, transport disruption and broader uncertainty remain, Spain enters the next period from a position of strength.
Get the full reportFree Research Insights article: Spain's surge signals a structural shift in global travel demand
U.K. Travel Market Essentials 2026
The U.K. travel market was projected to reach £56.6 billion in 2025, supported by strong outbound demand and one of Europe's most digitally advanced distribution landscapes. Online bookings now account for 90% of total gross bookings, with supplier-direct channels continuing to dominate across the market. Although the outlook for 2026 has become more uncertain amid geopolitical tensions and pressure on consumer demand, the U.K. market remains resilient, underpinned by high travel propensity and a mature digital ecosystem.
Get the full reportFree Research Insights article: U.K. travel distribution has found its equilibrium. Will it stay that way?
Europe Travel Market Data Sheet 2026Subscribers only
This data sheet provides comprehensive market sizing and projections for the Europe travel industry (France, Germany, Italy, Scandinavia, Spain and the U.K.) from 2023-2029, including analysis of key segments, share and trends, and distribution and recovery dynamics by segment.
Get the data sheetU.S. Travel Market Report 2026 Series
6 reportsU.S. Travel Market Report 2026
This series delivers market analysis, comprehensive sizing and projections for the U.S. travel market, along with detailed data and analysis of five key segments: airline, hotel and lodging, car rental, cruise and packaged travel. A standalone report dedicated to online travel agencies rounds out the coverage.
Get the full report seriesU.S. Airline Market Essentials 2026
The U.S. airline market is under greater pressure in 2026, as higher fuel costs, geopolitical disruption and weaker demand weigh on performance. Passenger revenue is still projected to rise, and airlines continue to push bookings toward direct digital channels, but margins are tightening and smaller carriers face growing competition and financial strain.
Get the full reportU.S. Car Rental Market Brief 2026
The U.S. car rental market grew 1% in 2025 as resilient leisure demand was offset by pricing pressure, airport weakness and fleet disruptions from vehicle recalls. Looking ahead, growth is expected to remain modest as operators focus on utilization, direct digital bookings and tighter fleet management.
Get the full reportFree Research Insights article: The U.S. car rental market is stabilizing. That doesn't mean smooth.
U.S. Hotel & Lodging Market Essentials 2026
The U.S. hotel market is entering a slower-growth phase, with room revenue rising just 1% in 2025 as weak inbound demand, cautious consumer spending and soft ADR growth weighed on results. Competition is intensifying across distribution, with OTAs, loyalty programs, AI-driven discovery and short-term rentals all reshaping how hotels attract and retain guests.
Get the full reportFree Research Insights article: U.S. hotel and lodging 2026: Slow growth, a stable split and AI waiting at the door
U.S. Packaged Travel Market Brief 2026
The U.S. packaged travel market surpassed $18.5 billion in 2025, supported by higher prices, more premium bookings and continued demand for bundled itineraries even as geopolitical disruption and economic uncertainty cloud the outlook. Traditional vacation packagers still dominate the category and rely heavily on travel advisors, while OTAs continue to gain ground online through dynamic packaging and broader digital reach.
Get the full reportU.S. Travel Market Data Sheet 2026Subscribers only
This data sheet provides comprehensive market sizing and projections for the U.S. travel industry from 2023-2029, including analysis of key segments, share and trends, and distribution and dynamics by segment.
Get the data sheetAsia Pacific Travel Market Report 2026 Series
2 reportsAsia Pacific Travel Market Report 2026
Asia Pacific's travel market, in focus. This series puts the most important market data front and center, pairing clear analysis with comprehensive sizing and projections for the Asia Pacific travel industry from 2023-2029. It features dedicated coverage of 12 key regional players: Australia-New Zealand, China, India, Japan, Northeast Asia (including Hong Kong, Macau, South Korea and Taiwan) and Southeast Asia (including Indonesia, Malaysia, Singapore and Thailand).
Get the full report seriesJapan Travel Market Essentials 2026
Japan's travel market posted a strong 2025, with gross bookings rising 8% to US$94.2 billion. Inbound arrivals hit a record 42.7 million, the Osaka-Kansai Expo lifted demand across segments, and the distribution mix continued shifting online, while policy pivoted from volume growth toward higher-value, regionally dispersed travel and AI adoption began to accelerate. Growth is expected to moderate in 2026 before easing headwinds put the market on track to surpass its 2019 size by 2029.
Get the full reportFree Research Insights article: Japan inbound boom becomes policy priority
Travel Metric of the Month
Phocuswright’s Travel Metric of the Month 2026 features fresh travel industry research published throughout the year, showcasing key data across our market sizing, consumer research, and tech and innovation practices. Each month, we will publish a new visualization that highlights a significant research trend, finding or data set, along with links to the source publication for a deeper dive.
Metrics of the Month 2025 include:
- January: Luxury Traveler Characteristics
- February: U.S. Travel Agency Trends
- March: Traveler Loyalty: Membership and Usage
- April: Travel Experiences Outlook (NEW!)
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Phocal Point: Global Market Sizing
When the market shifts, the most prepared teams aren’t just watching — they’re already adjusting.
That’s why we’ve updated Phocal Point and our Short-Term Rental dashboard with new market sizing, sharper forecasts through 2028, and tools built for professionals who need to move with clarity — not guesswork.
Why It Matters
Every percentage point matters
Whether you're modeling revenue, sizing a market, or evaluating a new opportunity, the difference between a good guess and a precise projection adds up — fast.
Regional nuance matters
What’s happening in Western Europe isn’t what’s happening in the U.S. — and it’s definitely not what’s happening in Asia Pacific. Our updated forecasts reflect this complexity, so you don’t have to flatten it.
Distribution strategy matters
Where bookings happen — and how that’s changing — is just as important as how much they’re worth. Our STR dashboard gives you interactive access to gross bookings data by channel, year, and region. Run your own comparisons. Export your own cuts. Back your strategy with specifics.
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