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Phocuswright has tracked the launch of more than 80 travel-focused accelerators, incubators, early-stage investors and entrepreneur support programs in the last 5-7 years, not to mention dozens of pitch competitions, hackathons and conferences, including our own. Each promises to connect travel startups with a combination of industry expertise, resources, capital and exposure, and contributes to what is now a robust travel startup support ecosystem. These programs and entities have sprung from intermediaries, suppliers, destinations, investors and independent groups.Analyst: Michael ColettaTopic: Technology InnovationResearch Type: Article
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The advent of basic economy fares has enabled full-service U.S. airlines to offer unbundled services and compete with LCCs more effectively. Offers continue to evolve as airlines try various bundles and combinations to see what gains traction. Therefore, the shopping and booking experience is now supported by richer content as airlines seek to differentiate their basic fare offerings and ancillaries. In 2018, ancillaries account for 12% of U.S. airlines’ passenger-related revenue, and this share is expected to continue trending upward. This report presents a high-level summary of the U.S. airline segment, focusing on the need-to-know developments, trends and stories that are impacting the market now.Analysts: Michael Gerra, Cathy Walsh, Maggie RauchTopic: Market Overview & SizingSegment: AirRegion: U.S. & CanadaResearch Type: Report
The U.S. travel market is projected to grow a healthy 5% in 2018, benefiting from positive economic performance. Online travel growth continues to outpace the overall market, and although supplier websites are expected to grow slightly faster than OTAs, the balance between suppliers and intermediaries will remain unchanged through 2022. This report provides comprehensive market sizing and projections for the U.S. travel industry from 2016-2022, and includes analysis of the key trends and players that are shaping the market.Analysts: Cathy Walsh, Lorraine SileoTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Cruise, Hotels & Lodging, Online Travel Agencies, Rail, Tours & Packages, Traditional Agencies & TMCsRegion: U.S. & CanadaResearch Type: Report
Online travel agencies’ share of the U.S. travel market is projected to hold steady in 2018 at 19%, and hotels remain the biggest segment for OTAs. The battle between intermediaries and suppliers for online dominance remains fierce, and OTAs currently capture 38% of online bookings. Expedia and Booking.com maintain their grip on the OTA market, with a combined 92% share of OTA gross bookings. This report provides a high-level overview of the U.S. OTA landscape, including key players, segment and distribution analysis, and sizing projections through 2022.Analysts: Alice Jong, Cathy WalshTopic: Market Overview & SizingSegment: Online Travel AgenciesRegion: U.S. & CanadaResearch Type: Report
Expedia and Booking.com continue to dominate the U.S. online travel agency space, and the two are making deeper inroads into segments outside flights and hotels. The two segment leaders, along with other key players such as Google and TripAdvisor’s Viator, are actively targeting the travel activities market. Meanwhile, OTAs seek other ways to gain an edge, and are exploring voice, machine-learning and chat-based functionality. This report explores the most notable trends and stories that are currently impacting the U.S. OTA landscape.Analysts: Alice Jong, Cathy WalshTopic: Market Overview & SizingSegment: Online Travel AgenciesRegion: U.S. & CanadaResearch Type: Report
U.S. airlines are projected to notch a second consecutive year of 5% revenue growth in 2018, fueled by steady capacity additions, an uptick in passenger volume, improved yield and growth in demand for ancillaries. Despite a highly consolidated market – the top four airlines account for more than 80% of flown revenue – competition remains fierce among airlines and across distribution channels. This report provides complete sizing and analysis on the U.S. airline segment, including online and mobile bookings, distribution trends, OTA versus supplier dynamics, and projections through 2022.Analysts: Michael Gerra, Cathy Walsh, Maggie RauchTopic: Market Overview & SizingSegment: AirRegion: U.S. & CanadaResearch Type: Report
The U.S. hotel industry, which has grown at a healthy pace since 2010, has turned cautious in light of mixed economic indicators in 4Q18. Nonetheless, the U.S. hotel market is forecast to rise 5% in 2018, with 4-5% YoY gains over the next few years. This report provides complete sizing and analysis on the U.S. hotel & lodging segment, including online and mobile bookings, private accommodation sizing, distribution trends, OTA versus supplier dynamics, and projections through 2022.Analysts: Lorraine Sileo, Cathy WalshTopic: Market Overview & SizingSegment: Hotels & LodgingRegion: U.S. & CanadaResearch Type: Report
It’s been roughly two years since many U.S. chains started offering lower rates to loyalty members, and these special rates are paying off – at least for some of the largest chains with robust loyalty programs. As a result, hotels are now catching up to OTAs in terms of online distribution. Meanwhile, after years of double-digit growth in OTA sales, gains will fall to single digits in 2019 and beyond. This report explores the most notable trends and stories that are impacting the U.S. accommodations segment right now.Analysts: Lorraine Sileo, Cathy WalshTopic: Market Overview & SizingSegment: Hotels & LodgingRegion: U.S. & CanadaResearch Type: Report
Following a flat performance in 2017, the U.S. car rental segment improved in 2018 with a projected 3% growth in gross bookings. Car rental is a mature online market, and as with the segment overall, online channel growth will be relatively soft in the coming years. This report provides an overview of the U.S. car rental segment, including online and mobile bookings, distribution trends, OTA versus supplier dynamics, and projections through 2022.Analysts: Michael Coletta, Cathy Walsh, Brandie WrightTopic: Market Overview & SizingSegment: Car Rental & Ground TransportationRegion: U.S. & CanadaResearch Type: Report
The cruise and packaged travel segments are entirely leisure-driven, and each remain heavily dependent on traditional travel agency distribution. In 2018, the cruise market is projected to grow more rapidly than packaged travel, at 10% versus 4%, respectively. This report provides complete sizing and analysis on the U.S. cruise and packaged travel segments, including online versus offline bookings, distribution dynamics, OTA versus supplier dynamics and projections through 2022.Analysts: Michael Coletta, Mary Pat Sullivan, Cathy WalshTopic: Market Overview & SizingSegments: Cruise, Tours & PackagesRegion: U.S. & CanadaResearch Type: Report