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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. The Asia Pacific Online Travel Overview Tenth Edition Market Sheet provides quick and easy access to U.S. travel market sizing data from 2015-2021, including key sectors, segments and distribution channels.Analyst: Deepak JainTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, RailRegion: Asia PacificResearch Type: Report
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This product includes key market sizing data featured in Phocuswright’s U.S. Online Travel Overview, presented in a visually interactive, customizable format.Analyst: Gillian HuntoonTopics: Market Overview & Sizing, MobileSegments: Air, Car Rental & Ground Transportation, Cruise, Hotels & Lodging, Online Travel AgenciesRegion: U.S. & CanadaResearch Type: Report
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
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