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Travel Technologies - Global Strategic Business Report

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    Report

  • 382 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140507
The global market for Travel Technologies is estimated at US$5.8 Billion in 2023 and is projected to reach US$10.7 Billion by 2030, growing at a CAGR of 7.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Global Distribution System (GDS) segment, which is expected to reach US$7.2 Billion by 2030 with a CAGR of 7%. The Airline & Hospitality It Solutions segment is also set to grow at 9.8% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $1.5 Billion in 2023, and China, forecasted to grow at an impressive 9.1% CAGR to reach $2.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Travel Technologies Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Travel Technologies Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Travel Technologies Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Accenture PLC, Amazon Web Services, Inc., Emerging Travel Group, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 83 Featured):

  • Accenture PLC
  • Amazon Web Services, Inc.
  • Emerging Travel Group
  • Amadeus IT Group SA
  • Fareportal
  • BCD Travel
  • Booking Holdings Inc.
  • Cybage Software Pvt. Ltd.
  • Expedia Group
  • AltexSoft
  • ACL Digital
  • American Express Global Business Travel
  • eTravos
  • Amadeus Hospitality Americas, Inc.
  • DerbySoft

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • An Introduction to Travel Technology
  • Global Market Prospects & Outlook
  • GDS Emerges as the Largest Segment
  • Competition
  • Travel Technologies - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • World Brands
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Business Travel Spending Trend: Major Contributor to Growth of Travel Technology Market
  • Hotel Industry Embraces Next Generation Technologies Amidst the Changing Working Environment
  • Digital Transformation Poised to Enhance Traveler Experience
  • Popular Technology Trends Transforming Hospitality & Travel Industry
  • Growing Role of Innovative Technologies in Travel Industry
  • Pandemic-Led Tech Trends Drive Travel Sector Transformation
  • Innovations to Fuel Market Prospects
  • Rising Integration of Big Data in Travel Technology Solutions
  • Global Big Data and Business Analytics Revenues in US$ Billion for 2020, 2022, 2024 and 2026
  • Growing Role of AI and ML in Travel & Tourism Industry
  • Blockchain Technology to Radically Transform Travel Industry
  • Mobile Devices: The Preferred Mode for Travel Technologies
  • Global Shipments of Smartphones (in Million Units) for 2020 through 2025
  • Next-Generation 5G Networks to Benefit Travel Technologies
  • Virtual Reality Technology to Transform Tourism Industry with Immersive Experiences
  • Augmented Reality Gains Prominence in Travel Industry
  • Robotic Process Automation Technology Supports Automation of Repetitive Processes
  • Robots to Automate Hospitality Sector
  • Biometric Recognition Technologies for Automated Identification and Authentication in Hotels and Payments
  • Intelligent Conversational Platforms Emerge as Ideal Solutions for Customer Support in Travel & Tourism Industry
  • Rise in Smart Connected Devices Drives Adoption of IoT Technologies in Travel Industry
  • Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
  • As Online Travel Booking Market Takes a Hit due to COVID-19, Travel Technologies Market to be Impacted
  • Global Online Travel Market Size (in US$ Billion) for the Years 2018, 2022 & 2026
  • Latest Technologies Emerge to Address Challenges Confronting the Online Travel Industry
  • Global Distribution System Market: An Overview
  • Smart Hospitality Gathers Steam
  • Urbanization, Consumer Spending Levels Set the Tone for Travel & Tourism Technology Market
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Challenges Confronting the Travel Technology Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Travel Technologies Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Travel Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Travel Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Travel Technologies by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Global Distribution System (GDS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Global Distribution System (GDS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Global Distribution System (GDS) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Airline & Hospitality IT Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Airline & Hospitality IT Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Airline & Hospitality IT Solutions by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Travel Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • US Tourism Industry Hit Hard by the COVID-19 Pandemic
  • Table 11: USA Recent Past, Current & Future Analysis for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 12: USA Historic Review for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 13: USA 16-Year Perspective for Travel Technologies by Segment - Percentage Breakdown of Value Revenues for Global Distribution System (GDS) and Airline & Hospitality IT Solutions for the Years 2014, 2024 & 2030
CANADA
  • Table 14: Canada Recent Past, Current & Future Analysis for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 15: Canada Historic Review for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 16: Canada 16-Year Perspective for Travel Technologies by Segment - Percentage Breakdown of Value Revenues for Global Distribution System (GDS) and Airline & Hospitality IT Solutions for the Years 2014, 2024 & 2030
JAPAN
  • Travel Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Table 17: Japan Recent Past, Current & Future Analysis for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 18: Japan Historic Review for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 19: Japan 16-Year Perspective for Travel Technologies by Segment - Percentage Breakdown of Value Revenues for Global Distribution System (GDS) and Airline & Hospitality IT Solutions for the Years 2014, 2024 & 2030
CHINA
  • Travel Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Table 20: China Recent Past, Current & Future Analysis for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 21: China Historic Review for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 22: China 16-Year Perspective for Travel Technologies by Segment - Percentage Breakdown of Value Revenues for Global Distribution System (GDS) and Airline & Hospitality IT Solutions for the Years 2014, 2024 & 2030
EUROPE
  • Travel Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Table 23: Europe Recent Past, Current & Future Analysis for Travel Technologies by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: Europe Historic Review for Travel Technologies by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 25: Europe 16-Year Perspective for Travel Technologies by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2024 & 2030
  • Table 26: Europe Recent Past, Current & Future Analysis for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 27: Europe Historic Review for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: Europe 16-Year Perspective for Travel Technologies by Segment - Percentage Breakdown of Value Revenues for Global Distribution System (GDS) and Airline & Hospitality IT Solutions for the Years 2014, 2024 & 2030
FRANCE
  • Travel Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • Table 29: France Recent Past, Current & Future Analysis for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 30: France Historic Review for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 31: France 16-Year Perspective for Travel Technologies by Segment - Percentage Breakdown of Value Revenues for Global Distribution System (GDS) and Airline & Hospitality IT Solutions for the Years 2014, 2024 & 2030
GERMANY
  • Travel Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Table 32: Germany Recent Past, Current & Future Analysis for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 33: Germany Historic Review for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 34: Germany 16-Year Perspective for Travel Technologies by Segment - Percentage Breakdown of Value Revenues for Global Distribution System (GDS) and Airline & Hospitality IT Solutions for the Years 2014, 2024 & 2030
ITALY
  • Table 35: Italy Recent Past, Current & Future Analysis for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 36: Italy Historic Review for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 37: Italy 16-Year Perspective for Travel Technologies by Segment - Percentage Breakdown of Value Revenues for Global Distribution System (GDS) and Airline & Hospitality IT Solutions for the Years 2014, 2024 & 2030
UNITED KINGDOM
  • Travel Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Table 38: UK Recent Past, Current & Future Analysis for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 39: UK Historic Review for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 40: UK 16-Year Perspective for Travel Technologies by Segment - Percentage Breakdown of Value Revenues for Global Distribution System (GDS) and Airline & Hospitality IT Solutions for the Years 2014, 2024 & 2030
SPAIN
  • Table 41: Spain Recent Past, Current & Future Analysis for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 42: Spain Historic Review for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 43: Spain 16-Year Perspective for Travel Technologies by Segment - Percentage Breakdown of Value Revenues for Global Distribution System (GDS) and Airline & Hospitality IT Solutions for the Years 2014, 2024 & 2030
RUSSIA
  • Table 44: Russia Recent Past, Current & Future Analysis for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 45: Russia Historic Review for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 46: Russia 16-Year Perspective for Travel Technologies by Segment - Percentage Breakdown of Value Revenues for Global Distribution System (GDS) and Airline & Hospitality IT Solutions for the Years 2014, 2024 & 2030
REST OF EUROPE
  • Table 47: Rest of Europe Recent Past, Current & Future Analysis for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 48: Rest of Europe Historic Review for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 49: Rest of Europe 16-Year Perspective for Travel Technologies by Segment - Percentage Breakdown of Value Revenues for Global Distribution System (GDS) and Airline & Hospitality IT Solutions for the Years 2014, 2024 & 2030
ASIA-PACIFIC
  • Travel Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Table 50: Asia-Pacific Recent Past, Current & Future Analysis for Travel Technologies by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 51: Asia-Pacific Historic Review for Travel Technologies by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 52: Asia-Pacific 16-Year Perspective for Travel Technologies by Geographic Region - Percentage Breakdown of Value Revenues for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2024 & 2030
  • Table 53: Asia-Pacific Recent Past, Current & Future Analysis for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 54: Asia-Pacific Historic Review for Travel Technologies by Segment - Global Distribution System (GDS) and Airline & Hospitality IT Solutions Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 55: Asia-Pacific 16-Year Perspective for Travel Technologies by Segment - Percentage Breakdown of Value Revenues for Global Distribution System (GDS) and Airline & Hospitality IT Solutions for the Years 2014, 2024 & 2030
AUSTRALIA
  • Travel Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Travel Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Indian Tourism Market Reels Under the Impact of Coronavirus Outbreak
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Travel Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Travel Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Travel Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Accenture PLC
  • Amazon Web Services, Inc.
  • Emerging Travel Group
  • Amadeus IT Group SA
  • Fareportal
  • BCD Travel
  • Booking Holdings Inc.
  • Cybage Software Pvt. Ltd.
  • Expedia Group
  • AltexSoft
  • ACL Digital
  • American Express Global Business Travel
  • eTravos
  • Amadeus Hospitality Americas, Inc.
  • DerbySoft

Table Information