Travel Technologies Market
Travel Technology Market Analysis by Global Distribution Systems (GDS) and Airline & Hospitality IT Solutions from 2023 to 2033
Analysis of Travel Technologies Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Travel Technology Market Outlook (2023 to 2033)
Global demand for travel technologies is estimated to increase at a CAGR of 8% from 2023 to 2033. Currently, the global travel technologies market is valued at US$ 6 billion and is predicted to reach a market size of US$ 13 billion by the end of 2033.
Travel technology is the use of information and communication technology in the tourism, travel, and hospitality industries. It enables enterprises to automate numerous activities such as booking & tracking flights, tours, and hotels, and providing a common interface to connect travel agents with customers. It also assists in building personalized plans, locating the best pricing & schedules, handling travel insurance, converting currency, and providing travel tips to customers.
The COVID-19 pandemic had a substantial impact on the travel, tourism, and aviation industries. As a result, the demand for travel technologies dropped precipitously in 2020. Nevertheless, the global market is predicted to recover and grow speedily over the next ten years as governments increase their efforts to boost the economy and get control of the pandemic.
Key technologies used for travel automation technology are Big Data and the Internet of Things (IoT). Big data is a necessity in modern tourism management, and practically all successful organizations employ their own data collection methodologies.
Improving personalization is one of the most common uses of this data, with travel companies employing the information to make exact improvements to their offerings, resulting in economic development. The analysis of actual market results is another beneficial application of big data.
For example, hotel owners can use big data for revenue regulation purposes, leveraging historical occupancy rates and other prior indicators to estimate demand levels. When demand is predictable, pricing and marketing strategies can be customized to provide better services to customers.
One of the most intriguing breakthroughs in travel technology is the IoT, which involves internet-based connectivity between ordinary gadgets that allows them to both send and receive data. People are already seeing signs of its prominence in the travel and tourism market, which will only grow in the coming years.
IoT technology, for example, can be utilized in hotel rooms to provide guests with a system that links everything from heaters to air conditioning and lighting, allowing everything to be controlled from a single location. Likewise, baggage boxes can be outfitted in airports with sensors that alert passengers as they walk past. Smarter airports are another area where IoT can be deployed. All of these advantages and expanding applications brought about by technological improvements contribute to market expansion.
| Report Attributes | Details |
|---|---|
| Travel Technology Market Size in 2023 | US$ 6 Billion |
| Projected Market Value (2033) | US$ 13 Billion |
| Global Market Growth Rate (2023 to 2033) | 8% CAGR |
| North American Market Share (2022) | 39% |
| Global Distribution System (GDS) Segment Growth Rate (2023 to 2033) | 6.1% CAGR |
| Key Companies Profiled | Amadeus IT Group, S.A; Qtech Software Pvt. Ltd; Navitaire LLC; Kaptio Travel; Lemax Ltd; mTrip; Expedia Group; TravelWorks; Dolphins Dynamics; Sabre Corporation |
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Why is Demand for Travel Technology Solutions Intensifying?
“Increasing Usage of Artificial Intelligence in Travel Industry”
When AI-enabled platforms have the necessary volume of back-end data to derive insights, they deliver the intended results. The travel industry produces a significant amount of customer data. Vendors are introducing AI capabilities into their offerings to customize products and services.
Travel companies have recognized the value of AI technology, both in regard to service cost reduction and the possibility of leveraging it as a new sales channel to boost revenue. As a result, travel businesses have begun to invest in sophisticated conversational platforms that can handle their consumers' demands without requiring human participation.
AI can also assist in optimizing and automating business travel bookings by giving travel managers instant access to the most cost-efficient and rewarding alternatives for their travel programs.
Which Factor Can Adversely Impact the Market for Travel Technologies?
“Growing Concerns over Cybersecurity”
The travel and hospitality industry has a vast amount of vital customer data, such as online financial activities and personally identifiable information (PII). Online transactions carry data security and privacy risks. There have been various data leaks in the travel and tourism industry.
- For example, customer data, such as credit card information, was taken from two major airlines, Cathay Pacific and British Airways, in 2019.
Data security is critical for both hospitality and travel service providers and vendors. As a result, cybersecurity is an obstacle to the expansion of the worldwide market.
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Country-wise Insights
Why is the United States a Leading Market for Travel Technologies?
“High Adoption of Sophisticated Travel Technologies & Solutions”
North America stood for 39% of the worldwide market for travel technologies in 2022. The United States is dominating the North American market due to the increased adoption of sophisticated travel technology solutions by travel agencies and enterprises to reduce travel expenditure and the growing demand for the implementation of real-time changes in travel plans.
Which Countries are Fostering Market Expansion in Asia Pacific?
“South Korea & Japan Key Markets in the Region”
The Asia Pacific market is growing at a rapid pace. The regional market expansion is ascribed to factors such as strong economic growth, rising middle-class spending, a greater emphasis on generating new experiences, and a growing urban population. People are prepared to spend more on travel and tourism, once considered luxury, as their disposable income rises.
Moreover, South Korea and Japan are promoting Asia Pacific market expansion due to the increased adoption of SaaS-based models. Organizations in these countries are increasingly using robotic process automation (RPA) to simplify and automate process applications, manage bookings, and documentation to reduce human errors.
What is Germany's Contribution to the European Market?
“Germany Witnessing High Usage of Travel-related Solutions”
The European market is witnessing considerable growth. Airlines and hotel chains in the region are increasing their efforts to create and implement innovative technologies like online ticketing, self-service kiosks, automated check-in, and customer care applications.
Germany is making substantial contributions to the European market due to the increasing utilization of advanced technologies by local travel companies, such as big data analytics, artificial intelligence, and machine learning, to collect vital information and insights and offer enhanced services to potential tourists.
Category-wise Insights
Why is GDS the Leading Product in This Space?
“Several Advantages of GDS Driving Their Popularity”
Demand for a global distribution system (GDS) is expected to progress at a CAGR of 6.1% over the next ten years. GDS is a computerized reservation system used by travel companies, travel agents, and airlines to simplify the purchase of travel services like flights, hotels, vehicle rentals, and other services. GDS serves as a central repository for information on availability, pricing, and bookings, enabling customers and travel agents to access the same information.
GDS allows travel and hospitality service firms to broaden their global customer base. With the new distribution capabilities, travel agents can obtain comprehensive content about travelers to assist airlines in providing personalized offers. Several vendors provide add-on services and solutions with their GDS to travel service providers to assist them in efficiently placing their offers.
Demand for airline and hospitality IT solutions is also increasing. Airline and hospitality IT solutions are designed to assist hotels, airlines, resorts, and other hospitality companies in streamlining and optimizing their operations. These solutions automate customer-facing procedures by utilizing cutting-edge technology such as cloud computing and artificial intelligence, allowing the travel and hospitality industry to serve their customers better.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
The global market is highly competitive. Key players in the travel technologies market are competing for market share. With the expansion of the travel and tourism business, competition has intensified, resulting in a slew of mergers and acquisitions. Moreover, intense competition in the worldwide market is projected to push established vendors to expand their market position through strategic partnerships. Furthermore, numerous start-ups are focusing on new developments to address long-standing issues.
- Deal Engine, a Miami-based start-up, is addressing a well-known issue for airlines and their customers: post-booking flight adjustments. Historically, airlines have contracted pricey contact centers to handle many of their customers' change requests, which became onerous during the pandemic.
- EaseMyTrip.com, one of India's major travel technology portals, launched a self-booking tool for corporates in November 2022. This tool uses AI technologies such as machine learning and data mining to make it more effective and resourceful. Corporates and business travellers can easily book their travels utilizing this tool since it simplifies their booking process.
- MakeMyTrip (MMT) developed a new and revolutionary payment model called 'Book Without Payment' in October 2022, which allows international and domestic travellers to book a hotel without making any advance payment.
- American Express Global Business Travel (GBT) and Sabre launched a multi-faceted strategic partnership in December 2021 with the goal of developing innovations that would help define the future of corporate travel distribution. Under the terms of the agreement, which went into effect in January 2022, the corporation increased its commitment to Sabre and committed to a multi-million-dollar, long-term annual investment in collaborative technology development with Sabre.
- Booking Holdings Inc. announced in December 2021 that it had completed its previously announced USD 1.2 billion acquisition of Getaroom from Court Square Capital Partners. Getaroom is a business-to-business hotel room distributor that has amalgamated with Booking Holdings Inc.
Key Segments of Travel Technologies Industry Research
-
By Product :
- Global Distribution System (GDS)
- Airline & Hospitality IT Solutions
-
By Application :
- Travel Industry
- Tourism Industry
- Hospitality Industry
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific & China
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 7. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 8. Global Market - Pricing Analysis
- 9. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product
- 10.1. Global Distribution System (GDS)
- 10.2. Airline & Hospitality IT Solutions
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 11.1. Travel Industry
- 11.2. Tourism Industry
- 11.3. Hospitality Industry
- 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. East Asia
- 12.5. South Asia
- 12.6. Oceania
- 12.7. Middle East and Africa (MEA)
- 13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 21. Market Structure Analysis
- 22. Competition Analysis
- 22.1. Amadeus IT Group, S.A
- 22.2. Qtech Software Pvt. Ltd
- 22.3. Navitaire LLC
- 22.4. Kaptio Travel
- 22.5. Lemax Ltd
- 22.6. mTrip
- 22.7. Expedia Group
- 22.8. TravelWorks
- 22.9. Dolphins Dynamics
- 22.10. Sabre Corporation
- 23. Assumptions and Acronyms Used
- 24. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Product, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Product, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Product, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Product, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Product, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Product, 2023 (E)
Figure 18: North America Market Value Share, By Application, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Product, 2023 (E)
Figure 26: Latin America Market Value Share, By Application, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Product, 2023 (E)
Figure 34: Europe Market Value Share, By Application, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Product, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Product, 2023 (E)
Figure 42: South Asia Market Value Share, By Application, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Product, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Product, 2023 (E)
Figure 50: East Asia Market Value Share, By Application, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Product, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Product, 2023 (E)
Figure 58: Oceania Market Value Share, By Application, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Product, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Product, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Product, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By Application, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Product, 2023 (E)
Figure 78: Canada Market Value Share, By Application, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Product, 2023 (E)
Figure 81: Mexico Market Value Share, By Application, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Product, 2023 (E)
Figure 84: Brazil Market Value Share, By Application, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Product, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Application, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Product, 2023 (E)
Figure 90: Germany Market Value Share, By Application, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Product, 2023 (E)
Figure 93: France Market Value Share, By Application, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Product, 2023 (E)
Figure 96: Italy Market Value Share, By Application, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Product, 2023 (E)
Figure 99: Spain Market Value Share, By Application, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Product, 2023 (E)
Figure 102: Russia Market Value Share, By Application, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Product, 2023 (E)
Figure 105: China Market Value Share, By Application, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Product, 2023 (E)
Figure 108: Japan Market Value Share, By Application, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Product, 2023 (E)
Figure 111: South Korea Market Value Share, By Application, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Product, 2023 (E)
Figure 114: India Market Value Share, By Application, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Product, 2023 (E)
Figure 117: ASEAN Market Value Share, By Application, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Product, 2023 (E)
Figure 120: Australia Market Value Share, By Application, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Product, 2023 (E)
Figure 123: New Zealand Market Value Share, By Application, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Product, 2023 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Product, 2023 (E)
Figure 129: Turkey Market Value Share, By Application, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Product, 2023 (E)
Figure 132: South Africa Market Value Share, By Application, 2023 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How much is the travel technologies market currently worth?
The global travel technologies market is valued at US$ 6 billion in 2023.
What is the future value of the global travel technologies market?
The market for travel technologies is projected to touch US$ 13 billion by 2033.
How fast is the market expected to expand through 2033?
Global demand for travel technologies is anticipated to increase at a CAGR of 8% during the forecast period.
At what CAGR is the demand for global distribution systems (GDS) predicted to develop?
Demand for global distribution systems (GDS) is set to increase at a CAGR of 6.1% from 2023 to 2033.
What was North America's market share in 2022?
North America held 39% share of the global market in 2022.
Who are the main providers of travel technologies?
Amadeus IT Group, S.A, Qtech Software Pvt. Ltd, S.A, Navitaire LLC, Kaptio Travel, Lemax Ltd, mTrip, Expedia Group, TravelWorks, Dolphins Dynamics, and Sabre Corporation are key travel technology service providers.
Travel Technologies Market