Global Travel Technologies Strategic Business Report 2023: Hotel Industry Embraces Next Generation Technologies Amidst the Changing Working Environment

Dublin, March 16, 2023 (GLOBE NEWSWIRE) -- The "Travel Technologies: Global Strategic Business Report" report has been added to's offering.

The global market for Travel Technologies estimated at US$5.4 Billion in the year 2022, is projected to reach a revised size of US$10.7 Billion by 2030, growing at a CAGR of 8.8% over the analysis period 2022-2030.

Global Distribution System (GDS), one of the segments analyzed in the report, is projected to record 7.9% CAGR and reach US$7.2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Airline & Hospitality It Solutions segment is readjusted to a revised 11% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 10.2% CAGR

The Travel Technologies market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.6 Billion by the year 2030 trailing a CAGR of 10.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.

Select Competitors (Total 83 Featured) -

  • Amadeus IT Group, S.A
  • Navitaire LLC
  • Dolphins Dynamics
  • Expedia Group
  • Kaptio Travel
  • Lemax Ltd
  • mTrip
  • TravelWorks
  • Qtech Software Pvt. Ltd
  • Sabre Corporation
  • Tramada Systems Pty Ltd
  • Travelport Worldwide Ltd.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages382
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$5.4 Billion
Forecasted Market Value (USD) by 2030$10.7 Billion
Compound Annual Growth Rate8.9%
Regions CoveredGlobal

Key Topics Covered:




  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Living with COVID-19: The New Normal
  • Stagflation and Risk of Recession: New Challenges Emerge for the Global Market in 2022 & 2023
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Travel & Tourism Industry Takes a Hit During COVID-19 Pandemic
  • COVID-19 Impact on Travel & Tourism Industry: YoY Change (%) of International Tourist Arrivals by Region for 2020 Vs 2019
  • International Tourist Receipts (YoY Change in %) for the Period 2010-2021
  • Recovery of International Tourism Industry: % of Respondents Citing a Factor Being Critical for Recovery of Tourism Sector
  • COVID-19 Outbreak Proves Disastrous for Tourism-Oriented Countries
  • Digitalization Augurs Well for the Market
  • With Travel Industry Hit Hard by the Crisis, Impact Significant on Travel Technology Market
  • Travel Technology Helps Rescue Travel Industry from Overcoming the Pandemic Blues
  • 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 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • World Brands
  • Recent Market Activity



  • Business Travel Spending Trend: Major Contributor to Growth of Travel Technology Market
  • COVID-19 Pandemic Brings Corporate Travel to a Standstill, Impacting Travel Tech Adoption
  • Global Business Travel Market Value (in US$ Billion) for the Years 2020 & 2027
  • 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
  • 5G Smartphone Sales in Million Units: 2019-2022
  • 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




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Global Market for Travel Technologies