Eugene Ko
Growth in top travel markets expected to grow between 6-10% per year through 2026
According to new research from Phocuswright, the global travel market is forecasted to grow between 6-10% per year through 2026.
Global travel industry reaches USD 1.5 trillion in 2023: Phocuswright
The global travel industry is experiencing a powerful resurgence, with Phocuswright's latest Global Travel Market Report 2024 revealing a 24% surge in 2023, reaching an impressive $1.5 trillion in gross bookings.
Uncertain US outbound travel outlook: how should the industry respond?
A recent Traveler Sentiment survey by Arival indicated a drop in the number of trips US travellers are planning to take in 2024.
“Travel is at a crossroads: It can either become more sustainable via innovation – or be forced to take action via crises and regulation”
Ahead of Phocuswright Europe in Barcelona, Phocuswright urges travel companies to take action on climate change via innovation.
Travel experiences represented USD 253 bn in global gross ticket revenue in 2019
Post-pandemic changes in shopping and booking behaviour are fuelling a boom in the global tours, activities and attractions (TAA) industry.
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