Phocuswright Research

News / Technology

Is the travel industry ready for central bank digital currencies?

By Norm Rose & Mike Coletta - Phocuswright Research | July 15, 2024

This article is a preview of a Phocuswright analysis that explores the latest trends in CBDCs, their overall impact and what is needed on the travel supplier/retailer end to accept CBDCs. Read More

News / Technology

The tech innovations and trends shaping travel in 2024

By D.J. Catron | July 15, 2024

Generative artificial intelligence still dominates the headlines and conference discussions, but it’s not the only travel-related technology influencing business operations today — or likely to affect... Read More

News / Online

Nearly two-thirds who use social media for trip planning make a decision based on that content

By Phocuswright Research | June 25, 2024

For travelers who use social media for trip planning, platforms are one of the most popular online resources used for finding trip ideas, second only to general search by a close margin. Read More

News / Online

Spanish travelers: Hotel stays flat, short-term rentals surging

By Phocuswright Research | June 14, 2024

This Phocuswright report, based on a survey of Spanish leisure travelers, provides a comprehensive range of data and analysis on the trip life cycle for consumers in Spain. Read More

News / Online

5 noteworthy stats about U.K. travelers

By Phocuswright Research | June 3, 2024

Phocuswright’s U.K. Consumer Travel Report 2024, based on a survey of British leisure travelers, provides a comprehensive range of data and analysis on the trip life cycle for consumers in the... Read More

News / Technology

7 GenAI use cases for consumer travel and internal operations

By Phocuswright Research | May 29, 2024

As generative AI technologies evolve, the travel sector is poised to see significant changes in how services are marketed, sold and managed, making it crucial for companies to stay informed and adaptive... Read More

News / Technology

Minimizing hallucinations in generative AI and large language models

By Cathy Walsh and Mike Coletta - Phocuswright | May 21, 2024

This is a preview of Phocuswright's full report - From Buzzword to Bottom Line: Keeping Pace with Gen AI in Travel Read More

News / Online

Airlines edge out hotels as largest segment in U.S.

By Phocuswright Research | May 13, 2024

Direct distribution channels dominate airline sales, as suppliers embrace technological developments aimed to streamline the booking process and travel experience. Read More

News / Distribution

U.S. OTAs pass $100B revenue mark for first time

By Phocuswright Research | May 6, 2024

As the digital landscape evolves, U.S. OTAs continue growing, with 2023 witnessing a solid yet decelerated 14% expansion in response to a stabilizing consumer demand post-pandemic. Read More

News / Startups

Why trip-planning startups struggle, even as consumers call for an easier way

By D.J. Catron | April 30, 2024

An Accenture survey found consumers feel less confident about booking a hotel than buying a car, and booking a flight was nearly as nerve-wracking as getting a mortgage. Read More

News / Online

Will cutting emissions cut into corporate travel?

By Lorraine Sileo - Phocuswright | April 29, 2024

This is a preview of Phocuswright's full report, Green Dilemma: How cutting emissions cuts into corporate travel. Read More

Event / Startups

Tripped Up: Why trip planning startups stumble

April 25, 2024

Hear from Mike Coletta, Manager of Research and Innovation at Phocuswright and Gilad Berenstein, investor and former founder of Utrip, on their personal experiences with trip planning startups and what... On Demand

News / Online

5 things to know about the U.K. travel market in 2024 and beyond

By Phocuswright Research | April 22, 2024

In 2023, the U.K. travel market experienced significant growth, with gross bookings increasing 19%, driven by robust expansion in online bookings, mobile transactions and key sectors like airlines and... Read More

News / Online

Scandinavian airline market excels, but risks remain

By Phocuswright Research | April 15, 2024

The outlook in the Scandinavia travel market through 2027 is positive, with double-digit growth expected each year, but there are many factors that threaten a sustained recovery. Read More

News / Online

Chinese travelers increasingly using apps, social media for trip planning, led by Gen Z women

By D.J. Catron | April 11, 2024

China Trading Desk’s quarterly Travel Sentiment Survey finds Chinese travelers are increasingly using travel applications like CTrip and Qunar and social media sites like Xiaohongshu and Douyin,... Read More

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