PUNE, INDIA - Global Travel Technology Market - Opportunity, Trends and Forecast 2015-2019 research report includes revenue generated from third-party service providers and excludes in-house IT spending by airlines, hotels and other travel agencies.
Commenting on the latest travel technology market report, an analyst said: "Many travel suppliers are focusing on developing in-house applications and software for their business processes, as constantly changing business models require flexible and scalable technology. Increased cost efficiency and reduced IT budgets have compelled many travel suppliers to outsource services to third-party solution providers for key technologies. As a result, they have started using monthly fee subscriptions associated with software as a service (SaaS) and hosted solutions."
According to the report, organizations spend significant amounts of money on business travel. The cost involved in these business trips includes not only travel expenses but also other costs associated with planning and arranging business meetings, accommodation, food and beverages, transportation, and recreation and entertainment. Further, this travel technology market report states that building the right multi-channel strategy is a concern for many travel agencies. Most travel technologies have similar functions. As a result, many travel agencies are unable to adopt the correct channel to target their customers.
Companies mentioned in this 2015 travel technology market report include Amadeus, Sabre, TravelPort, Navitaire, CRS, Dolphin Dynamics, eCare, Expert Travel, Fourth Dimension, Lemax, mTrip, PcVoyages 2000, Qtech, Technoheaven, Toursys, Tramada, TravelCarma, Trip Solutions, and Web Booking Expert.
Technology is seeping in the travel industry; globally, online travel sales have increased to more than $600 billion in 2014, which constitutes nearly one-third of the total travel sales. One of the fourth most such applications is flight tracking. Earlier, travel technology was related with computer reservation systems (CRS) of the airlines industry, but now it broadly includes the tourism sector along with its subset the hospitality industry. Mobile devices are becoming the most preferred medium for using travel technology. Along with this, the usage of big data analytics and social media is becoming the latest trend in adopting the travel technology.
This report covers the present scenario and the growth prospects of the global travel technology market for the period 2015-2019. This report includes revenue generated from third-party service providers. This report does not include in-house IT spending by airlines, hotels, and other travel agencies. This report also presents the vendor landscape and corresponding detailed information and analysis of the top four vendors in the global travel technology market. The market is divided into GDS as well as Airline and hospitality IT solutions segments based on products.
The report, Global Travel Technology Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the Americas, APAC, and EMEA. It also covers the landscape of the global travel technology market and its growth prospects in the coming years. This report includes a discussion of the key vendors operating in this market.
