An increasing number of companies from outside of travel are entering the online travel agency space, according to Phocuswright, the leading travel industry research and events authority.
This year, the experienced analyst team at Phocuswright is enlisting the most perceptive speakers who embody resilience and innovation, keeping in mind the 2023 theme “You, Me & the Machine”.
Phocuswright, the leading global travel industry research authority and producer of the annual Phocuswright Conference, has urged the hospitality industry to rethink the traditional property management systems.
Phocuswright research projects $1.4 trillion in global travel gross bookings in 2023, just four per cent below 2019 levels. The United States travel market grew to $422 billion in 2022, becoming the first major travel market globally to surpass its 2019 size.
