Global Travel Technologies Industry

With Nobody Flying & With Airlines Cutting Down Over 90% of Flight Capacity, Travel Technologies Stares at a Massive -35. 1% Slump in Revenues. The global market for Travel Technologies is expected to slump by a heavy -35.

New York, Dec. 24, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Travel Technologies Industry" - https://www.reportlinker.com/p05960337/?utm_source=GNW
1% in the year 2020 and thereafter stage a slow and uncertain recovery to reach US$13.6 billion by the year 2027, trailing a post COVID-19 CAGR of 6.8% over the analysis period 2020 through 2027. Amid unprecedented border restrictions, global trade is expected to fall by 25% to 35% in the year 2020.With the economic recession aggravating trade woes, nearly all regions in the world are forecast to suffer double-digit declines in trade volumes. International Passenger Traffic declined by over 88.1% in July 2020 as compared to the same period in 2019. Non-essential travel has come to a virtual halt with second wave of infections impeding complete removal of travel restrictions across borders. Prior to the COVID-19 pandemic, international arrivals registered modest yearly growth in the Americas and double-digit growth in Asia-Pacific. Growth of travel and tourism surpassed the world GDP growth. However, the COVID-19 crisis has dampened GDP growth and dented prospects in the travel and tourism industry. Cruise industry is among the worst hit sectors due to the safety concerns attributed to COVID-19 outbreak on several cruises. In countries where economic growth is closely intertwined to the trends in the tourism industry, there is greater impact of the COVID-19 pandemic with widespread job losses and bankruptcies being witnessed. The Dominican Republic, Turkey, Spain, Jamaica, Portugal, and Thailand are some of the countries where the travel and tourism sector contributes to 16%-50% of the GDP from exports, and are hence more susceptible to the slump in arrivals caused by the crisis. Over the years, the large number of international visitors to such nations has been vital source of income to public and private sector entities.

Travel and tourism has considerable influence on the economy due to the spending on tourist guides, transportation, restaurants, and souvenir shops, among others. Due to the importance of tourism industry, such countries are expected to witness considerable fall in economic growth in the near future. Asia is anticipated to witness the greatest decline in revenues related to travel and tourism in 2020, with China experiencing the biggest revenue loss. The COVID-19 disease, which originated in Asia-Pacific, has also significantly impacted several regional economies in Asia-Pacific region due to the associated containment activities. Several of the popular tourist destinations such as Vietnam and Indonesia witnessed double-digit drops in arrivals of tourists at the commencement of the year. Apart from the lack of incoming tourists, the absence of or reduced outbound business and leisure travels has also placed considerable pressure on the tourism industries of these nations. The effects of COVID-19 are also being witnessed in Europe’s travel and tourism industry. In Italy, which is a renowned travel location, there has been a significant drop in tourist arrivals due to the rise in positive COVID-19 cases. In 2020, it is estimated that expenditure on tourism will decline across all the leading segments, with transport and catering anticipated to register the greatest declines in expenditure. Based on the period of the lockdown in Italy, the country is likely to lose significant revenues that would otherwise have been generated through tourism in 2020.

Other European countries are also experiencing a similar situation in their travel and tourism markets. In Spain, the crisis resulted in a significant number of hotel cancellations for Easter, which compelled several hotels to temporarily close down. In Paris, which is a very popular tourist destination, occupancy rates of hotels have declined considerably, from a high double-digit rate in January to a dismal single digit rate in March 2020. In the US, the COVID-19 pandemic is also causing significant damage to the travel sector. On account of the travel ban imposed on the visitors from Europe, the loss of visitors is expected to be about 850,000 and the spending loss is likely to be US$3.4 billion for March 2020. Also due to the decline in occupancy, the hotel sector is expected to register losses to the tune of about US$500 billion in GDP contribution in the year 2020, with 6.5 million losses of jobs in the sector. New rules such as health & immunity passports will complicate and discourage travel & a meaningful recovery in global air passenger traffic to pre-COVID levels is not expected until 2024. With many airlines cutting up to 90% of their flight capacity, year 2020 will be a bloodbath event for travel technologies with massive erosion in revenues. Travel technology refers to systems which are used for managing travel and to monitor it, and includes planning (pre-travel), flight tracking systems, and post-travel experience review. It relates to the usage of ICT (Information and Communications Technology) or IT (Information Technology) in the tourism, travel, and hospitality sector. Travel technology includes the use of social media, search engines, flight tracking, and planning of trips via online travel agencies. Previously, travel technology was generally associated with the airlines industry’s computer reservations system. Travel technology is also being known as e-tourism or e-travel. e-tourism refers to the design, analysis, implementation, and use of e-commerce and IT solutions in the travel and tourism sector. It relates to all applications of ICT in the tourism and hospitality industry and in the tourism experience. Pre-travel planning is a critical stage of trip planning, as it enables customers to gain an understanding of their forthcoming trip.

Competitors identified in this market include, among others,

• Amadeus IT Group SA

• Dolphin Dynamics Ltd.

• ecare Technology Labs Pvt. Ltd.

• Experts Travel Services (Tunisia)

• Fourth Dimension Software

• Lemax, Inc.

• mTrip

• Qtech Software Pvt. Ltd.

• Sabre Corporation

• Technoheaven Consultancy Pvt., Ltd.

• Tramada Systems Pty., Ltd.

• TravelCarma

• Travelport, LP

• Trip Solutions Ltd.

• wbe.travel

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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE I-1

II. EXECUTIVE SUMMARY II-1

1. MARKET OVERVIEW II-1
Impact of COVID-19 Pandemic and a Looming Global Recession II-1
Exhibit 1: COVID-19 Impact on Travel & Tourism Industry: Growth
Rate (%) of Industry Revenues in Select Countries for 2020 Vs
2019 II-2
Exhibit 2: COVID-19 Impact on Tourism Industry: % Change in
International Tourist Arrivals by Region for 2019 and Q1 2020 II-3
COVID-19 Proving Disastrous for Tourism-Oriented Countries II-3
Exhibit 3: Countries with Maximum Vulnerability to COVID-19
Impact on Tourism Industry: Travel & Tourism Industry as % of
GDP by Country for 2019 II-4
Digitalization Augurs Well for the Market II-5
With Travel Industry Hit Hard by the Crisis, Impact Imminent on
Travel Technology Market II-5
An Introduction to Travel Technology II-6
Global Travel Technologies Market: Growth Prospects & Outlook II-7
GDS Emerges as the Largest Segment II-8
Competition II-9
Recent Market Activity II-10

2. FOCUS ON SELECT PLAYERS II-12

3. MARKET TRENDS & DRIVERS II-13
Business Travel Spending Trend: Major Contributor to Growth of
Travel Technology Market II-13
COVID-19 Pandemic Brings Corporate Travel to a Standstill,
Impacting Tech Adoption II-14
Exhibit 4: Global Business Travel Market Value (in US$ Billion)
for the Years 2020 & 2027 II-15
Hotel Industry to Embrace Next Generation Technologies to
Function Amidst the Changing Working Environment II-16
Popular Technology Trends Transforming Hospitality & Travel
Industry II-17
Growing Role of Innovative Technologies in Travel Industry II-21
Innovations to Fuel Market Prospects II-22
Rising Integration of Big Data in Travel Technology Solutions II-24
Exhibit 5: Global Big Data and Business Analytics Revenues in
US$ Billion for 2015, 2017, 2019 & 2021 II-26
Growing Role of AI and ML in Travel & Tourism Industry II-27
Blockchain and AI to Radically Transform Travel Industry II-28
Mobile Devices: The Preferred Mode for Travel Technologies II-30
Exhibit 6: Smartphone Penetration Rate as Share of Total
Population: 2016-2020 II-32
Next-Generation 5G Networks to Benefit Travel Technologies II-32
Exhibit 7: 5G Smartphone Sales in Million Units: 2019-2022 II-33
Virtual Reality Technology to Transform Tourism Industry with
Immersive Experiences II-33
Augmented Reality Gains Prominence in Travel Industry II-34
Robotic Process Automation Technology Supports Automation of
Repetitive Processes II-35
Biometric Recognition Technologies for Automated Identification
and Authentication in Hotels and Payments II-35
Intelligent Conversational Platforms Emerge as Ideal Solutions
for Customer Support in Travel & Tourism Industry II-36
Rise in Smart Connected Devices Drives Adoption of IoT
Technologies in Travel Industry II-37
Exhibit 8: Global Number of IoT Connected Devices (In Billion)
for the Years 2016, 2018, 2020, 2022 & 2025 II-38
As Online Travel Booking Market Takes a Hit due to COVID-19,
Travel Technologies Market to be Impacted II-39
Exhibit 9: Global Online Travel Market Size (in US$ Billion)
for the Years 2018, 2022 & 2026 II-39
Global Distribution System Market: An Overview II-40
Smart Hospitality Gathers Steam II-40
Urbanization, Consumer Spending Levels Set the Tone for Travel
& Tourism Technology Market II-41
Exhibit 10: World Urban Population in Thousands: 1950-2050P II-42
Exhibit 11: Degree of Urbanization Worldwide: Urban Population
as a % of Total Population by Geographic Region for the Years
1950, 1970, 1990, 2018, 2030 and 2050 II-43

4. GLOBAL MARKET PERSPECTIVE II-44
Table 1: World Current & Future Analysis for Travel
Technologies by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets - Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027 II-44

Table 2: World Historic Review for Travel Technologies by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 II-45

Table 3: World 15-Year Perspective for Travel Technologies by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets for Years 2012, 2020 & 2027 II-46

Table 4: World Current & Future Analysis for Global
Distribution System (GDS) by Geographic Region - USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets - Independent Analysis of Annual Sales in
US$ Thousand for Years 2020 through 2027 II-47

Table 5: World Historic Review for Global Distribution System
(GDS) by Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 II-48

Table 6: World 15-Year Perspective for Global Distribution
System (GDS) by Geographic Region - Percentage Breakdown of
Value Sales for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa for Years
2012, 2020 & 2027 II-49

Table 7: World Current & Future Analysis for Airline &
Hospitality IT Solutions by Geographic Region - USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets - Independent Analysis of Annual Sales in
US$ Thousand for Years 2020 through 2027 II-50

Table 8: World Historic Review for Airline & Hospitality IT
Solutions by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets - Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 II-51

Table 9: World 15-Year Perspective for Airline & Hospitality IT
Solutions by Geographic Region - Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa for Years 2012, 2020 &
2027 II-52

III. MARKET ANALYSIS III-1

GEOGRAPHIC MARKET ANALYSIS III-1

UNITED STATES III-1
US Tourism Industry Hit Hard by the COVID-19 Pandemic III-1
Market Analytics III-2
Table 10: USA Current & Future Analysis for Travel Technologies
by Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions - Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 III-2

Table 11: USA Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-3

Table 12: USA 15-Year Perspective for Travel Technologies by
Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-4

CANADA III-5
Table 13: Canada Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-5

Table 14: Canada Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-6

Table 15: Canada 15-Year Perspective for Travel Technologies by
Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-7

JAPAN III-8
Table 16: Japan Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-8

Table 17: Japan Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-9

Table 18: Japan 15-Year Perspective for Travel Technologies by
Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-10

CHINA III-11
Table 19: China Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-11

Table 20: China Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-12

Table 21: China 15-Year Perspective for Travel Technologies by
Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-13

EUROPE III-14
Table 22: Europe Current & Future Analysis for Travel
Technologies by Geographic Region - France, Germany, Italy, UK,
Spain, Russia and Rest of Europe Markets - Independent Analysis
of Annual Sales in US$ Thousand for Years 2020 through 2027 III-14

Table 23: Europe Historic Review for Travel Technologies by
Geographic Region - France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets - Independent Analysis of Annual
Sales in US$ Thousand for Years 2012 through 2019 III-15

Table 24: Europe 15-Year Perspective for Travel Technologies by
Geographic Region - Percentage Breakdown of Value Sales for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2012, 2020 & 2027 III-16

Table 25: Europe Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-17

Table 26: Europe Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-18

Table 27: Europe 15-Year Perspective for Travel Technologies by
Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-19

FRANCE III-20
Table 28: France Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-20

Table 29: France Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-21

Table 30: France 15-Year Perspective for Travel Technologies by
Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-22

GERMANY III-23
Table 31: Germany Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-23

Table 32: Germany Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-24

Table 33: Germany 15-Year Perspective for Travel Technologies
by Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-25

ITALY III-26
Table 34: Italy Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-26

Table 35: Italy Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-27

Table 36: Italy 15-Year Perspective for Travel Technologies by
Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-28

UNITED KINGDOM III-29
Table 37: UK Current & Future Analysis for Travel Technologies
by Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions - Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 III-29

Table 38: UK Historic Review for Travel Technologies by Segment -
Global Distribution System (GDS) and Airline & Hospitality IT
Solutions Markets - Independent Analysis of Annual Sales in US$
Thousand for Years 2012 through 2019 III-30

Table 39: UK 15-Year Perspective for Travel Technologies by
Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-31

SPAIN III-32
Table 40: Spain Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-32

Table 41: Spain Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-33

Table 42: Spain 15-Year Perspective for Travel Technologies by
Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-34

RUSSIA III-35
Table 43: Russia Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-35

Table 44: Russia Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-36

Table 45: Russia 15-Year Perspective for Travel Technologies by
Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-37

REST OF EUROPE III-38
Table 46: Rest of Europe Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-38

Table 47: Rest of Europe Historic Review for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 III-39

Table 48: Rest of Europe 15-Year Perspective for Travel
Technologies by Segment - Percentage Breakdown of Value Sales
for Global Distribution System (GDS) and Airline & Hospitality
IT Solutions for the Years 2012, 2020 & 2027 III-40

ASIA-PACIFIC III-41
Table 49: Asia-Pacific Current & Future Analysis for Travel
Technologies by Geographic Region - Australia, India, South
Korea and Rest of Asia-Pacific Markets - Independent Analysis
of Annual Sales in US$ Thousand for Years 2020 through 2027 III-41

Table 50: Asia-Pacific Historic Review for Travel Technologies
by Geographic Region - Australia, India, South Korea and Rest
of Asia-Pacific Markets - Independent Analysis of Annual Sales
in US$ Thousand for Years 2012 through 2019 III-42

Table 51: Asia-Pacific 15-Year Perspective for Travel
Technologies by Geographic Region - Percentage Breakdown of
Value Sales for Australia, India, South Korea and Rest of
Asia-Pacific Markets for Years 2012, 2020 & 2027 III-43

Table 52: Asia-Pacific Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-44

Table 53: Asia-Pacific Historic Review for Travel Technologies
by Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-45

Table 54: Asia-Pacific 15-Year Perspective for Travel
Technologies by Segment - Percentage Breakdown of Value Sales
for Global Distribution System (GDS) and Airline & Hospitality
IT Solutions for the Years 2012, 2020 & 2027 III-46

AUSTRALIA III-47
Table 55: Australia Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-47

Table 56: Australia Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-48

Table 57: Australia 15-Year Perspective for Travel Technologies
by Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-49

INDIA III-50
Indian Tourism Market Reels Under the Impact of Coronavirus
Outbreak III-50
Market Analytics IIII-51
Table 58: India Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-51

Table 59: India Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-52

Table 60: India 15-Year Perspective for Travel Technologies by
Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-53

SOUTH KOREA III-54
Table 61: South Korea Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-54

Table 62: South Korea Historic Review for Travel Technologies
by Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-55

Table 63: South Korea 15-Year Perspective for Travel
Technologies by Segment - Percentage Breakdown of Value Sales
for Global Distribution System (GDS) and Airline & Hospitality
IT Solutions for the Years 2012, 2020 & 2027 III-56

REST OF ASIA-PACIFIC III-57
Table 64: Rest of Asia-Pacific Current & Future Analysis for
Travel Technologies by Segment - Global Distribution System
(GDS) and Airline & Hospitality IT Solutions - Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 III-57

Table 65: Rest of Asia-Pacific Historic Review for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 III-58

Table 66: Rest of Asia-Pacific 15-Year Perspective for Travel
Technologies by Segment - Percentage Breakdown of Value Sales
for Global Distribution System (GDS) and Airline & Hospitality
IT Solutions for the Years 2012, 2020 & 2027 III-59

LATIN AMERICA III-60
Table 67: Latin America Current & Future Analysis for Travel
Technologies by Geographic Region - Argentina, Brazil, Mexico
and Rest of Latin America Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2020 through 2027 III-60

Table 68: Latin America Historic Review for Travel Technologies
by Geographic Region - Argentina, Brazil, Mexico and Rest of
Latin America Markets - Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 III-61

Table 69: Latin America 15-Year Perspective for Travel
Technologies by Geographic Region - Percentage Breakdown of
Value Sales for Argentina, Brazil, Mexico and Rest of Latin
America Markets for Years 2012, 2020 & 2027 III-62

Table 70: Latin America Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-63

Table 71: Latin America Historic Review for Travel Technologies
by Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-64

Table 72: Latin America 15-Year Perspective for Travel
Technologies by Segment - Percentage Breakdown of Value Sales
for Global Distribution System (GDS) and Airline & Hospitality
IT Solutions for the Years 2012, 2020 & 2027 III-65

ARGENTINA III-66
Table 73: Argentina Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-66

Table 74: Argentina Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-67

Table 75: Argentina 15-Year Perspective for Travel Technologies
by Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-68

BRAZIL III-69
Table 76: Brazil Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-69

Table 77: Brazil Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-70

Table 78: Brazil 15-Year Perspective for Travel Technologies by
Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-71

MEXICO III-72
Table 79: Mexico Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-72

Table 80: Mexico Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-73

Table 81: Mexico 15-Year Perspective for Travel Technologies by
Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT
Solutions for the Years 2012, 2020 & 2027 III-74

REST OF LATIN AMERICA III-75
Table 82: Rest of Latin America Current & Future Analysis for
Travel Technologies by Segment - Global Distribution System
(GDS) and Airline & Hospitality IT Solutions - Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 III-75

Table 83: Rest of Latin America Historic Review for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 III-76

Table 84: Rest of Latin America 15-Year Perspective for Travel
Technologies by Segment - Percentage Breakdown of Value Sales
for Global Distribution System (GDS) and Airline & Hospitality
IT Solutions for the Years 2012, 2020 & 2027 III-77

MIDDLE EAST III-78
Table 85: Middle East Current & Future Analysis for Travel
Technologies by Geographic Region - Iran, Israel, Saudi Arabia,
UAE and Rest of Middle East Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2020 through 2027 III-78

Table 86: Middle East Historic Review for Travel Technologies
by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest
of Middle East Markets - Independent Analysis of Annual Sales
in US$ Thousand for Years 2012 through 2019 III-79

Table 87: Middle East 15-Year Perspective for Travel
Technologies by Geographic Region - Percentage Breakdown of
Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of
Middle East Markets for Years 2012, 2020 & 2027 III-80

Table 88: Middle East Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-81

Table 89: Middle East Historic Review for Travel Technologies
by Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-82

Table 90: Middle East 15-Year Perspective for Travel
Technologies by Segment - Percentage Breakdown of Value Sales
for Global Distribution System (GDS) and Airline & Hospitality
IT Solutions for the Years 2012, 2020 & 2027 III-83

IRAN III-84
Table 91: Iran Current & Future Analysis for Travel
Technologies by Segment - Global Distribution System (GDS) and
Airline & Hospitality IT Solutions - Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027 III-84

Table 92: Iran Historic Review for Travel Technologies by
Segment - Global Distribution System (GDS) and Airline &
Hospitality IT Solutions Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 III-85

Table 93: Iran 15-Year Perspective for Travel Technologies by
Segment - Percentage Breakdown of Value Sales for Global
Distribution System (GDS) and Airline & Hospitality IT

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