2023 marked a pivotal year for the global travel industry, as travel gross bookings grew by 24% to $1.5 trillion. Phocuswright projects that the global travel market will continue to grow through 2026, with annual gains ranging between 6-10%. This growth highlights the industry's resilience and rapid adaptation to a digital future that balances traditional ways of doing business with an exciting future of emerging technologies.
With a projected CAGR of nearly 10% between 2023-2026, the global online travel market will continue its expansion, driven by shifts in consumer behavior, enhanced digital infrastructure and technological advancements.
As a travel executive, understanding this new dynamic is critical to your success. At Northstar Travel Group, we provide the insights and platforms to fuel strategic planning and drive growth, empowering your business to make informed, impactful decisions.
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PhocusWire is a comprehensive daily news companion for the industry, powered by Phocuswright, the most respected travel research authority and events brand in the world. At PhocusWire we cover, analyze and debate the most important industry developments. We speak to leading figures in the sector and challenge their assumptions, but also give them and our readers the opportunity to debate these exciting and sometimes confusing developments within the market.
Phocuswright is the travel industry's leading driver of great decisions. Make confident, data-driven decisions that outpace your competition by leveraging our in-depth insights and analysis. Phocuswright products provide expert-driven research reports and interactive data, so your team can identify emerging trends and seize new opportunities faster.
Headquartered in Singapore, WiT hosts events across APAC, the Middle East and Africa, exploring online travel and evolving trends in marketing, distribution and technology. Inntopia Marketing Cloud is a one-stop CRM platform that turns customer data into more revenue, better guest experiences, and higher ROI.
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10.06.2025 - 10.08.2025
WiT Singapore
Singapore
WiT Singapore Singapore Sponsored by 2025-10-06 9 0 am EDT 2025-10-08 Learn More WiT Singapore, launched in 2005, is our annual must-attend event for travel technology in Asia Pacific. Our flagship conference, built on WiT’s expertise on digital and travel, i
11.18.2025 - 11.20.2025
The Phocuswright Conference
San Diego, CA, USA
The Phocuswright Conference San Diego, CA, USA Sponsored by 2025-10-18 9 0 am EDT 2025-11-20 Learn More Get ready for the travel industry event of the year – the biggest gathering of influential leaders, pioneering executives and innovative startups.
11.27.2025
WiT Seoul
Seoul, South Korea
WiT Seoul Seoul, South Korea Sponsored by 2025-11-27 9 0 am EDT Learn More WiT Seoul was launched in 2016, in partnership with Tidesquare, to serve as a bridge between South Korea and the global travel market to unearth and share the latest innovations and tre
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Phocuswright, Northstar Travel Group’s research firm, is your company's competitive advantage in the rapidly evolving travel, tourism and hospitality marketplace. Phocuswright's rigorous analysis and fierce independence provide the clarity and confidence you need to make the right strategic decisions.
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Northstar Travel Group provides in-depth digital coverage of travel technology across all three of its core audience bases. We explore new technologies being deployed for travel advsiors and tour operators. Our Business Travel Group examines emerging trends and applications for high volume corporate travelers and our meetings and incentive content teams report and review the groundbreaking solutions for the events and groups space.
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