Phocuswright: the value of travel bookings will reach $1.8 trillion by 2027

According to the Phocuswright Global Travel Market Report 2025, the global travel industry recorded travel bookings worth $1.6 trillion in 2024, which is expected to approach $1.8 trillion by 2027.

Online   bookings   increased   by  9%  in 2024,  and   by  2027,  two – thirds   of   all   travel   bookings   will   be   made   online.

This new era of travel, driven by the adoption of digital technology and steady demand for leisure, is characterised by structural changes on many fronts. Established markets maintain their lead, while emerging regions such as the Middle East, Mexico, Brazil and India are expected to show the greatest growth potential by 2027.

< Older Post

Newer Post >

More News & Views

Architects’ Journal: reports paint bleak industry picture, but UK hotel sector relatively strong

by Becky Hoyle • 29 January 2026
New data from the RIBA, construction sector analyst Glenigan and the British Property Federation show a decline in residential construction

Staycity Group completes on landmark hotel project in Nine Elms, London

by Becky Hoyle • 29 January 2026
ASAP Operator Member Staycity Group has completed on a sale, development and leaseback transaction with Bridges Fund Management and Citygrove 

Top 6 Serviced Apartments in London for C-suite Professionals

by Becky Hoyle • 24 January 2026
This article in Feast Magazine champions three ASAP Operator Members topping its list of six, as offering exceptional accommodation in the capital

Architects’ Journal: reports paint bleak industry picture, but UK hotel sector relatively strong

by Becky Hoyle • 29 January 2026
New data from the RIBA, construction sector analyst Glenigan and the British Property Federation show a decline in residential construction

Staycity Group completes on landmark hotel project in Nine Elms, London

by Becky Hoyle • 29 January 2026
ASAP Operator Member Staycity Group has completed on a sale, development and leaseback transaction with Bridges Fund Management and Citygrove 

ASAP Industry Development Sponsors 2025

The support of our sponsors is essential for our efforts in advocating for our members and interacting with policymakers.