The global digital travel market size is calculated at USD 530.32 billion in 2024 and is predicted to attain around USD 2164.16 billion by 2034, expanding at a CAGR of 15.1% from 2024 to 2034.
The digital travel market is increasing as more and more people turn to technology to plan and book their trips. The market works with just a smartphone, where travelers can book flights, find hotels, discover activities, and even check in for their flights from the palm of their hand. This shift to digital has made travel more accessible and convenient than ever before. Companies use data and artificial intelligence to suggest personalized destinations, activities, and itineraries, making every trip feel unique and customized. The travel industry is expected to benefit significantly from IoT innovations. Among these are sensors that are connected to the internet and built into everyday products like automobiles, bags, and even entire structures. The factors that are contributing to the growth of the digital travel market are rapid digitization, user-friendly systems, advancements in cloud computing technology, and tailor-made apps.
The underdeveloped travel and tourism sector in different parts of the world and a massive population of elderly citizens are creating a challenge for the digital travel market. This market is expected to keep growing, offering even more opportunities for travelers to have smooth, enjoyable, and customized experiences through innovations and better and easy accessibility to technology.
Published by Kesiya Chacko
