Wearable technology to transform travel industry by 2016, says WTM report

The World Travel Market (WTM) Global Trends Report 2014 has identified key trends that will transform the travel industry in the future, including wearable technology and big data analytics.

Wearable technology to go mainstream by 2016
Wearable technology to go mainstream by 2016

The report, which was revealed at the four-day WTM this week, predicts that wearable technology will go mainstream by 2016, as wearable, internet-connected devices are expected to rise from 9 million units sold gloablly in 2013 to a forecasted 180 million in 2016. This trend will lead to a sharp growth in travel bookings made through wearable technology. In February, Virgin Atlantic launched a six-week Google Glass pilot scheme for travellers.

The research also revealed that mobile technology is currently transforming the landscape, with mobile bookings expected to reach 35% of online travel bookings by 2018. Currently, global online travel sales amounts to 27% of a total sales figure of £368bn (US$590bn).

Asia Pacific is expected to drive global growth online, with sales set to double from £56bn (US$90bn) to £112bn (US$180bn).

Big data analytics, peer-to-peer services, personalisation and in-destination services are currently the fastest-growing trends in online travel and are expected to be the main disruptive forces in the travel industry over the next five years.

Global overview

The research predicts global GDP growth of 3.4% for 2014, up from 3% in 2013, with China, India and the Association of South East Asian Nations key drivers of growth.

Brazil, Russia, India and China have lost their shine but China, despite seeing an expected slowdown, is still poised to overtake the US as the world’s largest economy in Purchasing Power Parity terms in 2014.

More:

Apple Watch: 3 things event planners should know

101 Ideas: Nine hot tech trends

The Big Debate: Is Google Glass a gimmick?


Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Behind the winning entry: Events Destination of the Year

Behind the winning entry: Events Destination of the Year

Visit Belfast wowed the judges at this year's C&IT Awards and demonstrated how the city has become a top MICE destination.

Complete the C&IT Corporate Survey for a chance to win a stay in the Cotswolds

Complete the C&IT Corporate Survey for a chance to win a stay in the Cotswolds

Corporate event planners could win a stay at the Lygon Arms by contributing to our first ever State of the Industry Corporate Report.

Hotel review: Signiel Seoul

Hotel review: Signiel Seoul

Five-star glamour high in the sky above the South Korean capital, with impressive facilities for meetings and events.

Head and neck cancer congress going to Brisbane

Head and neck cancer congress going to Brisbane

International Federation of Head and Neck Oncologic Societies event will take place on the east coast of Australia in 2026.

NoMad Las Vegas opens its doors

NoMad Las Vegas opens its doors

Aiming high with a concept of the 'refinement of a European home', NoMad Las Vegas is on the top four floors of Park MGM.

WRG hires two new account directors

WRG hires two new account directors

Simon Bull and Leanne Attridge have been appointed account directors for client services.

Paris to host 72nd International Astronautical Congress in 2021

Paris to host 72nd International Astronautical Congress in 2021

More than 6,500 representatives of the international space community will gather at the Paris Convention Centre.

New vice president account director for GPJ

New vice president account director for GPJ

John Romero has joined George P Johnson in a senior role, 20 years after his first job at the company.

Behind the winning entry: MICE Sales Team of the Year

Behind the winning entry: MICE Sales Team of the Year

Lime Venue Portfolio's sales team picked up a C&IT Award after a record-breaking year with solid client relationships.

My Dream Event: The first Premier League Hall of Fame at the O2

My Dream Event: The first Premier League Hall of Fame at the O2

Robbie Williams and the Rolling Stones would be among the entertainment organised by Chris Brenta from TEN6 Creative.

LATEST JOBS