Big Data in Travel and Tourism - Thematic Research

Published by Global Data on 30th October 2019 | Ref: 1461260 | This Product Is In Stock

$1950 | Single User
$3900 | Site License
$5850 | Enterprise License
$1950 | Single User
$3900 | Site License
$5850 | Enterprise License

Introduction

Big Data in Travel and Tourism - Thematic Research

Summary

Big data is increasingly important for travel and tourism companies as the sheer amount of data collected needs to be properly analysed to make informed decisions.

This thematic research report takes an in-depth look at the theme of big data and the impact it has on the industry, its players, and also on tourists. The report covers the main themes occurring in the industry, real-life case studies a unique thematic analysis of the impact on the industry including recommendations for travel & tourism companies. Additionally, we highlight the public and private companies involved with big data.

“The travel and tourism industry can be made more profitable and efficient with big data analytics. Billions of trips are taken each year and each of these creates multiple data points that are easily recorded through ticket purchases, hotel bookings, and internet searches. Companies are investing in the technology to different extents and those that are only doing so superficially will likely fall behind those that fully understand the power of big data analysis.” - Laura Beaton

Key Highlights

With the huge amount of information collected about travelers around the world, companies are able to make use of targeted marketing to attract the right customers at the right time.

The misuse and mishandling of personal data is a hot topic, thanks in large part to the scandal involving Facebook and Cambridge Analytica. Increased regulation around the storage and processing of data is highly likely - indeed, it is already underway in Europe in the form of the General Data Protection Regulation (GDPR), which came into force in May 2018.

The full-scale mainstream adoption of 5G, which is still a few years away, has the potential to increase data consumption globally. 5G is expected to enable faster speeds (up to 20 gigabits per second (Gbps) per user) and connect around one million devices per square kilometer (approximately 10 times more than with 4G).

So many aspects of booking can be affected by big data analytics - marketing, pricing, and seat or hotel room allocation are just some of these. According to the GlobalData 2019 Q3 survey, online travel agents (OTAs) are the most used avenue for booking travel.

Big data is continuously changing the way tourism brands price and target their customers, by providing more tailored and ultimately better product and service offerings based on the available information. This translates to dynamic pricing (adjusting ticket and room prices based on demand) to ensure firstly that prices remain competitive, and secondly to reduce the likelihood of lost revenue through a lack of bookings.

Scope

- This report provides an overview of the impact of big data analytics on tourism and clearly defines the various faces of the theme.

- It identifies the main trends related to the theme, classified into six categories: travel & tourism trends; data trends; technology trends; data center trends; macroeconomic trends; and regulatory trends.

- This report identifies several case studies to illustrate how big data impacts the industry, including examples from British Airways & Hilton Hotels & Resorts. Additionally, it provides an insight into what companies are doing to increase their understanding of the technology.

- Our unique thematic methodology provides an in-depth analysis on the impact of the theme on the travel & tourism industry, underlining several ways that companies can use big data to improve their operations.

- We highlight public and private companies involved with big data, including Airbnb and Hopper.

Reasons to buy

- Understand the impacts of big data on travel & tourism companies, using case studies and examples to help you understand how you can learn about and adapt to the technology.

- Assess the strategies that companies are adopting to collect, analyse and use the wealth of data available to them.

- GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.

Table of Contents

Table of Contents

Players

Technology briefing

Trends

Travel & tourism trends

Data trends

Technology trends

Data center trends

Macroeconomic trends

Regulatory trends

Industry analysis

Mergers and acquisitions

Timeline

Impact on the travel & tourism industry

Travel & tourism case studies

Recommendations for travel & tourism companies

Value chain

Big data generation

Big data management

Data governance and security

Business intelligence

Data analysis

Data storage

Data processing

Data aggregation

Data integration

Big data product development

Big data consumption

Companies

Public companies

Private companies

Travel & tourism companies

Glossary

Appendix: Our thematic research methodology

Additional Details

Publisher

Global Data

Publisher Information

Reference

1461260 | GDTT-TR-S023

Number of Pages

47

Report Format

PDF

Related Reports

Title
Date Published
Price From
Link

Published by Timetric
31-01-2017

$2,795 USD

Published by StratisticsMRC
01-01-2017

$4,150 USD

Published by StratisticsMRC
01-01-2017

$4,150 USD

Published by StratisticsMRC
01-01-2017

$4,150 USD

This report is published by Global Data

Global Data deliver comprehensive, detailed market intelligence that provides a definitive picture of the markets they serve. Their data is complete, detailed, global and completely cross-country comparable.

With different types of data other providers don’t provide, our clients can access a variety of tools that add context to our core data including innovation tracking, sentiment analysis, price monitoring, M&A tracking, competitor intelligence, and city-level intelligence.

Download Free Report Summary PDF

Big Data in Travel and Tourism - Thematic Research | Download PDF Summary

Download our FREE report summary PDF. It contains all the information on these web pages, plus a Proforma Invoice request form, should you need it to satisfy your company's internal order procedures.

Ordering Information

Orders are processed immediately and you will be notified of the despatch date on confirmation of your order.

Accepted Card Types

Payment

Buy now using our secure payment system.