News & Articles

2023 saw an explosion of mobile travel app usage at 15.6 billion hours versus 12.6 billion from the year before (Phocuswire). Increasing adoption of the technology by travelers and travel providers have positioned mobile devices as an essential travel tool, shifting away from a nice to have travel accessory. Airlines are prioritizing their own branded […]

The digital revolution sparked innovations in banking and currencies, creating a movement towards a cashless society. Some countries have begun to slowly eliminate fiat currency all together. Canada, for instance, stopped producing and distributing pennies in 2013. A more recent innovation that spurred another currency revolution is blockchain technology. Blockchains power digital currencies, or cryptocurrencies,

Niche categories within the travel market are enjoying robust growth and once such a category is seeing explosive demand and is forecast to grow at a healthy 21.6% CAGR through 2034. Increasing health care costs and longer wait times for procedures are driving demand for medical related travel, powering growth in the Medical Tourism category.

The outlook for travel remains strong as volumes finally begin to exceed 2019 levels, putting global lockdowns in the distance. Business and corporate travel is a shining star in the industry with 40% of businesses expected to increase travel and 42% of corporations expecting to spend more for travel in 2025 (Flight Centre Corporate research).

In spite of challenges within the industry, air passenger volume is expected to reach 104% of pre-pandemic (2019) levels which is good news for airlines who are still reeling from the effects of global lockdowns. With traffic back in growth mode, airlines are setting their sites on how they sell their goods and are investing

Lockdown Effects Still Felt in the Travel Industry With global COVID-19 lockdowns 2 years in the past, the travel industry is still feeling the effects of those shutdowns and is only reaching 2019 traffic and volume levels. Another major factor that the industry is still reeling from is hiring and maintaining frontline team strength. A

Gaining an Advantage in a Crowded Marketplace Traffic and volume for leisure travel is expected to surpass pre-pandemic levels this year and the recovery has also driven the amount of travel related businesses that are in operation. Statista forecasts 558,573 businesses in the travel services industry worldwide, significantly higher than 2019’s tally of 443,790 travel

A Global Currency for a Global Business Adoption and mainstream use of digital currencies continues to ramp up with more than 992 million cryptocurrency users forecasted by 2028. The rosy outlook carries over to market size with Statista forecasting the cryptocurrency market to value at $4.81 billion by 2030 and a CAGR of 17%. Cryptocurrency