Key Takeaways
- The global travel and tourism sector generated 7.6% of global GDP in 2023.
- The travel and tourism sector generated 330,000,000 jobs (330 million) in 2023 (1 in 9 jobs globally).
- Travel and tourism’s contribution to global GDP in 2019 was 10.4%.
- Star Alliance’s OneSource passenger service processes more than 1.1 billion passengers annually across participating airlines.
- Google travel data: In 2023, travelers used Google to search for “things to do” 2.5x more than in 2019 (search trend index).
- Skyscanner reported that 2023 holiday searches increased year over year (index).
- IATA introduced the NDC standard for airline distribution; NDC uses XML-based message formats.
- IATA reported that as of 2024, more than 120 airlines and 500+ travel agencies have adopted NDC (count).
- IATA reported 2014 was the start year for NDC; early versions were released in 2016.
- Payment Card Industry (PCI) compliance requires implementation of 12 core requirements (PCI DSS).
- GDPR mandates fines up to €20 million or 4% of global annual turnover (whichever higher) for certain infringements.
- GDPR requires data breach notification within 72 hours (Article 33).
- Identity verification is regulated by GDPR and KYC frameworks; not a single number. (Not).
- PSD2 requires Strong Customer Authentication (SCA) for electronic payments (rule).
- PSD2 effective date: 13 January 2018 (reg timeline).
Travel tech powers global recovery: $9.5T GDP, 1.3B arrivals, 330M jobs, personalization.
Market Size & Growth
Market Size & Growth Interpretation
Digital Adoption & Customer Behavior
Digital Adoption & Customer Behavior Interpretation
Technology Trends & Infrastructure
Technology Trends & Infrastructure Interpretation
Security, Privacy & Compliance
Security, Privacy & Compliance Interpretation
Travel Payments & Bookings
Travel Payments & Bookings Interpretation
References
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- 3wttc.org/research/economic-impact-research/global-travel-tourism-economic-impact-report/
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