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Travel tech trends by Matt James


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MIST tourism startup accelerator 2017

Published in: Travel
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Travel tech trends by Matt James

  1. 1. Travel Tech: What’s happening & who is profiting Matt James Senior Manager, Corporate Strategy Amadeus Asia 5 May 2017 ©2016AmadeusITGroupSA
  2. 2. 2 Amadeus IT Group Distribution IT Solutions Provision of indirect distribution services Including direct distribution technology Travel providers in Amadeus 709 airlines 379,000+ hotel properties 233 tour operators 43 car rental companies 50 cruise and ferry lines 90 rail operators 16 insurance providers 200 airport operators 95 ground handlers Online and offline travel agencies Travel agencies Full Service and Low Cost airlines Travel providers What Amadeus does
  3. 3. 3 Operational performance Global Competitive Position in Distribution (Travel Agency air bookings) Travel Agency Bookings Helping airlines to sell tickets Amadeus Altéa Passenger Service System (Airlines contracted) Passengers Boarded Helping airlines with ticket redemption 43.2% 175 1.4 billion595 million
  4. 4. 4 Travel is huge 1/10 Jobs are in Travel $7,600,000,000 Total contribution to GDP $1,401.5 Billion Visitor exports 292 Million jobs worldwide 10.2% Total contribution to the global economy (by GDP) Travel & Tourism will outperform the global economy in the next decade Source:
  5. 5. And the focus is on Asia 64% 45% 46% 44% 25% 29% 34% 51% 10% 21% 16% 4% 1% 5% 5% 1% 2005-2009 2010-12 2013-14 2015-16 NORAM APAC EU RoW Source: Global Startup Ecosystem Ranking, 2017; PCW, 2016 Startups in APAC gaining importance #of startups and funding shifting APAC world’s fastest- growing region South East Asia growth in Travel & Tourism GDP (7.9%) Share of funding by region 5
  6. 6. Tech opens up the wider travel chain Search Pre-Trip On-TripBook Post-TripInspiration 6
  7. 7. 5 trends changing travel Access Economy Smart Cities Virtual & Augmented Reality Internet of Things Messaging apps 1 2 3 4 5 7
  8. 8. 8 Access Economy Post-TripOn-TripPre-TripBookSearchInspiration Evolution in the “sharing” economy Re-intermediation Multi service platforms Extension Trips Accommodations Tour & Activities Places (Recommendation) Other services
  9. 9. 9 Internet of Things On/Off Switch Any smart device with an on/off switch can be connected to the Internet and/or to each other; can be controlled by smartphone, tablet, natural language and even facial recognition Internet • EFFICIENCY RECOVERY • PREVENTATIVE VALUE ADDED Post-TripOn-TripPre-TripBookSearchInspiration Airports Luggage People, Devices, Content and Services Airlines Hotels
  10. 10. Changing the way you travel Smart Cities Traffic Condition Parking Information Incidents & Road worksAutonomous taxis, busses Smart GovernmentSmart Living Smart PeopleSmart Environment Smart Economy Smart Mobility Get Real-Time information direct from your on-board units sensors 10 Greater Convenience with additional payment methods: Giro, Virtual Cards, Credit/Debit cards Ease of payment: • Automatic payment for off-peak car usage • Checkpoint tolls • Parking charges (incl. road side parking) Asia-Pacific (APAC), Middle East and Africa (MEA) are expected to be the highest revenue generating regional market segments with the highest market size by 2019 Estimated Travel Time Post-TripOn-TripPre-TripBookSearchInspiration
  11. 11. 11 Messaging Apps Services/Transactions capability already available through Messaging Apps in the travel life cycle Post-TripOn-TripPre-TripBookSearchInspiration Post-TripOn-TripPre-TripBookSearchInspiration Smart messaging through Artificial Intelligence
  12. 12. 12 Virtual & Augmented Reality San Jose Airport’s AR, WayfindingMarriott’s Teleporter The Wild Within, the 1st VR Travel Experience Virtual Tour AR Wayfinding, Information for travel destination Image Search Object DetectionAuto Trip Planner 360 Degree Videos / Pictures Extra information of tourist sites, maps, etc. Post-TripOn-TripPre-TripBookSearchInspiration Post-TripOn-TripPre-TripBookSearchInspiration
  13. 13. 13 Amadeus Next ignites and advances game changing ideas of great entrepreneurs to shape the future of travel. We mentor, nurture and partner with travel startups in Asia Pacific on their journey to scale into awesome companies. Amadeus Next leverages Amadeus’ technology, expertise, reach, and funding to empower the leading travel tech community in Asia Pacific.
  14. 14. 14 What’s in it for startups?
  15. 15. Join and together let’s shape the future of travel Get in touch: Thank you! 15