Travel Sector to Step Up Technology Investment by 14 Percent in 2024

A new global study from Amadeus, Travel Technology Investment Trends, has revealed strong investment appetite across the travel sector in 2024. Almost all travel companies surveyed (91%) said they expect a "moderate to aggressive" increase. " of investment in their organizations in 2024.

The study, launched today and examining eight different sectors related to the end-to-end travel process in ten markets, is the first comprehensive report of its kind. It compares the investment intentions and technology priorities of full-service and low-cost airlines, airports, hotels, travel sellers (online, business and leisure), corporates and payment departments from all over the world at the current time. It also reflects his ambitions for the future.

Investment in travel technology to increase across the sector
Along with companies' growth plans, the travel technology market shows promise by 2024. More than two-thirds (67%) of decision makers The sector expects to increase specific investment in technology this year, compared to spending in 2023. By sector, the average increase in spending expected for 2024 is as follows:

Sector: Average percentage increase:
Airports 17%
Businesses 15%
Hotels 14%
Airlines 13%
Travel sellers 13%
Travel payments 12%