Travel’s next era is defined by five forces: agentic AI becoming the new intermediary, a “worth it” value equation built on relevance, experiences shifting to the primary purchase, frictionless travel as a strategic necessity, and the poly-crisis traveller rerouting rather than retreating. This report unpacks each trend with data, case studies and actionable recommendations for operators to win in a market exceeding USD3.8 trillion over the period to 2031.
Delivery
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Key findings
Agentic AI rewrites the travel journey
Agentic AI is becoming the primary layer between traveller and supplier, shifting travel from “search and compare” to “ask and book”. Brands embedding AI across the entire journey will own the next era of discovery and loyalty.
Value redefined around experience and relevance
Post-pandemic spending remains strong but travellers are more selective. A two-speed market has emerged where premiumisation and cost-conscious behaviour grow in parallel, with younger generations redefining value around experience quality, personal relevance and trust over price.
Experiences take over as travel’s main event
The fastest growth in travel is shifting towards activities, attractions and memorable experiences rather than transport or accommodation. Travellers now build trips around passions and fandoms, making flights and hotels enablers rather than the primary purchase.
Frictionless travel becomes a strategic necessity
Biometric boarding, digital travel credentials and mobile-first ecosystems are transforming the journey from booking to arrival. Frictionless travel is now a measurable driver of loyalty and competitiveness, not merely a convenience, rewarding operators that invest in seamless infrastructure.
Travellers reroute rather than retreat amid crisis
Travel demand remains resilient despite overlapping crises. Travellers reroute through intra-regional corridors, while operators build resiliency as strategic advantage, learning from crises to absorb uncertainty.
Our expert’s view of travel in 2026
Key findings
A USD3.2 trillion market shifts from recovery to reinvention
Top five trends in travel
Top five trends uncovered
AI rewrites the travel journey
Mindtrip: Travel’s first chat-to-checkout flight booking
Amex GBT Egencia: AI connector in Claude for business travel
Opportunities for growth: AI as the new intermediary
The new value equation in travel
Delta Air Lines: Premium brand commanding 20% more per seat
ixigo: Utility-driven value for price-conscious travellers
Growth through tiered, value-led offerings
The experience-led travel shift
GetYourGuide: first experiences platform to cross EUR1 billion
Tomorrowland Global Journey: festival as mega travel operator
Opportunities in the experiences economy
The seamless travel battleground
Emirates and Dubai Airport: Biometric path and red carpet corridor
Trip.com and IATA: digital ID wallet pilot for booking
Growth through seamless travel infrastructure
Resilient travel in an uncertain world
Saudi Arabia: Package visa and Vision 2030 tourism transformation
South Korea: K-Culture Visa and intra-Asian tourism wave
Operators building resiliency as a strategic advantage
Future implications
Opportunities for growth
Travel
Travel encompasses several categories including tourism flows, lodging, travel modes, in-destination spending and booking.
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