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Global Digital Spending in Travel & Hospitality at $22 Bn in 2018 and is Expected to Reach $57 Bn by 2023: Says Zinnov

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Press Trust of India BANGALORE
Last Updated : Dec 24 2018 | 1:15 PM IST

/ -- Global digital outsourcing opportunity for Service Providers in the T&H vertical is pegged at $1.6 Bn in 2018 and is expected to grow to $4 Bn by 2022 at 20% CAGR
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Speaking at the launch of the report, Praveen Bhadada, Partner & Practice Head, Digital Transformation, Zinnov said, "Over the last 12-18 months, T&H has been experiencing a large volume of digital investments with increasing deal sizes. More than 20% of the digital deals in this space are over $5 Mn in value. Digital investments are majorly targeted towards areas such as personalized and connected travel experience and enhancement of workforce efficiency. We are witnessing the convergence of multiple digital technologies - AI, IoT, and RPA to deliver these use cases. Leading Service Providers focused on the segment are investing in T&H-specific IPs, leveraging industry partnerships, and engaging with differentiated engagement models to outpace the competition."

About Zinnov Zones
The detailed ratings and contact information of Service Providers are available at zinnovzones.com/ratings
About Zinnov
Founded in 2002, Zinnov is a global management and strategy consulting firm, with presence in Silicon Valley, Houston, Bangalore, and Gurgaon. Over the past 16 years, Zinnov has successfully consulted with over 250+ Fortune 500 customers to develop actionable insights that help them in their transformation journeys. With core expertise in Product Engineering and Digital Transformation, Zinnov assists clients by:

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First Published: Dec 24 2018 | 1:15 PM IST

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