Smart Cities in Travel and Tourism – Thematic Research

Mass tourism in cities will spur the need for smart solutions to relieve pressure on resources and infrastructure. As the impact of the pandemic, tourists are returning to cities in their hordes, which is reintroducing the issue of over tourism. Destinations such as Florence are now using smart city solutions to minimize this impact. The ‘Feel Florence’ app suggests routes and experiences to visitors while detecting tourist flows in real-time. By collecting data from sensors deployed across the city, the app lets visitors know which attractions are overcrowded, so their experience is untarnished and historic buildings are conserved and maintained.

The smart cities in travel and tourism thematic intelligence report provide an overview of smart cities and destinations. The report outlines the growing importance of smart city solutions. It also provides a detailed industry analysis of smart cities and destinations, discussing a wide range of use cases in the process. Moreover, it identifies the leading smart cities and destinations, and the key elements of their strategies.

Key Trends

The key trends that will shape the “smart cities” theme can be classified into four categories: technology trends, macroeconomic trends, regulatory trends, and tourism trends.

• Technology trends – The report focuses on key technology trends impacting the “smart cities” theme including the metaverse, increasing cyber threats, digital twins, AI adoption, 5G, surveillance tech, and accelerated digitalization.

• Macroeconomic trends – The key macroeconomic trends that will shape the ‘smart cities” theme are the post-covid smart city, water shortages, smart city geopolitics, and the digital silk road.

• Regulatory trends – The report highlights the key regulatory trends shaping the “smart cities” theme are the impacts of cop26 on cities and emerging tech charters. 

• Tourism Trends: The key tourism trends that will shape the “smart cities” theme are travel apps, major events, premiumization, low-cost evolution, experience economy, and private sector integration.

Smart Cities in Travel and Tourism – Industry Analysis

The smart cities market size was $221.1 billion in 2019. The market is expected to grow at a CAGR of more than 11% from 2019 to 2025. Increased urbanization is already causing infrastructure headaches for cities, which will only worsen. These challenges are driving the creation of smart cities.

Smart cities in travel and tourism market analysis also cover:

• Hiring trends
• Social media trends
• Case studies
• Smart destination case studies
• Mergers & Acquisitions

For more insights on how smart cities are impacting the travel & tourism market, download a free report sample

Smart Cities in Travel and Tourism – Value Chain Analysis

GlobalData’s smart cities in the travel and tourism industry are split into three segments: smart city platforms, smart city applications, and smart city services.

Smart City Platforms: Smart city platforms provide a platform for the unified delivery of local public services. Although each city is unique, and all have their challenges around delivering services and providing vital infrastructure, a common factor is that more value will be delivered by integrating each smart city service into an all-encompassing platform. This allows for the creation of open data services to encourage innovation and the development of new digital services.

Smart Cities Value Chains in Travel and Tourism

For more insights on how smart cities value chains in the travel and tourism market, download a free report sample

Leading Public Companies

Some of the leading public companies making their mark within the smart cities theme are:

• Accenture
• Alibaba
• Cisco

Leading Private Companies

Some of the leading private companies making their mark within the smart cities theme are:

• 75F
• Cleverciti
• Huawei

To know more about leading companies associated with the smart cities theme, download a free report sample

Smart Cities in Travel and Tourism Sector Scorecard

GlobalData uses a scorecard approach to predict tomorrow’s leading companies within each sector. The sector scorecards help to determine which companies are best positioned for a future filled with disruptive threats. Each sector scorecard has three screens:

• The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
• The valuation screen ranks companies within a sector based on selected valuation metrics.
• The risk screen ranks companies within a particular sector based on overall investment risk.

Industrial Automation Sector Scorecard – Thematic Screen

For more insights on sector scorecard associated with the smart cities theme in the travel and tourism market, download a free report sample

Smart Cities in Travel and Tourism Market Overview

Reasons to Buy

• Understand the impact of smart cities on the tourism industry and use case studies to gain context.
• Assess the strategies that cities and destinations are adopting when using smart solutions.
• Discover the cities and destinations that are leading in this space.
• To view real-world trends created by the adoption of smart solutions in urban areas.
• GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.