INNOVATION REPORT 2022


GTǝšŘóİíǝŨśóİíšǝĒİǝŨśËƂóĨƺǝƤƢƤƣǑƤƤ 44%


Predicted IT spend increase, 2022


TĺŭśǝlŘóśËŨĺśš £149.1m


PËššóİĉóśǝ¸ËŨóśǝ TśËİšŘĺśŨ


£113.6m


TśËƂóĨǝ ĉóİŨš £314.2m


GTǝšŘóİíǝĒİçśóËšóƺǝ 2021


4%


Water Transport is only travel sector still below pre-pandemic IT spend


-5%


Total amount spent on IT by travel, 2021


£1.38bn


DĺŨóĨš £349.2m


dzƩƢƢm dzƨƢƢm dzƧƢƢm dzƦƢƢm dzƥƢƢm dzƤƢƢm dzƣƢƢm


Fig 3: TOTAL IT SPEND IN 2021 AND 2022 (FORECAST) VERSUS PRE-PANDEMIC (2019) 2019


2021 Increase in IT 8%


spend for all UK sectors, 2021


dzƣƢƺƢƢƢ


Rise in IT spend by Hotels versus pre-pandemic – biggest of any sector


22% 2022 forecast Fig 2:


TOTAL IT SPEND IN TRAVEL INDUSTRY, 2021


PËššóİĉóśǝ Ēśǝ TśËİšŘĺśŨ


£453.9m


dzƣƧƺƢƢƢ


dzƧƺƢƢƢ dzƣƺƢƢƢ 2017 2018 2019 Fig 4: TOTAL IT SPEND PER EMPLOYEE IN TRAVEL, 2017-22 2020 2021 2022 est


TRAVOLUTION.CO.UK — OCTOBER 2022 — 29


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