INNOVATION REPORT 2024


GTǝšŘóİíǝŨśóİíšǝĒİǝŨśËƂóĨƺǝƤƢƤƥǑƤƦ 6% IT spend rise in 2023


12% Predicted IT spend increase in 2024


£104bn UK travel industry turnover in 2023


TĺŭśǝlŘóśËŨĺśš £193.9m


PËššóİĉóśǝ¸ËŨóśǝ TśËİšŘĺśŨ


£151.2m


TśËƂóĨǝ ĉóİŨš £648m


Fig 2:


TOTAL IT SPEND IN TRAVEL INDUSTRY 2023


PËššóİĉóśǝ Ēśǝ TśËİšŘĺśŨ


£525.5m


£1.97bn Total amount


spent on IT by travel sector in 2023


dzƪƢƢm dzƩƢƢm dzƨƢƢm dzƧƢƢm dzƦƢƢm dzƥƢƢm dzƤƢƢm dzƣƢƢm


Increase in IT


9% spend


for all UK


sectors, 2023


dzƣƢƺƢƢƢ


Fig 3: TOTAL IT SPEND BY SECTOR: PRE-PANDEMIC, PAST TWO YEARS AND 2024* (FORECAST) 2019


2022 2023 dzƣƩƺƨƩƩ dzƣƨƺƩƪƪ dzƣƧƺƢƢƢ 2024*


DĺŨóĨš £455.9m


dzƧƺƢƢƢ dzƣƺƢƢƢ -2%


Passenger Air Transport only sector to see a dip in IT spend in 2023


2019 2020 2021 2022 2023 Fig 4: TOTAL IT SPEND PER EMPLOYEE BY SECTOR: 2019 TO 2024* (FORECAST) 2024*


TRAVOLUTION.COM — OCTOBER 2024 — 27


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