The global travel & tourism industry experienced a 58% rise in company filings mentions of internet of things in Q1 2023 compared with the previous quarter, with the highest share accounted for by Southwest Airlines with 33% year-on-year increase, according to GlobalData’s analysis of over 42 travel & tourism company filings. The growing application of Internet of Things will prove to have a transformative impact on the the travel & tourism sector. GlobalData’s Internet of Things (IoT) Market Size, Share and Trends, Analysis and Forecast report helps keep abreast of the latest trends in Internet of Things, market opportunity forecast and the competitive landscape. Buy the report here.
Notably, internet of things was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of artificial intelligence and environment, according to GlobalData.
Of the top leading companies in the travel & tourism industry, Southwest Airlines had the greatest increase in references for internet of things in Q1 2023, compared with the previous quarter. GlobalData identified 8 internet of things-related sentences in the company's filings - 19% of all sentences - and an increase of 300% in Q1 2023 compared with Q1 2022. Walt Disney’s mentions of internet of things rose by 100% to 3 and Booking’s by 100% to 1.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for internet of things in Q1 2023 was 98.
To further understand GlobalData's analysis on Internet of Things (IoT) Market Size, Share and Trends Analysis by Region, Type (Enterprise, Consumer), Product (Hardware, Software and Services), Enterprise Size, Vertical (Government, Utilities, Manufacturing, Transport and Logistics and Others) and Se buy the report here.