The global tourism industry experienced an 18% decline in patent filings in Q1 2024 compared with the previous quarter. The total number of grants dropped by 6%, resulting in overall patent publications decreasing by 18.7%, according to GlobalData’s Patent Analytics. GlobalData’s databook Travel & Tourism: Patents Trends Q1 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of patent applications in the tourism industry was 660 in Q1 2024, versus 812 in the prior quarter. Filings were down 9% year-on-year and decrease 18% quarter-on-quarter. This compares to a 9% year-on-year decrease in patent grants and 18% decline in quarter-on-quarter.
Most patenting activity has been in the Hotels & Resorts sector, where the number of patents filed Q4 2023 was 284, a drop of 16% versus the previous quarter. The second-largest patent count was in Travel Intermediaries (201, up 9%) and then Lodging in third (54, down 56%).
The top five companies accounted for 14% of patenting activity
Analysis of patenting activity by companies shows that the largest number of patents filed over the last quarter was by Toyota Motor with 32, followed by NEC with 24 and China Southern Airlines with 17.
Patenting activity was driven by China with a 39% share of total patent filings
The largest share of patent filings in the tourism industry in Q1 2024 was in China with 39%, followed by the US (23%) and Japan (8%). The share represented by China was 3% lower than the 42% share it accounted for in Q4 2023.
For further understanding of GlobalData's Travel & Tourism: Patents Trends Q1 2024, buy the databook here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
