The Travel and Transportation industry is made up of various sectors
that often interact with one another as part of a network. This industry can be divided into two main categories: Passenger Travel and Leisure, and Cargo Transportation.
The Passenger Travel and Leisure sub-cluster, as defined by SAP, encompasses industries such as airlines, airports, railways, hospitality, and urban mobility. To remain competitive, these sectors must prioritise efficiency in managing costs and generating revenue by offering new and unique services to customers at attractive prices. With the growing emphasis on the experience economy, it's essential for these industries to focus on the well-being of both guests and employees, as well as supply chain and asset management. Companies and partnerships that use technology to achieve these goals will likely be leaders in the future.
The Cargo Transportation and Logistics sector is currently undergoing changes as long-haul companies consolidate and new technologies become more widely available. Advancements such as 5G are increasing the ability to collect and analyse real-time data and enable autonomous driving. Services are also expanding across all modes of transportation and are being managed by a global network of interconnected providers. Additionally, governments and markets are making efforts to address global sustainability challenges. To prepare for these evolving market conditions, businesses must be resilient, adaptable, and flexible.
