Why the ANZ travel market is contracting in 2026 (and what recovers by 2029)
The ANZ travel market is set to contract nearly 5% in 2026, with hotels down 9% and airlines down 1% as fuel costs rise and cost-of-living pressure persists. Car rental is the only segment holding steady growth. Phocuswright's Australia-New Zealand Travel Market Brief 2026 breaks down what's driving the downturn by segment and when the market is expected to recover to $43.3 billion by 2029.
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