Technology has long played a role in our travel experiences. With almost one-third of Americans planning more leisure travel in 2023, it's no wonder item trackers have experienced a strong start this year.
CHICAGO, April 24, 2023 /PRNewswire-PRWeb/ -- Technology has long played a role in our travel experiences. From navigation to entertainment and, most recently, tracking products that ensure our travel essentials arrive at our final destination. With almost one-third of Americans planning more leisure travel in 2023, it's no wonder item trackers have experienced a strong start this year. Sales revenue for these products increased by 82% in the U.S. and unit sales grew 63% in January and February combined, according to Circana, formerly IRI and The NPD Group.
While keeping tabs on luggage and travel accessories is just one use-case for item trackers, Circana's Retail Tracking Service data shows sales revenue from item trackers surged 94% in January 2023 alone, following the many travel disruptions during the 2022 holiday season. In 2022, sales of both item trackers and travel goods experienced continued growth following strong gains in 2021. Last year luggage and travel accessories sales revenue increased 16%, while item tracker sales grew 48%.
"Despite economic headwinds facing consumers, spending on travel is expected to continue to pick-up in 2023 and 2024, presenting a unique opportunity for travel-adjacent technology products," said Ben Arnold, executive director and industry analyst at Circana. "Categories like item trackers, on-the-ear headphones, and portable power packs that keep travelers connected, entertained, and powered-on while on the go have had positive growth in a challenging first quarter."
About Circana
Circana is the leading advisor on the complexity of consumer behavior. Through unparalleled technology, advanced analytics, cross-industry data and deep expertise, we provide clarity that helps almost 7,000 of the world's leading brands and retailers take action and unlock business growth. We understand more about the complete consumer, the complete store, and the complete wallet so our clients can go beyond the data to apply insights, ignite innovation, meet consumer demand and outpace the competition. Learn more at http://www.circana.com.
Media Contact
Megan Scott, Circana, 516.625.7516, [email protected]
SOURCE Circana
Share this article