Travel Arrangement and Reservation Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global travel arrangement and reservation services market as it emerges from the COVID-19 shut down.
Reasons to Purchase
Description:
Where is the largest and fastest growing market for the travel arrangement and reservation services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Travel Arrangement and Reservation Services market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider travel arrangement and reservation services market, and compares it with other markets.
Scope
Markets Covered:
1) By Type: Travel Agencies; Tour Operators; Convention and Visitors Bureaus; Other Travel Arrangement and Reservation Services
2) By Mode of Travel: Domestic Travel; Foreign Travel
3) By Mode of Booking: Online; Online
Companies Mentioned: Carlson Wagonlit Travel; American Express; BCD Travel; Expedia; Priceline Group
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, travel arrangement and reservation services indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for the travel arrangement and reservation services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Travel Arrangement and Reservation Services market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider travel arrangement and reservation services market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The travel arrangement and reservation services market section of the report gives context. It compares the travel arrangement and reservation services market with other segments of the commercial services market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, travel arrangement and reservation services indicators comparison.
Scope
Markets Covered:
1) By Type: Travel Agencies; Tour Operators; Convention and Visitors Bureaus; Other Travel Arrangement and Reservation Services
2) By Mode of Travel: Domestic Travel; Foreign Travel
3) By Mode of Booking: Online; Online
Companies Mentioned: Carlson Wagonlit Travel; American Express; BCD Travel; Expedia; Priceline Group
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, travel arrangement and reservation services indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Travel Arrangement and Reservation Services Market
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Report Attribute | Details |
---|---|
Published | February 2021 |
Forecast Period | 2021 - 2025 |
Estimated Market Value ( USD | $ 370.1 billion |
Forecasted Market Value ( USD | $ 474.36 billion |
Compound Annual Growth Rate | 6.4% |
Regions Covered | Global |
Table of Contents
1. Executive Summary2. Report Structure7. Travel Arrangement and Reservation Services Market Trends and Strategies8. Impact of COVID-19 on Travel Arrangement and Reservation Services21. Key Mergers and Acquisitions in the Travel Arrangement and Reservation Services Market25. Copyright and Disclaimer
3. Travel Arrangement and Reservation Services Market Characteristics
4. Travel Arrangement and Reservation Services Market Product Analysis
5. Travel Arrangement and Reservation Services Market Supply Chain
6. Travel Arrangement and Reservation Services Market Customer Information
9. Travel Arrangement and Reservation Services Market Size and Growth
10. Travel Arrangement and Reservation Services Market Regional Analysis
11. Travel Arrangement and Reservation Services Market Segmentation
12. Travel Arrangement and Reservation Services Market Metrics
13. Asia-Pacific Travel Arrangement and Reservation Services Market
14. Western Europe Travel Arrangement and Reservation Services Market
15. Eastern Europe Travel Arrangement and Reservation Services Market
16. North America Travel Arrangement and Reservation Services Market
17. South America Travel Arrangement and Reservation Services Market
18. Middle East Travel Arrangement and Reservation Services Market
19. Africa Travel Arrangement and Reservation Services Market
20. Travel Arrangement and Reservation Services Market Competitive Landscape
22. Market Background: Commercial Services Market
23. Recommendations
24. Appendix
Executive Summary
Major companies in the travel arrangement and reservation services market include Carlson Wagonlit Travel; American Express; BCD Travel; Expedia and Priceline Group.The global travel arrangement and reservation services market is expected to grow from $303.59 billion in 2020 to $370.1 billion in 2021 at a compound annual growth rate (CAGR) of 21.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $474.36 billion in 2025 at a CAGR of 6%.
The travel arrangement and reservation services market consists of sales of travel arrangement and reservation services and related goods by entities (organizations, sole traders and partnerships) that provide travel agency services, arrange and assemble tours or provide other travel arrangement and reservation services. The travel arrangement and reservation services market is segmented into travel agencies; tour operators; convention and visitors bureaus; and other travel arrangement and reservation services.
Western Europe was the largest region in the global travel arrangement and reservation services market, accounting for 49% of the market in 2020. Asia Pacific was the second largest region accounting for 21% of the global travel arrangement and reservation services market. Africa was the smallest region in the global travel arrangement and reservation services market.
Travel agencies and tour operators are increasingly using chat bots to offer personalized travel bookings to customers. A chat bot is an artificial intelligence program that can simulate a conversation with customers through messages or telephone calls and perform tasks such as ticket bookings and hotel reservations. Chat bots are an alternative to mobile applications and websites that provide personalized recommendations and bookings based on travel preferences and date of travel. For instance, Booking.com allows travellers to book flights and hotels through chat bots on Skype, Facebook Messenger and Slack. Other such chat bots include Dorothy, DoNotPay, Expedia and Air New Zealand’s Oscar.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Carlson Wagonlit Travel
- American Express
- BCD Travel
- Expedia
- Priceline Group
Methodology
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