Global Travel Arrangement And Reservation Services Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Travel Arrangement And Reservation Services Market Report by The Business Research Company covers travel arrangement and reservation services market drivers and restraints, travel arrangement and reservation services market size, major players, and the impact of COVID-19 on the travel arrangement and reservation services market.
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.
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.
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%.
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Some travel arrangement and reservation services market trends include travel agencies and tour operators 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.
Global travel arrangement and reservation services market segments include:
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.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Travel Arrangement And Reservation Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:
https://www.thebusinessresearchcompany.com/report/travel-arrangement-and-reservation-services-global-market-report-2020-30-covid-19-impact-and-recovery
The Travel Arrangement And Reservation Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides travel arrangement and reservation services market overviews, analyzes and forecasts market size, share, travel arrangement and reservation services market players, travel arrangement and reservation services market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The travel arrangement and reservation services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Travel Arrangement And Reservation Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Carlson Wagonlit Travel, American Express, BCD Travel, Expedia, Priceline Group.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Travel Arrangement And Reservation Services Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Travel Arrangement And Reservation Services Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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