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 consist of the sales of travel arrangement and reservation services and related goods, such as brochures, tickets, and other material and complimentary goods by entities (organizations, sole traders, and partnerships) that provide travel arrangement and reservation services.

The global travel arrangement and reservation services market declined from $357,507.9 million in 2015 to $303,587.6 million in 2020 at a compound annual growth rate (CAGR) of -3.2%. The market is expected to grow from $303,587.6 million in 2020 to $474,364.8 million in 2025 at a rate of 9.3%. The market is then expected to grow at a CAGR of 5.4% from 2025 and reach $618,392.6 million in 2030.

Rapid shift in travel trends towards leisure and food tourism is expected to be a major driver for travel arrangement and reservation services market. leisure travel refers to the hybrid travel model that includes both business travel and leisure travel. The individuals during their business trips to various countries are preferring to explore the local cuisine, travel locations post completion of their official work. Shift in travel trends will drive the market for travel arrangement and reservation services, going forward.

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Some travel arrangement and reservation services market trends include developing innovative packages such as under-tourism, and ancestry travel to attract specific niche customers. Moreover, custom-designed Itineraries are travel plans and budgeting suggestion provided by a travel agent or an operator based on the customer needs. The travelers are increasingly preferring custom-designed tours due to increased comfort, privacy, and lack of interest the pre-packaged tours.

Global travel arrangement and reservation services market segments include:

1) By Type: Travel Agencies, Tour Operators, Convention And Visitor Bureaus, Other Travel Arrangements And Booking Services

2) By Mode of Travel: Domestic, Foreign

3) By Mode of Booking: Online, Online

4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

 

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The Travel Arrangement And Reservation Services Opportunities And Strategies: Forecast 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 identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Travel Arrangement And Reservation Services Opportunities And Strategies: Forecast 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: BCD Group, Booking Holdings, Expedia Group, Trip.com Group, Flight Centre Travel Group (FCTG)

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.

Interested to know more about The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

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