Learn about the global travel arrangement and reservation services market through The Business Research Company, which provides information on travel arrangement and reservation services market size, travel arrangement and reservation services market drivers and restraints, travel arrangement and reservation services market players, the COVID-19 impact on the travel arrangement and reservation services market, and more.

The global travel arrangement and reservation services market size is expected to grow from $266.34 billion in 2021 to $321.88 billion in 2022 at a compound annual growth rate (CAGR) of 20.9%. The growth in the market 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 travel arrangement and reservation services market is expected to reach $630.38 billion in 2026 at a CAGR of 18.3%.

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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.

Global Travel Arrangement And Reservation Services Market Segments Include:
By Type: Travel Agencies, Tour Operators, Convention and Visitors Bureaus, Other Travel Arrangement and Reservation Services

By Mode of Travel: Domestic Travel, Foreign Travel

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. Among these regions, Western Europe was the largest region in the travel arrangement and reservation services market in 2021.

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.

TBRC’s travel arrangement and reservation services market report covers:

Major Market Players: BCD Travel, Travel Leaders Group, TUI Group, Booking Holdings, Expedia, CWT, Flight Centre Travel Group, TUI Airways, Tripadvisor, Inc. and Shanghai Jin Jiang International Hotels (Group) Company Limited.

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 (2016-21) and ten years forecast (2022-20256-2031)

The Travel Arrangement And Reservation Services Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides travel arrangement and reservation services market overviews, analyses and forecasts market size, share, travel arrangement and reservation services market players, travel arrangement and reservation services market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s 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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