Travel Services Market Research Reports & Industry Analysis
The demand for travel agents is reliant upon a number of factors: economic growth, business and leisure travel, consumer income, airline seat availability, technological developments, and the price of jet fuel. The primary costs this industry has to cope with include computer services and telecommunication services. As many consumers are more often turning to online booking services, computer access is imperative, and online services will increase overall profitability. The revenue of the travel service industry is made of up the fees charged for their services, and what services the client requests.
Independent travel service companies are dependent upon their marketing strategies to effectively appeal to the consumer and thus general a profit. Smaller companies put emphasis on catering to a small amount of large clientele, and serving a specific locale. Large travel service companies focus on corporate clients, and are able to provide a broad spectrum of services, as well as operate elaborate websites to promote their services.
Travel Services Industry Research & Market Reports
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Gambling Global Market Briefing 2023
... $57.5 and in terms of global GDP, the market was 0.42%. Gambling was the largest segment within the amusements market accounting for 86.9% followed by amusement parks at 13.0%. Gambling Global Market Briefing 2023 provides ... Read More
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Travel Arrangement And Reservation Services Global Market Briefing 2023
... 6.3%. In terms of per capita consumption, the market was $42.0 and in terms of global GDP, the market was 0.30%. Travel arrangement and reservation services was the sixth largest segment within the commercial services ... Read More
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United States Luxury Hotel Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... than 5%. (2021-2027). COVID-19 severely disrupted the hotel industry in 2020. ADR increased from USD 125 in 2021 to USD 145 in 2022, which resulted in RevPAR yearly profits of USD 92 in 2022 and ... Read More
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Global Commercial Aviation Market - Size, Share, COVID-19 Impact & Forecasts up to 2028
... Passenger Aircraft : The sub-aircraft type segment is dominated by passenger aircraft. Increasing air passenger traffic and the growing middle-class population in emerging countries are driving the market's growth. Largest Market by Body Type - ... Read More
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Latin America Inflight Catering Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... The COVID-19 pandemic resulted in a full-scale crisis with the imposition of travel restrictions and the suspension of flights in a global effort to contain the spread of the virus. The aviation industry was crippled ... Read More
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Europe Tourism Vehicle Rental Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... 250.2 billion by 2027 registering a CAGR of around 16% during the forecast period (2022 - 2027). The COVID-19 pandemic had mixed impact on the market during the forecast period as initial lockdowns and shutdown ... Read More
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Hospitality Industry In United Kingdom - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... and has become dynamic, with respect to the investment volumes recorded during the study period, owing to the uncertainty surrounding Brexit. According to statistics given by many research organizations, the United Kingdom's hotel industry is ... Read More
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Europe Inflight Catering Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... one of the major aviation industries that was severely impacted due to the COVID-19 pandemic. The airlines in the region had to decrease their aircraft operations significantly and restricted their inflight services, including catering services. ... Read More
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Hospitality Industry In France - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... levels in France. Several phases were identified, with the first half of the year still very much affected by COVID restrictions, followed by the second period of clear improvement, driven by the coastal regions and ... Read More
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Hospitality Industry In South Africa - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... severe economic impact on South Africa's hotel sector, with a number of hotels facing bankruptcy and permanent closure. As governments implemented extraordinary measures to contain the virus, such as travel restrictions and physical separation, the ... Read More
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Europe Wellness Tourism Market – Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... visits, meditation, fitness regime, therapies, and detoxification are undertaken by tourists to maintain their well-being and improve relaxation. The COVID-19 pandemic had a negative impact on the tourism industry due to the restrictions and lockdowns ... Read More
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Online Travel Market In China - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... trip request in China during the review period. Inbound tourism has been offering a major share of the request owing to the growing number of youths and middle-aged people in the country who are largely ... Read More
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Hospitality Industry In China - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... grown significantly in recent years. With political and social stability, rapid economic growth, and a vast population base and natural resources, China has lured many multinational hotels, including the world's leading hotel chains, to its ... Read More
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Hospitality Industry In Canada - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... The tourism and hospitality sectors in Canada were among the hardest hit by the pandemic in 2020–21. One good thing for the hospitality industry is that businesses are investing more in machinery and equipment, which ... Read More
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Netherlands Hri (Hotel Restaurants and Institutional) Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... COVID-19 adversely impacted restaurants and institutions when the lockdown was imposed. This resulted in the closing of hotels, takeaways, delivery outlets, bars, cafes, and restaurants for an extended period to keep people safe. 4 out ... Read More
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Hospitality Industry In Japan - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... almost at the levels seen in 2H/2020 even without the help of the “Go To” Travel campaign. Moreover, hotel revenues have also improved slightly. In 2H/2021, the average daily rates (ADR) index increased by 0.8 ... Read More
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Luxury Hotel Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... than 4% during the forecast period (2021-2026). The luxury hotel market faced losses in 2020 due to the sudden fall in tourism amid the COVID-19 pandemic. The tourism sector has already felt the negative impact ... Read More
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Europe Luxury Hotel Market- Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... most tourists worldwide. No matter which countries are visited, Europe's tourism truly has it all, from the breathtaking natural beauty that will take your breath away to deeply ingrained culture and traditions that remain strong ... Read More
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Hospitality Industry In Brazil - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... is made up of services for lodging, food, and drinks, as well as sales of goods that are related to these services. Hotels are using new technologies, like digital platforms for booking, that are changing ... Read More
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Service Robotics Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... features, such as delivering precise and high-quality service and helping users reduce human mistakes and operational expenses, due to which their demand has increased. Additionally, the rapid proliferation of service robot capabilities owing to technological ... Read More
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India Online Travel Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... double digits and outpace the overall travel market. With the advent of the internet and the emergence of artificial reality (AR), the online travel industry in India is changing rapidly due to which a growing ... Read More
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Europe Online Travel Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... of the online channel in the region along with increasing preference from business travellers. Online bookings are advancing faster than the overall market, with most of the growth coming from suppliers' and OTAs' mobile platforms. ... Read More
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Hospitality Industry In Italy - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... a growth of EUR 100 billion and welcomed more than 63 million tourists, in 2018. The demand from domestic companies and different European Union countries has become the key driver for the tourism industry, and ... Read More
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Hospitality Industry In Hong Kong - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... world despite the uncertainty over the US-China trade war and Brexit. The total number of tourist arrivals to Hong Kong rose to a record high of 65.1 million in 2018 which was 11.4% more than ... Read More
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Vietnam Mice Industry - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... was very quick to take action to stop the spread of the virus. The pandemic strongly impacted the tourism industry, events in general, and the MICE tourism industry in particular, but it also promoted innovation ... Read More
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