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
-
Australia Lodging (Destination)
... levels in 2023. This is being driven by international tourists, a marginal rise from domestic leisure tourists and business travellers, along with climbing room prices. 2023 marked a strong recovery period, with room prices increasing ... Read More
-
Malaysia Lodging (Destination)
... it faces a number of challenges as it looks to adapt to a rapidly evolving consumer environment. The industry needs to address the issue of the labour shortage to ensure that it can maintain smooth ... Read More
-
The United Arab Emirates Tourism Flows
... destination for MICE tourism, the perceived safe and secure environment of the United Arab Emirates makes it an ideal choice for businesses and organisations looking to host events. Euromonitor International's Tourism Flows in United Arab ... Read More
-
Thailand Lodging (Destination)
... The overall occupancy rate has rebounded to pre-pandemic levels, particularly in the southern provinces of Thailand, where inbound arrivals are recovering rapidly. Popular tourist destinations such as Chiang Mai and Pattaya are also benefiting from ... Read More
-
Chile Lodging (Destination)
... of value sales, and this positive momentum continued into 2023. In addition, the number of room nights surpassed pre-pandemic levels in the first half of 2024 facilitating a higher influx of foreign tourists. Euromonitor International's ... Read More
-
France Tourism Flows
... when it hosted the 1998 FIFA World Cup, with the Olympics having an estimated four billion global viewers. In 2020, 50 million French people watched the Tokyo games, a number that is expected to be ... Read More
-
Indonesia Tourism Flows
... review period. It is also noted that the industry has yet to reach the peaks seen in the pre-pandemic era. Euromonitor International's Tourism Flows in Indonesia report offers a comprehensive guide to the size and ... Read More
-
Italy Lodging (Destination)
... hotels is expected to continue to grow, together with the number of rooms and occupancy rates. The ADR has also been showing a growth trend, since overall prices have been increasing because of inflation, with ... Read More
-
Saudi Arabia Tourism Flows
... 2030. A substantial investment in travel and tourism infrastructure is driving consistent growth in both domestic and international tourism. Saudi Arabia achieved its Vision 2030 inbound tourist targets seven years ahead of schedule in 2023, ... Read More
-
Saudi Arabia Lodging (Destination)
... hotels. In terms of hotel room construction, Saudi Arabia leads the Middle East and Africa with 40,742 rooms currently under construction. The expansion is in line with Saudi Arabia's Vision 2030 goal of attracting 100 ... Read More
-
Chile Tourism Flows
... the exchange rate is low, Argentina becomes a very affordable destination for Chilean outbound tourists. Until the third quarter of 2023, Chilean travellers headed to Argentina to enjoy its cuisine, nightlife, and low supermarket prices. ... Read More
-
South Korea Tourism Flows
... payments landscape for South Korean outbound travellers has witnessed rapid growth, fuelled by fierce competition amongst fintechs and financial institutions. These companies are offering innovative travel cards and financial products that cater to travellers’ needs ... Read More
-
Spain Lodging (Destination)
... Spanish hotels continue to see demand from both local and international travellers. Some hotels are reported to have stated occupancy rates close to 90% over the Easter 2042 period, and summer reservations are also reported ... Read More
-
Vietnam Tourism Flows
... aimed at attracting more foreign tourists. These policies include favourable visa policies, and a successful tourism promotion event programme. In 2024, Vietnam is prioritising enhanced cooperation with key markets including South Korea, India, Australia, and ... Read More
-
Brazil Tourism Flows
... unemployment rate was declining, inflation slowed down, and GDP grew. On the other hand, the basic interest rate (SELIC) remained very high, in the double digits, which hindered new investments. Travel players are still reorganising ... Read More
-
Brazil Lodging (Destination)
... Horizonte, Salvador, Porto Alegre, Recife, Fortaleza, and Manaus. The number of outlets and total revenue indicate that 2023 was a year of recovery, surpassing the pre-pandemic (2019) levels, and growth has continued in 2024. The ... Read More
-
Vietnam Travel
... products related to culture and heritage, sports events, and festivals. The number of domestic trips and number of inbound arrivals are therefore set to continue to rise in 2024, although at a slower rate, as ... Read More
-
Argentina Travel
... destination for international tourism, a situation primarily taken advantage of by those from neighbouring countries such as Brazil, Uruguay and Chile. In contrast, when the exchange rate is very high, this situation dramatically reverses, making ... Read More
-
Brazil Travel
... inflation is more controlled, and the estimated GDP growth in 2024 is positive. However, the country lacks significant investment in tourism infrastructure. Very little is invested in expansion and modernisation, with most of the focus ... Read More
-
Thailand Travel
... from China remain significantly below 2019 levels, and are not expected to fully recover by the end of the forecast period. This shortcoming is attributed to China's sluggish economic recovery and a shift toward domestic ... Read More
-
Colombia Travel
... visited country in Latin America, after South America. Following COVID-19, Colombia regained its momentum, attracting international tourists two years ahead of projections. The country was recognised at the World Travel Awards, where it earned the ... Read More
-
Hong Kong, China Tourism Flows
... The reliance on Chinese tourists is intensifying, marking a significant shift from pre-pandemic levels to represent over 70% share of inbound tourism volumes. Despite this surge, the spending power of these visitors has waned due ... Read More
-
Indonesia Lodging (Destination)
... general, following the disruptors of the pandemic lockdowns and following rebound in mobility. This means growth is slowing down after its previous post-pandemic spike, and overall performance is not yet back to the levels seen ... Read More
-
The US Travel
... consumer expectations. The experience of US consumers in relation to their travel desires has bifurcated in 2024. Many consumers have continued travelling despite high prices, even continuing their demand for international travel. A strong US ... Read More
-
Mexico Travel
... as a leading tourist power and highlighted its significant potential. In 2024, tourism in Mexico continues to demonstrate its remarkable resilience despite political and economic challenges defining the scope. The number of national and international ... Read More
Research Assistance
