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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The Philippines Travel
... government targets in 2023, a full recovery to pre-pandemic inbound arrival levels has not yet been reached. This is attributed to the slower return of Chinese travellers, as China took longer to lift its restrictions. ... Read More
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Belgium Travel
... this is the changes made to school holidays in the French-speaking part of Belgium, which is still having a positive impact on travel opportunities. At the same time, inbound tourism also continues to increase, though ... Read More
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The Philippines Lodging (Destination)
... and travel, and the return of international tourism. Hotel occupancy rates and average lengths of stays have risen, particularly due to business travellers and meetings, incentives, conferences, and exhibitions (MICE) activities. It is noted that ... Read More
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Portugal Lodging (Destination)
... nights, and average daily rates. This continued growth underscores Portugal's status as a premier tourist destination and the resilience of the hospitality sector. The influx of high-income tourists, particularly from the United States, has significantly ... Read More
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Ecuador Travel
... insecurity in the country. At the start of 2024, the country experienced heightened levels of insecurity, leading to widespread news coverage of alarming events that instilled fear in the population. This negative attention damaged the ... Read More
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Denmark Lodging (Destination)
... Growth in terms of total lodging value and hotel overnights has continued since high levels in 2022. This is in large part down to the robust performance of the local economy, inbound flows from key ... Read More
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The Philippines Booking
... Agencies Association, the surge in foreign trips among local consumers is notable, with popular destinations including Vietnam, Japan, Hong Kong, Türkiye, Spain, and Portugal. As seen across travel, this is being fuelled by “revenge travel” ... Read More
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Taiwan Lodging (Destination)
... rising prices may prompt consumers to compare domestic rates with those in neighbouring countries, potentially leading to a shift in demand. Euromonitor International's Lodging (Destination) in Taiwan report offers a comprehensive guide to the size ... Read More
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Ecuador Tourism Flows
... country. Security concerns have hampered domestic tourism to provinces where crime is perceived as more prevalent. The rise in violence and attacks reached unprecedented levels in January 2024, forcing the new government under President Daniel ... Read More
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Greece Lodging (Destination)
... Incentives, Conferences, and Exhibitions) travel following the pandemic. While the tourism sector as a whole experienced a strong year in 2023, city hotels have seen a faster increase in room nights and occupancy rates compared ... Read More
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Canada Lodging (Destination)
... higher wages and improved benefits to attract and retain staff with Canada having experienced significant labour shortages since the pandemic. As a consequence, hotels have been pushed to continue raising their prices in order to ... Read More
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Peru Travel
... This growth in foreign visitors can be attributed to the resolution of issues from the first half of 2023, when social protests in southern Peru, triggered by political unrest, disrupted tourism and led to travel ... Read More
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Denmark Travel
... initial impact on the economy. In 2024, Denmark’s economy is performing well, with the country benefiting from its geographical location and its traditional key source markets. The fallout from the broader geopolitical situation is much ... Read More
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Egypt Travel
... an impressive 16.2 million tourists aided by a wide range of marketing initiatives. Promotional campaigns have focused on enhancing Egypt's global reputation as a leading tourist destination and the affordability of air travel to the ... Read More
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Airline Booking Platform Market Analysis and Forecast to 2033: By Type (B2B Wallet, Payment Portal, Corporate Wallet, Card Payments, Bank Transfers), Application (Online Travel Agencies, Retail Travel Agencies, Business Travel Agencies), Services (Online Payment, Checkout Solutions, In-Person Payment Solutions, Currency Exchange Services, Fraud Detection and Prevention, Data Security, Enhanced Authentication and Security, Dispute and Refund Management, Card Payment Processing), End Users (Airlines, Travel Agencies, Hospitality), Deployment (Web-Based, Mobile-Based, Kiosk-Based), Services Offered (Flight Booking, Ancillary Services, Package Deals, Customer Support), and Region
... Solutions, In-Person Payment Solutions, Currency Exchange Services, Fraud Detection and Prevention, Data Security, Enhanced Authentication and Security, Dispute and Refund Management, Card Payment Processing), End Users (Airlines, Travel Agencies, Hospitality), Deployment (Web-Based, Mobile-Based, Kiosk-Based), Services ... Read More
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Greece Travel
... during the peak season starting in late June, which has extended into September as more tourists, including domestic travellers, seek to avoid the crowded and expensive month of August. This shift is driven by limited ... Read More
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The Netherlands Travel
... in both the Netherlands and source countries. Most tourists have fully regained their confidence to travel following the COVID-19 pandemic resulting in strong travel demand, particularly among Dutch consumers. The travel industry has been responding ... Read More
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New Zealand Travel
... of the review period. According to Statistics New Zealand, 328,100 New Zealand-resident travellers (classified by Stats NZ as people living in New Zealand and arriving back after an absence of less than 12 months) arrived ... Read More
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Kenya Travel
... exploring local attractions. Domestic tourism has been particularly strong due to government initiatives promoting local travel, such as discounted packages and special offers that make travel within the country more affordable for Kenyan citizens. Upgrades ... Read More
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Taiwan Booking
... Japan represents the top destination for Taiwanese travellers, with the ongoing depreciation of the Yen making it an increasingly attractive option, with South Korea and Vietnam also continuing to be popular choices. Euromonitor International's Booking ... Read More
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Denmark Booking
... the up thanks to higher prices, though the worst of inflation seems to be over. In business travel, American Express announced the acquisition of CWT, while leisure travel sees the birth of Travelheart Family, consisting ... Read More
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Kenya Booking
... more Kenyans owning smartphones and gaining access to the internet, mobile bookings have become the preferred method for planning travel, especially among the younger demographic??. The use of social media and digital marketing, particularly through ... Read More
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New Zealand Booking
... substantial resurgence, even as the domestic market faces significant challenges. Businesses in New Zealand, eager to re-establish international trade relationships, have been driving this trend. The Flight Centre Group has reported a remarkable 66% year-on-year ... Read More
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Israel Booking
... the overall travel market, which will impact booking. The only category set to show growth is airlines, as the prices of flights have increased significantly during the year. This has resulted from the fact that ... Read More
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Finland Booking
... their toll. Elevated inflation and rising living costs have placed a financial burden on many households, with many people having to exercise caution in their spending, including when it comes to booking travel. Additionally, Russia’s ... Read More
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