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 Netherlands Tourism Flows
... of trips is still well above 2019 levels. Neighbouring Belgium and Germany are the largest source markets for the Netherlands and trips have rebounded well to pre-pandemic levels. North Americans have also returned although visitors ... Read More
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Denmark Tourism Flows
... were lifted. As such, though growth is strong in 2024, inbound flows may be lower than those seen in some other markets due to the head start Denmark recorded in post-pandemic recovery. Euromonitor International's Tourism ... Read More
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Israel Tourism Flows
... in 2023, though numbers were still lower than the peak seen in 2019, immediately before the onset of the COVID-19 crisis. However, when the Israel-Hamas War broke out in October 2023, incoming tourism halted. Demand ... Read More
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Peru Tourism Flows
... number of international visitors remains considerably below pre-pandemic levels. The low recovery in 2023 was largely attributable to the difficult socio-political climate in the country, particularly in the first quarter when widespread social protests led ... Read More
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New Zealand Lodging (Destination)
... have launched services to New Zealand, while existing US carriers have expanded their offerings, particularly benefiting the South Island's hospitality sector. Regions such as Queenstown, Christchurch, Nelson, and Marlborough have seen significant increases in hotel ... Read More
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Kenya Lodging (Destination)
... for more budget-friendly accommodation, and this is fuelling demand in the mid-market segment. Hotels in this category such as Ole Sereni, are performing better than upscale and luxury segments, which are more dependent on international ... Read More
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Finland Tourism Flows
... of COVID-19 led to a steep decline in inbound travel, but numbers have been recovering strongly since restrictions started to be eased from 2022. There are, however, various factors that are limiting a stronger recovery. ... Read More
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Ecuador Lodging (Destination)
... levels of insecurity in the country, which has deterred tourists from visiting the main tourist destinations. The first quarter of 2024 proved to be particularly challenging due to heightened insecurity, which lead President Daniel Noboa's ... Read More
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The Netherlands Lodging (Destination)
... North Americans has supported overall growth of hotels in the Netherlands, notably in Amsterdam, with average daily rates and occupancy rates rising. Hotels have seen the cost of heating/cooling, staffing, investments, and rent rise, with ... Read More
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Canada Tourism Flows
... Despite these concerns the number of domestic trips continues to rise. The number of domestic trips and domestic spending are even set to surpass pre pandemic levels in the second half of 2024. The primary ... Read More
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Belgium Booking
... families has not been affected much. Actually, even if they do look to save a little by going to nearer destinations or less expensive accommodation, Belgian people are travelling more and more outside the country. ... Read More
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Belgium Tourism Flows
... set to see further growth in inbound arrivals in 2024, increasing numbers further beyond pre-pandemic levels. Nonetheless, Belgium continues to face challenges in retaining domestic tourists and attracting visitors from other countries. In 2024, domestic ... Read More
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New Zealand Tourism Flows
... Zealand highlights that in January 2024, the number of New Zealand-resident travellers returning after short-term absences reached 328,100, marking an all-time high for this month. This figure surpasses the pre-COVID numbers of January 2019, which ... Read More
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The Philippines Tourism Flows
... However, 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. South Korea and ... Read More
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Kenya Tourism Flows
... sector initiatives such as discounted packages and special offers. Investments in infrastructure, such as better roads and enhanced airport facilities, has made travel within the country more accessible and convenient for domestic tourists. This trend ... Read More
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Spain Travel
... These concerns tend to be localised in the regions with high tourism density, such as Barcelona, Mallorca, and Tenerife; and concerns are strong about tourists being unruly in the popular towns. Other key reasons for ... Read More
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South Korea Travel
... landscape for South Korean outbound travellers has experienced significant growth in recent years, driven by increasing competition amongst fintechs and financial institutions. These companies have developed travel cards and financial products that offer benefits such ... Read More
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The United Arab Emirates Booking
... hold a significant position, being one of the oldest and most trusted players in the industry, while Cleartrip Travel Services Pte Ltd has established itself as a strong competitor with a comprehensive range of services. ... Read More
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Brazil Booking
... packages and air ticket issuance, known as “Promo”, which typically offered below-market prices, as they were sourced at promotional rates and on off-peak dates. The company’s common practice was based on “betting” on low prices ... Read More
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Colombia Booking
... trend indicates a shift towards new, undiscovered destinations that allow travellers to connect with nature. Euromonitor International's Booking in Colombia report offers a comprehensive guide to the size and shape of the market at a ... Read More
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Japan Booking
... the number of overseas travellers has been surging along with the end of the pandemic, problems surrounding hotel and airline reservation sites have been cropping up. Issues include a lack of coordination between the booking ... Read More
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Spain Booking
... as consumers have become accustomed to the convenience which e-commerce and associated services offer, along with the options to research destinations and tailor the experience to personal tastes. In line with this, online travel agents ... Read More
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Thailand Booking
... Booking.com continue to lead online travel agencies (OTAs) in Thailand, these platforms are facing challenges as many lodging providers, particularly larger hotel chains, are increasingly prioritising direct bookings. Tourists tend to search for hotel information ... Read More
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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
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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
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