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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Indonesia Booking
... hand, offline operators find themselves struggling somewhat midst the rise of online players. Indeed, online activities strengthened considerably overall during the era of the pandemic restrictions, on a global basis. As such, many consumers became ... Read More
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Austria Tourism Flows
... are almost in line with the 2019 level. Austria primarily benefits from its central location in Europe, which made the country an attractive destination for travellers from neighbouring countries in particular, but also for many ... Read More
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The US Tourism Flows
... US has been slower than many would have hoped, continued growth points towards recovery. The environment remains challenging for business travel, as a lot of the business previously conducted in person is now conducted online, ... Read More
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Australia Booking
... the pressures of the high cost of living, consumers show little hesitation in planning trips, contributing to the ongoing recovery of leisure-business tourism and leisure packages. This trend has defied conventional expectations, as CommBank's 2023 ... Read More
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Singapore Lodging (Destination)
... significant progress in value sales across various lodging categories. For instance, value sales of budget hotels in Singapore surpassed the pre-pandemic level as early as 2022, as consumers looked to travel on a budget in ... Read More
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Mexico Lodging (Destination)
... also facing a greater room offer and thus competition. Large hotel chains such as Fiesta Americana have implemented space remodelling strategies that attract economic flow while promoting life-work and extended stays, specifically targeting the growth ... Read More
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The US Lodging (Destination)
... the budget segment, even though it would be expected that many consumers would be looking for value. The main reason for this is that the people feeling the pinch the most from years of high ... Read More
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Japan Tourism Flows
... propelled by the return of Chinese tourists. There is significant interest amongst mainland Chinese tourists in visiting Japan, and various measures have been implemented to enhance their convenience. For instance, in 2024, Haneda Airport’s second ... Read More
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The United Arab Emirates Lodging (Destination)
... position of the United Arab Emirates as a global luxury destination, attracting high net worth individuals and affluent tourists. Major international hotel chains, such as Marriott, are expanding their luxury offerings in the region, opening ... Read More
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Italy Tourism Flows
... inbound, domestic, and outbound travel. Amongst inbound and domestic flows, Millennials represent a large part of the total, and this group includes travellers with a medium-high economic status, with a good propensity to spend in ... Read More
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Hong Kong, China Travel
... levels. Notably, China, a key source market that is expected to contribute to over 70% of inbound arrivals during the year, has shown a shift in traveller behaviour towards seeking low-cost, high-value travel experiences. Data ... Read More
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Indonesia Travel
... its recovery, in line with international travel trends. In Indonesia, this comes alongside infrastructure improvements in access to Bali, which has helped to further develop inbound tourism flows thanks to more direct routes and more ... Read More
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Singapore Travel
... higher costs, focusing on destinations such as Japan, Thailand, South Korea, Indonesia, and the US. Euromonitor International's Travel in Singapore report offers a comprehensive guide to the size and shape of the market at a ... Read More
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Argentina Booking
... many cases, consumers prefer to use agencies with physical branches where they can speak to a person in the event of any issues with services and contractors. Euromonitor International's Booking in Argentina report offers a ... Read More
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Malaysia Booking
... a welcome rebound. Malaysians have shown a strong desire to travel both domestically and internationally. The COVID-19 crisis and the closure of international borders led to a surge in interest in domestic tourism, which has ... Read More
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Saudi Arabia Booking
... current value sales for travel intermediaries, including during 2024. For example, leisure packages is set to see further double-digit current value growth over 2024, supported by rising holiday prices amid an increase in travel demand ... Read More
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China Booking
... same year. Consumers increasingly favour independent travel over group travel, with the help of online travel agents (OTAs) and social commerce platforms such as Red Book and Douyin. Moreover, OTA giant Trip.com has launched the ... Read More
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China Lodging (Destination)
... of sales. Nevertheless, the category continues to benefit from the release of pent-up demand after the pandemic, with travellers taking more overnight trips. The year-on-year value growth has to some extent been driven by the ... Read More
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Colombia Lodging (Destination)
... hotel projects, with 349,000 square meters registered for construction to be carried out between 2024 and 2025. Euromonitor International's Lodging (Destination) in Colombia report offers a comprehensive guide to the size and shape of the ... Read More
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Singapore Tourism Flows
... Despite slightly lower visitor numbers overall in 2024 than pre-pandemic, Singapore continues to attract prestigious world-class events, and has also secured a robust pipeline of events until 2028-2029, such as the World Aquatics Championships in ... Read More
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France Lodging (Destination)
... damaging impact on travel and tourism during 2020 and 2021 with people unwilling or unable to travel, while strict protocols were in place within hotels and other lodging facilities. The number of room nights booked ... Read More
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Mexico Tourism Flows
... speed of recovery to peak levels accelerated, pointing to a volume recovery in 2024. However, values were impacted by a strong Mexican peso against the US dollar. In terms of international visitors, arrivals from the ... Read More
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Spain Tourism Flows
... the UK, France, and Germany; as well as attracting visitors from the like of Belgium, the Netherlands, and the USA. However, there has been a resurgence of local concerns about “overtourism” in 2024, whereby the ... Read More
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Vietnam Lodging (Destination)
... highly favoured by tourists, with families and Gen Z primarily driving the boom in beach tourism. People tend to choose lodging near or with access to the beach that also has good security, a swimming ... Read More
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China Tourism Flows
... of the pre-pandemic level. Meanwhile, domestic spending is expected to slightly outpace the growth in the number of trips, and reach 107% of the pre-pandemic level in 2024. Despite mobility restrictions being removed, long-haul travel ... Read More
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