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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Travel in Denmark
... to set records. Following two years of travel restrictions, Denmark is becoming an increasingly attractive destination for inbound tourists. Despite the higher-than-usual general inflation, Danes are willing to travel domestically and outbound, with the country's ... Read More
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Travel in Israel
... has led to a surge in inbound arrivals and outbound departures, although figures are not expected to quite reach pre-pandemic levels before the end of 2023. Euromonitor International's Travel in Israel report offers a comprehensive ... Read More
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Lodging (Destination) in New Zealand
... sales in the lodging sector throughout 2023. This momentum follows an initial surge in 2022 when New Zealand first reopened its borders. Escalating visitor numbers contributed to the value sales upswing, complemented by inflationary pressures ... Read More
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Tourism Flows in Israel
... skies were reopened after the pandemic restrictions were lifted many locals were keen to return to traveling abroad. This has been reflected in the modest growth in domestic tourism in 2023. Euromonitor International's Tourism Flows ... Read More
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Tourism Flows in Argentina
... to travel abroad is very limited and very expensive, which is why the middle sectors of the population are turning to domestic trips. On the other hand, the national government has strongly promoted domestic tourism ... Read More
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Booking in Belgium
... been eager to travel. Leisure air travel, leisure lodging, leisure packages and leisure experiences and attractions are all set to continue to see very fast current value growth in 2023. It is interesting to note ... Read More
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Travel in Vietnam
... Decision No. 405/QD-BVHTTDL, which issued the Ministry of Culture, Sports, and Tourism's Digital Transformation Plan from 2023 to 2030. The purpose of this plan is to prioritise sustainable tourism development and restructure the tourism industry ... Read More
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Travel in Argentina
... Because people cannot buy US dollars at an official price, there is a range of different prices for US dollars via formal and informal channels. Euromonitor International's Travel in Argentina report offers a comprehensive guide ... Read More
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Travel in the US
... remaining restrictions on international travel was a watershed moment that marked the end of major travel restrictions related to the COVID-19 pandemic. 2023 has therefore marked a shift for the US travel industry, from recovery ... Read More
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Lodging (Destination) in the US
... the year met slowed investment in supply levels, resulting in exceptionally high growth in RevPAR across most channels. Strong demand has continued into 2023, and demand for lodging remains robust, even in the face of ... Read More
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Booking in Thailand
... accounted for more than two thirds of retail constant value sales. Online travel agencies (OTAs) improved their services, in order to take advantage of the expanding range of travel opportunities available. Euromonitor International's Booking in ... Read More
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Lodging (Destination) in Hong Kong, China
... contributed to the recovery of hotels, and thus lodging. However, there has been uneven recovery for hotels in Hong Kong, in which the premium segment (luxury hotels and upscale hotels) is showing the fastest recovery, ... Read More
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Booking in Hong Kong, China
... International’s Voice of the Consumer: Lifestyles survey 2023, 23% of global consumers say more of their everyday activities will shift to online platforms. Online travel agencies (OTAs) are becoming amongst the most popular booking choices. ... Read More
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Airlines in Ecuador
... commenced operations in the final quarter of 2022, offering flights to the Dominican Republic. Euromonitor International's Airlines in Ecuador report offers a comprehensive guide to the size and shape of the market at a national ... Read More
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Tourism Flows in Greece
... optimism, even though bookings in the first quarter were somewhat conservative. Many people worldwide are starting to travel again post-pandemic, but long haul travel is facing a slow recovery. Most Europeans still prefer to travel ... Read More
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Tourism Flows in China
... Subsequently, international travel has resumed to and from China, which had been put on hold during the pandemic. Domestic travel, which had also been devastated due to repeated lockdowns and stringent mobility restrictions, is notably ... Read More
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Airlines in Chile
... for airlines, albeit with a different cost structure and challenges in terms of skilled workforce, which could keep flight prices high in the medium term. Euromonitor International's Airlines in Chile report offers a comprehensive guide ... Read More
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Lodging (Destination) in Chile
... open spaces for comfortable work environments, and even rooms capable of accommodating workers travelling with their families. Euromonitor International's Lodging (Destination) in Chile report offers a comprehensive guide to the size and shape of the ... Read More
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Tourism Flows in Chile
... visiting Chile in 2023 are Argentina, Bolivia, the US, Brazil, and Peru. The recovery of tourism has been slower than expected due to various factors. Increased transportation costs have affected accessibility for tourists, while higher ... Read More
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Lodging (Destination) in Canada
... providing outdoor activities doing particularly well. Such areas include those around national parks and places like Banff, Whistler, Jasper, Muskoka, the Laurentians and Mont-Tremblant, as well as the wine regions in Niagara, Prince Edward County ... Read More
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Tourism Flows in Canada
... are high thanks to severely reduced spending during the pandemic as activities such as travel and out-of-home entertainment were restricted. Consumers are now ready and willing to shift their spending from purchasing products to purchasing ... Read More
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Travel in Hong Kong, China
... last quarter of 2022, and started to welcome visitors from around the world. As of February 2023, all checkpoints between Hong Kong and mainland China had been fully reopened. The Hong Kong Tourism Board has ... Read More
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Travel in Kenya
... Kenya's tourism sector. China's decision to ease COVID-19 restrictions and reintroduce international travel is viewed as a promising development for East Africa's efforts to revive its tourism industry. Leveraging this, Kenya, Uganda, and Rwanda within ... Read More
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Tourism Flows in Vietnam
... into Vietnam. Although the country reopened for international arrivals in 2022, foreign tourists are still required to apply for an e-visa in advance, with only 25 countries accepted for a free visa on arrival (30 ... Read More
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Lodging (Destination) in Finland
... certain types of guests. However, there were COVID-19-related restrictions on foodservice and other activities, as such as events in lodging outlets. Despite a more relaxed lodging environment than in many other countries, the category suffered ... Read More
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