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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Tourism Flows in Spain
... in the world. The body predicted a positive year for inbound travel in Spain in 2023, and this optimism is proving to be well-founded. Euromonitor International's Tourism Flows in Spain report offers a comprehensive guide ... Read More
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Booking in the US
... cultural shift associated with distributed team and hybrid work opportunities. With so many employees working remotely, the team-building that used to take place locally is now more frequently organised off-site. In its first quarter 2023 ... Read More
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Lodging (Destination) in Italy
... daily rates (ADR). The exception to this is hotel resorts which have proved to be the most resilient. Furthermore, it has been observed that higher-end hotels – from upscale to luxury – have generally been ... Read More
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Lodging (Destination) in Malaysia
... mainly relying on domestic travellers which led to a slower rebound compared to other industries like retail and foodservice. The recovery is expected to be sustained throughout 2023 as foreign tourists continue to grow in ... Read More
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Booking in New Zealand
... constraints and labour shortages, available inventory has not fully returned to pre-COVID-19 levels, but the overall performance remains positive. Concurrent with broader retail trends in New Zealand, online sales penetration is steadily expanding. The growing ... Read More
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Booking in Malaysia
... on a smart partnership campaign to promote the country as a holiday destination of choice. The campaign ran for four months at the end of 2022 with travellers able to benefit from offers and promotions ... Read More
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Tourism Flows in New Zealand
... its borders. Before the pandemic, China stood as New Zealand’s second-largest international market and a significant contributor to the country's tourism spending. Much of the tourism infrastructure in the country was geared towards Chinese tourists. ... Read More
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Lodging (Destination) in Argentina
... numerous spaces and rooms for common use. The new hotel also offers a premium gastronomic offer from chef, Luciano Nanni, that is seeking to become a benchmark in the area and will be open to ... Read More
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Lodging (Destination) in Greece
... of luxury and upscale hotels, there has been an increase in hotel rates, driven by a combination of high demand and operating costs. A shortage of staff has pushed up staff salaries, especially among seasonal ... Read More
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Airlines in China
... could remain relatively high throughout 2023, as passenger demand recovers faster than airline capacity, particularly for international routes. Nevertheless, ticket prices may also soften in Q3 2023, given the deteriorating macroeconomic outlook, thus forcing airlines ... Read More
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Lodging (Destination) in China
... by increasing awareness of health and safety accelerated by the pandemic. In context, mid-market hotels are expected to account for close to 20% of hotel outlet numbers in China over 2023, compared to approximately 10% ... Read More
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Travel in Greece
... to cut down on their spending as they seek to make up for the lost travel experiences during the COVID-19 pandemic. The lifting of travel restrictions has contributed to the recovery of international travel, both ... Read More
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Travel in Canada
... result, the travel industry is expected to continue growing at a rapid pace in 2023. Domestic tourism is expected to lead in 2023 while Caribbean countries and Europe will be the main destinations for international ... Read More
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Booking in Vietnam
... the number of Vietnamese individuals prioritising their health, actively seeking stress reduction methods, and focusing on their mental wellbeing. Recognising this emerging trend, lodging companies have closely collaborated with travel intermediaries to introduce a range ... Read More
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Lodging (Destination) in Denmark
... stays and value spent on lodging, with the latter being due to higher price points. Euromonitor International's Lodging (Destination) in Denmark report offers a comprehensive guide to the size and shape of the market at ... Read More
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Booking in Finland
... travel did not compensate for the slumps in outbound departures or the decline in often more expensive and lucrative business trips. The tide turned in 2022, with the lifting of COVID-19 restrictions and a much ... Read More
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Airlines in Spain
... pre-agreement adopted in November 2019, later modified in January 2021, and terminated to seek an alternative in December 2021. During early 2022, IAG extended a loan of EUR100 million to Air Europa, with an option ... Read More
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Tourism Flows in Thailand
... other countries in Asia-Pacific, notably China, was a key contributor to this recovery, although volumes remained below the peak recorded in 2019. China is a key source market for the Thai travel industry, having accounted ... Read More
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Booking in Spain
... specific requirements to visit a certain country, or air routes being affected by the ongoing Russia-Ukraine war. As such, this is resulting in consumers seeking the up-to-date expertise of travel agents and, in turn, resulting ... Read More
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Lodging (Destination) in Thailand
... prices, as they were confident about attracting more international travellers. Minor Hotels, for example, hiked its average daily room rate by 15% in a bid to increase revenue and to reduce the impact of high ... Read More
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Tourism Flows in Hong Kong, China
... to more than 60% of the 2019 level in 2023, with full recovery expected in 2026. However, outbound departures are predicted to see a faster recovery, reaching 75% of the pre-pandemic level by the end ... Read More
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Booking in Japan
... an acceleration of the shift towards online booking of business travel. Traditionally in Japanese business culture, the process of booking business trips was very time-consuming, and involved paper based transactions and the involvement of various ... Read More
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Lodging (Destination) in Japan
... lifted completely early in the year, lodging in Japan has been facing difficulties meeting demand with the supply available. Rooms have been booked nearly at full capacity following the return of both domestic and inbound ... Read More
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Tourism Flows in Ecuador
... an escape from stress, with indulgence tourism playing a significant role in attracting visitors. Additionally, the closure of borders prompted many Ecuadorians to explore and appreciate the domestic destinations available, resulting in an i... Euromonitor ... Read More
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Booking in Ecuador
... venture forth with renewed confidence to discover new cities and countries. This demographic often leans on offline intermediaries to secure their travel arrangements. Euromonitor International's Booking in Ecuador report offers a comprehensive guide to the ... Read More
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