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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Lodging (Destination) in Ecuador
... tourism gradually rebounded, particularly fuelled by visitors from the United States, who typically boast higher spending capacities than regional tourists. Euromonitor International's Lodging (Destination) in Ecuador report offers a comprehensive guide to the size and ... Read More
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Booking in Israel
... been inflation driven price increases. Euromonitor International's Booking in Israel report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest market size data 2018-2022, ... Read More
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Booking in Argentina
... A notable change in the financial world is making its way into the travel market, as Despegar, together with Binance and Inswitch, has established an agreement to incorporate payment through cryptocurrencies in Argentina. In this ... Read More
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Booking in China
... to booking travel online. However, 2023 is set to see a temporary reversal of this trend, as intermediaries redeploy bricks-and-mortar contact points. This is largely due to the fact that many physical outlets were unable ... Read More
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Travel in Thailand
... resulted in a strong recovery for the travel industry, with the number of inbound arrivals showing triple-digit growth. However, volumes remained well below pre-pandemic levels. International tourism is a significant contributor to Thailand’s GDP, generating ... Read More
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Travel in Ecuador
... during the pandemic. The affordability of domestic travel, characterised by budget-friendly rates for accommodation, food, and transportation, has also played a pivotal role in attracting travellers, even those with limited purchasing power. Euromonitor International's Travel ... Read More
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Travel in Finland
... have led to improved key performance indicators for players, such as more flights and busier airports and more people staying in lodging outlets and visiting attractions and experiences. All of this resulted in increased numbers ... Read More
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Travel in Belgium
... in 2023, compared with the 2019 pre-Coronavirus (COVID-19) level. This performance is mainly impacted by the slow recovery of business travel, as companies economise by continuing with virtual meetings and conferences and try to reduce ... Read More
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Travel in Japan
... of changes in consumers’ perception of and behaviour towards travel, which has been a major driving force for recovery, especially for domestic travel and inbound tourism. For domestic travel, the lowering of the categorisation of ... Read More
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Travel in China
... domestic tourism, volume is predicted to recover faster than expenditure, which will be driven mostly by a slowdown in economic growth, but also by a low in consumer confidence, meaning greater trading down for travel ... Read More
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Travel Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
... reach US$ 14.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028. Travel technology refers to the integration of information and communication technology in the travel, tourism and hospitality industry. It allows ... Read More
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Airlines in the US
... way, as well return to many tier-one domestic city destinations. However, even with strong passenger growth in 2022, high fuel prices, as well as logistical hurdles to meeting the rise in consumer demand, saw airlines ... Read More
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Airlines in Italy
... is all fuelling the dynamic growth being recorded by airlines, with passenger numbers expected to see a full return to pre-pandemic levels by the end of 2023. However, despite this positive trend there is the ... Read More
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Tourism Flows in Italy
... recovery of tourism in Italy, with domestic and foreign tourists flocking to the coast, to cities known for their art and culture, to the mountains, as well as to picturesque towns and villages. In addition ... Read More
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Tourism Flows in Malaysia
... remain well below pre-pandemic levels, in terms of number of trips. Malaysia continues to face several challenges in driving the recovery of its travel industry. This includes challenges related to Russia’s invasion of Ukraine which ... Read More
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Lodging (Destination) in Kenya
... choices and explore new destinations, particularly those that are remote and away from crowded areas. This change had a significant impact on luxury tourism, which is expected to witness substantial growth starting from 2023. Euromonitor ... Read More
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Tourism Flows in Belgium
... a result, the number of domestic trips is expected to exceed the 2019 pre-pandemic level in 2023. Belgian consumers discovered or rediscovered the pleasures of travelling within their own country as foreign destinations were closed ... Read More
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Travel in Malaysia
... travel thanks to the lifting of restrictions and COVID-19 related entry requirements. Nonetheless, inbound arrivals and outbound departures remain well below pre-pandemic levels despite the significant recovery seen in 2022 and 2023. Euromonitor International's Travel ... Read More
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Booking in Greece
... sales in intermediaries posted a strong increase in 2022, and growth continues in 2023, there are certain factors that have been an obstacle to recovery. A number of intermediaries are business/MICE oriented, which has lagged ... Read More
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Travel in Spain
... be incredibly positive for inbound travel, as Spain has become a trending destination. This is the case for both the country’s traditional key inbound territories, such as the UK, France, and Germany, along with attracting ... Read More
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Travel and Expense Management Software Market Report by Deployment Type (Cloud-based, On-premises), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), Industry Vertical (Banking, Financial Services, Insurance (BFSI), IT and Telecom
... and Others), and Region 2023-2028 Market Overview: The global travel and expense management software market size reached US$ 2.92 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.48 Billion by ... Read More
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Tourism Flows in Denmark
... impact it brings, 2023 is again seeing more tourists than ever, with spending per trip increasing due to higher costs. Euromonitor International's Tourism Flows in Denmark report offers a comprehensive guide to the size and ... Read More
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Tourism Flows in Finland
... to stem the spread of the virus. As travelling internationally became a challenge from health, logistical and economic angles, Finnish consumers focused on domestic travel in 2021, which also gained momentum from the closure of ... Read More
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Tourism Flows in the US
... in the US. Transatlantic travel between the US and Europe in particular is seeing amongst the strongest growth. Several factors have contributed to this strength. Asian markets were slower to reopen to tourism following the ... Read More
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Tourism Flows in Japan
... deregulation, but also in terms of changes in consumers’ perception of and behaviour towards travel overall, which has been a major driving force for recovery. Euromonitor International's Tourism Flows in Japan report offers a comprehensive ... Read More
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