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 Mexico
... few countries that remained open to tourists throughout the pandemic, and it has maintained its position amongst the top 10 most visited countries in the world. Mexico’s travel industry has shown remarkable resilience, with income ... Read More
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Airlines in Mexico
... revolves around the capacity of airports to manage the increased volume of flights. The opening of Felipe Ángeles International Airport (AIFA) in 2023 is starting to address this concern by accommodating more flights from various ... Read More
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Tourism Flows in Peru
... outbreak of COVID-19, especially in terms of the number of visitors. In terms of value, the recovery has been better, primarily due to the significant inflation experienced by various tourist services, although the different actors ... Read More
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Tourism Flows in Portugal
... and museums and overall experiences are also set to surpass 2019 values. In 2023, the tourism industry is set to benefit from a positive effect associated with World Youth Day, which takes place in the ... Read More
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Lodging (Destination) in Taiwan
... in some hotels closing, or becoming quarantine hotels, for an extended period. Retail value, however, was closer than that recorded in 2019, due to the pressure of inflation, which pushed up average room rates. Euromonitor ... Read More
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Tourism Flows in Taiwan
... major countries within Europe, North America, Oceania and Asia Pacific, which provided a significant boost to the number of international visitors. Industry sources recorded a boom in demand during the Lunar New Year holiday, which ... Read More
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Booking in Taiwan
... the most popular destination for Taiwanese consumers, with the weakening of the Yen making it an even more attractive prospect, after two years of being closed to visitors. Despite the inflationary pressures, travelling to Japan ... Read More
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Tourism Flows in Mexico
... and also in 2024. In 2023, inbound arrivals are also expected to reach nearly the number of trips seen in 2019, due to an increase in travellers, primarily from the US, Canada, Brazil, and Colombia. ... Read More
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Tourism Flows in the Netherlands
... measures already lifted in the Netherlands in early 2022. This created confidence among individual and corporate travellers, who were more inclined to travel abroad on leisure and business trips. The recovery of outbound departures can ... Read More
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Lodging (Destination) in the Netherlands
... number of outlets across lodging over 2023, supported by newly-built hotels, especially in Amsterdam. While the overall number of lodging outlets in 2023 is projected to be lower than the 2019 pre-Coronavirus (COVID-19) figure, this ... Read More
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Booking in South Korea
... businesses beyond this sector to include different travel modes and international bookings. Euromonitor International's Booking in South Korea report offers a comprehensive guide to the size and shape of the market at a national level. ... Read More
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Lodging (Destination) in Peru
... pandemic, with growth rates being lower than the increase in flow of tourists. This is because an important proportion of travellers, especially domestic tourists, are choosing to stay at the homes of family and friends, ... Read More
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Booking in Mexico
... and enjoyment. The significance of this trend is highlighted by the dynamic double-digit growth trajectory for leisure travel, underscoring its substantial contribution to the expansion of booking. A key driver within leisure travel has been ... Read More
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Booking in the Netherlands
... return very close to the 2019 pre-Coronavirus (COVID-19) level at the end of the review period. Bookings for the May 2023 holiday period registered a double-digit increase, compared to the corresponding month in 2022. Early ... Read More
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Lodging (Destination) in the United Arab Emirates
... various preferences, from luxury seekers to culture enthusiasts, Dubai has emerged as a top choice for luxury tourism. Hotels in the city rebounded impressively post-pandemic in 2022, with occupancy rates peaking at 90% in March, ... Read More
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Lodging (Destination) in Portugal
... in 2023 with both value sales and bed nights reaching peaks above 2019 values. Average daily rates are set to continue growing in 2023, although at a slower pace, after a double-digit rise in 2022. ... Read More
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Travel in the Netherlands
... May and summer holidays, with land, rail and air travel prominent. Travel and tourism players are working hard to cater to accelerated outbound tourism flows. The most popular options are beach holidays and other trips ... Read More
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Lodging (Destination) in Mexico
... its expansion. To mitigate the impact of inflation, many businesses are turning to the concept of “all inclusive” packages. These comprehensive offerings not only shield travellers from the effects of inflation, but also provide a ... Read More
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Booking in the United Arab Emirates
... business travellers. This trend is exemplified by hotels in the United Arab Emirates actively encouraging guests to book directly through various incentives, such as exclusive deals, loyalty programmes, and tailored services. As consumers gain easier ... Read More
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Tourism Flows in the United Arab Emirates
... in Dubai had surpassed pre-pandemic international visitation levels, with 20% year-on-year growth. The Emirate is targeting first-time visitors to stimulate further growth in tourism, and is focusing on increasing the number of stopover visits. Euromonitor ... Read More
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Booking in Portugal
... during the pandemic making travel affordable. While some customers prefer closer destinations and adjust the number of days or the type of hotel, others continue to seek out the trip of a lifetime or just ... Read More
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Travel in the United Arab Emirates
... has not only attracted millions of visitors, but also extended their stays, resulting in robust occupancy rates that reflect their appeal. This resurgence has translated into significant earnings, marking a resounding revival for hotels. Meanwhile, ... Read More
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Travel in South Korea
... 2023 have also been spending considerable sums of money, evidence of pent-up demand for new experiences and indulgence as a result of prolonged home seclusion. This surge in demand is attributed to the reopening of ... Read More
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Travel in Taiwan
... all COVID-19-related entry restrictions in October 2022, the number of international tourists gradually increased. Industry sources recorded a boom in demand during the Lunar New Year holiday, which fell at the end of January 2023. ... Read More
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Travel in Italy
... closer proximity to their home with the possibility of travel by car. Italians are taking shorter breaks to keep costs down, while many Italians are also opting to take domestic holidays given the difficulty of ... Read More
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