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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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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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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