Global Travel Agency Services Market 2024-2028
Global Travel Agency Services Market 2024-2028
The travel agency services market is forecasted to grow by USD 156.7 bn during 2023-2028, accelerating at a CAGR of 8.6% during the forecast period. The report on the travel agency services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing international tourist footfalls, growing preference for booking through online travel agencies, and increasing disposable income of travelers.
Technavio's travel agency services market is segmented as below:
- By Type
- Leisure travel
- Business travel
- Specialty travel
- By Distribution Channel
- Online travel agencies
- Hybrid
- Brick and mortar travel agencies
- By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the increasing use of technologically advanced travel solutions as one of the prime reasons driving the travel agency services market growth during the next few years. Also, rise in adoption of voice search and virtual assistance technologies and increase in number of collaborations, partnerships, and strategic alliances will lead to sizable demand in the market.
The report on the travel agency services market covers the following areas:
- Travel agency services market sizing
- Travel agency services market forecast
- Travel agency services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading travel agency services market vendors that include Abercrombie and Kent USA LLC, American Express Co., BCD Group, Booking Holdings Inc., China tourism group, Corporate Travel Management Ltd., CWT Global BV, eDreams ODIGEO, Expedia Group Inc., Flight Centre Travel Group Ltd., Kesari Tours Pvt. Ltd., MakeMyTrip Ltd., Services International Ltd., The Travel Corp, Thomas Cook India Ltd., Trafalgar, Trip.com Group Ltd., TripAdvisor Inc., TUI AG, and Yatra Online Inc.. Also, the travel agency services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.