Global Travel Agencies Market Growth (Status and Outlook) 2023-2029

Global Travel Agencies Market Growth (Status and Outlook) 2023-2029

A travel agency is a private retailer or public service that provides travel and tourism related services to the public on behalf of suppliers such as activities, airlines, car rentals, cruise lines, hotels, railways, travel insurance, and package tours.

LPI (LP Information)' newest research report, the “Travel Agencies Industry Forecast” looks at past sales and reviews total world Travel Agencies sales in 2022, providing a comprehensive analysis by region and market sector of projected Travel Agencies sales for 2023 through 2029. With Travel Agencies sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Travel Agencies industry.

This Insight Report provides a comprehensive analysis of the global Travel Agencies landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Travel Agencies portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Travel Agencies market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Travel Agencies and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Travel Agencies.

The global Travel Agencies market size is projected to grow from US$ 150200 million in 2022 to US$ 429740 million in 2029; it is expected to grow at a CAGR of 16.2% from 2023 to 2029.

Main players of travel agencies market are Booking Holdings Inc., Expedia Group Inc. and Trip.com Group Limited. Geographically speaking, USA holds over 25% of total market share, followed by Europe with over 20% share. In terms of type, international and domestic airline bookings segment and tour and packaged travel bookings segment holds about a half of global market share in total. In terms of sales channel, online segment holds a dominant share of over 85%.

This report presents a comprehensive overview, market shares, and growth opportunities of Travel Agencies market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
International and Domestic Airline Bookings
Tour and Packaged Travel Bookings
Accommodation Bookings
Cruise Bookings
Car Rental
Others

Segmentation by application
Online
Offline

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Booking Holdings Inc.
Expedia Group Inc.
Trip.com Group Limited
Tripadvisor, Inc.
Trivago NV
eDreams
Odigeo
Despegar
MakeMyTrip Limited
Webjet Limited
Priceline
TUI Group

Please note: The report will take approximately 2 business days to prepare and deliver.