Travel Agency Services Market Share, Size, Trends, Industry Analysis Report, By Services (Full-service Global Travel Arrangements, Additional Travel Services); By Booking Channel; By Tourist Type; By Tour Type; By Age Group; By Region; Segment Forecast, 2

Travel Agency Services Market Share, Size, Trends, Industry Analysis Report, By Services (Full-service Global Travel Arrangements, Additional Travel Services); By Booking Channel; By Tourist Type; By Tour Type; By Age Group; By Region; Segment Forecast, 2023 - 2032

The global travel agency services market size is expected to reach USD 1,074.99 Million by 2032, according to a new study by Polaris Market Research. The report “Travel Agency Services Market Share, Size, Trends, Industry Analysis Report, By Services (Full-service Global Travel Arrangements, Additional Travel Services); By Booking Channel; By Tourist Type; By Tour Type; By Age Group; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Travel agency services play a critical role in assisting consumers with their trip plans, whether domestic or international. It helps in preparing places to visit based on consumer preferences, booking hotels for accommodation, and placing less burden on tourists. Most travel agencies are adopting technology to provide real-time updates about clients' ticket confirmations, weather conditions, and flight delays. Expedia, a travel booking giant, incorporated ChatGPT into its app to increase interaction with generative AI in planning trips for its users. It aids in preparing trips for individuals.

The Travel Agency Services Market is broad and encompasses a wide range of services and segments within the travel and tourism industry. The market caters to the needs of various types of travelers, including leisure tourists, business travelers, adventurers, and those seeking specialized experiences.

Travel agencies facilitate the booking of flights, hotels, rental cars, cruises, and other travel-related services. They provide options and recommendations based on travelers' preferences and budgets. Itinerary Planning: Travel agencies help travelers plan comprehensive itineraries, including sightseeing, activities, and dining options, ensuring a well-organized and enjoyable trip.

Travel Agencies are adopting technology to build consumer-friendly apps to increase convenience for their customers. Booking.com introduced a new AI trip planner to improve customers' travel planning experiences. Based on machine learning algorithms, it suggests destinations along with accommodation facilities to the users. As companies start using artificial intelligence in their networks, it will increase consumer satisfaction rates and help them plan visits to tourist places easily. As technology is evolving, best usage in business operations by travel agencies increases customer satisfaction, attracting consumers to their next trips.

Travel Agency Services Market Report Highlights

Full-service global travel segment held the fastest market revenue in 2022 due to its ability to reduce customer work.

The online segment accounted for the largest market share during the forecast period owing to its global reach and consumer-friendly user interfaces.

North America accounted for the largest revenue share during the forecast period due to the robust travel industry, high demand for travel services, and technological advancements contributed to its market leadership.

The global players include American Express Global Business Travel, Booking Holdings, Corporate Travel Management, CWT, Expedia Group, Flight Centre Travel Group, Kesari Tours Pvt. Ltd., MakeMyTrip Ltd., TripAdvisor, TUI Group, Yatra Online Inc.

Polaris Market Research has segmented the travel agency services market report based on services, booking channel, tourist type, tour type, age group and region:

Travel Agency Services, Services Outlook (Revenue - USD Million, 2019 - 2032)

Full-service Global Travel Arrangements

Flights

Hotels

Additional Travel Services

Car Hire

Others

Travel Agency Services, Booking Channel Outlook (Revenue - USD Million, 2019 - 2032)

Phone Booking

Online Booking

In Person Booking

Travel Agency Services, Tourist Type Outlook (Revenue - USD Million, 2019 - 2032)

Domestic

International

Travel Agency Services, Tour Type Outlook (Revenue - USD Million, 2019 - 2032)

Independent Traveler

Package Traveler

Tour Group

Travel Agency Services, Age Group Outlook (Revenue - USD Million, 2019 - 2032)

15 to 25 Years

26 to 35 Years

36 to 45 Years

46 to 55 Years

66 to 75 Years

Travel Agency Services, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa