Market Overview:
The global travel agencies market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for leisure travel, rising disposable income, and growing tourism industry. In terms of type, the airline bookings segment is expected to hold the largest share in the global travel agencies market during the forecast period. This can be attributed to increased air traffic and rising demand for air travel from consumers across regions. In terms of application, individual travelers are expected to account for a larger share in the global market as compared to corporations during the forecast period.
Product Definition:
A travel agency is a business that helps people plan and book trips. They can help with everything from finding flights and hotels to arranging tours and activities.
International and Domestic Airline Bookings:
International and domestic airline bookings are the confirmations of passenger and freight booking for transportation from origin to destination by an airline company. The major functions performed by the international and domestic airline booking software include inventory management, customer relationship management, order processing, sales support automation among others.
Tour and Packaged Travel Bookings:
Tour and packaged travel bookings is the part of the overall online travel booking industry. It includes all the activities related to selling, buying and managing trips in an organized way using a computerized database. The major functions involved in tour & packaged travel bookings include customer services, sales management, marketing research & analytics and financial management among others.
Application Insights:
The market is segmented by application into corporate travel, individual travel and others. The corporate travel segment accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to growing business enterprises across all major economies of the world coupled with an increase in cross-border trade activities resulting in a rise in demand for international transport agents.
The individual travel segment is anticipated to register significant growth over the forecast period owing to increasing number of leisure travelers from developing countries such as China, India, Brazil and Mexico who prefer affordable domestic airfares along with package deals including hotel reservations and car rentals that are available at significantly lower prices compared to those offered by traditional tour operators or cruise companies. Moreover, technological advancements have made it easier for individuals traveling on a budget (i.e.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to several factors such as increasing number of corporate travelers, rising tourism activities, and growing online travel marketplace companies. Moreover, presence of major players in this region is also expected to drive the growth over next eight years.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing disposable income and improved standard of living resulting into increased demand for international travel among individuals as well as corporate entities. Furthermore, rapid development along with improving infrastructure facilities will boost industry expansion across this region during same period due to rise in awareness regarding various modes of transport services available globally thereby driving overall revenue share across all segments including domestic airlines booking service providers; tour operators; accommodation reservation; car rental agencies etc.;) ‘8' (2030).
Growth Factors:
- Increasing disposable income of people
- Rising demand for leisure travel
- Proliferation of online booking platforms
- Growing popularity of experiential travel
- Expansion of global tourism industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Travel Agencies Market Research Report
By Type
International and Domestic Airline Bookings, Tour and Packaged Travel Bookings, Accommodation Bookings, Cruise Bookings, Car Rental, Others
By Application
Corporations, Individual Travelers
By Companies
Asia World Enterprise, Carlson Wagonlit Travel, Central America Travel Services, Regency Travel & Tours, Adelman Travel Group, AdTrav Travel Management, Atlas Travel International, Balboa Travel Management, Cain Travel, Expedia, Frosch International Travel, Global Crew Logistics, Kintetsu International Express, Montrose Travel, Omega World Travel, Ovation Travel Group, Thomas Cook, Travel and Transport, Travelocity, Travelong, TravelStore, TripAdvisor, Uniglobe Travel International, World Direct Travel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Travel Agencies Market Report Segments:
The global Travel Agencies market is segmented on the basis of:
Types
International and Domestic Airline Bookings, Tour and Packaged Travel Bookings, Accommodation Bookings, Cruise Bookings, Car Rental, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Corporations, Individual Travelers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Asia World Enterprise
- Carlson Wagonlit Travel
- Central America Travel Services
- Regency Travel & Tours
- Adelman Travel Group
- AdTrav Travel Management
- Atlas Travel International
- Balboa Travel Management
- Cain Travel
- Expedia
- Frosch International Travel
- Global Crew Logistics
- Kintetsu International Express
- Montrose Travel
- Omega World Travel
- Ovation Travel Group
- Thomas Cook
- Travel and Transport
- Travelocity
- Travelong
- TravelStore
- TripAdvisor
- Uniglobe Travel International
- World Direct Travel
Highlights of The Travel Agencies Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- International and Domestic Airline Bookings
- Tour and Packaged Travel Bookings
- Accommodation Bookings
- Cruise Bookings
- Car Rental
- Others
- By Application:
- Corporations
- Individual Travelers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Travel Agencies Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A travel agency is a business that specializes in arranging trips for customers. They may offer services such as booking airfare, hotels, and car rentals; providing information about destinations; or helping to plan the trip.
Some of the major companies in the travel agencies market are Asia World Enterprise, Carlson Wagonlit Travel, Central America Travel Services, Regency Travel & Tours, Adelman Travel Group, AdTrav Travel Management, Atlas Travel International, Balboa Travel Management, Cain Travel, Expedia, Frosch International Travel, Global Crew Logistics, Kintetsu International Express, Montrose Travel, Omega World Travel, Ovation Travel Group, Thomas Cook, Travel and Transport, Travelocity, Travelong, TravelStore, TripAdvisor, Uniglobe Travel International, World Direct Travel.
The travel agencies market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Travel Agencies Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Travel Agencies Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Travel Agencies Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Travel Agencies Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Travel Agencies Market Size & Forecast, 2018-2028
4.5.1 Travel Agencies Market Size and Y-o-Y Growth
4.5.2 Travel Agencies Market Absolute $ Opportunity
Chapter 5 Global Travel Agencies Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Travel Agencies Market Size Forecast by Type
5.2.1 International and Domestic Airline Bookings
5.2.2 Tour and Packaged Travel Bookings
5.2.3 Accommodation Bookings
5.2.4 Cruise Bookings
5.2.5 Car Rental
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Travel Agencies Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Travel Agencies Market Size Forecast by Applications
6.2.1 Corporations
6.2.2 Individual Travelers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Travel Agencies Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Travel Agencies Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Travel Agencies Analysis and Forecast
9.1 Introduction
9.2 North America Travel Agencies Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Travel Agencies Market Size Forecast by Type
9.6.1 International and Domestic Airline Bookings
9.6.2 Tour and Packaged Travel Bookings
9.6.3 Accommodation Bookings
9.6.4 Cruise Bookings
9.6.5 Car Rental
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Travel Agencies Market Size Forecast by Applications
9.10.1 Corporations
9.10.2 Individual Travelers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Travel Agencies Analysis and Forecast
10.1 Introduction
10.2 Europe Travel Agencies Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Travel Agencies Market Size Forecast by Type
10.6.1 International and Domestic Airline Bookings
10.6.2 Tour and Packaged Travel Bookings
10.6.3 Accommodation Bookings
10.6.4 Cruise Bookings
10.6.5 Car Rental
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Travel Agencies Market Size Forecast by Applications
10.10.1 Corporations
10.10.2 Individual Travelers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Travel Agencies Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Travel Agencies Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Travel Agencies Market Size Forecast by Type
11.6.1 International and Domestic Airline Bookings
11.6.2 Tour and Packaged Travel Bookings
11.6.3 Accommodation Bookings
11.6.4 Cruise Bookings
11.6.5 Car Rental
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Travel Agencies Market Size Forecast by Applications
11.10.1 Corporations
11.10.2 Individual Travelers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Travel Agencies Analysis and Forecast
12.1 Introduction
12.2 Latin America Travel Agencies Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Travel Agencies Market Size Forecast by Type
12.6.1 International and Domestic Airline Bookings
12.6.2 Tour and Packaged Travel Bookings
12.6.3 Accommodation Bookings
12.6.4 Cruise Bookings
12.6.5 Car Rental
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Travel Agencies Market Size Forecast by Applications
12.10.1 Corporations
12.10.2 Individual Travelers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Travel Agencies Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Travel Agencies Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Travel Agencies Market Size Forecast by Type
13.6.1 International and Domestic Airline Bookings
13.6.2 Tour and Packaged Travel Bookings
13.6.3 Accommodation Bookings
13.6.4 Cruise Bookings
13.6.5 Car Rental
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Travel Agencies Market Size Forecast by Applications
13.10.1 Corporations
13.10.2 Individual Travelers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Travel Agencies Market: Competitive Dashboard
14.2 Global Travel Agencies Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Asia World Enterprise
14.3.2 Carlson Wagonlit Travel
14.3.3 Central America Travel Services
14.3.4 Regency Travel & Tours
14.3.5 Adelman Travel Group
14.3.6 AdTrav Travel Management
14.3.7 Atlas Travel International
14.3.8 Balboa Travel Management
14.3.9 Cain Travel
14.3.10 Expedia
14.3.11 Frosch International Travel
14.3.12 Global Crew Logistics
14.3.13 Kintetsu International Express
14.3.14 Montrose Travel
14.3.15 Omega World Travel
14.3.16 Ovation Travel Group
14.3.17 Thomas Cook
14.3.18 Travel and Transport
14.3.19 Travelocity
14.3.20 Travelong
14.3.21 TravelStore
14.3.22 TripAdvisor
14.3.23 Uniglobe Travel International
14.3.24 World Direct Travel
