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Travel Arrangement And Reservation Services Global Market Report 2019

Starting Price : $ 4000.00 | Pages : 300 | Published : January 2019 | SKU CODE : 5372 | Format :


Travel Arrangement And Reservation Services Market Characteristics

The travel arrangement and reservation services market consists of the sales of travel arrangement and reservation services and related goods by entities (organizations, sole traders and partnerships) that provide travel agency services, arrange and assemble tours or provide other travel arrangement and reservation services.

Competitive Landscape of the Travel Arrangement And Reservation Services Market

Major players in the global travel arrangement and reservation services market include Carlson Wagonlit Travel, American Express, BCD Travel, Expedia, and Priceline Group.

Travel Arrangement And Reservation Services Market Size

The travel arrangement and reservation services market size is expected to significantly grow at a CAGR of more than 6% during the forecast period. The growth in the travel arrangement and reservation services market is due to the growing adoption of technology and online services.

However, the market for travel arrangement and reservation services is expected to face certain restraints from several factors such as low operating margins and limited penetration of the service to urban areas.

Travel Arrangement And Reservation Services Market Segmentation

The global travel arrangement and reservation services market is further segmented based on type and geography
By Type - The travel arrangement and reservation services market is segmented into travel agencies, tour operators, convention and visitors bureaus, and other travel arrangement and reservation services.
By Geography - The global travel arrangement and reservation services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe’s travel arrangement and reservation services market accounts for the largest share in the global travel arrangement and reservation services market.
Trends in the Travel Arrangement And Reservation Services Market
Travel arrangement companies are increasingly using IoT technologies in providing customised options to customers for flight and accommodation bookings. Travel aggregator websites search for the best deals across multiple websites and lists the results on a web page. And most of the airline companies are also using IoT technologies right from locating a traveler in emergency situations to finding a missing passenger who hasn’t board the flight yet. More than 89% airlines are looking forward for immense changes over the next three years with IOT technology in the travel industry. Potential Opportunities in the Travel Arrangement And Reservation Services Market With the increasing young population and extensive usage of mobile phones, the scope and potential for the global travel arrangement and reservation services market is expected to significantly rise in the forecast period.

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