Press release
Travel Arrangement And Reservation Services Market 2020-2030 Trends With Top Key Players Carlson Wagonlit Travel; American Express; BCD Travel; Expedia; Priceline Group
Travel Arrangement And Reservation Services Market
The global travel arrangement and reservation services market is expected to decline from $418.7 billion in 2019 to $418.6 billion in 2020 at a compound annual growth rate (CAGR) of -0.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $498.8 billion in 2023.
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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.
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.
Travel Arrangement And Reservation Services Market Segmentation: -
By Type
Travel Agencies
Tour Operators
Convention And Visitors Bureaus
Other Travel Arrangement And Reservation Services
By Mode of Travel
Domestic Travel
Foreign Travel
By Mode of Booking
Online
Online
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Travel Arrangement And Reservation Services Market Characteristics
4. Travel Arrangement And Reservation Services Market Product Analysis
5. Travel Arrangement And Reservation Services Market Supply Chain
.
.
.
20. Key Mergers And Acquisitions In The Travel Arrangement And Reservation Services Market
21. Market Background: Commercial Services Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the Travel Arrangement And Reservation Services Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Travel Arrangement And Reservation Services Market are Carlson Wagonlit Travel; American Express; BCD Travel; Expedia; Priceline Group
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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