openPR Logo
Press release

Global Travel and Tourism Market 2020 Key Players, Size, Trends, Impact of COVID-19 and Forecasts to 2024

10-15-2020 03:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketReportsOnline

“Global travel and tourism Market: Size & Forecasts with Impact Analysis of COVID-19 (2020-2024)”, provides an in depth analysis of the global travel and tourism market by value, by travel type, by application, by region, etc. The report provides a regional analysis of the travel and tourism market, including the following regions: Asia Pacific (China, Japan, India, Australia & Rest of Asia Pacific), Europe (Germany, Italy, UK, Spain & Rest of Europe), North America (the US, Canada & Rest of North America), Middle East & Africa, and Latin America. The report also provides a detailed analysis of the COVID-19 impact on the travel and tourism market.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global travel and tourism market has also been forecasted for the period 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Get Free Sample Copy of this Research Report at https://www.marketreportsonline.com/contacts/requestsample.php?name=819177

The global travel and tourism market is fragmented with a large number of players operating worldwide. The key players of the travel and tourism market are TUI Group, Expedia Group, Inc., Hilton Worldwide Holdings Inc., and Booking Holdings Inc. are also profiled with their financial information and respective business strategies.

Country Coverage
• Asia Pacific (China, Japan, India, Australia & Rest of Asia Pacific)
• Europe (Germany, Italy, UK, Spain & Rest of Europe)
• North America (the US, Canada & Rest of North America)
• Middle East & Africa
• Latin America

Company Coverage
• TUI Group
• Expedia Group, Inc.
• Hilton Worldwide Holdings Inc.
• Booking Holdings Inc.

Executive Summary
Travel and tourism includes several sectors, which are transportation, accommodation, food & beverage, retail stores, entertainment, and certain connected industries, such as travel agents, tourism organizations, etc. The travel and tourism market can be segmented on the basis of travel type (Leisure and Business); and application (Domestic and International).

Order a Copy of this Research Report at https://www.marketreportsonline.com/contacts/purchase.php?name=819177

The global travel and tourism market has increased at a significant CAGR during the years 2016-2019 and projections are made that the market would decline in the year 2020 tremendously, and then rise progressively in the next three years i.e. 2021-2024. The travel and tourism market is expected to increase due to rapid urbanization, increasing spending of middle class population, rise in travel by millennial population, growing use of internet, escalating domestic tourism, etc. Yet the market faces some challenges such as economic slowdown, cost of vacation and inflation, etc.

Table of Contents
1. Executive Summary
2. Introduction
2.1 Travel and Tourism: An Overview
2.1.1 Sectors within the Travel and Tourism Industry
2.1.2 Characteristics of Travel and Tourism
2.1.3 Forms of Tourism
2.1.4 Importance of Travel and Tourism
2.2 Travel and Tourism Segmentation: An Overview
2.2.1 Travel and Tourism Segmentation by Travel Type
2.2.2 Travel and Tourism Segmentation by Application
3. Global Market Analysis
3.1 Global Travel and Tourism Market: An Analysis
3.1.1 Global Travel and Tourism Market by Value
3.1.2 Global Travel and Tourism Market by Travel Type (Leisure and Business)
3.1.3 Global Travel and Tourism Market by Application (Domestic and International)
3.1.4 Global Travel and Tourism Market by Region (Asia Pacific, Europe, North America, Middle East & Africa and Latin America)
3.2 Global Travel and Tourism Market: Travel Type Analysis
3.2.1 Global Leisure Travel and Tourism Market by Value
3.2.2 Global Business Travel and Tourism Market by Value
3.3 Global Travel and Tourism Market: Application Analysis
3.3.1 Global Domestic Travel and Tourism Market by Value
3.3.2 Global International Travel and Tourism Market by Value
4. Regional Market Analysis
4.1 Asia Pacific Travel and Tourism Market: An Analysis
4.1.1 Asia Pacific Travel and Tourism Market by Value
4.1.2 Asia Pacific Travel and Tourism Market by Region (China, Japan, India, Australia and Rest of Asia Pacific)
4.1.3 China Travel and Tourism Market by Value
4.1.4 China Travel and Tourism Market by Application (Domestic and International)
4.1.5 China Domestic & International Travel and Tourism Market by Value
4.1.6 Japan Travel and Tourism Market by Value
4.1.7 Australia Travel and Tourism Market by Value
4.1.8 India Travel and Tourism Market by Value
4.1.9 Rest of Asia Pacific Travel and Tourism Market by Value
4.2 Europe Travel and Tourism Market: An Analysis
4.2.1 Europe Travel and Tourism Market by Value
4.2.2 Europe Travel and Tourism Market by Region (Germany, Italy, UK, Spain and Rest of Europe)
4.2.3 Germany Travel and Tourism Market by Value
4.2.4 Italy Travel and Tourism Market by Value
4.2.5 UK Travel and Tourism Market by Value
4.2.6 Spain Travel and Tourism Market by Value
4.2.7 Rest of Europe Travel and Tourism Market by Value
4.3 North America Travel and Tourism Market: An Analysis
4.3.1 North America Travel and Tourism Market by Value
4.3.2 North America Travel and Tourism Market by Region (The US, Canada and Rest of North America)
4.3.3 The US Travel and Tourism Market by Value
4.3.4 The US Travel and Tourism Market by Travel Type (Leisure and Business)
4.3.5 The US Leisure & Business Travel and Tourism Market by Value
4.3.6 The US Travel and Tourism Market by Application (Domestic and International)
4.3.7 The US Domestic & International Travel and Tourism Market by Value
4.3.8 Canada Travel and Tourism Market by Value
4.3.9 Rest of North America Travel and Tourism Market by Value
4.4 Middle East & Africa Travel and Tourism Market: An Analysis
4.4.1 Middle East & Africa Travel and Tourism Market by Value
4.5 Latin America Travel and Tourism Market: An Analysis
4.5.1 Latin America Travel and Tourism Market by Value

Browse full report at https://www.marketreportsonline.com/819177.html

5. Impact of COVID-19
5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on Travel and Tourism Sector
5.1.2 Impact of COVID-19 on International Tourism
5.1.3 Impact of COVID-19 on Business Travel
5.1.4 Impact of COVID-19 on Airlines
5.1.5 Impact of COVID-19 on Hotel Industry
5.1.6 Impact of COVID-19 on Employment in Travel and Tourism Industry
5.1.7 COVID-19: The Pace of the Recovery
6. Market Dynamics
6.1 Growth Driver
6.1.1 Rapid Urbanization
6.1.2 Increasing Spending of Middle Class Population
6.1.3 Rise in Travel by Millennial Population
6.1.4 Growing Use of Internet
6.1.5 Escalating Domestic Tourism
6.2 Challenges
6.2.1 Economic Slowdown
6.2.2 Cost of Vacation and Inflation
6.3 Market Trends
6.3.1 Rise in Cultural Tourism
6.3.2 Growing Trend of Eco-tourism
6.3.3 Increasing Focus on Creating New Experiences
6.3.4 Surge in Bleisure Travel
6.3.5 Emergence of Transformative Travel
6.3.6 Escalating Popularity of Solo Travel
6.3.7 Technological Advancements in the Travel and Tourism
7. Competitive Landscape
7.1 Global Travel and Tourism Market Players: A Financial Comparison
7.2 Global Hotel Market Players by Customer Type
7.3 China Hotel Market Players by Market Share
8. Company Profiles
8.1 TUI Group
8.1.1 Business Overview
8.1.2 Financial Overview
8.1.3 Business Strategy
8.2 Expedia Group, Inc.
8.2.1 Business Overview
8.2.2 Financial Overview
8.2.3 Business Strategy
8.3 Hilton Worldwide Holdings Inc.
8.3.1 Business Overview
8.3.2 Financial Overview
8.3.3 Business Strategy
8.4 Booking Holdings Inc.
8.4.1 Business Overview
8.4.2 Financial Overview
8.4.3 Business Strategy

List of Tables
Table 1: Global Travel and Tourism Market Players: A Financial Comparison; 2019
List of Figures

MarketReportsOnline.com is your one stop market research and industry analysis reports' library providing business data and intelligence information on thousands of micro markets with global as well as regional coverage. Category focused research, country reports, company profiles, regional and global industry profiles and guides to premium reports offering extensive coverage of other 20+ industries are all available in our library of syndicated market research reports.

+ 1 888 391 5441
sales@marketreportsonline.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Travel and Tourism Market 2020 Key Players, Size, Trends, Impact of COVID-19 and Forecasts to 2024 here

News-ID: 2160948 • Views:

More Releases from MarketReportsOnline

US Lettuce & Chicory Market Key Players, Exports & Imports, Size, Share, Demands …
The US lettuce and chicory market is forecasted to reach US$5.09 billion in 2026, experiencing growth at a CAGR of 2.62% during the period spanning from 2022 to 2026. Growth in the lettuce and chicory market is supported by factors such as rising population, rising middle class spending, shift towards veganism/ vegetarianism, increasing awareness regarding the health benefit of chicory and rising social media influence. However, the market growth is
Global Breast Biopsy Market - Hologic, Danaher Corporation, Becton, Dickinson & …
The global breast biopsy market is forecasted to reach US$1.75 billion in 2025, experiencing growth at a CAGR of 8.56% for the period spanning 2022-202. Growth in the global breast biopsy market was supported by factors such as increasing prevalence of breast cancer and rising female population aged 65 or above. Growing adoption of liquid biopsy is likely to have a positive impact on the global breast biopsy market. However,
Global Contract Development & Manufacturing Organization Market - Catalent, Inc. …
The global Contract Development & Manufacturing Organization (CDMO) market is estimated to reach US$246.6 billion in 2026, growing at a CAGR of 9.31%, for the period spanning 2022-2026. The factors such as increasing per capita disposable income, increasing global healthcare expenditure, rising aging population, increasing R&D spending, growing number of new drugs, rise in investments and strategic collaborations and growing demand for pharmaceutical products are expected to drive the market.
Korean Gaming Market (Mobile, PC and Console) - Netmarble, Pearl Abyss, NCSoft, …
The Korean gaming market is anticipated to reach US$20.98 billion in 2026, growing at a CAGR of 6.21% during the period spanning 2022-2026. After the U.S., China, and Japan, it is the fourth largest market, accounting for more than 6% of the worldwide gaming industry in 2021. The growth in the market has been driven by factors like rising smartphone penetration, rapid urbanization, rising gaming subscribers' penetration rate, expansion of MMORPGs,

All 5 Releases


More Releases for Travel

Solo Travel Service Market Next Big Thing | Ftlo Travel, Weroad Travel, EL Camin …
The "Solo Travel Service - Market Development Outlook" Study has been added to AMA repository. The study envisage detailed qualitative as well as quantitative market data insights and follows Industry benchmark classification and NAICS standards to build strong players coverage in the study. Some of the major and emerging players identified are Exodus Travel (United Kingdom), G Adventures (Canada), Ftlo Travel (Canada), Weroad Travel (United Kingdom), EL Camino Travel (United
Honeymoon Travel Market to Witness Remarkable Growth by 2029 | AAA Travel, World …
HTF MI introduces new research on Honeymoon Travel covering the micro level of analysis by competitors and key business segments (2023-2029). The Honeymoon Travel explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled
Travel Agencies Market Giants Spending Is Going To Boom | Carlson Wagonlit Trave …
Advance Market Analytics published a new research publication on "Global Travel Agencies Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Travel Agencies market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample Copy of
Educational Travel Market to See Competition Rise | STA Travel, Key Travel, Elli …
According to HTF Market Intelligence, the Global Educational Travel market to witness a CAGR of 17.01% during forecast period of 2023-2028. The market is segmented by Global Educational Travel Market Breakdown by Application (Primary School Students, Middle & High School Students, College Students) by Type (Below 3 Days, 3 to 7 Days, Above 7 Days) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Educational Travel market
Excellent Growth of Business Travel Management Service Market Key Players- Carls …
“Business Travel Management Service Industry 2020 Market Research Report” A new report added by reportsandmarkets.com to its research database. Business Travel Management Service Market is segmented by Regions/Countries. All the key market aspects that influence the Business Travel Management Service market presently and will have an impact on it have been evaluated and propounded in the Business Travel Management Service market research status and development trends reviewed in the new
Honeymoon Tourism Market Is Thriving Worldwide : China Travel, HRG North America …
A fresh market research study titled Honeymoon Tourism Market explores several significant facets related to Honeymoon Tourism Market covering industry environment, segmentation analysis, and competitive landscape. Realistic concepts of the market are mentioned in a simple and plain manner in this report. A comprehensive and elaborate primary analysis report highlights numerous facts such as development factors, business enhancement strategies, statistical growth, financial gain or loss to help readers and clients