Travel Arrangement And Reservation Services Market 2021 Global Insights and Business Scenario – BCD Group, Booking Holdings, Expedia Group, Trip.com Group

The “Travel Arrangement And Reservation Services Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Travel Arrangement And Reservation Services market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

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The study includes market share analysis and profiles of players such as BCD Group; Booking Holdings; Expedia Group; Trip.com Group; Flight Centre Travel Group (FCTG).

The global travel arrangement and reservation services market reached a value of nearly $303,587.6 million in 2020, having declined at a compound annual growth rate (CAGR) of -3.2% since 2015. The market is expected to grow from $303,587.6 million in 2020 to $474,364.8 million in 2025 at a rate of 9.3%. The market is then expected to grow at a CAGR of 5.4% from 2025 and reach $618,392.6 million in 2030.

Executive Summary:

Growth in the historic period in the travel arrangement and reservation services market resulted from strong economic growth in emerging markets, rapid population growth, demographic shift, improved earning capacity, acceptance of solo travel, and increase in paid leave. The market was restrained by skilled workforce shortages, high taxes on air travel, and the COVID-19 pandemic.

Going forward shift in travel trends, resurgence of staycations, surge in smartphone users, government initiatives, and technological advances will drive the growth in the travel arrangement and reservation services market. Factors that could hinder the growth of the market in the future include geo-political tensions, and slow recovery of the economy.

The travel arrangement and reservation services market is segmented by type into travel agencies, tour operators, convention and visitors bureaus, and other travel arrangement and reservation services. The travel agencies market was the largest segment of the travel arrangement and reservation services market segmented by type, accounting for 51.4% of the total in 2020. Going forward, the convention and visitors bureaus market segment is expected to be the fastest growing segment in the travel arrangement and reservation services market segmented by type, at a CAGR of 11.6% during 2020-2025.

Regional Analysis:

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Western Europe was the largest region in the travel arrangement and reservation services market, accounting for 48.6% of the total in 2020. It was followed by the Asia Pacific, North America and then the other regions. Going forward, the fastest-growing regions in the travel arrangement and reservation services market will be Middle East and South America where growth will be at CAGRs of 16.3% and 14.9% respectively during 2020-2025. These will be followed by Africa and Asia-Pacific, where the markets are expected to register CAGRs of 12.9% and 9.7% respectively during 2020-2025.

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Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Travel Arrangement And Reservation Services market.

The study objectives of this report are:

To study and analyze the global Travel Arrangement And Reservation Services size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2024, and forecast to 2025.
To understand the structure of Travel Arrangement And Reservation Services by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Travel Arrangement And Reservation Services manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Travel Arrangement And Reservation Services with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Travel Arrangement And Reservation Services submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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