Press release
Travel Services Market Development, Storage Technology, Innovation, Segmentation, Strategy, Size, Share, Growth Opportunities
The Travel Services Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The Global Travel Services Market Size is Projected to Reach at a CAGR of 12.3% during 2022-2027.
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RECENT DEVELOPMENTS:
June 6, 2020
Gurugram-based online travel agency and travel search engine, Yatra Online Inc has announced that it is terminating the pending merger agreement with US-Based software firm Ebix Inc. The merger agreement, signed in 2019, for an enterprise value of $337.8 million (over Rs 2,300 crore) has not just been called off, but Yatra has also gone ahead and sued Ebix over breach of agreement, news agency PTI reported. The travel sector player, listed on NASDAQ, has seen its stock price fall 53% since the beginning of this year.
MARKET OVERVIEW:
The combination of travel and transportation offers, even those which include airport transfers, as well as holiday packages are growing hugely. Air accessibility and affordability is the biggest ongoing development in India, and the government’s regional airport development program is promoting connectivity to smaller cities and towns. The online travel market in India is mainly driven by several factors that include the increasing tourism industry, along with the rising penetration of internet usage and smartphone users across various countries. In addition to this, rapid urbanization, increasing per capita income, economic growth, and changing lifestyle of the customers shifting towards more enhanced services and comfort will have a positive impact on the growth of the market.
Top Leading Companies:
Cox & Kings Ltd., Yatra Online, Inc., Cleartrip Pvt. Ltd., MakeMyTrip Ltd., Oravel Stays Pvt. Ltd., Indian Railway Catering and Tourism Corp. Ltd., Thomas Cook (India) Ltd., ITC Ltd., TripAdvisor Inc., Airbnb Inc.
Travel Services Market Segmentation by Type:
Offline
Online
Travel Services Market Segmentation by Application:
Domestic Flight
Hotel Accommodation
Taxi/Cab
Domestic Bus Services
Rail Ticket
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Regional Travel Services Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Travel Services Market Report:
Detailed overview of Travel Services Market
Changing the Travel Services Market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Travel Services market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Travel Services Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Travel Services Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Travel Services Industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
We Offer Customization on Report Based on Specific Client Requirement:
–country Level analysis for any 5 countries of your choice.
– Competitive analysis of any 5 key market players.
–40 analyst hours to cover any other data point.
ABOUT US:
Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
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Irfan Tamboli (Head of Sales) – Market Intelligence information
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