New Horizons in Subscription-Based Travel Services Market Exploring Future Growth Potential,New Developments, Company Performance and Forecast 2031 | AAA, Blade Plus, Global Entry, Going, Google Fi

Market Overview:

Subscription-based travel services offer flexible travel access and membership benefits to customers through monthly subscription fees. These services provide hassle-free travel by giving access to deals on flights, hotels, car rentals, and activities.

Market Dynamics:

The subscription-based travel services market is expected to grow at a significant rate owing to increasing demand for convenient and flexible travel options among travelers and growing preference towards subscription models. With busy lifestyles, travelers look for travel arrangements that offer flexibility in planning and changes which subscription models provide through instant access to deals and rewards. Additionally, increasing disposable incomes allow customers to pay monthly subscription fees for enriched travel experiences and comfort, thereby driving the market growth. Subscription models also benefit service providers through recurring revenue streams and customer loyalty.

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MARKET DRIVER : Increasing adoption of smartphones and other smart devices

The adoption of smartphones and other smart devices like tablets has increased dramatically worldwide over the past decade. As mobile internet access has become nearly ubiquitous, consumers now expect to be able to access services and information anywhere, anytime from their mobile devices. Subscription based travel services provide consumers with mobile apps that allow things like booking hotels, flights and activities, tracking itineraries, accessing travel guides and maps, and more all from their phones. This mobile-first experience matches the on-the-go lifestyle of many travelers today and has helped drive significant growth in the subscription travel services market.

Modern travelers want their travel experiences to be tailored specifically to their own interests and preferences rather than following generic tours or packages. Subscription based travel platforms gather data on users' travel histories, preferences for types of destinations, activities etc. to generate highly personalized recommendations and customized trip plans. This level of personalization helps travelers save time in planning trips while ensuring activities and destinations aligned with their tastes. The ability to offer this more personalized approach has attracted many customers to subscription models and contributed to market expansion.

MARKET RESTRAIN: High subscription fees act as a barrier

While subscription based travel services offer many conveniences, some potential customers see the monthly or annual subscription fees as too high considering they may only use the service for one or two trips per year. Especially for leisure travelers on occasional trips, paying a subscription fee just does not seem worthwhile compared to free third party travel apps or sites for one-off uses. The costs of maintaining these sophisticated travel platforms and mobile apps also requires subscriptions high enough to sustain ongoing development which puts some customers off from signing up in the first place despite the value added services. This has limited the reach of subscription travel companies to some extent.

MARKET OPPORTUNITY: Growing demand from business/corporate travelers

Business and corporate travelers who take frequent domestic and international trips for work can greatly benefit from subscription travel services that offer seamless trip planning and changes across flights, hotels and activities. Many companies are realizing the productivity gains employees receive from these concierge-style services and are willing to cover individual or company-wide subscriptions. As remote and distributed work models become more common, the need for managing travel arrangements will continue growing among this user segment. Subscription travel providers have an opportunity to tailor additional features for business needs and capture a large portion of this expanding commercial travel management market.

MARKET TRENDS: Increasing consolidation in the market

The subscription travel services industry has seen rising consolidation activity in recent years as larger players look to achieve synergies and expand their offerings through strategic acquisitions. For example, between 2019-2021 TripActions acquired several travel startups including Pana, Pixelgate, Perpetual Guard and CWT Solutions Group. American Express also acquired the travel tech company Uplift in 2021. This trend is likely to continue as mid-size companies seek buyouts from major brands. Over time, the market may become dominated by a small number of large subscription travel management firms providing end-to-end travel solutions for both personal and business customers globally.

The report further explores the key business players along with their in-depth profiling:

AAA
Blade Plus
Global Entry
Going
Google Fi
Wheels Up
Inspirato Pass
Lyft Pink
TSA PreCheck
Priority Pass

Market Split by Types can be divided into:

Trip Subscription
Membership Clubs

Market Split by Applications can be divided into:

Luxury Travel
Ordinary Travel

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Key Reasons for Buying the Global Subscription-Based Travel Services Report:

✦ Comprehensive analysis of the changing competitive landscape
✦ Assists in decision-making processes for the businesses along with detailed strategic planning methodologies
✦ The report offers forecast data and an assessment of the Global Subscription-Based Travel Services Industry
✦ Helps in understanding the key product segments and their estimated growth rate
✦ In-depth analysis of market drivers, restraints, trends, and opportunities
✦ Comprehensive regional analysis of the Global Subscription-Based Travel Services Industry
✦ Extensive profiling of the key stakeholders of the business sphere
✦ Detailed analysis of the factors influencing the growth of the Global Subscription-Based Travel Services Industry

The report answers questions such as:

➢ What is the market size and forecast of the global Subscription-Based Travel Services market?
➢ What are the inhibiting factors and impact of COVID-19 shaping the global Subscription-Based Travel Services market during the forecast period?
➢ Which are the products/segments/applications/areas to invest in over the forecast period in the global Subscription-Based Travel Services market?
➢ What is the competitive strategic window for opportunities in the market?
➢ What are the technology trends and regulatory frameworks in the Subscription-Based Travel Services market?

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Table of Content:

1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social, and Technological) Analysis of Subscription-Based Travel Services Market
2 Market Trends and Competitive Landscape
3 Segmentation of Subscription-Based Travel Services Market by Types
4 Segmentation of Subscription-Based Travel Services Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Subscription-Based Travel Services Market in Major Countries
7 North America Subscription-Based Travel Services Landscape Analysis
8 Europe Subscription-Based Travel Services Landscape Analysis
9 Asia Pacific Subscription-Based Travel Services Landscape Analysis
10 Latin America, Middle East & Africa Subscription-Based Travel Services Landscape Analysis
11 Major Players Profile

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