Impact of COVID-19 on the Travel Arrangement and Reservation Services Market 2020-2030 - ResearchAndMarkets.com

DUBLIN--()--The "Travel Arrangement And Reservation Services Global Market Report 2020-30: Covid 19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.

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.

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider travel arrangement and reservation services market, and compares it with other markets.

Western Europe was the largest region in the global travel arrangement and reservation services market, accounting for 49% of the market in 2019. Asia-Pacific was the second largest region accounting for 21% of the global travel arrangement and reservation services market. Africa was the smallest region in the global travel arrangement and reservation services market.

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.

Report Scope

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The travel arrangement and reservation services market section of the report gives context. It compares the travel arrangement and reservation services market with other segments of the commercial services market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, travel arrangement and reservation services indicators comparison.

Key Topics Covered

1. Executive Summary

2. Report Structure

3. Travel Arrangement And Reservation Services Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Travel Arrangement And Reservation Services Market Product Analysis

4.1. Leading Products/Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Travel Arrangement And Reservation Services Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Travel Arrangement And Reservation Services Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Travel Arrangement And Reservation Services Market Trends And Strategies

8. Travel Arrangement And Reservation Services Market Size And Growth

8.1. Market Size

8.2. Historic Market Growth, Value ($ Billion)

8.2.1. Drivers Of The Market

8.2.2. Restraints On The Market

8.3. Forecast Market Growth, Value ($ Billion)

8.3.1. Drivers Of The Market

8.3.2. Restraints On The Market

9. Travel Arrangement And Reservation Services Market Regional Analysis

9.1. Global Travel Arrangement And Reservation Services Market, 2019, By Region, Value ($ Billion)

9.2. Global Travel Arrangement And Reservation Services Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Region

9.3. Global Travel Arrangement And Reservation Services Market, Growth And Market Share Comparison, By Region

10. Travel Arrangement And Reservation Services Market Segmentation

10.1. Global Travel Arrangement And Reservation Services Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

  • Travel Agencies
  • Tour Operators
  • Convention And Visitors Bureaus
  • Other Travel Arrangement And Reservation Services

10.2. Global Travel Arrangement And Reservation Services Market, Segmentation By Mode of Travel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

  • Domestic Travel
  • Foreign Travel

10.3. Global Travel Arrangement And Reservation Services Market, Segmentation By Mode of Booking, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

  • Online
  • Online

11. Travel Arrangement And Reservation Services Market Metrics

11.1. Travel Arrangement And Reservation Services Market Size, Percentage Of GDP, 2015-2023, Global

11.2. Per Capita Average Travel Arrangement And Reservation Services Market Expenditure, 2015-2023, Global

Companies Mentioned

  • Carlson Wagonlit Travel
  • American Express
  • BCD Travel
  • Expedia
  • Priceline Group

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900