DUBLIN--(BUSINESS WIRE)--The "Travel Arrangement and Reservation Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global travel arrangement and reservation services market as it emerges from the COVID-19 shut down.
The global travel arrangement and reservation services market is expected to grow from $303.59 billion in 2020 to $370.1 billion in 2021 at a compound annual growth rate (CAGR) of 21.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $474.36 billion in 2025 at a CAGR of 6%.
Companies Mentioned
- Carlson Wagonlit Travel
- American Express
- BCD Travel
- Expedia
- Priceline Group
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
The travel arrangement and reservation services market consists of sales of travel arrangement and reservation services and related goods by entities (organizations, sole traders and partnerships) that provide travel agency services, arrange and assemble tours or provide other travel arrangement and reservation services. The travel arrangement and reservation services market is segmented into travel agencies; tour operators; convention and visitors bureaus; and other travel arrangement and reservation services.
Western Europe was the largest region in the global travel arrangement and reservation services market, accounting for 49% of the market in 2020. 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 agencies and tour operators are increasingly using chat bots to offer personalized travel bookings to customers. A chat bot is an artificial intelligence program that can simulate a conversation with customers through messages or telephone calls and perform tasks such as ticket bookings and hotel reservations. Chat bots are an alternative to mobile applications and websites that provide personalized recommendations and bookings based on travel preferences and date of travel. For instance, Booking.com allows travellers to book flights and hotels through chat bots on Skype, Facebook Messenger and Slack. Other such chat bots include Dorothy, DoNotPay, Expedia and Air New Zealand's Oscar.
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. Impact of COVID-19 on Travel Arrangement and Reservation Services
9. Travel Arrangement and Reservation Services Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Travel Arrangement and Reservation Services Market Regional Analysis
10.1. Global Travel Arrangement and Reservation Services Market, 2020, by Region, Value ($ Billion)
10.2. Global Travel Arrangement and Reservation Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Travel Arrangement and Reservation Services Market, Growth and Market Share Comparison, by Region
11. Travel Arrangement and Reservation Services Market Segmentation
11.1. Global Travel Arrangement and Reservation Services Market, Segmentation by Type
11.2. Global Travel Arrangement and Reservation Services Market, Segmentation by Mode of Travel
11.3. Global Travel Arrangement and Reservation Services Market, Segmentation by Mode of Booking
12. Travel Arrangement and Reservation Services Market Metrics
12.1. Travel Arrangement and Reservation Services Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Travel Arrangement and Reservation Services Market Expenditure, 2015-2025, Global
For more information about this report visit https://www.researchandmarkets.com/r/7pmjc4
