Global Travel Services Market and Travel Technologies Industry Size, Share, Statistics, Growth, Industry Overview and Forecast to 2025

Orbisreserach.Com adds “Global Travel Services Industry” and "Global Travel Technologies Market" To Its Research Database

The Global Travel Services Market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Travel Services development in United States, Europe and China.

Global travel services have found that more and more consumers are inclined to have good travel agents present online or offline, including personalized attention, the convenience of the internet and good value. Simply put, reaching a good travel agency with expert agents will give you a chance to explore better experience, access, assurance and connections.
Above all, a travel agency which offers travel services is a private retailer that assists you with tourism and travel related services to their customers on behalf of supplies such as activities, travel insurance, hotels, railways, airlines, car rentals, cruise lines and package tours.

Apart from dealing with ordinary tourists, the present travel agencies establish a separate department which is solely devoted to designing and planning travel arrangement for business travelers; and a lot of travel agencies are created just to cater only commercial and business travel. Not to mention, several travel agencies build presence as general sales agents just for foreign travel companies authorizing them to have offices in other countries aside from where their headquarters are located.

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Global travel agency services have generated higher revenues over the past decade, while the core travel services have taken a dramatic change. Global tourism has regained its popularity with emerging economies.

The travel service industry consists of companies whose primary goal is to market travel services by providing the services of booking and arranging travel tours and accommodations to general and commercial clients.

The increasing demand for travelling drives the growth of travel service market. The technical advancement, growing people disposable income and people preference toward journey are key drivers propelling the growth of market. Travelling service enable customers to enjoy an unforgettable journey, because they can get a series of service provided by service corporations and they do not need to worry about their air ticket, accommodation and meal. Overall, travel service is super vital in travelling industries.

In 2017, the global Travel Services market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.



The key players covered in this study

Asia World Enterprise

Carlson Wagonlit Travel

Central America Travel Services

Regency Travel & Tours

...

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Market segment by Type, the product can be split into

Tour Packages

Flight Bookings

Hotel Booking Services

Cruise Bookings

Rail Bookings

Car Rental Services

Others



Market segment by Application, split into

Corporations

Individual Travelers


Another Report: "Global Travel Technologies Market"

This report focuses on the Global Travel Technologies Market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Travel Technologies development in United States, Europe and China.

Travel technologies are IT solutions used by airline companies, hotels, and OTAs to manage end-to-end travel solutions. IT solutions such as travel network management solution GDS, mobile solution, platform solutions, e-commerce software solution, data management solutions, and digital marketing solutions are primarily implemented in the travel industry.

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The increasing demand for automate travel management systems is expected to drive the growth prospects for the global travel technologies market in the coming years. Some of the major factors responsible for the growing demand for automated systems from the travel and tourism service providers is to minimize the cost, streamline the routine business processes, increase safety, security, and visibility, automate tracking systems, and reduce the operational costs. As a result, these travel and tourism service providers use travel automation technologies such as GDSs and e-payment systems to automate the operational and transactional processes. Also, since the manual process and legacy systems are highly inefficient in managing the high volume of transactions in online travel agencies, the travel providers have shifted from conventional methods towards the automated systems. Moreover, it has been observed that the demand for IT technological solutions such as the Internet of thing (IoT), big data analytics, and cloud computing is increasing with the advancements made in the travel industry by using automated travel management systems.

EMEA accounted for the maximum market share during 2017 and is expected to continue to dominate the market until the end of 2023. According to the market research and analysis, some of the major factors responsible for the market’s growth in the region includes the penetration of lower online travel agencies (OTA) and the presence of fragmented hotel market in Europe.

In 2017, the global Travel Technologies market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.


The key players covered in this study

Amadeus

Sabre

Travelport

Dolphin Dynamics

ecare Technology Labs

...

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Market segment by Type, the product can be split into

Airline & Hospitality IT Solutions

Global Distribution System (GDS)



Market segment by Application, split into

Airline Companies

Hotels

Others

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