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Travel Services Market Research Reports & Industry Analysis

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. Travel services are primarily engaged for include reservations and tickets for lodging and flights while traveling, as well as arranging packaged tours and cruises. Operators in the travel services industry are also able to arrange auto rentals, set up travel insurance, and help with the monetary exchanges for international travel. This industry possesses a well-established base of suppliers.

The demand for travel agents is reliant upon a number of factors: economic growth, business and leisure travel, consumer income, airline seat availability, technological developments, and the price of jet fuel. The primary costs this industry has to cope with include computer services and telecommunication services. As many consumers are more often turning to online booking services, computer access is imperative, and online services will increase overall profitability. The revenue of the travel service industry is made of up the fees charged for their services, and what services the client requests.

Independent travel service companies are dependent upon their marketing strategies to effectively appeal to the consumer and thus general a profit. Smaller companies put emphasis on catering to a small amount of large clientele, and serving a specific locale. Large travel service companies focus on corporate clients, and are able to provide a broad spectrum of services, as well as operate elaborate websites to promote their services.

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Travel Services Industry Research & Market Reports

  • Flows in the Philippines

    ...their primary destinations being Manila, Cebu, Bohol and Southern Luzon. As the country’s major markets, Taiwan, the US and Japan are currently experiencing some economic growth, the Philippines has benefited from increasing numbers of tourists ... Read More

  • Travel in Hong Kong, China

    ...experiencing the sharpest decline in a decade. However, outbound departures continue to grow strongly, with demand for trips to northern Asia and long haul flights to Europe, North America and Australia growing thanks to low ... Read More

  • Flows in Hong Kong, China

    ...North America, the Middle East and Australia. Since social media is an indispensable way of communicating with tourists, the Hong Kong Tourism Board invested heavily in social platforms such as Facebook, Twitter, Instagram, YouTube, Pinterest, ... Read More

  • Intermediaries in Hong Kong, China

    ...with cruise holiday packages growing in popularity amongst families. The strong Hong Kong dollar, which is pegged to the US dollar, and rising disposable incomes saw renewed interest in this luxurious travel format, particularly among ... Read More

  • Travel & Tourism North America (NAFTA) Industry Guide_2016

    ...the size, growth, major segments, and leading players in the NAFTA travel & tourism market Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the NAFTA travel & tourism market ... Read More

  • Lodging in Hong Kong, China

    ...decreased by 3% year-on-year in 2015 while inbound visitors from other countries did not pick up the slack. This had a significant impact on hotels as mainland visitors had been the mainstay of hotels and ... Read More

  • Online Travel Sales To Residents in Hong Kong, China

    ...Hong Kong was an offline market, relying on traditional travel agencies selling organised trips and holiday packages offline. However, the proliferation of online travel agencies has changed this, with such players offering more flexible and ... Read More

  • Travel in Singapore

    ...second largest source country for arrivals in Singapore. The increase seen in tourist arrivals was also due to the strong performance of cruise tourism as well as the marketing campaigns surrounding Singapore’s Golden Jubilee celebrations. ... Read More

  • Travel in Indonesia

    ...prevalent across several travel categories such as lodging, intermediaries and airlines, all of which reported a significant slowdown in sales growth during the year. Not only are people traveling less frequently, but they are also ... Read More

  • Online Travel Sales To Residents in Indonesia

    ...finally took off in Indonesia, according to industry players and the industry association. Numerous online channels are becoming more established and attempts to educate consumers about the advantages of online travel sales in past years ... Read More

  • Online Travel Sales To Residents in Malaysia

    ...According to internetlivestats.com, Malaysia’s internet penetration rate reached 68% in 2015, compared to only 56% in 2010. Euromonitor International's Online Travel Sales to Residents in Malaysia report offers a comprehensive guide to the size and ... Read More

  • Online Travel Sales To Residents in Singapore

    ...demand for farther-flung travel destinations in regions such as Western Europe, Latin America and Australasia, which helped to drive significant growth in online travel sales during the year. Singapore’s highly connected population also meant that ... Read More

  • Online Travel Sales To Residents in Vietnam

    ...travel sales to residents was a result of rising internet penetration, as well as the development of card payment systems in the country. Young professionals in big cities such as Ho Chi Minh City and ... Read More

  • Flows in Malaysia

    ...reputation among Chinese tourists after the disappearance of MH370 in 2014. With China being one of the leading source markets for Malaysia, its slow recovery in tourist arrivals had a significant impact on Malaysia’s tourism. ... Read More

  • Intermediaries in Indonesia

    ...and this is one area which has seen a major decline in sales in recent years due to the competition which they face from online operators, including both direct bookings with airlines and bookings through ... Read More

  • Intermediaries in Malaysia

    ...costs by purchasing dynamic packages. Consumers are also able to make a more informed decision on the products they are purchasing via customer reviews posted on intermediaries’ websites. Euromonitor International's Intermediaries in Malaysia report offers ... Read More

  • Lodging in Indonesia

    ...down from 9% in 2014. The oversupply of hotel rooms in the country dragged down the occupancy rate during 2016, with developers refraining from opening new hotels during 2015 as they sought to increase the ... Read More

  • Lodging in Malaysia

    ...lodging continued to achieve growth, there was a trend of consumers trading down to cheaper hotels in order to save money to spend on other travel components, such as shopping, food and destination travel. Euromonitor ... Read More

  • Travel in Malaysia

    ...campaign in 2014, the Malaysian Tourism Board continued to promote the country in 2015 with the “Year of Festivals” (MyFest) campaign by organising more than 50 major events and festivals to attract tourists to the ... Read More

  • Lodging in Singapore

    ...in inbound tourist arrivals and the rising competition from short-term rentals. Amidst global economic uncertainty, many companies based in the Southeast Asia region have been required to cut back on their travel budgets for their ... Read More

  • Travel in Vietnam

    ...economic zone in the East Sea during 2014-2015. Throughout 2015 the Vietnamese government continued to launch various events and advertising activities to promote tourism in the country. In addition, the government was more open in ... Read More

  • Intermediaries in Vietnam

    ...the fact that fuel prices showed a declining trend in 2015, which made air tickets and the prices of tours lower. As such, even though the current value performance in 2015 was lower than in ... Read More

  • Lodging in Vietnam

    ...Quoc Island became the new place for players in hotels to establish their stronger presence, corresponding to the increasing development of public transportation, such as airports and other infrastructure, in this location. Euromonitor International's Lodging ... Read More

  • Travel & Tourism Global Group of Eight (G8) Industry Guide_2016

    ...by identifying the size, growth, major segments, and leading players in the G8 travel & tourism market Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the G8 travel & ... Read More

  • Flows in Singapore

    ...China, Singapore’s second largest source country for arrivals after Malaysia. Tourist arrivals from China saw a steep 24% decline in 2014 due to the austerity measures enacted by the Chinese government, which saw government officials ... Read More

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