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Asia-Pacific Group Travel Market by Group Type (Leisure Group, Special Interest Group, High End Group, and Incentive Travel) and Sales Channel (Travel Agencies and Tour Operators): Global Opportunity Analysis and Industry Forecast, 2019-2030

Asia-Pacific Group Travel Market by Group Type (Leisure Group, Special Interest Group, High End Group, and Incentive Travel) and Sales Channel (Travel Agencies and Tour Operators): Global Opportunity Analysis and Industry Forecast, 2019-2030

The Asia-Pacific group travel market size is expected to be valued at $ 689.5 billion by 2030, registering a CAGR of 6.0% from 2019 to 2030. According to UNWTO, Tourism is a social, cultural, and economic phenomenon, which entails movement of people across countries or places outside their usual environment for personal or professional purpose. Tourism sector has grown uninterrupted over the past years, becoming one of the fastest and largest-growing economic sectors around the world. International tourist arrivals have consistently grown over the years, from 25 million in 1950 to about 670 million in 2000 and reaching about a billion in 2012. In 2017s, international tourist arrivals grew by a remarkable 7%, recording a total arrival of about 1.3 billion. Furthermore, 2018 experienced an increase of international tourist arrivals for about 6% recording total arrivals of 1.4 billion tourists worldwide.

Group travel refers to the people travelling together in a group of two or more than two. Reservations for group travelers are often booked together during the course of their travel, which includes logistics, accommodation, and travelling. Moreover, traveling in a group is relatively more economical than traveling solo, as the costs incurred in meals, transits, activities, and accommodations are shared between the groups..

Nowadays, technology has become basic prerequisite to ensure multiple operations are carried out immaculately, and the tourism industry is no different. Technology has always remained cynosure for travel and hospitality industry. Technology is disrupting the established market with the advent of web-based booking and use of AI and IoT in operation optimizations. Technology-driven players such as online hotel aggregators and metasearch engines have heavily invested on big data analytics to make analytics-driven business decisions. Furthermore, use of Artificial Intelligence has been deployed in chatbots and virtual assistants to provide seamless customer experience. In addition, engaged stakeholders in the industry are driving their attention toward enhancement of mobile experience to provide uncluttered experience to the travelers while booking on their platforms.

Natural disasters and outbreak of life-threatening diseases severely affect the growth of the travel industry. Natural disasters such as hurricane, earthquake, and tsunami affect the number of people visiting such areas, as these natural calamities damage the public transportation systems, disrupts the natural beauty, culture, and economy for either a short or an extended period. In addition, regions hit by diseases such as swine flu and Zika virus have witnessed decline in tourism. Tourist have become more conscious in terms of the selection for the destinations they pursue with the increase in medical warnings and awareness about the affected areas. Such disasters hamper the growth of group tourism market

Segment review

The Asia-Pacific group travel market is segmented based on group type, sales channel, and country. Based on group type, the Asia-Pacific group travel market is studied across leisure group, special interest group, high end group, and incentive travel. Based on sales channel, the market is bifurcated into travel agencies and tour operators. To gain a comprehensive understanding, the market scenario is analyzed across key countries namely Thailand, Indonesia, Malaysia, Singapore, India, Philippines, China, Taiwan, Hong Kong, Japan, Korea, and rest of Asia-Pacific.

The key players profiled in the report for Asia-Pacific group travel market are EXO Travel, Thomas Cook (India) Limited, G2 Travel, Apollo Asia Travel Group (AATG), Destination Asia, Expedia, Inc. Miki Travel Limited, Trafalgar and ASIA DMC

KEY BENEFITS FOR STAKEHOLDERS

The report provides an extensive analysis of the current and emerging market trends and opportunities in the global market.
The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing market opportunities.
A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
Asia-Pacific Group Travel Market Segments

By Group Type

Leisure Group
Special Interest Group
High End Group
Incentive Travel

By Sales Channel

Travel Agencies
Tour Operators

By Country

Thailand
Indonesia
Malaysia
Singapore
India
Philippines
China
Taiwan
Hong Kong
Japan
Korea
Rest of Asia-Pacific
Asia-Pacific Group Travel Market Key Market Players
EXO Travel
Thomas Cook (India) Limited
G2 Travel
Apollo Asia Travel Group (AATG)
Destination Asia
Expedia, Inc
Miki Travel Limited
Trafalgar
ASIA DMC


Chapter 1: Introduction
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Top Winning Strategies
3.4. Porter'S Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Threat of New Entrants
3.4.3. Threat of Substitutes
3.4.4. Competitive Rivalry
3.4.5. Bargaining Power of Buyers
3.5. Top Player Positioning
3.6. Market Dynamics
3.6.1. Drivers
3.6.1.1. Pursuit of Unique Experiences To Augment The Global Tourism Industry
3.6.1.2. Mobile Applications, Big Data Analytics, And Artificial Intelligence Evolving Together Amidst Proliferating Tourism Industry
3.6.1.3. Rise of Social Media Positively Impacting Travel Industry
3.6.2. Restraints
3.6.2.1. Fluctuating Fortunes For Destinations
3.6.2.2. Nature And Tourism No Longer In Sync
3.6.3. Opportunities
3.6.3.1. Unique Destinations Gaining High Traction Amongst Tourists
3.6.3.2. Eco-Mmodation—New Trend Amongst Millennials
Chapter 4: Asia-Pacific Group Travel Market, By Group Type
4.1. Overview
4.1.1. Market Size And Forecast By Group Type
4.2. Leisure Group
4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast
4.3. Special Interest Group
4.3.1. Key Market Trends, Growth Factors And Opportunities
4.3.2. Market Size And Forecast
4.4. High End Group
4.4.1. Key Market Trends, Growth Factors And Opportunities
4.4.2. Market Size And Forecast
4.5. Incentive Travel
4.5.1. Key Market Trends, Growth Factors And Opportunities
4.5.2. Market Size And Forecast
Chapter 5: Asia-Pacific Group Travel Market By Sales Channel
5.1. Overview
5.1.1. Market Size And Forecast By Sales Channel
5.2. Travel Agencies
5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast
5.3. Tour Operators
5.3.1. Key Market Trends, Growth Factors And Opportunities
5.3.2. Market Size And Forecast By Sales Channel
Chapter 6: Asia-Pacific Group Travel Market By Country
6.1. Overview
6.1.1. Market Size And Forecast
6.1.2. Thailand
6.1.2.1. Overview
6.1.2.2. Market Size And Forecast, By Group Type
6.1.2.3. Market Size And Forecast, By Sales Channel
6.1.3. Indonesia
6.1.3.1. Overview
6.1.3.2. Market Size And Forecast, By Group Type
6.1.3.3. Market Size And Forecast, By Sales Channel
6.1.4. Malaysia
6.1.4.1. Overview
6.1.4.2. Market Size And Forecast, By Group Type
6.1.4.3. Market Size And Forecast, By Sales Channel
6.1.5. Singapore
6.1.5.1. Overview
6.1.5.2. Market Size And Forecast, By Group Type
6.1.5.3. Market Size And Forecast, By Sales Channel
6.1.6. India
6.1.6.1. Overview
6.1.6.2. Market Size And Forecast, By Group Type
6.1.6.3. Market Size And Forecast, By Sales Channel
6.1.7. Philippines
6.1.7.1. Overview
6.1.7.2. Market Size And Forecast, By Group Type
6.1.7.3. Market Size And Forecast, By Sales Channel
6.1.8. China
6.1.8.1. Overview
6.1.8.2. Market Size And Forecast, By Group Type
6.1.8.3. Market Size And Forecast, By Sales Channel
6.1.9. Taiwan
6.1.9.1. Overview
6.1.9.2. Market Size And Forecast, By Group Type
6.1.9.3. Market Size And Forecast, By Sales Channel
6.1.10. Hong Kong
6.1.10.1. Overview
6.1.10.2. Market Size And Forecast, By Group Type
6.1.10.3. Market Size And Forecast, By Sales Channel
6.1.11. Japan
6.1.11.1. Overview
6.1.11.2. Market Size And Forecast, By Group Type
6.1.11.3. Market Size And Forecast, By Sales Channel
6.1.12. Korea
6.1.12.1. Overview
6.1.12.2. Market Size And Forecast, By Group Type
6.1.12.3. Market Size And Forecast, By Sales Channel
6.1.13. Rest of Asia-Pacific
6.1.13.1. Overview
6.1.13.2. Market Size And Forecast, By Group Type
6.1.13.3. Market Size And Forecast, By Sales Channel
Chapter 7: Competitive Landscape
7.1.1. Competition Dashboard
7.1.2. Competitve Heatmap of Key Players
7.1. Key Developments
7.1.1. Acquisition
7.1.2. Agreement
7.1.3. Business Expansion
7.1.4. Launch
7.1.5. Partnership
Chapter 8: Company Profiles
8.1. Apollo Asia Travel Group (Aatg)
8.1.1. Company Overview
8.1.2. Key Executive
8.1.3. Company Snapshot
8.1.4. Product Portfolio
8.2. Asia Dmc
8.2.1. Company Overview
8.2.2. Key Executive
8.2.3. Company Snapshot
8.2.4. Service Portfolio
8.2.5. Key Strategic Moves And Developments
8.3. Destination Asia
8.3.1. Company Overview
8.3.2. Key Executive
8.3.3. Company Snapshot
8.3.4. Service Portfolio
8.3.5. Key Strategic Moves And Developments
8.4. Exo Travel
8.4.1. Company Overview
8.4.2. Key Executive
8.4.3. Company Snapshot
8.4.4. Service Portfolio
8.4.5. Key Strategic Moves And Developments
8.5. Expedia, Inc.
8.5.1. Company Overview
8.5.2. Key Executive
8.5.3. Company Snapshot
8.5.4. Operating Business Segments
8.5.5. Service Portfolio
8.5.6. R&D Expenditure
8.5.7. Business Performance
8.5.8. Key Strategic Moves And Developments
8.6. G2 Travel
8.6.1. Company Overview
8.6.2. Key Executive
8.6.3. Company Snapshot
8.6.4. Product Portfolio
8.7. Globus
8.7.1. Company Overview
8.7.2. Key Executive
8.7.3. Company Snapshot
8.7.4. Product Portfolio
8.8. Miki Travel Limited
8.8.1. Company Overview
8.8.2. Key Executive
8.8.3. Company Snapshot
8.8.4. Product Portfolio
8.8.5. Key Strategic Moves And Developments
8.9. Thomas Cook (India) Limited
8.9.1. Company Overview
8.9.2. Key Executive
8.9.3. Company Snapshot
8.9.4. Operating Business Segments
8.9.5. Service Portfolio
8.9.6. Business Performance
8.9.7. Key Strategic Moves And Developments
8.10. Trafalgar
8.10.1. Company Overview
8.10.2. Key Executive
8.10.3. Company Snapshot
8.10.4. Service Portfolio
8.10.5. Key Strategic Moves And Developments
List of Tables
Table 01. Asia-Pacific Group Travel Market, By Group Type, 2017–2022 ($Million)
Table 02. Asia-Pacific Group Travel Market, By Group Type, 2017–2022 ($Million)
Table 03. Asia-Pacific Leisure Group Travel Market, By Country, 2017–2022 ($Million)
Table 04. Asia-Pacific Leisure Group Travel Market, By Country, 2023–2030 ($Million)
Table 05. Asia-Pacific Special Interest Group Travel Market, By Country, 2017–2022 ($Million)
Table 06. Asia-Pacific Special Interest Group Travel Market, By Country, 2023–2030 ($Million)
Table 07. Asia-Pacific High-End Group Travel Market, By Country, 2017–2022 ($Million)
Table 08. Asia-Pacific High End Group Travel Market, By Country, 2023–2030 ($Million)
Table 09. Asia-Pacific Incentive Group Travel Market, By Country, 2017–2022 ($Million)
Table 10. Asia-Pacific Incentive Group Travel Market, By Country, 2023–2030 ($Million)
Table 11. Asia-Pacific Group Travel Market, By Sales Channel, 2017–2022 ($Million)
Table 12. Asia-Pacific Group Travel Market, By Sales Channel, 2023–2030 ($Million)
Table 13. Asia-Pacific Group Travel Market Booking Through Travel Agencies, By Country, 2017–2022 ($Million)
Table 14. Asia-Pacific Group Travel Market Booking Through Travel Agencies, By Country, 2023–2030 ($Million)
Table 15. Asia-Pacific Group Travel Market Booking Through Tour Operators, By Country, 2017–2022 ($Million)
Table 16. Asia-Pacific Group Travel Market Booking Through Tour Operators, By Country, 2023–2030 ($Million)
Table 17. Asia-Pacific Group Travel Market, By Country, 2017–2022 ($Million)
Table 18. Asia-Pacific Group Travel Market, By Country, 2023–2030 ($Million)
Table 19. Thailand Group Travel Market, By Group Type, 2017–2022 ($Million)
Table 20. Thailand Group Travel Market, By Group Type, 2023–2030 ($Million)
Table 21. Thailand Group Travel Market, By Sales Channel, 2017–2022 ($Million)
Table 22. Thailand Group Travel Market, By Sales Channel, 2023–2030 ($Million)
Table 23. Indonesia Group Travel Market, By Group Type, 2017–2022 ($Million)
Table 24. Indonesia Group Travel Market, By Group Type, 2023–2030 ($Million)
Table 25. Indonesia Group Travel Market, By Sales Channel, 2017–2022 ($Million)
Table 26. Indonesia Group Travel Market, By Sales Channel, 2023–2030 ($Million)
Table 27. Malaysia Group Travel Market, By Group Type, 2017–2022 ($Million)
Table 28. Malaysia Group Travel Market, By Group Type, 2023–2030 ($Million)
Table 29. Malaysia Group Travel Market, By Sales Channel, 2017–2022 ($Million)
Table 30. Malaysia Group Travel Market, By Sales Channel, 2023–2030 ($Million)
Table 31. Singapore Group Travel Market, By Group Type, 2017–2022 ($Million)
Table 32. Singapore Group Travel Market, By Group Type, 2023–2030 ($Million)
Table 33. Singapore Group Travel Market, By Sales Channel, 2017–2022 ($Million)
Table 34. Singapore Group Travel Market, By Sales Channel, 2023–2030 ($Million)
Table 35. India Group Travel Market, By Group Type, 2017–2022 ($Million)
Table 36. India Group Travel Market, By Group Type, 2023–2030 ($Million)
Table 37. India Group Travel Market, By Sales Channel, 2017–2022 ($Million)
Table 38. India Group Travel Market, By Sales Channel, 2023–2030 ($Million)
Table 39. Philippines Group Travel Market, By Group Type, 2017–2022 ($Million)
Table 40. Philippines Group Travel Market, By Group Type, 2023–2030 ($Million)
Table 41. Philippines Group Travel Market, By Sales Channel, 2017–2022 ($Million)
Table 42. Philippines Group Travel Market, By Sales Channel, 2023–2030 ($Million)
Table 43. China Group Travel Market, By Group Type, 2017–2022 ($Million)
Table 44. China Group Travel Market, By Group Type, 2023–2030 ($Million)
Table 45. China Group Travel Market, By Sales Channel, 2017–2022 ($Million)
Table 46. China Group Travel Market, By Sales Channel, 2023–2030 ($Million)
Table 47. Taiwan Group Travel Market, By Group Type, 2017–2022 ($Million)
Table 48. Taiwan Group Travel Market, By Group Type, 2023–2030 ($Million)
Table 49. Taiwan Group Travel Market, By Sales Channel, 2017–2022 ($Million)
Table 50. Taiwan Group Travel Market, By Sales Channel, 2023–2030 ($Million)
Table 51. Hong Kong Group Travel Market, By Group Type, 2017–2022 ($Million)
Table 52. Hong Kong Group Travel Market, By Group Type, 2023–2030 ($Million)
Table 53. Hong Kong Group Travel Market, By Sales Channel, 2017–2022 ($Million)
Table 54. Hong Kong Group Travel Market, By Sales Channel, 2023–2030 ($Million)
Table 55. Japan Group Travel Market, By Group Type, 2017–2022 ($Million)
Table 56. Japan Group Travel Market, By Group Type, 2023–2030 ($Million)
Table 57. Japan Group Travel Market, By Sales Channel, 2017–2022 ($Million)
Table 58. Japan Group Travel Market, By Sales Channel, 2023–2030 ($Million)
Table 59. Korea Group Travel Market, By Group Type, 2017–2022 ($Million)
Table 60. Korea Group Travel Market, By Group Type, 2023–2030 ($Million)
Table 61. Korea Group Travel Market, By Sales Channel, 2017–2022 ($Million)
Table 62. Korea Group Travel Market, By Sales Channel, 2023–2030 ($Million)
Table 63. Rest of Asia-Pacific Group Travel Market, By Group Type, 2017–2022 ($Million)
Table 64. Rest of Asia-Pacific Group Travel Market, By Group Type, 2023–2030 ($Million)
Table 65. Rest of Asia-Pacific Group Travel Market, By Sales Channel, 2017–2022 ($Million)
Table 66. Rest of Asia-Pacific Group Travel Market, By Sales Channel, 2023–2030 ($Million)
Table 67. Aatg: Key Executives
Table 68. Aatg: Company Snapshot
Table 69. Aatg: Service Portfolio
Table 70. Asia Dmc: Key Executives
Table 71. Asia Dmc: Company Snapshot
Table 72. Asia Dmc: Service Portfolio
Table 73. Destination Asia: Key Executives
Table 74. Destination Asia: Company Snapshot
Table 75. Destination Asia: Service Portfolio
Table 76. Exo Travel: Key Executives
Table 77. Exo Travel: Company Snapshot
Table 78. Exo Travel: Service Portfolio
Table 79. Expedia, Inc.: Key Executives
Table 80. Expedia, Inc.: Company Snapshot
Table 81. Expedia, Inc.: Operating Segments
Table 82. Expedia, Inc.: Service Portfolio
Table 83. Expedia, Inc.: R&D Expenditure, 2016–2018 ($Million)
Table 84. Expedia, Inc.: Net Sales, 2016–2018 ($Million)
Table 85. G2 Travel: Key Executives
Table 86. G2 Travel: Company Snapshot
Table 87. G2 Travel: Product Portfolio
Table 88. Globus: Key Executives
Table 89. Globus: Company Snapshot
Table 90. Globus: Product Portfolio
Table 91. Miki Travel Limited: Key Executives
Table 92. Miki Travel Limited: Company Snapshot
Table 93. Miki Travel Limited: Product Portfolio
Table 94. Thomas Cook (India) Limited: Key Executives
Table 95. Thomas Cook (India) Limited: Company Snapshot
Table 96. Thomas Cook (India) Limited: Operating Segments
Table 97. Thomas Cook (India) Limited: Service Portfolio
Table 98. Thomas Cook (India) Limited: Net Sales, 2016–2018 ($Million)
Table 99. Trafalgar: Key Executives
Table 100. Trafalgar: Company Snapshot
Table 101. Trafalgar: Service Portfolio
List of Figures
Figure 01. Asia-Pacific Group Travel Market: Key Market Segments
Figure 02. Asia-Pacific Group Travel Market Value Snapshot
Figure 03. Top Investment Pocket By Group Type
Figure 04. Top Winning Strategies, By Year, 2016–2019*
Figure 05. Top Winning Strategies, By Development, 2016–2019* (%)
Figure 06. Top Winning Strategies, By Company, 2016–2019*
Figure 07. Moderate Bargaining Power of Suppliers
Figure 08. Moderate Threat of New Entrants
Figure 09. Low Threat of Substitutes
Figure 10. High Competitive Rivalry
Figure 11. High Bargaining Power of Buyers
Figure 12. Top Player Positioning, 2017
Figure 13. Asia-Pacific Group Travel Market Dynamics
Figure 14. Asia-Pacific Group Travel Market Share, By Group Type, 2017 & 2030 (%)
Figure 15. Asia-Pacific Group Travel Market Share By Sales Channel, 2017 (%)
Figure 16. Asia-Pacific Group Travel Market Share By Country, 2017 (%)
Figure 17. Thailand Group Travel Market, 2017–2030 ($Million)
Figure 18. Indonesia Group Travel Market, 2017–2030 ($Million)
Figure 19. Malaysia Group Travel Market, 2017–2030 ($Million)
Figure 20. Singapore Group Travel Market, 2017–2030 ($Million)
Figure 21. India Group Travel Market, 2017–2030 ($Million)
Figure 22. Philippines Group Travel Market, 2017–2030 ($Million)
Figure 23. China Group Travel Market, 2017–2030 ($Million)
Figure 24. Taiwan Group Travel Market, 2017–2030 ($Million)
Figure 25. Hong Kong Group Travel Market, 2017–2030 ($Million)
Figure 26. Japan Group Travel Market, 2017–2030 ($Million)
Figure 27. Korea Group Travel Market, 2017–2030 ($Million)
Figure 28. Rest of Asia-Pacific Group Travel Market, 2017–2030 ($Million)
Figure 29. Competitve Heatmap of Key Players
Figure 30. Expedia, Inc.: R&D Expenditure, 2016–2018 ($Million)
Figure 31. Expedia, Inc.: Net Sales, 2016–2018 ($Million)
Figure 32. Expedia, Inc.: Revenue Share By Segment, 2018 (%)
Figure 33. Expedia, Inc.: Revenue Share By Business Model, 2018 (%)
Figure 34. Expedia, Inc.: Revenue Share By Service Type, 2018 (%)
Figure 35. Expedia, Inc.: Revenue Share By Region, 2018 (%)
Figure 36. Thomas Cook (India) Limited: Net Sales, 2016–2018 ($Million)
Figure 37. Thomas Cook (India) Limited: Revenue Share By Segment, 2018 (%)
Figure 38. Thomas Cook (India) Limited: Revenue Share By Region, 2018 (%)

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