Travel Agents Market Research Reports & Industry Analysis
The demand for travel agents relies on 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 will online services will increase overall profitability.
Independent travel agencies depend on 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 agencies focus on corporate clients, and are able to provide a broad spectrum of services, as well as operate elaborate websites to promote their services.
Travel Agents Industry Research & Market Reports
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Online Travel Sales and Intermediaries in South Korea
... travel have compounded the sector’s struggle. Japan has traditionally been among the most popular destinations for South Korean travellers, but in 2019 outbound departures to the country dropped by 26%, to fall further in 2020 ... Read More
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Online Travel Agent Global Market Opportunities And Strategies To 2030: COVID-19 Growth and Change
... the strategists, marketers and senior management with the critical information they need to assess the global online travel agent market. Reasons to Purchase Outperform competitors using accurate up to date demand-side dynamics information. Understand how ... Read More
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Online Travel Sales and Intermediaries in Israel
... leave and laid off others. Many are struggling to survive amid mass cancellations and a lack of new bookings. Players decry the first aid package of ILS8 billion presented by the Israeli government, claiming that ... Read More
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Online Travel Sales and Intermediaries in Colombia
... rearranged reservations for clients, and several companies gathered their teams together to strategize. Plans on how best to commercialise their products in the medium- and long-term have led to investment in social media communications and ... Read More
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Online Travel Sales and Intermediaries in Peru
... the highest seasons of tourism: Easter. Between March and May, most flights were grounded, meaning inbound arrivals were severely reduced. Tourists with upcoming trips to Peru most likely cancelled or postponed to a further date. ... Read More
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Online Travel Sales and Intermediaries in Finland
... border closures prevented consumers from travelling. There are also serious concerns in the industry about refunds for cancelled trips. Many service providers in destination countries have not returned the money for cancelled trips, but by ... Read More
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Online Travel Sales and Intermediaries in South Africa
... COVID-19 virus and the number of restrictions imposed to halt its spread, including the wide range of restrictions on travel and tourism. As prospective travellers stay closer to home due to measures meant to help ... Read More
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Online Travel Sales and Intermediaries in Ecuador
... onwards, intermediaries in Ecuador were forced to close from March through to May. During this time, sales came to a halt, and agencies had to give refunds to many customers which made the situation even ... Read More
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Online Travel Sales and Intermediaries in Norway
... whether for short breaks or lengthier holidays. Intermediaries have long encouraged this behaviour by aggressively marketing spring and summer packages to sunnier destinations in southern Europe and other regions – colloquially known as “Syden” (the ... Read More
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Online Travel Sales and Intermediaries in Saudi Arabia
... restrictions and the low tourist flows. With flights grounded and a nationwide lockdown dampening domestic tourist flows, online travel intermediaries in Saudi Arabia have seen a significant decline in bookings. Equally, travel intermediaries relying solely ... Read More
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Online Travel Sales and Intermediaries in Morocco
... and the reduction of tourist flows. With outbound and inbound flights restricted and hotels and lodgings companies being forced to close in the first half of 2020, online travel intermediaries in Morocco have seen a ... Read More
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Online Travel Sales and Intermediaries in Ukraine
... online, as COVID-19 limited movement in 2020. A lot of travel intermediaries’ time was taken up with handling cancellations and rescheduling. As the pandemic is considered to be a force majeure in Ukraine, there was ... Read More
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Online Travel Sales and Intermediaries in the United Arab Emirates
... dealt with a huge volume of cancelled trips and requests for refunds. This involved the bookings of both business and leisure travellers in addition to those from expat residents in the United Arab Emirates. Among ... Read More
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Online Travel Sales and Intermediaries in Austria
... package bookings in that month, according to TAIPURA. Extensive measures undertaken by the government brought public life to a standstill by mid-March. Travel limitations and more and more travel warnings led to a complete halt ... Read More
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Online Travel Sales and Intermediaries in Taiwan
... travel intermediaries in 2020. As travel bookings saw a large number of cancelations over 2020, this had a major impact on cashflow at travel intermediaries, while upstream players were also suffering from liquidity problems. Although ... Read More
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Online Travel Sales and Intermediaries in Poland
... the earliest. Government measures allowed refunds for clients whose trips had been cancelled, though many operators issued vouchers instead. However, in May 2020 EU directives made it clear that refunds must be distributed within 14 ... Read More
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Online Travel Agent Market Global Briefing 2020-30: Covid 19 Growth And Change
... CAGR of -20%. The market is expected to recover and grow at a CAGR of 8.38% from 2020 to reach $1332.54 billion in 2030. Online Travel Agent Market Global Briefing 2020-30: Covid 19 Growth And ... Read More
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Online Travel Sales and Intermediaries in Argentina
... an already extremely challenging environment. Travel bans and border closures around the world in 2020 have contributed to an existing climate of uncertainty and led to a large decline in online travel sales and revenues. ... Read More
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Online Travel Sales and Intermediaries in Chile
... impact on travel and tourism and a huge climate of uncertainty, with a resulting large decline in online travel sales and revenues. The crisis of 2020 follows a difficult 2019 in Chile, especially in the ... Read More
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Online Travel Sales and Intermediaries in Kenya
... in Kenya, restricting outbound and inbound tourist flows and putting financial pressure on local hotels and companies reliant on the tourism industry. Travel intermediaries face plummeting revenues during the peak of the pandemic, when government ... Read More
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Online Travel Sales and Intermediaries in Brazil
... consumers. Players therefore engaged in communicating to customers that it was important that they did not cancel their trips, but instead look to reschedule them. This is because compromising their own funds to provide customers ... Read More
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Online Travel Sales and Intermediaries in Romania
... round, most Romanians agreed to reschedule their cancelled trips. The alternative would have been to ask for a refund, but few consumers had hope of any success. Leisure group travel continues to suffer as restrictions ... Read More
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Online Travel Sales and Intermediaries in Slovakia
... COVID-19 pandemic and related travel restrictions, prospective holiday-makers are staying close to home in 2020, a trend that is significantly dampening the performance of online travel sales and intermediaries. Indeed, the shutting down of travel ... Read More
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Online Travel Sales and Intermediaries in Egypt
... sales are set to be made online in 2020, a far lower rate than other competing regional destinations. Egyptian consumers prefer the level of personal service that this channel offers, and the intermediaries themselves prefer ... Read More
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Online Travel Sales and Intermediaries in Slovenia
... continue throughout 2020 overall. The agencies organising tourist trips in Slovenia have been dramatically affected whilst those offering trips abroad have been noticing a change in tourism flows. Euromonitor International's Online Travel Sales and Intermediaries ... Read More
