Travel Services Market Research Reports & Industry Analysis
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.
Travel Services Industry Research & Market Reports
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Vietnam Booking
... markets such as South Korea, Japan, China, and Thailand to promote tourism. According to these agreements, it is easier for Vietnamese tourists to apply for a visa in a big group, such as through a ... Read More
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Hong Kong, China Booking
... transformation, accentuated by the seismic disruptions caused by the pandemic, has reshaped the competitive dynamics within the category, presenting both challenges and opportunities for players across the value chain. 63% of Hong Kong respondents purchased ... Read More
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Austria Travel
... domestic trips is close to returning to the 2019 level. In addition, key measures, such as hotel room nights and value sales and airline value sales, are reaching new heights as travel leaves the COVID-19 ... Read More
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The United Arab Emirates Lodging (Destination)
... position of the United Arab Emirates as a global luxury destination, attracting high net worth individuals and affluent tourists. Major international hotel chains, such as Marriott, are expanding their luxury offerings in the region, opening ... Read More
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Singapore Lodging (Destination)
... significant progress in value sales across various lodging categories. For instance, value sales of budget hotels in Singapore surpassed the pre-pandemic level as early as 2022, as consumers looked to travel on a budget in ... Read More
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South Korea Lodging (Destination)
... driven by the lifting of travel bans and pandemic restrictions. This move towards individual travellers is expected to lead to higher room rates compared with group bookings, but it also increases hotels’ reliance on online ... Read More
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Argentina Tourism Flows
... it becomes more affordable for tourists from other countries to visit Argentina since their purchasing power increases, allowing them to spend more on accommodation, dining and attractions. Euromonitor International's Tourism Flows in Argentina report offers ... Read More
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Austria Lodging (Destination)
... the 2019 pre-Coronavirus (COVID-19) pandemic level. Business trips and long-distance travel are still slightly curbed due to the experience of the pandemic, but also partly due to greater efforts to save money by both leisure ... Read More
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Mexico Booking
... and Price Res SAPI de CV (Price Travel). Growth in this space is led by online sales, although one of the winning strategies has been to adopt an omnichannel approach. Thus, Best Day Travel allows ... Read More
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Austria Tourism Flows
... are almost in line with the 2019 level. Austria primarily benefits from its central location in Europe, which made the country an attractive destination for travellers from neighbouring countries in particular, but also for many ... Read More
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Italy Tourism Flows
... inbound, domestic, and outbound travel. Amongst inbound and domestic flows, Millennials represent a large part of the total, and this group includes travellers with a medium-high economic status, with a good propensity to spend in ... Read More
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Colombia Tourism Flows
... to increased expenditure across sectors associated with the tourism industry. Consequently, there was a boost in the local economies of visited regions. This substantial uplift in foreign tourist arrivals reflects the growing interest in Colombia's ... Read More
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Mexico Lodging (Destination)
... also facing a greater room offer and thus competition. Large hotel chains such as Fiesta Americana have implemented space remodelling strategies that attract economic flow while promoting life-work and extended stays, specifically targeting the growth ... Read More
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Australia Booking
... the pressures of the high cost of living, consumers show little hesitation in planning trips, contributing to the ongoing recovery of leisure-business tourism and leisure packages. This trend has defied conventional expectations, as CommBank's 2023 ... Read More
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Chile Booking
... pandemic. This period saw many flights and hotel reservations cancelled, and airlines and hotels often failed to address refund requests adequately, either resolving issues partially or not fulfilling refund or ticket change requests at all. ... Read More
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Saudi Arabia Booking
... current value sales for travel intermediaries, including during 2024. For example, leisure packages is set to see further double-digit current value growth over 2024, supported by rising holiday prices amid an increase in travel demand ... Read More
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Malaysia Tourism Flows
... of the review period, with domestic tourism playing a leading role in driving tourism flows. There has also been a focus on developing source markets, with a particular emphasis on attracting tourists from India. Indeed, ... Read More
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Singapore Tourism Flows
... Despite slightly lower visitor numbers overall in 2024 than pre-pandemic, Singapore continues to attract prestigious world-class events, and has also secured a robust pipeline of events until 2028-2029, such as the World Aquatics Championships in ... Read More
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China Booking
... same year. Consumers increasingly favour independent travel over group travel, with the help of online travel agents (OTAs) and social commerce platforms such as Red Book and Douyin. Moreover, OTA giant Trip.com has launched the ... Read More
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Argentina Booking
... many cases, consumers prefer to use agencies with physical branches where they can speak to a person in the event of any issues with services and contractors. Euromonitor International's Booking in Argentina report offers a ... Read More
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China Travel
... expected to be more than offset by the strong recovery of mid-haul travel. Travellers are now more interested in travelling to local destinations, as well as those linked by high-speed railway. For example, Huangshan (Yellow ... Read More
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Hong Kong, China Travel
... levels. Notably, China, a key source market that is expected to contribute to over 70% of inbound arrivals during the year, has shown a shift in traveller behaviour towards seeking low-cost, high-value travel experiences. Data ... Read More
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Singapore Travel
... higher costs, focusing on destinations such as Japan, Thailand, South Korea, Indonesia, and the US. Euromonitor International's Travel in Singapore report offers a comprehensive guide to the size and shape of the market at a ... Read More
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Japan Lodging (Destination)
... hotels were inaugurated in different cities, including the Bvlgari Hotel in Tokyo, Dusitani Kyoto, Hilton Yokohama, and Centara Grand Hotel Osaka. In 2024, the opening of luxurious hotels has continued, such as Janu Tokyo, Six ... Read More
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Spain Tourism Flows
... the UK, France, and Germany; as well as attracting visitors from the like of Belgium, the Netherlands, and the USA. However, there has been a resurgence of local concerns about “overtourism” in 2024, whereby the ... Read More
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