Leisure trips can be planned through online portals and conventional methods such as travel agencies
PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, USA, February 3, 2022 /EINPresswire.com/ — The word Bleisure is derived from two words – business and leisure which means to merge business and leisure into one action. Pleasure trip is preferred by various governments and corporate sectors due to its activities and leisure in one trip. Leisure trips can be solo or group trips. Many companies are changing their business policies. Leisure trips can be planned through online portals and conventional methods such as travel agencies. The increase in the number of bleisure travelers is driving the sales of hotels and travel agencies and the popularity of travel destinations, which in turn is driving the growth of the bleisure travel market.
North America (USA and Canada), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia and rest of Asia-Pacific), LAMEA (Middle East, Brazil, Mexico and Rest of LAMEA)
Airbnb Inc., American Express Travel, Expedia Inc., BCD Travel, Flight Center Travel Group, Carlson Wagonlit Travel, MakeMyTrip, World Travel Holding Inc.
Analysis of the COVID-19 scenario:
COVID-19 has affected the travel market, which has caused huge losses for travel agencies and hotel businesses. People are afraid to go on a trip with their families because of the situation of this pandemic. Hotels and many travel locations are closed due to strict government orders. Air and sea routes are restricted. Thus, COVID-19 has significantly affected the hospitality industry. Every online and conventional travel agency faces a financial problem to achieve the goal. Many workers, who worked in hotels and travel agencies, are unable to earn a living. COVID-19 has also caused problems for tourist places, which has affected the economic financial situation.
Main impact factors: analysis of market scenarios, trends, drivers and impact analysis
Leisure travel is profitable for business leaders and government employees. Advanced offers, better accommodations, improved services rendered during guests’ stay or good feedbacks are the factors driving the growth of the global bleisure market. However, poor experience and getting replacement deals at a better price are hampering market growth. Hotels and travel agencies can collaborate with the online travel booking website and promote their hotels and accommodations. It is expected to be an opportunity for hotels to delineate their market and chart a new course in the industry.
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The global travel bleisure market trends are as follows:
Companies are now opting for bleisure travel to motivate and retain their employees. The bleisure travel market is expected to witness growth in the coming years as corporate employees prefer to travel bleisure to be able to work and relax. Some business leaders also extend this trip for several days.
Bleisure companies focus on capturing as much market as possible. There are prominent players who hold a major share of the market and are focused on expanding business in every possible way.
Travel agencies can work with the best hotels known for their hospitality services and then book trips for customers. It can help businesses in many ways and can be profitable. The increase in facilities or accommodation and offers offered by travel agencies as well as hotels are expected to increase the number of customers.
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Key benefits of the report:
This study presents the analytical representation of the global Leisure Travel industry together with current trends and future estimations to determine impending pockets of investment.
The report presents information related to key drivers, restraints, and opportunities, along with a detailed analysis of the global leisure travel market share.
Current market is quantitatively analyzed from 2020 to 2027 to highlight the growth scenario of the global travel bleisure market.
Porter’s Five Forces analysis illustrates the power of buyers and suppliers in the marketplace.
The report provides a detailed analysis of the Global Leisure Travel Market based on the competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Bleisure Travel Market Research Report:
Who are the major market players active in the travel bleisure market?
What are the current trends that will influence the market in the coming years?
What are the market drivers, restraints and opportunities?
What future projections would help take further strategic action?
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