Travel Market Expected To Grow At A CAGR Of 13.86% By 2026 | Evolving opportunities with American Automobile Association Inc. and BCD Travel Services BV

41% of market growth will come from APAC. China and Japan are the main markets for Asia-Pacific travel. The growing tourism industry will facilitate the growth of the travel market in the APAC region. The growth in the travel market share by the airline segment will be important for income generation. With the improvement of the global economy, there has been simultaneous growth in the air travel industries of many countries around the world.

The travel market covers the following areas:

The Travel Market report provides overall update, market size and forecast, trends, growth drivers and challenges along with vendor analysis. The report offers up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.

the The travel market is driven by technological advances. The travel market is built on technologically advanced solutions that help travel agents and their customers access travel data, compare booking options, and book the most efficient, economical and comfortable option. Advances in artificial intelligence (AI) have made it possible to automate the travel booking process, eliminating the need to re-enter employee travel preferences and, as a result, saving time and energy.

the Travel market is segmented by sector (airline, hotel, travel activities and others) and geography (APAC, Europe, North America, South America, and MEA). This report presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources through analysis of key parameters.

Companies mentioned

  • American Automobile Association Inc.
  • BCD Travel Services BV
  • Reservation Holdings Inc.
  • Corporate Travel Management Ltd.
  • CWT Global BV
  • Expedia Group Inc.
  • Fareportal Inc
  • Flight Center Travel Group Ltd.
  • GBT Travel Services UK Limited
  • Travel Leaders Group LLC

Associated reports:
Luxury Travel Market –The size of the luxury travel market has the potential to grow to USD 1232.77 billion during 2021-2025, and the market growth momentum will slow to a CAGR of 25.70%. Download a free sample now!

Travel services market in IndiaThe market share of travel services in India is expected to increase by USD 11.11 billion from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 11.55%. Download a free sample now!

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Scope of the travel market

Cover of the report

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth dynamics and CAGR

Accelerate to a CAGR of 13.86%

Market growth 2022-2026

$ 451.19 billion

Market structure

Fragmented

Annual growth (%)

13.08

Regional analysis

APAC, Europe, North America, South America and MEA

Efficient contribution to the market

APAC at 41%

Main consumer countries

China, United States, Germany, Japan and United Kingdom

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

American Automobile Association Inc., BCD Travel Services BV, Booking Holdings Inc., Corporate Travel Management Ltd., CWT Global BV, Expedia Group Inc., Farreportal Inc, Flight Center Travel Group Ltd., GBT Travel Services UK Limited and Travel Leaders Groupe SARL

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

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