Dublin, May 30, 2023 (GLOBE NEWSWIRE) -- The "Travel Arrangement And Reservation Services Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global travel arrangement and reservation services market grew from $327.93 billion in 2022 to $408.73 billion in 2023 at a compound annual growth rate (CAGR) of 24.6%. The travel arrangement and reservation services market is expected to grow to $613.45 billion in 2027 at a CAGR of 10.7%.
Travel agencies and tour operators are increasingly using chatbots to offer personalized travel bookings to customers. A chatbot is an artificial intelligence program that can simulate a conversation with customers through messages or telephone calls and perform tasks such as ticket bookings and hotel reservations.
Chatbots are an alternative to mobile applications and websites that provide personalized recommendations and bookings based on travel preferences and dates of travel. For instance, Booking.com allows travelers to book flights and hotels through chatbots on Skype, Facebook Messenger, and Slack. Other such chatbots include Dorothy, DoNotPay, Expedia, and Air New Zealand's Oscar.
Western Europe was the largest region in the travel arrangement and reservation services market in 2022. Asia-Pacific was the second-largest region in the travel arrangement and reservation services market. The regions covered in the travel arrangement and reservation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the travel arrangement and reservation services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
Executive Summary:
Travel Arrangement And Reservation Services Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on travel arrangement and reservation services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for travel arrangement and reservation services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The travel arrangement and reservation services market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Type: Travel Agencies; Tour Operators; Convention And Visitors Bureaus; Other Travel Arrangement And Reservation Services
2) By Mode of Travel: Domestic Travel; Foreign Travel
3) By Mode of Booking: Online; Online
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 300 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $408.73 billion |
| Forecasted Market Value (USD) by 2027 | $613.45 billion |
| Compound Annual Growth Rate | 10.7% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Travel Arrangement And Reservation Services Market Characteristics
4. Travel Arrangement And Reservation Services Market Product Analysis
5. Travel Arrangement And Reservation Services Market Supply Chain
6. Travel Arrangement And Reservation Services Market Customer Information
7. Travel Arrangement And Reservation Services Market Trends And Strategies
8. Travel Arrangement And Reservation Services Market - Macro Economic Scenario
9. Travel Arrangement And Reservation Services Market Size And Growth
10. Travel Arrangement And Reservation Services Market Regional Analysis
11. Travel Arrangement And Reservation Services Market Segmentation
12. Travel Arrangement And Reservation Services Market Metrics
13. Asia-Pacific Travel Arrangement And Reservation Services Market
14. Western Europe Travel Arrangement And Reservation Services Market
15. Eastern Europe Travel Arrangement And Reservation Services Market
16. North America Travel Arrangement And Reservation Services Market
17. South America Travel Arrangement And Reservation Services Market
18. Middle East Travel Arrangement And Reservation Services Market
19. Africa Travel Arrangement And Reservation Services Market
20. Travel Arrangement And Reservation Services Market Competitive Landscape
21. Key Mergers And Acquisitions In The Travel Arrangement And Reservation Services Market
22. Market Background: Commercial Services Market
23. Recommendations
24. Appendix
A selection of companies mentioned in this report includes
- BCD Travel
- Travel Leaders Group
- TUI Group
- Booking Holdings
- Expedia
- CWT
- Flight Centre Travel Group
- TUI Airways
- Tripadvisor Inc.
- Shanghai Jin Jiang International Hotels (Group) Company Limited.
For more information about this report visit https://www.researchandmarkets.com/r/94m5tk
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