Dublin, Oct. 13, 2023 (GLOBE NEWSWIRE) -- The "Global Travel Intermediaries Market 2023-2028 by Service Type, Mode of Transport, Mode of Booking, and Geography, Competitive Analysis, Impact of Covid-19 and Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Travel Intermediaries Market is estimated to be USD 892.14 Mn in 2023 and is expected to reach USD 1190.51 Mn by 2028, growing at a CAGR of 5.94%.
Travel Intermediaries are distribution agents who sell and/or broker travel and tourism-related products and services. They function as intermediaries between suppliers and consumers, purchasing and reselling tourism-related products and services such as package holidays, tickets, tours, housing, vehicle rental, and so on. A B2B tour operator, for example, can offer one-day trips to a travel agent, who then sells them to consumers.
Overall, the travel intermediaries market is evolving to meet the changing demands and preferences of modern travelers. While online booking platforms have disrupted the traditional role of intermediaries, there is still a place for intermediaries that can provide added value through personalized experiences, expert knowledge, and responsible travel options. As the travel industry continues to evolve, travel intermediaries will need to adapt and innovate to remain competitive in the market.
The Asia-Pacific region is experiencing significant growth in the travel intermediaries market due to the increasing number of travelers, rising disposable incomes, and the emergence of various online travel agencies and booking platforms.
One of the key trends in the travel intermediaries market is the shift towards sustainable and responsible tourism. Travelers are becoming more conscious of the environmental and social impact of their trips and are seeking travel intermediaries that offer eco-friendly and socially responsible travel options. This includes accommodations that prioritize sustainability, tours and activities that support local communities, and efforts to reduce the carbon footprint of travel.
Another important trend is the integration of technology and artificial intelligence (AI) into the services provided by travel intermediaries. This includes chatbots and virtual assistants that can provide instant customer support, personalized travel recommendations based on user preferences, and the use of data analytics to optimize travel itineraries and pricing.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Travel Intermediaries Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
- Excel data sheet for the market size will also be provided with the report.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
- The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
- The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 135 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $892.14 Million |
| Forecasted Market Value (USD) by 2028 | $1190.51 Million |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Growing Travel and Tourism Industry
- Growing Online Channel
Restraints
- Stringent Regulations
Opportunities
- Trend Shift from Online Travel Agencies to Mobile Travel Agency
Challenges
- Direct Booking of Travel
Companies Mentioned
- Airbnb, Inc.
- BCD Travel Services B.V.
- Booking Holdings Inc.
- Classic Journeys LLC
- Despegar.com, Inc .
- eDreams S.L.
- Expedia, Inc.
- Flight Centre Travel Group Ltd.
- G Adventures Inc.
- GetYourGuide
- Hays Travel Ltd.
- Intrepid Travel
- Jet2.com
- Makemytrip Pvt. Ltd.
- On the Beach Group plc
- Secret Escapes
- Seera Group Holding Co.
- The Global Work & Travel Co.
- Trip.com
- Tripadvisor LLC
- TUI Group
- Tuniu Corp.
- Vantage Deluxe World Travel
- Zicasso, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/st9i7f
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