Global Travel Arrangement and Reservation Services Market Report 2022
The leading companies in the travel arrangement and booking services market are BCD Travel, Travel Leaders Group, TUI Group, Booking Holdings, Expedia, CWT, Flight Center Travel Group, TUI Airways, Tripadvisor, Inc.
New York, 15 Feb. 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Travel Arrangement And Reservation Services Global Market Report 2022″ – https://www.reportlinker.com/p06229752/?utm_source=GNW
and Shanghai Jin Jiang International Hotels (Group) Company Limited.
The global travel arrangement and reservation services market is expected to grow from $266.34 billion in 2021 to $321.88 billion in 2022 at a compound annual growth rate (CAGR) of 20.9%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $630.38 billion in 2026 with a CAGR of 18.3%.
The travel arrangement and reservation services market includes sales of travel arrangement and reservation services and related goods by entities (organizations, sole proprietorships and partnerships) that provide travel agency services, arrange and assemble tours or provide other travel arrangement and reservation services.
The main types of travel arrangement and reservation services are travel agencies, tour operators, convention and visitor bureaus, other travel arrangement and reservation services. A travel agency is a business that sells and arranges transport, accommodation, tours and itineraries for tourists.
The different modes of travel include domestic travel, overseas travel, and provide different booking modes such as online and offline.
Travel agencies and tour operators are increasingly using chatbots to provide personalized travel bookings to customers. A chatbot is an artificial intelligence program that can simulate a conversation with customers through messages or phone calls and perform tasks such as booking tickets and booking hotels.
Chatbots are an alternative to mobile apps and websites that provide personalized recommendations and bookings based on travel preferences and travel date. For example, Booking.com allows travelers to book flights and hotels via chatbots on Skype, Facebook Messenger and Slack. Dorothy, DoNotPay, Expedia and Air New Zealand’s Oscar are other such chatbots.
Western Europe was the largest region in the travel arrangement and reservation services market in 2021. Asia-Pacific was the second largest region in the travel arrangement and reservation services market.
Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered by 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, United Arab Emirates, United Kingdom, United States, Venezuela and Vietnam.
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