global travel agency market

Marketing to revenue ratio of leading online travel agencies (OTAs) worldwide from 2019 to 2022. Revenue of Booking Holdings worldwide 2007-2023. Revenue of Booking Holdings worldwide from 2007 to ...

Expert industry market research on the Global Travel Agency Services (2024-2029). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

Travel Agency Services Market Outlook. The market size for travel agency services was valued at US$ 455,023.4 million in 2023, and it is anticipated to grow at 10.90% annually to reach US$ 1,280,410.5 million by 2033.. The travel agency services market plays a vital role in the global travel and tourism industry, catering to the needs and preferences of travelers around the world.

The global travel agencies market size was USD 153540 million in 2021 and is projected to touch USD 698483.32 million by 2031, exhibiting a CAGR of 15.6% during the forecasting period. A company that facilitates trip preparation and booking is a travel agency. They may assist with booking travel and lodging as well as organising excursions and ...

Global Travel Agency Services Market Breakdown by Type (Independent Traveler, Package Traveler, Tour Group) by Booking Channel (Phone Booking, Online Booking, In Person Booking) by Tourist Type (Domestic, International) by Age Group (15 to 25 Years, 26 to 35 Years, 36 to 45 Years, 46 to 55 Years, 66 to 75 Years) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

What is the market size of the Global Travel Agency Services industry? IBISWorld's statistic shows that as of 2024 the market size of the Global Travel Agency Services industry is $295.7bn an increase of 2.29% from 2023.

Market Overview: The global travel agencies market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for leisure travel, rising disposable income, and growing tourism industry.

According to the report, the global traditional travel agency market size was valued at $143.9 billion in 2022, and is projected to reach $212.9 billion by 2032, growing at a CAGR of 3.7% from ...

Download the full report. Our 2024 travel outlook takes a closer look at five trends expected to shape the industry this year: Suppliers find ways to touch up the travel experience. High interest rates and elevated costs of some goods can make it difficult to update, let alone upgrade, hotels. And some of airlines' biggest challenges have ...

Whilst the economic outlook for 2023 improved as the year progressed, the prospects for growth in 2024 became more subdued. Economists have now settled on 1.9%, a modest slowdown on the 2.5% expected for 2023. Prospects for regions vary. In advanced economies, the full effects of policy tightening have yet to be felt.

The global online travel booking service market size was valued at USD 519.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.0% from 2022 to 2030. The market growth can be attributed to shifting consumer behavior, the growing influence of social media, increasing disposable income, and rising inclination toward adventure travel across the globe

1. People are surfing the travel surge. Across all major regions, bookings for air travel soared by double digits year-over-year during the first quarter of 2024, signaling a robust boost in travel for the upcoming months. Air bookings rose +14% in EMEA, +13% in APAC, and +10% in the Americas YoY. Source: Organic Criteo data.

The travel industry is experiencing a renaissance, and travel agencies are at the forefront! The travel agency services market size is projected to surge to a staggering USD 1,280,410.5 million by 2033, with a scorching 10.90% CAGR. This presents a golden opportunity for travel agency decision-makers to stake their claim. Here's why you should pack your bags for success: Travelers Crave ...

The online travel agent market size has grown steadily in recent years. It will grow from $865.5 billion in 2023 to $905.89 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The expansion witnessed in the historical period can be ascribed to an increase in disposable income, robust economic growth in emerging markets, rapid ...

The global luxury travel market size was estimated at USD 1.38 trillion in 2023 and is expected to grow at a CAGR of 7.9% from 2024 to 2030. Increasing spending by elite travelers to visit unexplored destinations and gain new experiences is driving the market growth. In addition, the rising trend of micro trips and the rapidly expanding tourism ...

The global online travel market size reached US$ 512.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,267.1 Billion by 2032, exhibiting a growth rate (CAGR) of 10.4% during 2024-2032. The escalating penetration of smart devices, easy access to high-speed internet connectivity, the rising popularity of solo ...

Online Travel Agency (OTA) Market Outlook 2032. The global online travel agency (OTA) market size was USD 305.23 Billion in 2023 and is likely to reach USD 534.35 Billion by 2032, expanding at a CAGR of 6.42% during 2024-2032. The market growth is attributed to the competitive pricing and ease of comparing various options on these platforms.

The online travel market size revenue was valued at $2,712.8 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 11.4 % over the forecast period. The surge in usage of travel applications is the primary driver for market, supported by the increasing adoption of mobile devices and enhanced network connectivity.

The Global Online Travel Market size was valued at USD 354.2 Bn in 2021. The market is projected to grow USD 1,835.6 Bn in 2030, at a CAGR of 14.8 %. Review sites and travel e-commerce sites make up the majority of the internet travel sector. ... The online travel agencies (OTAs) segment accounted largest market share for the global online ...

DUBAI, 9th May, 2024 (WAM) -- More than 46,000 industry professionals from over 160 countries - including 33,500 visitors - attended the 31st edition of Arabian Travel Market (ATM), which ...

Survey Methodology. Influencer Marketing Expected to be Worth $24 Billion by the End of 2024. Sizeable Increase in Content in Recent Years, Rate Increasing After Covid Lull. An Increasing Majority Have a Standalone Budget for Content Marketing. Nearly 2/3 of Respondents Felt the Impact Of 2023's Macroeconomic Woes.

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