According the report, Increased Number of Solo Travelers is one of the primary growth factors for the market. Increasing Accessibility and Trend of Traveling around the World
is also expected to contribute significantly to the Travel and Tourism market. Overall, Domestic
applications of Travel and Tourism, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Travel and Tourism market identified that the demand is rising in many different parts of the world as "Increasing number of Business Trips by Companies
". Furthermore, some recent industry insights like "In November 2020, Thomas Cook India launched the Virtual Holiday Store. The store intends to help customers with all their travel-related queries by just logging onto the website. Customers can connect over video chat with travel experts (from 0800 to 1200) who will help them with travel requirements, including domestic and international holidays, value-added services like travel insurance, end-to-end Covid-negative certification services, visa services, documentation, among others." is constantly making the industry dynamic.
The Travel Purpose, such as Business, is boosting the Travel and Tourism market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Booking Model , such as Online, is boosting the Travel and Tourism market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Booking Type , such as Travel Agencies, is boosting the Travel and Tourism market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Travel and Tourism market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Travel and Tourism market and other related sub-markets covered in the study.
o Key & emerging players in the Travel and Tourism market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Travel and Tourism market size is calculated using market estimation process, the Travel and Tourism market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Travel and Tourism market size has been validated using both top-down and bottom-up approaches.