The study covers a detailed analysis segmented by key business segments i.e. by type (International and Domestic Airline Bookings, Tour and Packaged Travel Bookings, Accommodation Bookings, Cruise Bookings, Car Rental and Others) , by application (Group Travel and Personal travel) and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Travel Agencies market throughout the predicted period.
What is Travel Agencies ?
Travel agencies provide travel and tourism related services through various modes of transportation. These agencies offer complete tour packages as well to meet the customer’s need. Changing and fast pace lifestyles have made people availing the services on the go which have generated huge online traffic of travelers.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Travel Agencies market analysis report suggests strategies Manufacturers can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, including:
- Asia World Enterprise [Thailand]
- Carlson Wagonlit Travel [United States]
- Central America Travel Services [United States]
- Regency Travel & Tours [Qatar]
- Adelman Travel Group [United States]
- AdTrav Travel Management [United States]
- Atlas Travel International [United States]
- Balboa Travel Management [United States]
- Cain Travel [United States]
- Expedia [United States]
- Frosch International Travel [United States]
- Global Crew Logistics [United States]
- Kintetsu International Express [Japan]
- Montrose Travel [United States]
- Omega World Travel [United States]
- Ovation Travel Group [United States]
- Thomas Cook [India]
Market Overview:
November 2018 - : Vision Travel, a Direct Travel Company intended to acquire UNIGLOBE One Travel, based in Vancouver, British Columbia.
Market Trend
People Inclination Towards Online Services and Integration of Services
Restraints
- Unsatisfactory Quality of Services
- Inability to Provide Cost-effective Services
Opportunities
Rising Disposable Income and Favorable Government Initiatives to Promote Tourism
Key highlights of the Global Travel Agencies market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Travel Agencies market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Travel Agencies market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Travel Agencies Manufacturers
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Travel Agencies market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Travel Agencies market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Travel Agencies, Potential Investors, Government Organizations and Research Institutes.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.