Global Tour Operator Software Market Overview:
Tour operator software is a program that enables the user to manage crucial tour activities online such as reservations, appointments, bookings, and meetings online. Tourism companies, which organize guided tours use tour operator software to manage customer information, tour information, and back-office activities. This type of software helps tour operators keep track of organizational aspects of tours such as scheduling, itinerary, meals, and more. Additionally, it tracks tourists and attendance, as well as employee tasks and activities. Advanced solutions offer map display and mileage calculator features as well. Tour operators are able to leverage this type of software to manage costs, expenses, and revenues. Some tour software allows clients to manage their bookings and make their payments online.
Growth Drivers
- The Rapidly Growing Tourism Industry Globally
- The Increasing Number of Travelers Worldwide
- Growing Internet Penetration is Likely to Boost the Market Growth
- The Rising Demand for Automation among the Tour Operators
Roadblocks
- Security Threats May Pose Major Challenge for the Market
Opportunities
- The Emerging Demand from Asia Pacific Region
Competitive Landscape:
The market is highly lucrative, therefore, several new players are expected to enter within the market. However, several established players are adopting some organic and inorganic strategies such as a merger, acquisitions, partnerships, among others in order to gain leading share within the market. Some of the leading players are focussing on the addition of new features to the software in order to increase efficiency and ease operations.
Some of the key players profiled in the report are Travelpro (United States), Xola (United States), Travefy (United States), Trawex Technologies Pvt. Ltd. (United States), TRYTN (United States), My Tours (New Zealand), GP Solutions GmbH (Germany), Rezdy (Australia), Tourplan (New Zealand), PEAK 15 (United States), TrekkSoft (Switzerland) and Checkfront (United States). Additionally, following companies can also be profiled that are part of our coverage like Dolphin (United Kingdom), Amadeus Agenta (United States), Vocation Labs (India), Lemax Ltd (Croatia), iTourOperatorSoftware (India), Tourwriter (United States), Provab Technosoft Pvt. Ltd (United States) and TravelCarma (India). Analyst at AMA Research see United States Players to retain maximum share of Global Tour Operator Software market by 2027. Considering Market by Organization Size, the sub-segment i.e. Large Organization will boost the Tour Operator Software market. Considering Market by Platform, the sub-segment i.e. Windows will boost the Tour Operator Software market. Considering Market by Pricing, the sub-segment i.e. Monthly Subscription will boost the Tour Operator Software market.
On 24 Sept 2018, Xola, a leading online booking platform, announced a first for the travel industry's tour and activity operator market with the launch of the Xola App Store. The Xola App Store currently offers more than 40 applications, providing extended features to businesses of all sizes and customization to address complex, enterprise-level needs. Apps span categories that include automated marketing, customer management, operations, yield management, business intelligence, third-party integrations, custom applications, and real-time distribution on leading consumer marketplaces like TripAdvisor and Expedia.
What Can be Explored with the Tour Operator Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Tour Operator Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Tour Operator Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Tour Operator Software 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 Tour Operator Software 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 Tour Operator Software Providers, Tours & Travels Associations, Potential Investors, Regulatory & Government Bodies, Downstream Upstream Vendors, End Users and Others.
This helps us to gather the data related to 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, USPTO, EPO, Annual reports, press releases etc.