Travelport GDS Systems Market Outlook (2023 to 2033)
As per the latest findings of Future Market Insights, global travelport GDS systems market revenue is expected to be US$ 921.4 Million by the end of 2023. In the long-term, the travelport GDS systems market is estimated to reach at around US$ 1,480.3 Million in 2033.
Attribute
Details
Travelport GDS Systems Market Estimated Size (2023 E)
US$ 921.4 Million
Travelport GDS Systems Market Projected Size (2033 F)
US$ 1,480.3 Million
Travelport GDS Systems Market Value CAGR (2023 to 2033)
4.9%
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2018 to 2022 Travelport GDS Systems Market Outlook Compared to 2023 to 2033 Forecast
As per the latest update by Future Market Insights, the Travelport GDS Systems Market is forecast to increase at a CAGR of 4.9% between 2023 and 2033.
Technology governs the present-day travel and tourism industry. Automation has a prospering future for the dynamic travel and tourism industry. Among travel and tourism, automation GDS is a prospering network system highly in demand by travel operators. A GDS system, or global distribution system, is a network that allows transactions to take place between travel industry service providers.
It manages travel portals for travel operators or agents and assists in activities such as ticket booking, rates, delivery inventory, discounts, rooms, descriptions and many other functionalities. Some companies come up with GDS systems for the travel domain; some of them listed are – Amadeus, Expedia, Hotwire, Kayak, Orbitz, Priceline, Sabre, Travelocity, Travelport.
The Travelport GDS is one of the three major global distribution system providers. The company is headquartered in the United Kingdom, but its roots can be traced back to 1971, when the Apollo GDS was founded in the United States. Indeed, Travelport now includes the Apollo, Worldspan, and Galileo GDS systems. Among these companies Global Distribution Systems or GDS are known by four types, they are Amadeus, Sabre, Travelport, and Abacus.
What is the Travelport GDS system?
Travelport GDS was originally designed to assist travel operators in booking flight tickets and it is now also used to distribute a wide range of travel-related products and services, including hotel rooms and hotel products. As the travel operators use it hence it is in the B2B market and not meant for B2C or end users.
It gives all kind of information required to agents for answering customer queries as well as helps in managing their database while making ticket bookings.
Travelport was formed in 2006. Travel data of the tourism industry redefines the data in distribution systems connecting the core features of airlines and the subsidiary products. The organization is also known for strengthening the track to meet the rising need of the travel business which includes railways, hotels, tour operators, cruise and car rentals.
GDS Travelport provides services to more than 170 countries across the globe. North, Latin America, Western Europe, the Middle East and Asia-based tourism management companies and many travel operators use this technology abundantly to benefit themselves from services such as handling customer portals (including contact details, product specials, latest news or detailed support information), ticket booking, new product advisory, price analysis and much more.
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What are the Key Trends Boosting the Travelport GDS Systems Market?
The control of technology over the travel and tourism industry has created a tremendous opportunity for the growth of the GDS Travelport system. It is now becoming a trend and most of the travel agents prefer using these GDS systems to manage bookings
The Travel Industry's Ability to Distribute its Products to Travel Agencies All Over the World is Boosting this Market
One of the primary advantages of Travelport GDS is the ability of hotel owners and others in the travel industry to distribute their products to travel agencies worldwide. Therefore, Travelport benefits from global distribution because it is less reliant on its home market than its two main competitors, namely Amadeus and Sabre GDS.
While the Amadeus GDS is particularly strong in Europe, and Sabre in North America, Travelport's strength is more equitably spread across continents. This is advantageous because it opens doors to some of the world's most powerful travel markets, including North America, Europe, and Asia.
GDS Travelport not only Supports Insiders in Managing their Work and Booking Tickets, but it also Helps them Strategize Future Market Approaches
GDS Travelport has influenced many private and government parties to invest in developing travel-related tools that can switch the revenue channels. Many travel agencies or travel management companies prefer Travelport for booking flights because, doing this will benefit them more with many facilities as GDS Travelport can offer travel fares and prices on behalf of airlines as per ATA's industry standard; this is because GDS Travelport is the first GDS that is labelled as NDC certified.
GDS Travelport also helps airlines merchandise their offering and brand schemes to Travelport using travel operators as well as travel management companies globally, in which more than 200 airlines are already practicing this technology. Using Travelport Universal API, online travel agencies can also avail the information directly.
What are the Factors Hampering the Travelport GDS Systems Market?
Facing Intense Competition from Other GDS based Networking System Companies
Until recently, Travelport GDS – which consists of the Galileo and Worldspan software platforms – and Amadeus were the primary competitors in the battle to win the support of the region’s travel trade for their global distribution systems (GDS). However, Sabre Travel Network Middle East (STNME), another GDS provider, has gradually expanded its product offerings and has emerged as a serious market competitor.
Travel agents now have a variety of GDS options to choose from, as each player offers a range of services and claims to produce solutions for the key problems that agents face, such as bringing the necessary advancements in technology and internet, commission cuts, etc.
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Category-wise Insights
In Which Region is the Travelport GDS Most Popular?
Galileo Software Currently the Most Popular in Middle East
According to Aritit Munshi, Travelport's regional manager for the Gulf, Levant, Egypt, Pakistan, and Sri Lanka, the Galileo software platform provided by Travelport GDS is currently the most popular among Middle East travel agents, with a 55% market share in the region.
Which booking channel do tourists in the market place prefer?
Online Booking Channels lead the Booking Channel Segmentation
Tourism has grown in popularity as a result of the simplicity with which it can be booked and made available through online platforms. Online booking is now more popular with all those to avoid hassle, stressful, expense process of booking with a GDS in person. In online booking payments are also fast and easily done for the travel agencies since it provides for a straightforward, hassle-free digital payment transfer, as well as live tracking and improved security. Furthermore, agencies may use the internet to search for and compare information on making online booking a more popular approach around the world.
Competitive Landscape
This industry is becoming more competitive by the day, and global distribution systems all over the world are competing in the region's travel industry by helping the travel agents become more profitable. This is accomplished by providing cutting-edge technology, innovative services, bookable travel products, and distribution services.
Travelport collaborates with 450 airlines and 84,500 hotels, including 265 hotel chains, and provides several unique tools, including a corporate booking tool that does not eliminate the need for an agent and the planned merger of Galileo's fares and shopping capabilities.
Scope of Report
Attribute
Details
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
USD Million for Value
Key Regions Covered
North America
Latin America
Asia Pacific
MEA
Europe
Key Segments Covered
Age
Visit Purpose
Consumer Orientation
Tour Type
Tourism Type
Application
Report Coverage
Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives, Spending,
Customization & Pricing
Available upon Request
Travelport GDS Systems Market by Category
By Age:
Under 15
16-25
26-35
36-45
46-55
Over 55
By Visit Purpose:
Business Travel
Leisure Travel
Education-Employment-Pilgrimage
Visiting Friends & Relatives
By Consumer Orientation:
Individual
Couples
Families
Group
By Tour Type:
Individual travel
Professional Groups
Group travels
By Tourism Type:
Domestic
International
By Application:
Flights
Hotels
Car rentals
Cruises and Ferries
Railways
Frequently Asked Questions
What is Current Travelport GDS Systems Market Valuation?
The market is estimated to secure a valuation of US$ 921.4 million in 2023.
What is the Projected Size of the Travelport GDS Systems Market by 2033?
The global market size to reach US$ 1,480.3 million by 2033.
What is the Growth Potential of the Travelport GDS Systems Market?
The growth potential of the travelport GDS systems market is 4.9% through 2033.
Which Region Has High Penetration of Travelport GDS Systems?
The Middle East has a high penetration of travelport GDS systems.
Which is the Go-to Market Strategy?
Players are opting for mergers and acquisitions.
Table of Content
1. Executive Summary | Travelport GDS Systems Market
1.1. Market Outlook
1.1.1. Who Is Travelling?
1.1.2. Travel Gross Bookings
1.1.3. Travel Gross Revenue
1.1.4. How Much Do They Spend?
1.2. Evolution Analysis
1.3. FMI Analysis and Recommendations
2. Growth Parameters in
2.1. Rise in Adoption of GDS in Hotel Industry
2.2. Amalgamation within Travel Industry
2.3. Rising Demand for Travel Agents
2.4. Cloud based platforms boost efficiency and scalability for GDS Companies
2.5. Online Booking Channel Rise the Market
3. Number of Bookings, 2022
3.1. By Age
3.1.1. Under 15
3.1.2. 16-25
3.1.3. 26-35
3.1.4. 36-45
3.1.5. 46-55
3.1.6. Over 55
3.2. By Visit Purpose
3.2.1. Business Travel
3.2.2. Leisure Travel
3.2.3. Education-Employment-Pilgrimage
3.2.4. Visiting Friends & Relatives
3.3. By Consumer Orientation
3.3.1. Individual
3.3.2. Couples
3.3.3. Families
3.3.4. Group
3.4. By Tour Type
3.4.1. Individual travel
3.4.2. Professional Groups
3.4.3. Group travels
3.5. By Tourism Type
3.5.1. Domestic
3.5.2. International
3.6. By Application
3.6.1. Flights
3.6.2. Hotels
3.6.3. Car rentals
3.6.4. Cruises and Ferries
3.6.5. Railways
4. Gross Revenue
4.1. Gross Revenue (US$ Million) and Forecast (2023 to 2033)
4.2. Number of Bookings (Million) and Forecast (2023 to 2033)
4.3. Total Spending Y-o-Y Growth Projections (2023 to 2033)
4.4. Number of Tourists Y-o-Y Growth Projections
5. Challenges & Looking Forward
5.1. Success Stories: Case Studies
5.2. FMI Recommendations
6. Social Media Sentimental Analysis
6.1. Travel Influencers: A New Phenomenon in the world of Tourism
6.2. Social Media Platforms Preferred
6.3. Trending #Hashtags
6.4. Social Media Platform Mentions (% of Total Mentions)
6.5. Trending Subject Titles
7. Assumptions and Acronyms Used8. Research Methodology
List of Tables
Table 01: Capital Investment in Tourism (US$ Million)
Table 02: Total Tourist Arrivals (Million), 2022
Table 03: Total Spending (US$ Million) and Forecast (2018 to 2033)
Table 04: Number of Tourists (Million) and Forecast (2018 to 2033)
Table 05: Spending Per Traveler (US$ Million) and Forecast (2018 to 2033)
List of Charts
Figure 01: Total Spending (US$ Million) and Forecast (2023 to 2033)
Figure 02: Total Spending Y-o-Y Growth Projections (2018 to 2033)
Figure 03: Number of Tourists (Million) and Forecast (2023 to 2033)
Figure 04: Number of Tourists Y-o-Y Growth Projections (2018 to 2033)
Figure 05: Spending per Traveler (US$ Million) and Forecast (2023 to 2033)
Figure 06: Spending per Traveler Y-o-Y Growth Projections (2018 to 2033)
Figure 07: Current Market Analysis (% of demand), By Age, 2022
Figure 08: Current Market Analysis (% of demand), By Visit Purpose, 2022
Figure 09: Current Market Analysis (% of demand), By Consumer Orientation, 2022
Figure 10: Current Market Analysis (% of demand), By Tour Type, 2022
Figure 11: Current Market Analysis (% of demand), By Tourism Type, 2022
Figure 12: Current Market Analysis (% of demand), By Application, 2022
