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Travel Agency Services Market

Rising International & Domestic Travel is augmenting the need for availing Travel Agency Services to facilitate a seamless experience.

Travel Agency Services Market by Services Provided, Booking Channel, Consumer Orientation, Tourist Type, Tour Type, Age Group & Region - Forecast 2022 - 2032

Travel Agency Services Outlook (2022-2032)

[311 Pages Report] As per newly released data by Future Market Insights (FMI), the Global travel agency services Overview is estimated at US$ 407.7 Bn in 2022 and is projected to reach US$ 510.0 Bn by 2032, at a CAGR of 11.5% from 2022 to 2032. Share of Global travel agency services in its parent market (Tourism market) is approximately ~9%-15%.

Attribute

Details

Global travel agency services Estimated Size (2022)

US$ 407.7 Bn

Global travel agency services Projected Size (2032)

US$ 510.0 Bn

Global travel agency services Value-based CAGR (2022-2032)

11.5 %

Global travel agency services Top players market share

~9%-15%

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2017-2022 Global Travel Agency Services Outlook Compared to 2022-2032 Forecast:

The global travel agency services are expected to boost due to the fact that everyone wants to take a holiday/ explore and relax after the covid-19 pandemic and the exhausting lockdown.

The worldwide travel agency is a company that serves as a bridge between the traveller and the tourist sector. The travel agency advertises the pre-packaged vacations and tours to prospective clients. The travel agency can act as a middleman between the hotels, restaurants, vehicle and bus rental businesses, tour operators, and other service providers. The travel agency may be a modestly sized, privately held business or it may be a component of a bigger organisation.

Why is the Global Travel Agency Services Market doing so well in recent years?

Because more business and general clientele throughout the world are making reservations for pre-planned trips and lodging, the need for travel agency services globally has increased significantly. The vendors used by the international travel agency service providers are well-established.

Some of the major causes influencing the expansion of the global travel agency services market are the rise in business and leisure travel throughout the world, the increase in disposable income, economic growth, and technological advancement.

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How is digital marketing helping to grow the Global Travel Agency Services market?

Additionally, crucial to the commercialization of the travel agency services sector is internet marketing. Through advertising and social media, the travel companies have begun more sophisticated branding of a variety of alluring and opulent services. Reviews, blogs, and the growing use of social media are all having a big impact on people's decisions to travel.

The online brand image of the services offered by travel agencies is their main emphasis. As the internet is the most significant information source for international travellers, they are also attempting to persuade travellers from across the world by providing interesting information and opinions on online media.

Due to growing usage of smartphone and tablet applications and technical improvements, the online travel agency is anticipated to expand. By offering online application-based services, travel agency service providers want to reduce the need for middlemen like travel agents and boost their profit margins.

Region wise- Insight

How are the Global travel agency services doing in the North America countries?

“The North American countries have contributed the most to the Global travel agency services”

The North American countries have contributed 29% to the Global travel agency services in the year 2022.Travel agency websites in these areas provide one with various features like “book now” which will take one directly to the booking site. Places tourists wish to visit they can put in the “wish list”. Cancellation fees are not applicable. All these features have helped the Global travel agency services in the North American countries to gain more customers.

How are the Global travel agency services faring in the European countries?

“Social media is helping the Global travel agency services in the European countries to do well”

After the North American countries, the European countries are doing the best. The European countries have contributed in total 23% in the year 2022. Focusing on the tourist industry is one of the main foundations for inclusive growth and the creation of new jobs in Europe. In recent years, social media platforms have become a significant marketing tool for travel agencies. Because so many people use social media, it is simple to follow their preferences and interests, which enables travel agencies to focus on customers who are likely to choose travel experiences and who can afford trip packages. These elements provide travel agencies with a very thorough understanding of client preferences and behaviour.

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Category-wise Insights

What service type provided by Global travel agency services is more popular?

“The full- service global travel service is the most preferred”

Global travel agency services provide various service like: Full-service global travel arrangements, Flights, Hotels, Additional travel services, Car hire and Others. The most popular among these services is the full-service global travel arrangements. This is because this service includes stay arrangements, travel arrangements, food arrangements etc. Basically it is a combination of all packages. Since, it is a combination of all services, there are various discounts and offers that come with it. Hence, tourists/ customers find it very appealing.

What Type of Booking Channel is the Most Prominent Channel through Forecast Period?

“The most prominent channel through the forecast period is the online booking channel”

Bookings for global travel agency services can be done using various different channels: Phone Booking, Online Booking and in Person Booking. But among these the most prominent booking channel is the online booking channel. This is due to the increase in the digital presence of the agency which provide these services. Also through the online booking channel one can avail discounts, offers etc. The digitalization of the market increased after the covid-19 pandemic impacted the world. In person booking was considered risky and phone bookings had decreased.

Which age group avails the global travel agency services?

“26-35 years love to use the global travel agency services”

The age group of 26-35 years are the ones who greatly avail the global travel agency services. This group is part of the millennial generation and loves to spend money on things that can help them gain more experience. This age group has the urge to learn more through travelling around the world. Travelling around the world helps them learn about the cuisine, culture, travelling modes etc. of a particular place/ region/ state etc.

Competitive Landscape

Global travel agencies around the world are competing to gain more tourists. They are attracting customers using their websites, social media platforms like Instagram, YouTube etc. Also they are providing exciting offers, discounts to their customers and also providing loyalty points to their loyal customers.

Scope of Report                         

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

US$ Million for Value

Key Region Covered

North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA

Key Countries Covered

U.S. , Canada, Mexico, Brazil, Peru, Chile, Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Poland, Russia, Luxembourg, India, Thailand, Indonesia, Malaysia ,China, Japan ,South Korea, Australia ,New Zealand, GCC, Southern Africa, and North Africa

Key Segments Covered

Type, End user, Service type , Tourist Type, Booking channel

Key Companies Profiled

  • Cox and Kings
  • Thomas Cook
  • SOTC
  • Kesari Tours
  •  Club Mahindra Holidays
  • Expedia
  • Yatra
  • Goibibo
  • MakeMyTrip
  • Travelguru
  • Others

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

The Global Travel Agency Services by Category

By Services Provided:

  • Full-service global travel arrangements
  • Flights
  • Hotels
  • Additional travel services
  • Car hire
  • Others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Tour Type:

  • Independent Traveler
  • Package Traveler
  • Tour Group

By Consumer Orientation:

  • Men
  • Women

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

Frequently Asked Questions

The Global travel agency services Overview is expected to reach a valuation of US$ 407.7 Bn in 2022.

One of the main key trend driving the Global travel agency services markets is the digital presence of the market, financial stability of the market etc.

Leading players operating in the Global travel agency services Overview are Cox and Kings, Thomas Cook, SOTC, Kesari Tours, Club Mahindra Holidays and Expedia among others.

Leading players in the Global travel agency services market are estimated to account for approximately 9%-12% of the total market share.

Table of Content

1. Executive Summary

    1.1. Global Intrabound Medical Tourism Market Outlook

        1.1.1. What are Global travel agency services?

        1.1.2. How Much Do They Spend?

        1.1.3. Direct Contribution of Global travel agency services to GDP

        1.1.4. Direct Contribution of Global travel agency services to Employment

    1.2. Global Intrabound Medical Tourism Evolution Analysis

    1.3. FMI Analysis and Recommendations

2. Market Introduction

    2.1. Total Spending (US$ Mn) and Forecast (2022-2032)

    2.2. Number of Global travel agency services Tourists (Mn) and Forecast (2022-2032)

    2.3. Total Spending Y-o-Y Growth Projections (2022-2032)

    2.4. Number of Global travel agency services Tourists Y-o-Y Growth Projections

3. Global travel agency services Industry Analysis

    3.1. Global travel agency services Industry Overview

        3.1.1. Global travel agency services Industry Contribution to Global GDP

            3.1.1.1. Business Spending v/s Leisure Spending

            3.1.1.2. Domestic v/s Foreign

            3.1.1.3. Direct, Indirect, and Induced

        3.1.2. Global travel agency services Sector Contribution to Global Overall Employment

        3.1.3. Global travel agency services Growth Rate

        3.1.4. Foreign Visitor Exports As Percentage of Total Exports

        3.1.5. Capital Investment in Global travel agency services Industry

        3.1.6. Different Components of Global travel agency services

        3.1.7. Global travel agency services Industry Outlook

4. Global travel agency services Dynamics

    4.1. Market Drivers & Opportunities

        4.1.1. Why is the Global travel agency services market doing so well in recent years?

        4.1.2. How is digital marketing helping to grow the Global travel agency services market?

        4.1.3. Others (during course study)

5. Market Background

    5.1. Top 10 Global Intrabound Medical Tourism Companies

    5.2. Macro-Economic Factors

        5.2.1. Global GDP Growth Outlook

        5.2.2. Global Industry Value Added

        5.2.3. Global Consumer Spending Outlook

        5.2.4. Global Direct contribution of Global travel agency services to GDP

        5.2.5. Global Visitor Exports and International Tourist Arrivals

        5.2.6. Capital Investment in Global travel agency services

        5.2.7. Top Global travel agency services Spending Countries

    5.3. Forecast Factors - Relevance & Impact

6. Categorizing of Global travel agency services 22021

    6.1. Introduction/ Key Findings

    6.2. Current Market Analysis by Treatment Type (% of Demand)

        6.2.1. Dental Treatment

        6.2.2. Cosmetic Treatment

        6.2.3. Cardiovascular Treatment

        6.2.4. Orthopaedic Treatment

        6.2.5. Neurological Treatment

        6.2.6. Cancer Treatment

        6.2.7. Fertility Treatment

        6.2.8. Others

    6.3. Current Market Analysis by Tour Type

        6.3.1. Wellness Services

        6.3.2. Therapeutic Services

    6.4. Current Market Analysis by Booking Channel (% of Demand)

        6.4.1. Phone Booking

        6.4.2. Online Booking

        6.4.3. In Person Booking

    6.5. Current Market Analysis by Tourist Type (% of Demand)

        6.5.1. Domestic

        6.5.2. International

    6.6. Current Market Analysis by Tour type (% of Demand)

        6.6.1. Independent Traveler

        6.6.2. Package Traveler

        6.6.3. Tour Group

    6.7. Current Market Analysis by Customer orientation (% of Demand)

        6.7.1. Male

        6.7.2. Female

    6.8. Current Market Analysis by Region (% of Demand)

        6.8.1. North America

        6.8.2. Latin America

        6.8.3. Europe

        6.8.4. East Asia

        6.8.5. South Asia

        6.8.6. Oceania

        6.8.7. MEA

    6.9. Key Findings, By Each Category

7. Categorizing of North America Global travel agency services 2021

    7.1. Introduction/ Key Findings

    7.2. Current Market Analysis by Services provided (% of Demand)

        7.2.1. Full-service global travel arrangements

        7.2.2. Flights

        7.2.3. Hotels

        7.2.4. Additional travel services

        7.2.5. Car hire

        7.2.6. Others

    7.3. Current Market Analysis by Booking Channel (% of Demand)

        7.3.1. Phone Booking

        7.3.2. Online Booking

        7.3.3. In Person Booking

    7.4. Current Market Analysis By Tourist Type (% of Demand)

        7.4.1. Domestic

        7.4.2. International

    7.5. Current Market Analysis by Tour type (% of Demand)

        7.5.1. Independent Traveler

        7.5.2. Package Traveler

        7.5.3. Tour Group

    7.6. Current Market Analysis by Customer orientation (% of Demand)

        7.6.1. Men

        7.6.2. Women

    7.7. Current Market Analysis by Country (% of Demand)

        7.7.1. US

        7.7.2. Canada

    7.8. Key Findings, By Each Category

8. Categorizing of Latin America Global travel agency services 2021

    8.1. Introduction/ Key Findings

    8.2. Current Market Analysis by Services provided (% of Demand)

        8.2.1. Full-service global travel arrangements

        8.2.2. Flights

        8.2.3. Hotels

        8.2.4. Additional travel services

        8.2.5. Car hire

        8.2.6. Others

    8.3. Current Market Analysis by Booking Channel (% of Demand)

        8.3.1. Phone Booking

        8.3.2. Online Booking

        8.3.3. In Person Booking

    8.4. Current Market Analysis By Tourist Type (% of Demand)

        8.4.1. Domestic

        8.4.2. International

    8.5. Current Market Analysis by Tour type (% of Demand)

        8.5.1. Independent Traveler

        8.5.2. Package Traveler

        8.5.3. Tour Group

    8.6. Current Market Analysis by Customer orientation (% of Demand)

        8.6.1. Men

        8.6.2. Women

    8.7. Current Market Analysis by Country (% of Demand)

        8.7.1. Brazil

        8.7.2. Mexico

        8.7.3. Argentina

        8.7.4. Colombia

        8.7.5. Rest of LA

    8.8. Key Findings, By Each Category

9. Categorizing of Europe Global travel agency services 2021

    9.1. Introduction/ Key Findings

    9.2. Current Market Analysis by Services provided (% of Demand)

        9.2.1. Full-service global travel arrangements

        9.2.2. Flights

        9.2.3. Hotels

        9.2.4. Additional travel services

        9.2.5. Car hire

        9.2.6. Others

    9.3. Current Market Analysis by Booking Channel (% of Demand)

        9.3.1. Phone Booking

        9.3.2. Online Booking

        9.3.3. In Person Booking

    9.4. Current Market Analysis By Tourist Type (% of Demand)

        9.4.1. Domestic

        9.4.2. International

    9.5. Current Market Analysis by Tour type (% of Demand)

        9.5.1. Independent Traveler

        9.5.2. Package Traveler

        9.5.3. Tour Group

    9.6. Current Market Analysis by Customer orientation (% of Demand)

        9.6.1. Men

        9.6.2. Women

    9.7. Current Market Analysis by Country (% of Demand)

        9.7.1. Germany

        9.7.2. Russia

        9.7.3. France

        9.7.4. Italy

        9.7.5. UK

        9.7.6. Rest of Europe

    9.8. Key Findings, By Each Category

10. Categorizing of East Asia Global travel agency services 2021

    10.1. Introduction/ Key Findings

    10.2. Current Market Analysis by Services provided (% of Demand)

        10.2.1. Full-service global travel arrangements

        10.2.2. Flights

        10.2.3. Hotels

        10.2.4. Additional travel services

        10.2.5. Car hire

        10.2.6. Others

    10.3. Current Market Analysis by Booking Channel (% of Demand)

        10.3.1. Phone Booking

        10.3.2. Online Booking

        10.3.3. In Person Booking

    10.4. Current Market Analysis By Tourist Type (% of Demand)

        10.4.1. Domestic

        10.4.2. International

    10.5. Current Market Analysis by Tour type (% of Demand)

        10.5.1. Independent Traveler

        10.5.2. Package Traveler

        10.5.3. Tour Group

    10.6. Current Market Analysis by Customer orientation (% of Demand)

        10.6.1. Men

        10.6.2. Women

    10.7. Current Market Analysis by Country (% of Demand)

        10.7.1. China

        10.7.2. Japan

        10.7.3. South Korea

    10.8. Key Findings, By Each Category

11. Categorizing of South Asia Global travel agency services 2021

    11.1. Introduction/ Key Findings

    11.2. Current Market Analysis by Services provided (% of Demand)

        11.2.1. Full-service global travel arrangements

        11.2.2. Flights

        11.2.3. Hotels

        11.2.4. Additional travel services

        11.2.5. Car hire

        11.2.6. Others

    11.3. Current Market Analysis by Booking Channel (% of Demand)

        11.3.1. Phone Booking

        11.3.2. Online Booking

        11.3.3. In Person Booking

    11.4. Current Market Analysis By Tourist Type (% of Demand)

        11.4.1. Domestic

        11.4.2. International

    11.5. Current Market Analysis by Tour type (% of Demand)

        11.5.1. Independent Traveler

        11.5.2. Package Traveler

        11.5.3. Tour Group

    11.6. Current Market Analysis by Customer orientation (% of Demand)

        11.6.1. Men

        11.6.2. Women

    11.7. Current Market Analysis by Country (% of Demand)

        11.7.1. India

        11.7.2. Malaysia

        11.7.3. Indonesia

        11.7.4. Thailand

        11.7.5. Philippines

        11.7.6. Cambodia

        11.7.7. Vietnam

        11.7.8. Rest of SA

    11.8. Key Findings, By Each Category

12. Categorizing of Oceania Global travel agency services 2021

    12.1. Introduction/ Key Findings

    12.2. Current Market Analysis by Services provided (% of Demand)

        12.2.1. Full-service global travel arrangements

        12.2.2. Flights

        12.2.3. Hotels

        12.2.4. Additional travel services

        12.2.5. Car hire

        12.2.6. Others

    12.3. Current Market Analysis by Booking Channel (% of Demand)

        12.3.1. Phone Booking

        12.3.2. Online Booking

        12.3.3. In Person Booking

    12.4. Current Market Analysis By Tourist Type (% of Demand)

        12.4.1. Domestic

        12.4.2. International

    12.5. Current Market Analysis by Tour type (% of Demand)

        12.5.1. Independent Traveler

        12.5.2. Package Traveler

        12.5.3. Tour Group

    12.6. Current Market Analysis by Customer orientation (% of Demand)

        12.6.1. Men

        12.6.2. Women

    12.7. Current Market Analysis by Country (% of Demand)

        12.7.1. Australia

        12.7.2. New Zealand

    12.8. Key Findings, By Each Category

13. Categorizing of Middle East and Africa Global travel agency services 2021

    13.1. Introduction/ Key Findings

    13.2. Current Market Analysis by Services provided (% of Demand)

        13.2.1. Full-service global travel arrangements

        13.2.2. Flights

        13.2.3. Hotels

        13.2.4. Additional travel services

        13.2.5. Car hire

        13.2.6. Others

    13.3. Current Market Analysis by Booking Channel (% of Demand)

        13.3.1. Phone Booking

        13.3.2. Online Booking

        13.3.3. In Person Booking

    13.4. Current Market Analysis By Tourist Type (% of Demand)

        13.4.1. Domestic

        13.4.2. International

    13.5. Current Market Analysis by Service type (% of Demand)

        13.5.1. Independent Traveler

        13.5.2. Package Traveler

        13.5.3. Tour Group

    13.6. Current Market Analysis by Customer orientation (% of Demand)

        13.6.1. Men

        13.6.2. Women

    13.7. Current Market Analysis by Country (% of Demand)

        13.7.1. Turkey

        13.7.2. South Africa

        13.7.3. UAE

        13.7.4. Egypt

        13.7.5. Jordan

        13.7.6. Rest of MEA

    13.8. Key Findings, By Each Category

14. Competition Analysis

    14.1. Competition Dashboard

    14.2. Competition Benchmarking

    14.3. Competition Deep Dive

        14.3.1. Cox and Kings

            14.3.1.1. Overview

            14.3.1.2. Service Portfolio

            14.3.1.3. Strategy Overview/campaigns

        14.3.2. Thomas Cook

            14.3.2.1. Overview

            14.3.2.2. Service Portfolio

            14.3.2.3. Strategy Overview/campaigns

        14.3.3. SOTC

            14.3.3.1. Overview

            14.3.3.2. Service Portfolio

            14.3.3.3. Strategy Overview/campaigns

        14.3.4. Kesari Tours

            14.3.4.1. Overview

            14.3.4.2. Service Portfolio

            14.3.4.3. Strategy Overview/campaigns

        14.3.5.  Club Mahindra Holidays

            14.3.5.1. Overview

            14.3.5.2. Service Portfolio

            14.3.5.3. Strategy Overview/campaigns

        14.3.6. Expedia

            14.3.6.1. Overview

            14.3.6.2. Service Portfolio

            14.3.6.3. Strategy Overview/campaigns

        14.3.7. Yatra

            14.3.7.1. Overview

            14.3.7.2. Service Portfolio

            14.3.7.3. Strategy Overview/campaigns

        14.3.8. Goibibo

            14.3.8.1. Overview

            14.3.8.2. Service Portfolio

            14.3.8.3. Strategy Overview/campaigns

        14.3.9. MakeMyTrip

            14.3.9.1. Overview

            14.3.9.2. Service Portfolio

            14.3.9.3. Strategy Overview/campaigns

        14.3.10. Travelguru

            14.3.10.1. Overview

            14.3.10.2. Service Portfolio

            14.3.10.3. Strategy Overview/campaigns

        14.3.11. Other Players (As Per Request)

15. Social Media Sentimental Analysis

    15.1. Social Media Platforms Preferred

        15.1.1. Facebook

        15.1.2. YouTube

        15.1.3. Instagram

        15.1.4. Twitter

        15.1.5. LinkedIn

        15.1.6. Pinterest

        15.1.7. Google+

        15.1.8. Others

    15.2. Perceptions on the Proposed Global travel agency services Tour Package

    15.3. Consumer Perception for Destinations On Social Media Platforms-Positive and Negative Mentions

    15.4. Trending #Hashtags

    15.5. Social Media Platform Mentions (% of Total Mentions)

    15.6. Region-Wise Social Media Mentions (% of Total Mentions)

    15.7. Trending Subject Titles

16. Assumptions and Acronyms Used

17. Research Methodology

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Digital Travel Market

Published : January 1970

Travel and Tourism

Cultural Travel Market

Published : January 1970

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Travel Agency Services Market