Travel Market Segmentation by Sector and Geography, Key Drivers and Market Forecasts – Technavio

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NEW YORK, July 26, 2022 /PRNewswire/ — The Travel Market size in the consumer discretionary industry is expected to grow by USD 451.19 billion during the forecasted period. Technavio’s latest market research report estimates that the travel market will progress at a CAGR of 13.86%. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.

Technavio offers an up-to-date analysis of the current global market scenario and the overall market environment. Read Sample Report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. American Automobile Association Inc., BCD Travel Services BV, Booking Holdings Inc., Corporate Travel Management Ltd., CWT Global BV, Expedia Group Inc., Fareportal Inc, Flight Centre Travel Group Ltd., GBT Travel Services UK Limited, and Travel Leaders Group LLC are some of the major market participants.

Technological advances, growing social media penetration, and increasing international tourism will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy Sample Report.

Travel Market Vendor Analysis and Scope

To help businesses improve their market position, the travel market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include

  • American Automobile Association Inc.
  • BCD Travel Services BV
  • Booking Holdings Inc.
  • Corporate Travel Management Ltd.
  • CWT Global BV
  • Expedia Group Inc.
  • Fareportal Inc
  • Flight Centre Travel Group Ltd.
  • GBT Travel Services UK Limited
  • Travel Leaders Group LLC

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Latest Sample Report.

Travel Market Segmentation

  • Sector
    • Airline
    • Hotel
    • Travel activities
    • Others
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

The airline segment’s market share will expand significantly. The airline travel sectors of many nations worldwide have expanded in tandem with the expansion of the global economy. Increased airline passenger traffic has led to higher revenues and related taxes, both of which have aided in the growth of the economy. Due to the advent of trip packages like tourism packages, this development is anticipated to continue during the projection period.

Travel Market Driver

Technology advancements are a major component in the expansion of the world travel sector. The travel industry depends on cutting-edge technical solutions to help travel agents and their clients access travel data, compare available reservation alternatives, and make reservations for the most practical, affordable, and comfortable option. Another major travel market trend that is anticipated to have a favorable effect on the sector throughout the forecast period is the growth of international tourism.

Related Reports:
India Travel Services Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2022-2026: The travel services market share in India is expected to reach an estimated value of USD 11.78 billion by 2026 at an accelerating CAGR of 11.38%.

Hospitality Market in the Netherlands Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2022-2026: The hospitality market share in the Netherlands is expected to increase by USD 5.30 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.68%.

Travel Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 13.86%

Market growth 2022-2026

$ 451.19 billion

Market structure

Fragmented

YoY growth (%)

13.08

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 41%

Key consumer countries

China, the US, Germany, Japan, and the UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

American Automobile Association Inc., BCD Travel Services BV, Booking Holdings Inc., Corporate Travel Management Ltd., CWT Global BV, Expedia Group Inc., Fareportal Inc, Flight Centre Travel Group Ltd., GBT Travel Services UK Limited, and Travel Leaders Group LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1. Executive Summary                         

               1.1 Market overview 

                              Exhibit 01:  Key Finding 1

                              Exhibit 02:  Key Finding 2

                              Exhibit 03:  Key Finding 3

                              Exhibit 04:  Key Finding 5

                              Exhibit 05:  Key Finding 6

                              Exhibit 06:  Key Finding 7

                              Exhibit 07:  Key Finding 8

2. Market Landscape                            

               2.1 Market ecosystem             

                              2.1.1    Parent market

                              Exhibit 08:  Parent market

                              Exhibit 09:  Market characteristics

               2.2     Value chain analysis       

                              Exhibit 10:  Value chain analysis: Hotel, Restaurants, and Leisure

                              2.2.1    Inputs

                              2.2.2    Inbound logistics

                              2.2.3    Operations

                              2.2.4    Services

                              2.2.5    Marketing and sales

                              2.2.6    Support activities

                              2.2.7    Innovation

3. Market Sizing                       

               3.1 Market definition

                              Exhibit 11:  Offerings of vendors included in the market definition

               3.2     Market segment analysis             

                              Exhibit 12: Market segments

               3.3 Market size 2021 

               3.4 Market outlook: Forecast for 2021-2026   

                              Exhibit 13:  Global – Market size and forecast 2021 – 2026 ($ billion)

                              Exhibit 14:  Global market: Year-over-year growth 2021 – 2026 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 15:  Five forces analysis 2021 & 2026

               4.2 Bargaining power of buyers            

                              Exhibit 16:  Bargaining power of buyers

               4.3 Bargaining power of suppliers        

                              Exhibit 17:  Bargaining power of suppliers

               4.4 Threat of new entrants     

                              Exhibit 18:  Threat of new entrants

               4.5 Threat of substitutes          

                              Exhibit 19:  Threat of substitutes

               4.6 Threat of rivalry   

                              Exhibit 20:  Threat of rivalry

               4.7 Market condition 

                              Exhibit 21:  Market condition – Five forces 2021

5. Market Segmentation by Sector  

              5.1 Market segments 

                              Exhibit 22:  Sector – Market share 2021-2026 (%)

               5.2     Comparison by Sector   

                              Exhibit 23:  Comparison by Sector

               5.3     Transportation – Market size and forecast 2021-2026      

                              Exhibit 24:  Transportation – Market size and forecast 2021-2026 ($ billion)

                              Exhibit 25:  Transportation – Year-over-year growth 2021-2026 (%)

               5.4     Hotel – Market size and forecast 2021-2026         

                              Exhibit 26:  Hotel – Market size and forecast 2021-2026 ($ billion

                              Exhibit 27:  Hotel – Year-over-year growth 2021-2026 (%)

               5.5     Travel activities – Market size and forecast 2021-2026     

                              Exhibit 28:  Travel activities – Market size and forecast 2021-2026 ($ billion)

                              Exhibit 29:  Travel activities – Year-over-year growth 2021-2026 (%)

               5.6     Market opportunity by Sector    

                              Exhibit 30:  Market opportunity by Sector

6. Customer landscape                        

                              Technavio’s customer landscape matrix compares Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate, and Key purchase criteria

               6.1     Overview            

                              Exhibit 31:  Customer landscape

7.    Geographic Landscape                

               7.1     Geographic segmentation           

                              Exhibit 32:  Market share by geography 2021-2026 (%)

               7.2     Geographic comparison

                              Exhibit 33:  Geographic comparison

               7.3     APAC – Market size and forecast 2021-2026         

                              Exhibit 34:  APAC – Market size and forecast 2021-2026 ($ billion)

                              Exhibit 35:  APAC – Year-over-year growth 2021-2026 (%)

               7.4     Europe – Market size and forecast 2021-2026      

                              Exhibit 36:  Europe – Market size and forecast 2021-2026 ($ billion)

                              Exhibit 37:  Europe – Year-over-year growth 2021-2026 (%)

               7.5     North America – Market size and forecast 2021-2026       

                              Exhibit 38:  North America – Market size and forecast 2021-2026 ($ billion)

                              Exhibit 39:  North America – Year-over-year growth 2021-2026 (%)

               7.6     South America – Market size and forecast 2021-2026       

                              Exhibit 40:  South America – Market size and forecast 2021-2026 ($ billion)

                              Exhibit 41:  South America – Year-over-year growth 2021-2026 (%)

               7.7     MEA – Market size and forecast 2021-2026          

                              Exhibit 42:  MEA – Market size and forecast 2021-2026 ($ billion)

                              Exhibit 43:  MEA – Year-over-year growth 2021-2026 (%)

               7.8     Key leading countries     

                              Exhibit 44:  Key leading countries

               7.9     Market opportunity by geography           

                              Exhibit 45:  Market opportunity by geography ($ billion)

8. Drivers, Challenges, and Trends                  

               8.1 Market drivers      

                              8.1.1    Increasing adoption of online payment platforms

                              8.1.2    Technological advances

                              8.1.3    Growing demand for multigenerational and micro trips

               8.2 Market challenges              

                              8.2.1    Threat from growing terrorism

                              8.2.2    Health and safety risks associated with travel

                              8.2.3    Travel fatigue

                              Exhibit 46:  Impact of drivers and challenges

               8.3 Market trends      

                              8.3.1    Increasing international tourist footfall

                              8.3.2    Increase in the number of mergers and acquisitions (M&A), partnerships, and strategic alliances

                              8.3.3    Increasing disposable incomes

9. Vendor Landscape                            

               9.1 Overview

                              Exhibit 47:  Vendor landscape

               9.2     Landscape disruption     

                              Exhibit 48:  Landscape disruption

                              Exhibit 49:  Industry risks

               9.3     Competitive Landscape  

10. Vendor Analysis               

               10.1   Vendors covered             

                              Exhibit 50:  Vendors covered

               10.2   Market positioning of vendors   

                              Exhibit 51:  Matrix on vendor position and classification

               10.3   American Automobile Association Inc.   

                              Exhibit 52:  American Automobile Association Inc. – Overview

                              Exhibit 53:  American Automobile Association Inc. – Product and service

                              Exhibit 54:  American Automobile Association Inc. – Key offerings

               10.4   BCD Travel Services BV  

                              Exhibit 55:  BCD Travel Services BV – Overview

                              Exhibit 56:  BCD Travel Services BV – Product and service

                              Exhibit 57:  BCD Travel Services BV- Key news

                              Exhibit 58:  BCD Travel Services BV – Key offerings

               10.5   Booking Holdings Inc.    

                              Exhibit 59:  Booking Holdings Inc. – Overview

                              Exhibit 60:  Booking Holdings Inc. – Business segments

                              Exhibit 61:  Booking Holdings Inc.- Key news

                              Exhibit 62:  Booking Holdings Inc. – Key offerings

                              Exhibit 63:  Booking Holdings Inc. – Segment focus

               10.6   Corporate Travel Management Ltd.         

                              Exhibit 64:  Corporate Travel Management Ltd. – Overview

                              Exhibit 65:  Corporate Travel Management Ltd. – Product and service

                              Exhibit 66:  Corporate Travel Management Ltd. – Key offerings

               10.7   CWT Global BV 

                              Exhibit 67:  CWT Global BV – Overview

                              Exhibit 68:  CWT Global BV – Product and service

                              Exhibit 69:  CWT Global BV – Key offerings

               10.8   Expedia Group Inc.         

                              Exhibit 70:  Expedia Group Inc. – Overview

                              Exhibit 71:  Expedia Group Inc. – Business segments

                              Exhibit 72:  Expedia Group Inc. – Key offerings

                              Exhibit 73:  Expedia Group Inc. – Segment focus

               10.9   Fareportal Inc   

                              Exhibit 74:  Fareportal Inc – Overview

                              Exhibit 75:  Fareportal Inc – Product and service

                              Exhibit 76:  Fareportal Inc – Key offerings

               10.10 Flight Centre Travel Group Ltd. 

                              Exhibit 77:  Flight Centre Travel Group Ltd. – Overview

                              Exhibit 78:  Flight Centre Travel Group Ltd. – Product and service

                              Exhibit 79:  Flight Centre Travel Group Ltd. – Key offerings

               10.11 GBT Travel Services UK Limited 

                              Exhibit 80:  GBT Travel Services UK Limited – Overview

                              Exhibit 81:  GBT Travel Services UK Limited – Product and service

                              Exhibit 82:  GBT Travel Services UK Limited- Key news

                              Exhibit 83:  GBT Travel Services UK Limited – Key offerings

               10.12 Travel Leaders Group LLC           

                              Exhibit 84:  Travel Leaders Group LLC – Overview

                              Exhibit 85:  Travel Leaders Group LLC – Product and service

                              Exhibit 86:  Travel Leaders Group LLC – Key offerings

11. Appendix                           

               11.1 Scope of the report         

                              11.1.1 Market definition

                              11.1.2 Objectives

                              11.1.3 Notes and caveats

               11.2   Currency conversion rates for US$           

                              Exhibit 87:  Currency conversion rates for US$

               11.3   Research methodology  

                              Exhibit 88:  Research Methodology

                              Exhibit 89:  Validation techniques employed for market sizing

                              Exhibit 90:  Information sources

               11.4   List of abbreviations       

                              Exhibit 91:  List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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