Changing Travel Trends Boosts The Market For Travel Arranging And Reservation Services


Travel Arrangement and Reservation Services Market 2021 – Global Forecast to 2030

The Business Research Company Travel Arrangement and Booking Services Market 2021 – Opportunities and Strategies – Global Forecast to 2030

LONDON, GREATER LONDON, UK, 25 November 2021 / – Rapidly changing travel trends towards leisure and food tourism are expected to be a major driver for the travel planning services market and reservation. Leisure travel refers to the hybrid travel model that includes both business travel and pleasure travel. Individuals during their business trips to various countries prefer to explore the local cuisine, the places of travel after the end of their official work. According to the Global Business Travel Association, one in three business travelers will add a leisure component to at least one of their business trips per year. Food tourism is another major trend that is expected to drive the market for travel planning and reservation services. Food tourism focuses on authentic culinary experiences. In recent years, there has been an increasing shift towards experiencing local specialties from specific countries in unique food and drink activities while traveling over the past couple of years. Changing travel trends will drive the market for travel planning and booking services in the future.

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The global travel arrangement and reservation services market size is expected to grow from $ 303.59 billion in 2020 to $ 474.36 billion in 2025 at a rate of 9.3%. The market is then expected to grow at a CAGR of 5.4% from 2025 and reach $ 618.39 billion in 2030.
Custom itineraries are travel plans and budget suggestions provided by a travel agent or operator based on the customer’s needs. Travelers increasingly prefer tailor-made tours due to the increased comfort, privacy, and lack of interest of prepackaged tours. In December 2018, a survey was conducted by G Adventures, a Canadian-based adventure travel company, of 450 travel agents to understand their interests and trends.

Over 84% of those surveyed reported an increase in tailor-made or private tours. Among US travel agents, 93% of those surveyed saw an increase in demand for private and personalized travel preferences. Tour operators and travel agencies are increasingly offering personalized itineraries with expert consultations to meet demand. For example, in March 2019, G Adventure launched TailorMade, a range of personalized travel solutions for 11 launch destinations.

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The major players in the global travel and reservation services industry are BCD Group, Booking Holdings, Expedia Group, Group, Flight Center Travel Group (FCTG).

TBRC’s global travel arranging and reservation services market is segmented by type into travel agencies, tour operators, convention and visitor reception offices, other travel planning and reservation services, by mode of domestic travel, foreign travel, by online booking method, online.

Travel Preparation and Booking Services Market 2021 – By Type (Travel Agencies, Tour Operators, Convention and Hospitality Offices), By Travel Mode (Domestic, Foreign), By Booking Mode (Offline, Online ) and by Region, Opportunities, and Strategies – Global Forecast To 2030 is part of a series of new reports from The Business Research Company that provides market insight for Travel Arrangement and Reservation Services market, size forecast and the growth of the travel organization and reservation services market for the overall market, the travel organization and reservation services market segments, and geographies, market trends for the organization and reservation services. travel reservation, travel organization and reservation services market drivers, travel organization and reservation services market restraints, revenue, profiles and market shares of major competitors annuities.

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