What is the Travel Agency Services Market Size ?
The travel agency services market size is forecast to increase by USD 156.7 billion and is estimated to grow at a CAGR of 8.6% between 2023 and 2028. The travel industry is experiencing significant growth, driven by several key factors. One of the most notable trends is the increasing number of international tourists. According to the World Tourism Organization, international tourist arrivals reached 1.4 billion in 2018, a 6% increase from the previous year. Another significant factor is the growing preference for online booking travel arrangements through travel agencies. This trend is expected to continue as more travelers seek the convenience and time-saving benefits of digital platforms. Additionally, the increasing disposable income of travelers, particularly in emerging markets, is fueling demand for travel experiences. These factors are driving innovation and growth in the travel industry, with online travel agencies at the forefront of meeting the evolving needs of consumers.
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
- 5.1 Global Travel Agency Services Market 2018 - 2022
- Historic Market Size - Data Table on Global Travel Agency Services Market 2018 - 2022 ($ billion)
- 5.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)
- 5.3 Distribution Channel segment analysis 2018 - 2022
- Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
- 5.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 5.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)
6 Five Forces Analysis
- 6.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 6.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 6.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 6.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 6.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 6.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 6.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
7 Market Segmentation by Type
- 7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 7.3 Leisure travel - Market size and forecast 2023-2028
- Chart on Leisure travel - Market size and forecast 2023-2028 ($ billion)
- Data Table on Leisure travel - Market size and forecast 2023-2028 ($ billion)
- Chart on Leisure travel - Year-over-year growth 2023-2028 (%)
- Data Table on Leisure travel - Year-over-year growth 2023-2028 (%)
- 7.4 Business travel - Market size and forecast 2023-2028
- Chart on Business travel - Market size and forecast 2023-2028 ($ billion)
- Data Table on Business travel - Market size and forecast 2023-2028 ($ billion)
- Chart on Business travel - Year-over-year growth 2023-2028 (%)
- Data Table on Business travel - Year-over-year growth 2023-2028 (%)
- 7.5 Specialty travel - Market size and forecast 2023-2028
- Chart on Specialty travel - Market size and forecast 2023-2028 ($ billion)
- Data Table on Specialty travel - Market size and forecast 2023-2028 ($ billion)
- Chart on Specialty travel - Year-over-year growth 2023-2028 (%)
- Data Table on Specialty travel - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
8 Market Segmentation by Distribution Channel
- 8.1 Market segments
- Chart on Distribution Channel - Market share 2023-2028 (%)
- Data Table on Distribution Channel - Market share 2023-2028 (%)
- 8.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
- 8.3 Online travel agencies - Market size and forecast 2023-2028
- Chart on Online travel agencies - Market size and forecast 2023-2028 ($ billion)
- Data Table on Online travel agencies - Market size and forecast 2023-2028 ($ billion)
- Chart on Online travel agencies - Year-over-year growth 2023-2028 (%)
- Data Table on Online travel agencies - Year-over-year growth 2023-2028 (%)
- 8.4 Hybrid - Market size and forecast 2023-2028
- Chart on Hybrid - Market size and forecast 2023-2028 ($ billion)
- Data Table on Hybrid - Market size and forecast 2023-2028 ($ billion)
- Chart on Hybrid - Year-over-year growth 2023-2028 (%)
- Data Table on Hybrid - Year-over-year growth 2023-2028 (%)
- 8.5 Brick and mortar travel agencies - Market size and forecast 2023-2028
- Chart on Brick and mortar travel agencies - Market size and forecast 2023-2028 ($ billion)
- Data Table on Brick and mortar travel agencies - Market size and forecast 2023-2028 ($ billion)
- Chart on Brick and mortar travel agencies - Year-over-year growth 2023-2028 (%)
- Data Table on Brick and mortar travel agencies - Year-over-year growth 2023-2028 (%)
- 8.6 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ billion)
- Data Table on Market opportunity by Distribution Channel ($ billion)
9 Customer Landscape
- 9.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Geographic Landscape
- 10.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 10.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 10.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 10.4 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 10.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 10.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 10.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 10.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 10.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 10.10 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 10.11 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 10.12 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 10.13 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
11 Drivers, Challenges, and Opportunity/Restraints
- 11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 11.4 Market opportunities/restraints
12 Competitive Landscape
- 12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 12.3 Landscape disruption
- Overview on factors of disruption
- 12.4 Industry risks
- Impact of key risks on business
13 Competitive Analysis
- 13.2 Company ranking index
- 13.3 Market positioning of companies
- Matrix on companies position and classification
- 13.4 Abercrombie and Kent USA LLC
- Abercrombie and Kent USA LLC - Overview
- Abercrombie and Kent USA LLC - Product / Service
- Abercrombie and Kent USA LLC - Key news
- Abercrombie and Kent USA LLC - Key offerings
- SWOT
- 13.5 American Express Co.
- American Express Co. - Overview
- American Express Co. - Business segments
- American Express Co. - Key offerings
- American Express Co. - Segment focus
- SWOT
- 13.6 BCD Group
- BCD Group - Overview
- BCD Group - Product / Service
- BCD Group - Key offerings
- SWOT
- 13.7 Booking Holdings Inc.
- Booking Holdings Inc. - Overview
- Booking Holdings Inc. - Product / Service
- Booking Holdings Inc. - Key offerings
- SWOT
- 13.8 China tourism group
- China tourism group - Overview
- China tourism group - Product / Service
- China tourism group - Key offerings
- SWOT
- 13.9 Corporate Travel Management Ltd.
- Corporate Travel Management Ltd. - Overview
- Corporate Travel Management Ltd. - Product / Service
- Corporate Travel Management Ltd. - Key offerings
- SWOT
- 13.10 CWT Global BV
- CWT Global BV - Overview
- CWT Global BV - Product / Service
- CWT Global BV - Key offerings
- SWOT
- 13.11 eDreams ODIGEO
- eDreams ODIGEO - Overview
- eDreams ODIGEO - Business segments
- eDreams ODIGEO - Key offerings
- eDreams ODIGEO - Segment focus
- SWOT
- 13.12 Expedia Group Inc.
- Expedia Group Inc. - Overview
- Expedia Group Inc. - Business segments
- Expedia Group Inc. - Key offerings
- Expedia Group Inc. - Segment focus
- SWOT
- 13.13 Flight Centre Travel Group Ltd.
- Flight Centre Travel Group Ltd. - Overview
- Flight Centre Travel Group Ltd. - Business segments
- Flight Centre Travel Group Ltd. - Key news
- Flight Centre Travel Group Ltd. - Key offerings
- Flight Centre Travel Group Ltd. - Segment focus
- SWOT
- 13.14 MakeMyTrip Ltd.
- MakeMyTrip Ltd. - Overview
- MakeMyTrip Ltd. - Business segments
- MakeMyTrip Ltd. - Key offerings
- MakeMyTrip Ltd. - Segment focus
- SWOT
- 13.15 The Travel Corp
- The Travel Corp - Overview
- The Travel Corp - Product / Service
- The Travel Corp - Key offerings
- SWOT
- 13.16 Trip.com Group Ltd.
- Trip.com Group Ltd. - Overview
- Trip.com Group Ltd. - Product / Service
- Trip.com Group Ltd. - Key offerings
- SWOT
- 13.17 TripAdvisor Inc.
- TripAdvisor Inc. - Overview
- TripAdvisor Inc. - Business segments
- TripAdvisor Inc. - Key offerings
- TripAdvisor Inc. - Segment focus
- SWOT
- 13.18 TUI AG
- TUI AG - Overview
- TUI AG - Business segments
- TUI AG - Key offerings
- TUI AG - Segment focus
- SWOT
14 Appendix
- 14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 14.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 14.4 Research methodology
- 14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 14.9 360 degree market analysis
- 360 degree market analysis
- 14.10 List of abbreviations
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