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Travel Market to grow at a CAGR of 13.86% by 2026| Evolving Opportunities with American Automobile Association Inc. & BCD Travel Services BV

41% of the market’s growth will originate from APAC. China and Japan are the key markets for travel in APAC. The growing tourism industry will facilitate the growth of the travel market in APAC. The travel market share growth by the airline segment will be significant for revenue generation. With the improvement in the global economy, there has been simultaneous growth in the airline travel industries of many countries worldwide

The travel market covers the following areas:

The report on the travel market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.

The travel market is driven by technological advances. The travel market relies on technologically advanced solutions that aid travel agents and their clients in accessing the travel data, comparing reservation options and booking the most efficient, economical, and comfortable option. The advances in artificial intelligence (AI) have helped automate the travel booking process, eliminating the need to reenter employee travel preferences and, in turn, saving time and energy. 

The Travel Market is segmented by sector (airline, hotel, travel activities, and others) and geography (APAC, Europe, North America, South America, and MEA). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Companies Mentioned

  • 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

Related Reports:
Luxury Travel Market  –The luxury travel market size has the potential to grow by USD 1232.77 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 25.70%.  Download a free sample now!

Travel Services Market in India – The travel services market share in India is expected to increase by USD 11.11 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 11.55%. Download a free sample now!

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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

USD 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, US, Germany, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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 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.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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 across 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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