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Region : Global | Format: PDF | Report ID: BRI101803 | SKU ID: 21059769

Travel Agencies Market Size, Share, Growth, and Industry Analysis, By Type (International and Domestic Airline Bookings, Tour and Packaged Travel Bookings, Accommodation Bookings, Cruise Bookings, Car Rental and Others), By Application (Online and Offline), Regional Insights, and Forecast To 2031

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  • Segmentation

Travel Agencies Market Report Overview

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The global travel agencies market size was USD 153540 million in 2021 and is projected to touch USD 698483.32 million by 2031, exhibiting a CAGR of 15.6% during the forecasting period.

A company that facilitates trip preparation and booking is a travel agency. They may assist with booking travel and lodging as well as organising excursions and activities. A travel agent is someone who is fully knowledgeable in the tourist product, including destinations, modes of transportation, climate, lodging, and other service-related fields. He represents the principals or product providers on whose behalf he works in exchange for a commission. The owner or manager of an agency is technically a travel agent, but other staff members are in charge of giving tourists recommendations and selling travel packages, tours, and other travel-related products. A travel agent is a person, company, or organisation that is also known as a travel agency. An agency is the location of a travel agency or other business where everyone

COVID-19 Impact: Bad Impact on Tourism Due to Lockdowns to Hamper Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with travel agencies market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributed to the travel agencies market growth and demand returning to pre-pandemic levels once the pandemic is over.

In addition to killing over a million people, the coronavirus drastically altered people's daily routines in a short period of time, had a negative impact on the world economy, and spread panic. The tourist sector appears to have been the hardest devastated by the Covid-19 epidemic of all the afflicted industries, affecting a number of related industries like hotel, travel and tour operators, all forms of transportation services, and many more. Hotels, cafes, taverns, and restaurants just closed their doors as flights were grounded, cities came to a standstill, trains stopped operating, and practically all public transportation ceased to operate. The market for travel agents was negatively impacted by this.

LATEST TRENDS

" Rising Demand for Leisure Travel to Enhance Market Growth "

The reduction in the number of hours in the workweek has led to an increase in leisure travel. This frees up more time for leisure pursuits. People are no longer required to save money by taking unpaid vacations. People can now spend that extra money. There is now a larger selection of leisure activities, so everyone may find something they enjoy. Transportation is become more affordable, simple, and quick. As a result, more people may take vacations overseas and access leisure activities more easily. Leisure travel directly benefits travel agencies market.

RESTRAINING FACTORS

" Risks Involved in Tourism to Impede Market Growth "

The development of global travel agencies is anticipated to be hampered by elements including potential dangers associated with adventure travel, unpredictable climate conditions, and possibility for catastrophes. These factors pose serious threat to the lives of tourists so precautions need to be taken which make it a little expensive. This is anticipated to hamper market growth.

Travel Agencies Market Segmentation

Based on type; the market is divided into international and domestic airline bookings, tour and packaged travel bookings, accommodation bookings, cruise bookings, car rental and others.

In terms of product, tour and packaged travel bookings is the largest segment.

  • By Application

Based on application; the market is divided into online and offline.

In terms of application, online is the largest segment.

DRIVING FACTORS

" Inclination of Youth Towards Tourism to Augment Market Growth "

Youth travel preferences, increasing interest in adventure sports and affordable travel packages are anticipated to support market expansion throughout the course of the projected period. Nowadays, it is thought that travelling is a crucial component of adolescent education and activities. Young kids benefit from educational trips that broaden their knowledge and encourage the development of new concepts. The best way to improve health, happiness, and enjoyment is to travel. Additionally, it fosters youth's sense of national solidarity. Most individuals travel for pleasure because it thrills the heart and expands the mind. Seeing the splendours of nature gives people enormous joy. Travellers’ hearts are touched by the majestic mountains and meadows, streams and rivers, the deep blue sky, green trees, the enormous desert, and the open sea. This is anticipated to drive travel agencies market growth.

" Government Initiatives in Travel Agency to Promote Market Growth "

The factors driving the growth of the travel agency market in the future include an increase in government initiatives in the form of public-private partnerships to promote tourism, a spike in travel-related social media trends, intense competition among travel agencies to offer affordable travel packages, fewer travel restrictions, as well as the economic evolution. This is anticipated to boost market growth.

Travel Agencies Market Regional Insights

" North America to Dominate the Market Due to Increased Tourism "

North America dominated the global travel agencies market share. The expansion of the regional market can be linked to a number of variables, including an increase in business travel, an increase in tourism, and the expansion of online travel agencies. Furthermore, it is anticipated that the presence of significant businesses in this region will fuel growth over the following eight years. In North America, demand for foreign travel among both people and corporate entities is expected to rise significantly throughout the projected period as a result of rising disposable income and a better standard of life.

Additionally, due to increased awareness of the various modes of transportation available globally, rapid development and improved infrastructure facilities will spur industry expansion throughout this region during the same period, driving overall revenue share across all segments, including domestic airlines booking service providers, tour operators, accommodation reservations, and car rental agencies, and others.

KEY INDUSTRY PLAYERS

" Intense Competition Among Market Players to Boost Market Growth "

Some of the most prominent and incumbent players functioning within the global travel agencies market include Omega World Travel, Ovation Travel Group, Thomas Cook, Travel and Transport, Travelocity, Travelong, TravelStore, TripAdvisor, Uniglobe Travel International, World Direct Travel. The market's competitive environment may become more intense in the coming years as more new companies prepare to enter the industry . The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

List of Market Players Profiled

  • Booking Holdings Inc. (U.S.)
  • Expedia Group Inc. (U.S.)
  • Trip.com Group Limited (China)
  • Tripadvisor, Inc. (U.S.)
  • Trivago NV (Germany)
  • eDreams (Spain)
  • Odigeo (Spain)

REPORT COVERAGE

The report examines market channels of travel agencies and provides information on the elements affecting probable future global development. Additionally, the report looks at market size and share, regional trends, end-use categories, and market segments. It emphasises the importance of outlining an exhaustive regional analysis. The Global travel agencies study also carried out a sector analysis to comprehend the key driving factors and entry barriers of the market. The paper also offers suggestions on how businesses might strengthen their market positions in light of significant alterations in the market dynamics.

Frequently Asked Questions

The travel agencies market is expected to touch USD 698483.32 million by 2031.

The travel agencies market is expected to exhibit a CAGR of 15.6% by 2031.

Inclination of youth towards tourism and government initiatives in travel agency are the driving factors of the travel agencies market.

Omega World Travel, Ovation Travel Group, Thomas Cook, Travel and Transport, Travelocity, Travelong, TravelStore, TripAdvisor, Uniglobe Travel International, World Direct Travel are the top companies operating in the travel agencies market.

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The latest travel data.

MONTHLY INSIGHTS March 04, 2024

travel agency industry analysis

U.S. Travel has temporarily paused our monthly data newsletter, however, the latest travel data is still available via the U.S. Travel Insights Dashboard . This dashboard is updated each month (member login required).

The U.S. Travel Insights Dashboard , developed in collaboration with Tourism Economics, is supported by more than 20 data sources. The dashboard is the most comprehensive and centralized source for high-frequency intelligence on the U.S. travel industry, tracking industry performance, travel volumes and predictive indicators of recovery including air and lodging forecasts, DMO website traffic, convention and group trends, travel spending and losses, traveler sentiment, among others to measure the health of the industry.

Key Highlights January 2024:

  • Travel appetite started the year on a softer note, but overall growth continued. Air passenger growth remained positive, up 6% versus the prior year but lower than the double-digit growth seen through 2023. Foreign visits remained strong, up 24% YoY.
  • Hotel room demand continued a trend of slight contraction falling 1% versus the prior year, while short-term rental demand grew 1%, a lower rate than 2023.
  • A particular bright spot was that group room demand within the top 25 markets displayed solid growth of 9% relative to the prior year.
  • The outlook for the economy remains fairly optimistic due to the strength of the labor market, looser financial conditions and healthy household and nonfinancial corporate balance sheets. This has filtered through to slightly higher consumer sentiment in February.
  • Sentiment is also growing for upcoming leisure travel in 2024. The share of travelers reporting having travel plans within the next six months increased to 93% in January from 92% in December, according to Longwoods International’s monthly survey.
  • Travel price inflation (TPI) fell slightly in January as a result of falling transportation prices. Sticky services inflation should see relief from decelerating wage growth. However, upside risks stem from rising healthcare costs, supply chain disruptions and slowing labor supply. Source: U.S. Travel Association and Tourism Economics

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ADDITIONAL RESEARCH

Travel Price Index

Travel Forecast

Quarterly Consumer Insights

Additional monthly insights are available through the full U.S. Travel Monthly Data Report, exclusive to members. Please inquire with  membership  if you are interested in learning about becoming a member of U.S. Travel Association. 

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Travel Agencies – 2024 U.S. Market Research Report

Published: March 2024 Updated Recession Statistics & Forecasts

This 78-page industry market research report is an in-depth analysis of the $31.1 billion travel agencies industry in the United States. The market research report utilizes the most extensive set of business surveys as the foundation for over 100 market research data sets with extensive historical data (2015-2023), statistics, trend analysis, and forecasts for 2024 & the next 5 years.

The report includes market size, growth, sales & cost trends, industry dynamics, operating expenses for 26 categories, profitability, employee productivity, 10 financial ratios, 31 balance sheet metrics, extensive statistics by state and Metropolitan Statistical Area (MSAs), workforce composition statistics, market share for top 50 companies, inflation, payroll and pay range data on 46 jobs, product line breakdown, industry data sets segmented by business size, concentration, and business structure, and much more.

Travel Agencies Industry Market Research Report

Report Format

Industry definition, select market research report statistics.

NUMBER OF COMPANIES In 2023, there were 9,249 companies in the industry Download for historicals and forecasts of companies & locations

MARKET GROWTH The 5-year annual growth rate averaged 5% Download the report for more historical, annual and forecasted growth rates

MARKET SHARE The top 4 companies have 47.9% market share The report has more market share statistics

REVENUE PER LOCATION In 2023, the avg. sales per location was $2.2 million Download now for historical and forecasted revenue per company

INFLATION & PRICING Over the past 5 years, inflation averaged 0.7% This report has historicals, 4 years of monthly data, and 2024 & 5-year forecasts

EMPLOYEE PRODUCTIVITY Revenue per employee is $220,631 Download now for more employee metrics

OPERATING EXPENSE BENCHMARKS 2.7% of expenses is spent on professional services Download this market research report for 24 other categories

PAY BENCHMARKS In 2023, avg. pay per employee was $69,165 The report has extensive pay statistics

ORGANIZATIONAL BENCHMARKS 9% of employees are in business ops & finance Download for 25 other organizational categories

Download a Sample Report

Data & methodology, key questions answered in this market research report.

How do professionals use this report? Professionals utilize this report for industry research, market sizing and evaluation, forecasting, strategic planning, sales & marketing strategy, due diligence, valuations, benchmarking, streamlining, and other analyses.

What is the market size of the travel agencies industry? This report covers the historical industry market size (2015-2023), and forecasts for 2024 and the next 5 years. This report also includes market share of the top 50 companies.

What is the outlook for the industry? This report has over a dozen market forecasts (2024 & 5 years) on total sales, companies, employees, productivity, inflation, compensation, operating expense, and others.

What industry analysis/data exists for the industry? This report covers over 100+ data sets on the travel agencies industry. Take a look at the table of contents below to see the breadth of analysis and data on the industry.

What segmentations are there on the travel agencies industry? This report segments the industry many ways including by business size, concentration (Top 50 companies), business structure, state, MSAs, and product lines.

What are the financial metrics for the industry? This report covers many financial metrics for the industry including profitability, growth, opex / revenue, 31 balance sheet items organized by liabilities, assets, and equity, and 10 financial metrics including return on sales, asset turnover, liability ratio, and net worth ratio.

What are important benchmarks for the travel agencies industry? Some of the most important benchmarks for the industry include market share, sales growth, employee productivity, operating expense breakdown, product line breakdown, span of control, and organizational composition. This report includes all of them and many more.

Report & Industry Details

NAICS Code: 561510

Number of Pages: 78

Format: PDF

Price: $295

Support Contact : Email us at [email protected] or call us at 1-800-613-3611

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Table of Contents

Page 1-2 – Report Overview & Table of Contents

Page 3 – Industry Overview – Methodology – Industry Definition & Examples

Page 4 – Industry Snapshot – Revenue & Growth

Page 5 – Industry Snapshot – Costs & Profitability

Section One REVENUE & GROWTH BENCHMARKS

Page 7 – Industry Growth Details – Industry Revenues – Companies – Locations – 2015-2023 Historical Figures – Forecasts for 2024 and the Next 5 Years

Page 8 – Growth Benchmarks – Revenues per Company – Revenues per Location – Locations per Company – 2015-2023 Historical Figures – Forecasts for 2024 and the Next 5 Years

Page 9 – Breakdown of Product Lines – Percentage of Revenue from Product Lines

Page 10 – BCG Income vs. Revenue Growth Matrix – Service Subsectors vs. Industry

Page 11 – Total Revenue by Industry Segments – Concentration (Top 4, next 4, next 12, next 30 largest companies) – Business Size (1-4 employees, 5-9 employees, 10-19, 20-49, 50-99, 100-249, 250+) – Business Structure (C-Corporations, S-Corporations, Partnerships, Sole Proprietorships) – Franchise Segments – Industry Average

Page 12 – Total Revenue per State – Revenue per State and State Rankings

Page 13 – Sales per Capita by State – Sales per Capita and State Rankings

Page 14-17 – Revenue per Metropolitan Statistical Area

Page 18-21 – Revenue per Capita per Metropolitan Statistical Area

Page – 22 Revenue per Company by Industry Segment – Concentration, Business Size, & Business Structure

Page – 23 Revenue per Location by Industry Segment – Concentration, Size, Structure, & Franchise

Page – 24 Revenue per Location by State – Revenue per Location and State Rankings

Page – 25-28 Revenue per Location per MSA

Page – 29 Industry Segmentation by Business Size – Segments include 1-4 employees, 5-9 employees, 10-19, 20-49, 50-99, 100-249, 250+ employees – Revenue, Companies, Locations, Employees & Payroll – Absolute Figures & % of Industry

Page – 30 Industry Consolidation Analysis – By Business Size Segments – Revenue, Companies, Locations & Employees – 2018 vs. 2023 by Business Size

Page – 31 Industry Consolidation Benchmarks – Revenue per Company, Location & Employee – 2018 vs. 2023 by Business Size

Page – 32 Industry Segmentation by Top 50 Companies – Segments include top 4, next 4, next 12, next 30, and top 50 companies by revenue – Revenue, Locations, Employees & Payroll – Absolute Figures & % of Industry

Page – 33 Sector Concentration Benchmarks – % of Sector Revenue from the Top 50 Companies – 12 Sectors

Page – 34 Industry Segmentation by Business Structure – Revenue, Companies, Locations, Employees & Payroll – Absolute Figures & % of Industry

Page – 35 Pricing & Inflation – Annual Inflation – Indexed to 2006 – 2015-2023 historicals, 2023 & 5-yr forecasts – Monthly Inflation Figures for the Past 4 Years

Page – 36 Service Subsector Growth – Revenue and 5-Year CAGR – 12 Subsectors

Page – 37 Service Subsector Analysis – Revenue per Company – Revenue per Location – 12 Subsectors

Page – 38 Service Subsector Analysis – Revenue per Employee – Payroll per Employee

SECTION TWO COST & FINANCIAL ANALYSIS

Page – 40 Profitability & Financial Ratio Analysis – Percent of Companies that are Profitable – Average Net Income as a Percent of Revenue – Financial Ratios – 10 ratios, such as Total Asset Turnover, Assets to Liabilities, Return on Net Worth, Solvency Ratio

Page – 41 Balance Sheet Benchmarks – Assets and Liabilities indexed to industry revenue at 100 – Current & Non-Current Assets: Cash, Notes & Accounts Receivable, Allowance for Bad Debts, Inventories, Treasuries & Securities, Other Current Assets, Loans to Shareholders / Mortgage, Other Investments, Depreciable Assets, Accumulated Depreciation, Land, Intangible Assets (Amortizable), Accumulated Amortization, Other Assets – Short-term, Long-term Liabilities, & Net Worth: Accounts Payable, Mortgages, Notes, Bonds due in less than 1 Yr., Other Current Liabilities, Loans from Shareholders, Mortgages, Notes, Bonds > 1 Yr., Other Liabilities, Capital Stock, Additional Paid-in Capital, Retained Earnings, Cost of Treasury Stock

Page – 42 Operating Expenses – Industry Operating Expenses – Industry Revenue vs. Operating Expense Growth – Operating Expense as a Percent of Revenue – 2015-2023 Historical Figures – Forecasts for 2024 and the Next 5 Years

Page 43 – Operating Expenses by Company & Location – Operating Expenses per Company – Operating Expenses per Location – Revenue vs. Expenses Growth per Location – 2015-2023 Historical Figures – Forecasts for 2024 and the Next 5 Years

Page – 44 Operating Expense Detail – Employee Expenses: Annual Payroll, Health Insurance, Defined Benefit Pension Plans, Defined Contribution Plans, Other Fringe Benefits, Contract Labor Costs, Incl. Temporary Help – Property Expenses: Lease and Rent for Buildings, Offices, Stores, Repairs and Maintenance to Buildings, Purchased Electricity, Purchased Fuels (except motor fuels), Water, Sewer, Refuse, Other Utility Payments – Equipment Expenses: Expensed Equipment: Lease and Rent for Machinery and Equip., Repairs, Maint. to Machinery and Equip., Depreciation and Amortization Charges, Other Materials, Parts, and Supplies – IT Expenses: Data Processing & Other Computer Services: Communication Services: Expensed Purchases of Software – Miscellaneous Expenses: Advertising and Promotional Services, Professional and Technical Services, Taxes and License Fees

Page 45 – Productivity & Industry Employment – Revenue per Employee – Total Industry Employees – Employees per Company – 2015-2023 Historical Figures – Forecasts for 2024 and the Next 5 Years

Page – 46 Employee Productivity by Segments – Revenue per Employee – Concentration, Business Size, Structure & Franchise

Page – 47 Employee Productivity by State – Revenue per Employee and State Rankings

Page – 48-51 Employee Productivity per MSA – Revenue per Employee

Page – 52 Industry Payroll – Payroll per Employee – Payroll per Company – Payroll per Location – 2015-2023 Historical Figures – Forecasts for 2024 and the Next 5 Years

Page – 53 Workforce Composition Benchmarks – 26 Job Categories – Management & Finance – Sales & Marketing – Technology, Engineering, Science – Service, Support & Training – Operations – Percent of Industry Employees

Page – 54 Job Categorization Pay Ranges – 26 Job Categories – Management & Finance – Sales, Service & Marketing – Operations – Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10% – Pay Bands (10%, 25%, Mean, 75%, 90%)

Page – 55 Top 20 Jobs Breakdown – Percent of Total Employees by Job – Rank Ordered by Top 20 Job Categories

Page – 56 Pay Ranges of Top 20 Jobs – Pay Bands (10%, 25%, Mean, 75%, 90%)

Page – 57 Payroll per Company by Segments – Concentration, Business Size, & Business Structure

Page – 58 Payroll per Location by Segments – Concentration, Business Size, Structure, & Franchise

Page – 59 Payroll per Employee by Segments – Concentration, Business Size, Structure, & Franchise

Page – 60 Payroll per Employee by State – Payroll per Employee – State Rankings

Page – 61-64 Payroll per Employee per MSA

Page – 65 Employees per Company by Segments – Concentration, Business Size, & Business Structure

Page – 66 Employees per Company by Segments – Concentration, Business Size, Structure, & Franchise

Page – 67 Total Employment by State – Number of Employees and State Rankings

Page – 68 Population to Every Employee by State – Number of Residents to Industry Employee – State Rankings

Page – 69-72 Total Employment per MSA

Page – 73 Locations per Company by Segments – Concentration, Business Size, & Business Structure

Page – 74-77 Locations per MSA

Product Lines Analyzed

Industry jobs analyzed, states covered, metropolitan statistical areas (msas) covered.

Abilene, TX Akron, OH Albany, GA Albany, OR Albany-Schenectady-Troy, NY Albuquerque, NM Alexandria, LA Allentown-Bethlehem-Easton, PA-NJ Altoona, PA Amarillo, TX Ames, IA Anchorage, AK Ann Arbor, MI Anniston-Oxford-Jacksonville, AL Appleton, WI Asheville, NC Athens-Clarke County, GA Atlanta-Sandy Springs-Roswell, GA Atlantic City-Hammonton, NJ Auburn-Opelika, AL Augusta-Richmond County, GA-SC Austin-Round Rock, TX Bakersfield, CA Baltimore-Columbia-Towson, MD Bangor, ME Barnstable Town, MA Baton Rouge, LA Battle Creek, MI Bay City, MI Beaumont-Port Arthur, TX Beckley, WV Bellingham, WA Bend-Redmond, OR Billings, MT Binghamton, NY Birmingham-Hoover, AL Bismarck, ND Blacksburg-Christiansburg-Radford, VA Bloomington, IL Bloomington, IN Bloomsburg-Berwick, PA Boise City, ID Boston-Cambridge-Newton, MA-NH Boulder, CO Bowling Green, KY Bremerton-Silverdale, WA Bridgeport-Stamford-Norwalk, CT Brownsville-Harlingen, TX Brunswick, GA Buffalo-Cheektowaga-Niagara Falls, NY Burlington, NC Burlington-South Burlington, VT California-Lexington Park, MD Canton-Massillon, OH Cape Coral-Fort Myers, FL Cape Girardeau, MO-IL Carbondale-Marion, IL Carson City, NV Casper, WY Cedar Rapids, IA Chambersburg-Waynesboro, PA Champaign-Urbana, IL Charleston, WV Charleston-North Charleston, SC Charlotte-Concord-Gastonia, NC-SC Charlottesville, VA Chattanooga, TN-GA Cheyenne, WY Chicago-Naperville-Elgin, IL-IN-WI Chico, CA Cincinnati, OH-KY-IN Clarksville, TN-KY Cleveland, TN Cleveland-Elyria, OH Coeur d’Alene, ID College Station-Bryan, TX Colorado Springs, CO Columbia, MO Columbia, SC Columbus, GA-AL Columbus, IN Columbus, OH Corpus Christi, TX Corvallis, OR Crestview-Fort Walton Beach-Destin, FL Cumberland, MD-WV Dallas-Fort Worth-Arlington, TX Dalton, GA Danville, IL Daphne-Fairhope-Foley, AL Davenport-Moline-Rock Island, IA-IL Dayton, OH Decatur, AL Decatur, IL Deltona-Daytona Beach-Ormond Beach, FL Denver-Aurora-Lakewood, CO

Des Moines-West Des Moines, IA Detroit-Warren-Dearborn, MI Dothan, AL Dover, DE Dubuque, IA Duluth, MN-WI Durham-Chapel Hill, NC East Stroudsburg, PA Eau Claire, WI Elizabethtown-Fort Knox, KY Elkhart-Goshen, IN Elmira, NY El Paso, TX Erie, PA Eugene, OR Evansville, IN-KY Fairbanks, AK Fargo, ND-MN Farmington, NM Fayetteville, NC Fayetteville-Springdale-Rogers, AR-MO Flagstaff, AZ Flint, MI Florence, SC Florence-Muscle Shoals, AL Fond du Lac, WI Fort Collins, CO Fort Smith, AR-OK Fort Wayne, IN Fresno, CA Gadsden, AL Gainesville, FL Gainesville, GA Glens Falls, NY Goldsboro, NC Grand Forks, ND-MN Grand Island, NE Grand Junction, CO Grand Rapids-Wyoming, MI Grants Pass, OR Great Falls, MT Greeley, CO Green Bay, WI Greensboro-High Point, NC Greenville, NC Greenville-Anderson-Mauldin, SC Gulfport-Biloxi-Pascagoula, MS Hagerstown-Martinsburg, MD-WV Hammond, LA Hanford-Corcoran, CA Harrisburg-Carlisle, PA Harrisonburg, VA Hartford-West Hartford-East Hartford, CT Hattiesburg, MS Hickory-Lenoir-Morganton, NC Hilton Head Island-Bluffton-Beaufort, SC Homosassa Springs, FL Hot Springs, AR Houma-Thibodaux, LA Houston-The Woodlands-Sugar Land, TX Huntington-Ashland, WV-KY-OH Huntsville, AL Idaho Falls, ID Indianapolis-Carmel-Anderson, IN Iowa City, IA Ithaca, NY Jackson, MI Jackson, MS Jackson, TN Jacksonville, FL Jacksonville, NC Janesville-Beloit, WI Jefferson City, MO Johnson City, TN Johnstown, PA Jonesboro, AR Joplin, MO Kahului-Wailuku-Lahaina, HI Kalamazoo-Portage, MI Kankakee, IL Kansas City, MO-KS Kennewick-Richland, WA Killeen-Temple, TX Kingsport-Bristol-Bristol, TN-VA Kingston, NY Knoxville, TN Kokomo, IN La Crosse-Onalaska, WI-MN Lafayette, LA Lafayette-West Lafayette, IN Lake Charles, LA Lake Havasu City-Kingman, AZ Lakeland-Winter Haven, FL Lancaster, PA Lansing-East Lansing, MI

Laredo, TX Las Cruces, NM Las Vegas-Henderson-Paradise, NV Lawrence, KS Lawton, OK Lebanon, PA Lewiston, ID-WA Lewiston-Auburn, ME Lexington-Fayette, KY Lima, OH Lincoln, NE Little Rock-North Little Rock-Conway, AR Logan, UT-ID Longview, TX Longview, WA Los Angeles-Long Beach-Anaheim, CA Louisville/Jefferson County, KY-IN Lubbock, TX Lynchburg, VA Madera, CA Madison, WI Manchester-Nashua, NH Manhattan, KS Mankato-North Mankato, MN Mansfield, OH McAllen-Edinburg-Mission, TX Medford, OR Memphis, TN-MS-AR Merced, CA Miami-Fort Lauderdale-West Palm Beach, FL Michigan City-La Porte, IN Midland, MI Midland, TX Milwaukee-Waukesha-West Allis, WI Minneapolis-St. Paul-Bloomington, MN-WI Missoula, MT Mobile, AL Modesto, CA Monroe, LA Monroe, MI Montgomery, AL Morgantown, WV Morristown, TN Mount Vernon-Anacortes, WA Muncie, IN Muskegon, MI Myrtle Beach-Conway-North Myrtle Beach, SC-NC Napa, CA Naples-Immokalee-Marco Island, FL Nashville-Davidson–Murfreesboro–Franklin, TN New Bern, NC New Haven-Milford, CT New Orleans-Metairie, LA New York-Newark-Jersey City, NY-NJ-PA Niles-Benton Harbor, MI North Port-Sarasota-Bradenton, FL Norwich-New London, CT Ocala, FL Ocean City, NJ Odessa, TX Ogden-Clearfield, UT Oklahoma City, OK Olympia-Tumwater, WA Omaha-Council Bluffs, NE-IA Orlando-Kissimmee-Sanford, FL Oshkosh-Neenah, WI Owensboro, KY Oxnard-Thousand Oaks-Ventura, CA Palm Bay-Melbourne-Titusville, FL Panama City, FL Pensacola-Ferry Pass-Brent, FL Peoria, IL Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Phoenix-Mesa-Scottsdale, AZ Pittsburgh, PA Pittsfield, MA Pocatello, ID Portland-South Portland, ME Portland-Vancouver-Hillsboro, OR-WA Port St. Lucie, FL Prescott, AZ Providence-Warwick, RI-MA Provo-Orem, UT Pueblo, CO Punta Gorda, FL Racine, WI Raleigh, NC Rapid City, SD Reading, PA Redding, CA Reno, NV

Richmond, VA Riverside-San Bernardino-Ontario, CA Roanoke, VA Rochester, MN Rochester, NY Rockford, IL Rome, GA Sacramento–Roseville–Arden-Arcade, CA Saginaw, MI St. Cloud, MN St. George, UT St. Louis, MO-IL Salem, OR Salinas, CA Salisbury, MD-DE Salt Lake City, UT San Angelo, TX San Antonio-New Braunfels, TX San Diego-Carlsbad, CA San Francisco-Oakland-Hayward, CA San Jose-Sunnyvale-Santa Clara, CA San Luis Obispo-Paso Robles-Arroyo Grande, CA Santa Cruz-Watsonville, CA Santa Fe, NM Santa Maria-Santa Barbara, CA Santa Rosa, CA Savannah, GA Scranton–Wilkes-Barre–Hazleton, PA Seattle-Tacoma-Bellevue, WA Sebastian-Vero Beach, FL Sebring, FL Sheboygan, WI Sherman-Denison, TX Shreveport-Bossier City, LA Sierra Vista-Douglas, AZ Sioux City, IA-NE-SD Sioux Falls, SD South Bend-Mishawaka, IN-MI Spartanburg, SC Spokane-Spokane Valley, WA Springfield, IL Springfield, MA Springfield, MO Springfield, OH State College, PA Stockton-Lodi, CA Sumter, SC Syracuse, NY Tallahassee, FL Tampa-St. Petersburg-Clearwater, FL Terre Haute, IN Texarkana, TX-AR The Villages, FL Toledo, OH Topeka, KS Trenton, NJ Tucson, AZ Tulsa, OK Tuscaloosa, AL Tyler, TX Urban Honolulu, HI Utica-Rome, NY Valdosta, GA Vallejo-Fairfield, CA Victoria, TX Vineland-Bridgeton, NJ Virginia Beach-Norfolk-Newport News, VA-NC Visalia-Porterville, CA Waco, TX Walla Walla, WA Warner Robins, GA Washington-Arlington-Alexandria, DC-VA-MD-WV Waterloo-Cedar Falls, IA Watertown-Fort Drum, NY Wausau, WI Wenatchee, WA Wheeling, WV-OH Wichita, KS Wichita Falls, TX Williamsport, PA Wilmington, NC Winchester, VA-WV Winston-Salem, NC Worcester, MA-CT Yakima, WA York-Hanover, PA Youngstown-Warren-Boardman, OH-PA Yuba City, CA Yuma, AZ

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Travel Agencies in the US - Market Size

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Global Travel Agencies Market by Type (International and Domestic Airline Bookings, Tour and Packaged Travel Bookings, Accommodation Bookings, Cruise Bookings, Car Rental, Others), By Application (Corporations, Individual Travelers) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Travel Agencies Market by Type (International and Domestic Airline Bookings, Tour and Packaged Travel Bookings, Accommodation Bookings, Cruise Bookings, Car Rental, Others), By Application (Corporations, Individual Travelers) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

  • Table of Content
  • Free Sample

Market Overview:

The global travel agencies market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for leisure travel, rising disposable income, and growing tourism industry. In terms of type, the airline bookings segment is expected to hold the largest share in the global travel agencies market during the forecast period. This can be attributed to increased air traffic and rising demand for air travel from consumers across regions. In terms of application, individual travelers are expected to account for a larger share in the global market as compared to corporations during the forecast period.

Product Definition:

A travel agency is a business that helps people plan and book trips. They can help with everything from finding flights and hotels to arranging tours and activities.

International and Domestic Airline Bookings:

International and domestic airline bookings are the confirmations of passenger and freight booking for transportation from origin to destination by an airline company. The major functions performed by the international and domestic airline booking software include inventory management, customer relationship management, order processing, sales support automation among others.

Tour and Packaged Travel Bookings:

Tour and packaged travel bookings is the part of the overall online travel booking industry. It includes all the activities related to selling, buying and managing trips in an organized way using a computerized database. The major functions involved in tour & packaged travel bookings include customer services, sales management, marketing research & analytics and financial management among others.

Application Insights:

The market is segmented by application into corporate travel, individual travel and others. The corporate travel segment accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to growing business enterprises across all major economies of the world coupled with an increase in cross-border trade activities resulting in a rise in demand for international transport agents.

The individual travel segment is anticipated to register significant growth over the forecast period owing to increasing number of leisure travelers from developing countries such as China, India, Brazil and Mexico who prefer affordable domestic airfares along with package deals including hotel reservations and car rentals that are available at significantly lower prices compared to those offered by traditional tour operators or cruise companies. Moreover, technological advancements have made it easier for individuals traveling on a budget (i.e.

Regional Analysis:

North America dominated the global market in 2017. The growth of the regional market can be attributed to several factors such as increasing number of corporate travelers, rising tourism activities, and growing online travel marketplace companies. Moreover, presence of major players in this region is also expected to drive the growth over next eight years.

Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing disposable income and improved standard of living resulting into increased demand for international travel among individuals as well as corporate entities. Furthermore, rapid development along with improving infrastructure facilities will boost industry expansion across this region during same period due to rise in awareness regarding various modes of transport services available globally thereby driving overall revenue share across all segments including domestic airlines booking service providers; tour operators; accommodation reservation; car rental agencies etc.;)         â€˜8' (2030).

Growth Factors:

  • Increasing disposable income of people
  • Rising demand for leisure travel
  • Proliferation of online booking platforms
  • Growing popularity of experiential travel
  • Expansion of global tourism industry

Scope Of The Report

Global travel agencies market report segments:.

The global Travel Agencies market is segmented on the basis of:

International and Domestic Airline Bookings, Tour and Packaged Travel Bookings, Accommodation Bookings, Cruise Bookings, Car Rental, Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Corporations, Individual Travelers

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  • Asia World Enterprise
  • Carlson Wagonlit Travel
  • Central America Travel Services
  • Regency Travel & Tours
  • Adelman Travel Group
  • AdTrav Travel Management
  • Atlas Travel International
  • Balboa Travel Management
  • Cain Travel
  • Frosch International Travel
  • Global Crew Logistics
  • Kintetsu International Express
  • Montrose Travel
  • Omega World Travel
  • Ovation Travel Group
  • Thomas Cook
  • Travel and Transport
  • Travelocity
  • TravelStore
  • TripAdvisor
  • Uniglobe Travel International
  • World Direct Travel

Highlights of The Travel Agencies Market Report:

  • The market structure and projections for the coming years.
  • Drivers, restraints, opportunities, and current trends of market.
  • Historical data and forecast.
  • Estimations for the forecast period 2030.
  • Developments and trends in the market.

International and Domestic Airline Bookings

Tour and packaged travel bookings, accommodation bookings, cruise bookings.

  • By Application:

Corporations

Individual travelers.

  • Market scenario by region, sub-region, and country.
  • Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  • Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  • Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Travel Agencies Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

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Frequently Asked Questions?

A travel agency is a business that specializes in arranging trips for customers. They may offer services such as booking airfare, hotels, and car rentals; providing information about destinations; or helping to plan the trip.

Some of the major companies in the travel agencies market are Asia World Enterprise, Carlson Wagonlit Travel, Central America Travel Services, Regency Travel & Tours, Adelman Travel Group, AdTrav Travel Management, Atlas Travel International, Balboa Travel Management, Cain Travel, Expedia, Frosch International Travel, Global Crew Logistics, Kintetsu International Express, Montrose Travel, Omega World Travel, Ovation Travel Group, Thomas Cook, Travel and Transport, Travelocity, Travelong, TravelStore, TripAdvisor, Uniglobe Travel International, World Direct Travel.

The travel agencies market is expected to register a CAGR of 5.8%.

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travel agency industry analysis

Online Travel Agency Market

  • Information Technology
  • online travel agency market

Global Online Travel Agency Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

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Online Travel Agency Market is anticipated to reach USD 911.45 Million by 2031 up from USD 463.29 Million in 2022. The market is growing at a CAGR of 16.98% from 2023-2031.

The online travel agency market has huge potential to grow in the upcoming years with a substantial growth rate. The market growth is supported by various factors such as rising internet penetration in the tourism sector, availability of secure transactions by OTA’s, rising disposable income, increasing promotional activities for tourism. Over the past few years, online travel bookings have gone through several changes owing to technological advancement.

Rising internet usage in tourism and user-friendly applications for smartphones has made the booking process easier. This is estimated to drive the market at a considerable rate in the forecast period. Major online travel agencies are spending a huge amount to promote travel. For instance, Booking.com and Expedia Inc. spent around US$5 billion each in the year 2020 to promote tourism and to gain customer attraction. Rising promotional activities have influenced customers to travel more and thus propelling the market significantly. OTA is also providing customized plans according to customer interest in travel and accommodation for a better travel experience. 

Tourism is one of the major industries affected by COVID-19 due to global lockdown and home quarantine. The COVID-19 pandemic has put the tourism industry under tremendous pressure. However, government initiatives to promote the tourism sector after COVID -19 have played a major role to support the online travel agency market globally. For instance, In the 2020-2021 budget, the Government of India has allotted US$ 171 Million and US$ 30 Million under Swadesh Darshan Scheme and Prashad Scheme respectively to promote tourism in India. Europe commission has also adopted comprehensive packages in May 2020 to resume transportation and tourism safely. 

Segmentation Overview of Online Travel Agency Market (OTA)

The online travel agency market has been segmented based on the business model, platform, product type, customer segment, and region. These major segments are further categorized into sub-segments to study the market in detail.

  • Mega Online Travel Retailers
  • Digital Tour Operators
  • Mobile Travel Retailers
  • Travel Marketplaces
  • Packages (End-to-end)
  • Documentation
  • Personal (Individuals, groups, families)
  • Students/ Professionals
  • North America
  • Asia Pacific
  • Middle East and Africa
  • Rest of the world

Regional Analysis

Geographically, The online travel agency market has been divided into North America, Asia Pacific, Europe, Middle East and Africa, and the rest of the world. As per the studies, Europe is accounted for the highest market share owing to various reasons such as high disposable income and the growing tourism sector. Tourism is the major economic growth sector in Europe which is propelling the online travel agency market in Europe region significantly. North America is the second-largest market shareholder for the online travel agency (OTA) market. However, Asia Pacific region is expected to grow with the highest CAGR of 15.8% in the forecast period owing to the rising use of online travel service applications for mobiles/smartphones. 

Key Players

The major players in the market are Expedia Inc., Booking Holdings Inc., Ctrip.com International Ltd, Trivago, Tripadvisor, Makemytrip Pvt. Ltd, Thomas Cook Group PLC among others. To sustain the competitive environment, various online travel agencies are collaborating with hotel groups and transportation companies to provide affordable services to the customers. For instance, in 2018, Cleartrip acquired Flyin to gain a competitive edge and increase its customer base in the Middle East and Africa region. 

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Online Travel Agencies Market

Exploring the Online Travel Agencies Market: A Comprehensive Examination by Transportation, Vacation Packages, Accommodation

Transforming the Travel Landscape- Exploring the Expanding Online Travel Agencies Market and the Influence of Artificial Intelligence on Personalized Travel Experiences. Find more with FMI

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Online Travel Agencies Market Outlook (2023 to 2033)

As per newly released data by Future Market Insights (FMI), the online travel agencies market is estimated at US$ 465.1 million in 2023 and is projected to reach US$ 1,694.2 million by 2033, at a CAGR of 13.8% from 2023 to 2033.

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Revenue of Online Travel Agencies from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033

As per the FMI analysis, the market for online travel agencies secured a 6.70% CAGR from 2018 to 2022, touching US$ 355.4 million in 2022.

The technological development in the tourism industry has digitalized the entire process of travel bookings. Nowadays traveler makes more use of online services for travel booking as they feel it is a convenient and hassle-free process.

The online process has led to the growth of the tourism and hospitality industry. Therefore, online travel agencies play a significant role in the tourism industry.

Online travel agencies comprise various travel bookings, hotel bookings, transportation service bookings, and many more.

Online travel agencies serve the purpose of selling travel services on online platforms. In the last few years, there is a significant rise in the growth of online travel agencies. The growth has helped to revolutionize the tourism industry.

The above-mentioned factors augur well for the online travel agencies market future trends, where it is predicted that the market likely reaches US$ 1,694.2 million by 2033 at 13.8% CAGR through 2033.

What are the Features and Convenience of Use that Drive the Demand for the Online Travel Agencies?

  • Online travel agencies offer a range of services either directly from their own companies or act as intermediaries between travel and booking agencies and end users.
  • The main purpose of online travel agencies is to provide booking services online, covering everything from selecting a service to the point of sale on the Internet.
  • Online portals offered by these agencies provide various services including price comparison, cost estimation, accommodation options, destination information, transportation modes, and even tour packages.
  • The convenience, speed, and ease of booking provided by online travel services attract travelers, offering a convenient and efficient way to plan their trips.
  • By utilizing online travel services, travelers can save both time and money, making it an appealing option for those seeking efficient and cost-effective travel arrangements.

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What is Fostering the Expansion of the Market Size: The Rise in Disposable Income and New Development Initiatives?

  • Increasing disposable income among individuals has played a significant role in driving the demand for online travel agencies, as people now have more financial resources to explore and travel to various destinations worldwide.
  • Online travel agencies have successfully established a global reach, expanding their services and operations across different regions and countries, catering to the diverse travel needs and preferences of customers.
  • To meet the evolving demands of the market, online travel agencies continuously adopt new strategies and upgrade their technologies, ensuring enhanced service offerings and improved customer experiences.
  • The inclusion of travel insurance and baggage insurance by online travel agencies provides an added layer of security and peace of mind for travelers, contributing to the overall convenience and reliability of their services.
  • Transparency throughout the booking process is a key focus for online travel agencies, ensuring customers have access to comprehensive information and pricing details, fostering trust and confidence in their decision-making.
  • The initiatives taken by online travel agencies, such as integrating advanced technologies and providing comprehensive travel solutions, have successfully attracted the new generation of tech-savvy travelers, generating a strong demand in the market.
  • Despite the challenges faced during the pandemic, the online travel agencies market remains resilient and continues to evolve, adapting to changing customer expectations and emerging market trends.

What Impact Does the Increasing Number of Solo Travelers Have on the Growth of the Online Travel Agencies Industry?

  • There has been a significant increase in the number of solo travelers in recent years, driven by specific reasons such as leisure, recreation, and engaging in activities like water sports, hiking, riding, skiing, and more.
  • The influence of social media has played a major role in attracting a wide audience to explore different regions, leading to a rise in online travel agencies' booking transactions.
  • Online travel agencies offer comprehensive tour plans, including vacation packages, and assist solo travelers in making travel, food, and accommodation arrangements through convenient platforms such as phones or other devices.
  • This convenience and affordability make online travel agencies a preferred choice for solo travelers, who may lack extensive knowledge or prefer cost-effective options.
  • In recent years, online travel agencies have surpassed offline tour operators and travel agents in terms of popularity and usage among solo travelers.

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Country-wise Insights

What is the growth outlook for the europe online travel agencies industry.

The growth outlook for the Europe online travel agencies industry is positive, with a value share of 22.30% in 2022. The industry is expected to continue growing steadily, supported by various factors such as increasing online travel bookings, technological advancements, and evolving customer preferences.

The CAGR of the United Kingdom at 5.00% from 2023 to 2033 indicates a promising growth trajectory for the market. The rising adoption of online platforms for travel planning and booking, along with the convenience and extensive range of services offered by online travel agencies, are driving the industry's growth.

The industry is likely to witness further advancements in mobile applications, personalized travel experiences, and innovative marketing strategies, contributing to the expansion of the Europe online travel agencies market in the coming years.

How Online Travel Agencies Market is Progressing in India?

In India online leading companies like Yatra.com, Kesari Tours, Veena World, Make My Trip, others are dominating the tourism industry in India, contributing to the country’s anticipated CAGR of 6.0% from 2023 to 2033.

India attracts many foreigners to discover and explore its culture and diversity. Foreigners find Indian travel agencies more affordable than booking tours from abroad. Hence, they use Indian online travel agencies’ websites for booking accommodation and transportation.

Meanwhile, India being one of the leading countries in the count of internet users, it can be concluded that the vast majority of the population is tech-savvy. Thus, online travel agencies try various marketing tools to connect with travelers and encourage them to avail of their services.

The attractive advertisements, loyalty programs, and offers from leading online travel agencies have influenced the domestic market. Therefore, the known online agencies have gained the trust of domestic travelers of the country over the years.

What are the Factors Driving the Online Travel Agencies Industry in the United States of America?

As per the FMI analysis, the market for online travel agencies in the United States was predicted to garner a value share of 5.50% in 2022.

United States is one of the major markets of tourism with millions of travelers visiting every year. Domestic travelers in the United States of America use online travel agencies’ websites and applications extensively.

Apart from this, the airline service is availed by United States citizens majorly. Therefore, there is a high demand for travelers using online travel agencies’ websites for airline travel booking.

With the high standard of living and high disposable income due to the high value of currency travelers are ready to spend a high amount of money on traveling and exploring new adventures. Thus, there is a high demand from travelers for luxury tourism, adventure sports, and various type of outdoor activities.

Category-wise Insights

Which service type is more preferred by travelers in online travel agencies market.

According to the analysis, in terms of service type the transportation service is widely preferred by travelers with the sub-segment holding a 22.0% value share in 2022.

Transportation services generate a high demand for their services. Few the transport services such as car rentals or bus travel agencies are in heavy demand as they are the part of daily mode of transport for many travelers.

Apart from this the attractive offers and schemes from the transportation services attract travelers to use these online services more often. Lastly, the transportation services are having a wide coverage of travelers as compared to the tour/vacation packages or accommodations as they generate demand only when there is a need.

How is the Competitive Landscape in the Market for Online Travel Agencies?

Leading players operating globally in the market are focusing on the expansion of their business. Also working on their service and creating advanced technology to attract new customers.

The competitive landscape in the market for online travel agencies is intense and dynamic. Numerous players, ranging from established companies to emerging startups, compete for market share.

Key industry players strive to differentiate themselves by offering unique features, enhanced user experiences, and a wide range of travel services.

They invest in advanced technologies, such as artificial intelligence and machine learning, to provide personalized recommendations and streamline booking processes. Additionally, partnerships with airlines, hotels, and other travel service providers are crucial to expand their offerings and provide competitive pricing.

Continuous innovation, customer-centric strategies, and effective marketing campaigns are vital for online travel agencies to gain a competitive edge in this rapidly evolving market.

Key Players

  • Expedia Group Inc.
  • Booking Holding Inc.
  • Trip Advisor Inc.
  • MakeMyTrip Pvt. Limited
  • Hostelworld Group PLC (HSW)
  • Trivago N.V
  • Thomas Cook India Ltd.
  • Lastminute.com Group
  • Orbitz Worldwide
  • Walt Disney World

For instance:

  • In the year 2018, Booking.com announced a new product version of the booking.com application and website at Vacation Rental Management Association (VRMA). The new product features allow users to select the product of a partner’s brand beyond booking.com own products. Also, they introduced group connect, guest management, and enhance connectivity features in their new application.
  • Recently in 2022, Expedia Group announced an Open World Technology platform. The technology is developed for partner agencies. The platform has a complete e-commerce suit, with various blocks like payments, chatbot, services, and fraud detection, and is perfect for the agency planning to enter the newly in online travel business.

Segmentation Analysis

By service type:.

  • Transportation
  • Vacation Packages
  • Accommodation

By Device Platform:

By payment modes:.

  • Debit / Credit Card
  • Others (Vouchers, Discount Codes)

By Booking Type:

  • Online Travel Agents
  • Direct Travel Agents

By Customer Segment:

  • Corporate Traveller
  • Individual Traveller

By Age Group:

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

Frequently Asked Questions

How is the historical performance of the market.

During 2018 to 2022, the market grew at a 6.70% CAGR.

Who are the Key Market Players of this market?

Airbnb, Trip Advisor Inc., and Trivago N.V. are key market players.

What factors contribute to the attraction of this market in Europe?

Increasing online travel bookings raises the market.

How Big is this market?

This market is valued at US$ 465.1 million in 2023.

How Big will be this Market by 2033?

This market is estimated to reach US$ 1,694.2 million by 2033.

Table of Content

List of tables, list of charts.

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The swot of a travel agency (with examples).

travel-agency-swot

Get a watermark-free, fully customizable SWOT analysis in our business plan for a travel agency

We've drafted tons of business plans for travel agencies and, far too often, business owners neglect to dedicate time and thought to crafting a strategic vision for their new project.

It's mainly because they lack the right tools and frameworks. The SWOT analysis is one of them.

What is it? Should you make a SWOT for your travel agency?

A SWOT analysis is an invaluable tool for travel agencies to navigate the complexities of the tourism industry. It stands for Strengths, Weaknesses, Opportunities, and Threats.

Developed as a framework for strategic planning, SWOT analysis helps businesses like travel agencies to dissect their internal dynamics and the external environment. The travel industry, with its ever-changing trends and customer preferences, makes this tool particularly relevant.

If you're running or considering starting a travel agency , a SWOT analysis is a crucial step. It enables you to pinpoint what you excel at (strengths), areas needing improvement (weaknesses), potential avenues for growth (opportunities), and external challenges (threats).

For example, your travel agency's strengths might include specialized travel packages or excellent customer service, while weaknesses might be a limited online presence or dependency on seasonal tourism. Opportunities could emerge from trends like eco-tourism or wellness travel, whereas threats might include economic downturns or travel restrictions.

Travel agency owners often undertake a SWOT analysis when launching new services, responding to market shifts, or facing operational hurdles. It provides a structured way to assess both the business and the broader travel landscape.

Understanding these four aspects can lead to better strategic decisions, helping prioritize efforts and develop plans that leverage your strengths and mitigate your weaknesses.

For anyone embarking on a new travel agency venture, a SWOT analysis is not just beneficial; it's a strategic necessity. It assists in recognizing your agency's unique selling points, areas requiring more investment or improvement, and external factors to watch out for.

While a SWOT analysis doesn't assure success, it dramatically increases your chances by offering a clear, strategic direction for your travel agency.

business plan travel agency and tour operator

How do you write a SWOT analysis for your travel agency?

Filling out a SWOT analysis for your travel agency can seem daunting, particularly when you're attempting to foresee potential strengths, weaknesses, opportunities, and threats in the dynamic travel industry.

Engaging in comprehensive market research and perusing travel industry reports is crucial. These resources offer valuable insights into travel trends, customer preferences, and competitive dynamics.

Interacting with other travel agency owners or travel experts is also advantageous. Their practical experiences and insights can provide perspectives that are not always evident in industry reports.

Remember, the essence of a SWOT analysis is not to predict the future with absolute certainty but to equip you with a strategic approach to face it.

Reflect on the unique elements your travel agency brings to the industry.

Perhaps you specialize in exotic destinations that are not mainstream, or you have strong partnerships with reputable travel providers. Your strength might be in an experienced team with deep knowledge of travel planning, or you may offer innovative travel packages that stand out in the market.

These are internal factors that can set your travel agency apart from others.

Identifying weaknesses demands honesty and introspection.

You might face limitations in marketing budgets, affecting your ability to reach a broader audience. Lack of experience in certain types of travel, high competition in your chosen niche, or dependency on a specific market segment could be potential weaknesses.

These areas may require strategic planning, additional resources, or diversification of your services.

Opportunities

Opportunities are external elements that your travel agency can capitalize on.

For example, a rising trend in eco-tourism or adventure travel could be an opportunity. Collaborating with local businesses for travel packages, or exploiting a gap in the market, like offering unique cultural experiences, can be advantageous. Additionally, technological advancements in booking systems or virtual travel experiences could open new avenues for your business.

Threats are external challenges that could impact your travel agency.

These might include changes in travel regulations, economic downturns affecting travel spending, increased competition, especially from online travel platforms, or shifts in travel preferences due to global events like pandemics or climate change.

business plan travel agency

Examples of Strengths, Weaknesses, Opportunities and Threats for the SWOT of a travel agency

These strengths and opportunities can be leveraged to improve the profitability of your travel agency .

More SWOT analysis examples for a travel agency

If you're creating your own SWOT analysis, these examples should be useful. For more in-depth information, you can access and download our business plan for a travel agency .

A SWOT Analysis for a Luxury Travel Agency

A luxury travel agency specializes in providing exclusive, personalized travel experiences. Its strengths include access to high-end accommodations and unique, once-in-a-lifetime activities. The agency benefits from a knowledgeable team that offers expert advice and tailors travel plans to individual preferences. Strong relationships with premium service providers ensure a high level of quality and exclusivity in its offerings.

One weakness may be the high cost of luxury travel, which can limit the agency's client base to a relatively affluent demographic. Dependence on a small, high-income market segment makes the business vulnerable to economic fluctuations. Additionally, the complexity of organizing bespoke travel experiences can be labor-intensive and time-consuming.

Expanding into emerging luxury markets, such as eco-tourism or wellness retreats, can attract new clients. Collaborating with influencers in the luxury travel sphere can enhance brand visibility. Leveraging technology to provide virtual tours or augmented reality experiences can enhance the planning process and attract tech-savvy travelers.

Economic downturns can significantly impact the luxury travel market. Competition from online travel platforms offering luxury experiences at competitive prices is a growing threat. Additionally, global events such as pandemics or political instability in popular destinations can disrupt travel plans and affect business.

A SWOT Analysis for an Adventure Travel Agency

An adventure travel agency stands out with its wide array of adrenaline-pumping activities like hiking, diving, and mountain climbing. Its strengths include expert guides, access to remote and exotic locations, and tailored adventure packages. The agency's focus on sustainable tourism practices appeals to environmentally conscious travelers.

The niche nature of adventure travel limits its appeal to a specific client base, primarily younger and physically active individuals. The risks associated with adventure activities require comprehensive safety measures and insurance, adding to operational costs. Seasonal variations in weather can impact the availability of certain activities.

Developing partnerships with local communities can create unique, authentic experiences and foster sustainable tourism. Expanding the range of activities to include less intense options can attract a broader audience. Utilizing social media to showcase thrilling travel experiences can increase brand visibility and appeal to younger demographics.

Changes in environmental conditions and natural disasters can disrupt travel plans and destinations. The rise of DIY adventure planning through online resources is a competitive challenge. Additionally, fluctuations in travel regulations and global health concerns can significantly impact the adventure travel sector.

A SWOT Analysis for a Budget Travel Agency

A budget travel agency's primary strength lies in its affordability, appealing to cost-conscious travelers. It offers a variety of budget-friendly packages, including low-cost flights, accommodations, and tours. The agency benefits from strong negotiation skills to secure deals and discounts for its clients.

The focus on low-cost options may limit the quality of travel experiences offered. The agency faces intense competition from online booking platforms and other budget travel agencies. Limited profit margins on budget travel packages can challenge the financial sustainability of the business.

Expanding services to include budget-friendly, off-the-beaten-path destinations can attract travelers looking for unique experiences. Collaborating with budget airlines and hostels for exclusive deals can enhance package attractiveness. Embracing digital marketing and online booking platforms can streamline operations and reach a wider audience.

Economic downturns can lead to reduced travel spending, even among budget-conscious travelers. The rapid change in travel trends and consumer preferences requires constant adaptation. Competition from self-booking options and travel apps offering low-cost solutions is significant.

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Moscow - Comprehensive Overview of the City, PEST Analysis and Analysis of Key Industries including Technology, Tourism and Hospitality, Construction and Retail

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Moscow - Comprehensive Overview of the City, PEST Analysis and Analysis of Key Industries including Technology, Tourism and Hospitality, Construction and Retail report is published on May 7, 2021 and has 35 pages in it. This market research report provides information about Country PESTEL Analysis, Business & Government industry. It covers Russian Federation market data and forecasts. It is priced starting at USD 250.00 for Single User License (PDF) which allows one person to use this report.

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Moscow is the capital of the country and is the most populous city in Russia. The city has a significant economic and financial influence, accounting for a major of national GDP. Improvements in professional / business services and real estate are expected to be major drivers of growth.

The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.

- The service sector remains the key contributor to the regional economy - and the major employer. - Moscow is a key tourist destination for both domestic and international tourists and witnessed a significant growth over the past two years. Strong performance is observed in the construction sector with increasing employment, number of building permits issued and building completions.

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Table of Contents City Snapshot PEST Analysis Political Economic Social Technology and Infrastructure Communications Internal Transport Networks Connectivity Airports Ports Business Environment Analysis Travel and Tourism Tourism Flows Hotels Attractions Events Construction and Real Estate Investment Real Estate Market Retail Retail Market Consumption, Income and Prices Appendix Sources Further Reading Ask the Analyst About MarketLine Disclaimer

List of Tables List of Tables Table 1: Moscow metropolitan area - key facts (estimates), 2020 Table 2: Moscow metropolitan area - real GDP and real GDP growth, 2000-25 Table 3: Moscow metropolitan area - economic growth comparison (Index 2010=100), 2000-25 Table 4: Moscow metropolitan area - GDP per capita comparison, 2000-25 (US$) Table 5: Moscow metropolitan area - employment structure, 2000-25 (% of total) Table 6: Moscow metropolitan area - main universities, 2020 Table 7: Moscow metropolitan area - population comparison, 2000-25 (million) Table 8: Moscow metropolitan area - population by age, 2000-25 (% of total) Table 9: Moscow city - mass transit network indicators, 2020 Table 10: Moscow metropolitan area - Sheremetyevo Alexander S. Pushkin International Airport, key indicators, 2018-20 Table 11: Moscow metropolitan area - Domodedovo Mikhail Lomonosov International Airport, key indicators, 2019-20 Table 12: Moscow metropolitan area - Vnukovo Andrei Tupolev International Airport, key indicators, 2018-20 Table 13: Moscow metropolitan area - Fortune Global 500 companies, HQ in City, 2020 Table 14: Moscow city - office rents, Q4 2020 Table 15: Moscow city - hotel KPIs, 2018-20 Table 16: Moscow city - UNESCO World Heritage Sites Table 17: Moscow metropolitan area - MICE and other events

List of Figures List of Figures Figure 1: Moscow metropolitan area - real GDP and real GDP growth, 2000-25 Figure 2: Moscow metropolitan area - economic growth comparison (Index 2010=100), 2000-25 Figure 3: Moscow metropolitan area - GDP per capita comparison, 2000-25 Figure 4: Moscow metropolitan area - employment structure, 2000-25 (% of total) Figure 5: Moscow metropolitan area - population comparison, 2000-25 Figure 6: Moscow metropolitan area - population by age, 2000-25 (% of total)

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Online travel market - statistics & facts

How big is the online travel market, what are the leading online travel agencies (otas), what travel products do consumers book online, key insights.

Detailed statistics

Online travel market size worldwide 2017-2028

Distribution of sales channels in the travel and tourism market worldwide 2018-2028

Most popular travel and tourism websites worldwide 2024

Editor’s Picks Current statistics on this topic

Current statistics on this topic.

Online Travel Market

Market cap of leading online travel companies worldwide 2023

Related topics

Online travel trends.

  • Artificial intelligence (AI) use in travel and tourism
  • Mobile travel trends
  • Digitalization of the travel industry
  • Impact of technology on travel and tourism

Online travel companies

  • Booking Holdings Inc.
  • Expedia Group, Inc.

Trip.com Group

Tripadvisor, travel and tourism worldwide.

  • Tourism worldwide
  • Travel agency industry
  • Hotel industry worldwide
  • Cruise industry worldwide

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Industry overview.

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Market size of the tourism sector worldwide 2011-2024

Market size of the tourism sector worldwide from 2011 to 2023, with a forecast for 2024 (in trillion U.S. dollars)

Travel and tourism revenue worldwide 2019-2028, by segment

Revenue of the global travel and tourism market from 2019 to 2028, by segment (in billion U.S. dollars)

Revenue share of sales channels of the travel and tourism market worldwide from 2018 to 2028

Online travel market size worldwide from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars)

Revenue of the travel apps industry worldwide 2017-2027

Revenue of the travel apps market worldwide from 2017 to 2027 (in billion U.S. dollars)

Forecast EV/Revenue ratio in the online travel market 2024, by segment

Forecast enterprise value to revenue (EV/Revenue) ratio in the online travel market worldwide in 2024, by segment

Forecast EV/EBITDA ratio in the online travel market 2024, by segment

Forecast enterprise value to EBITDA (EV/EBITDA) ratio in the online travel market worldwide in 2024, by segment

Online bookings

  • Premium Statistic Travel product online bookings in the U.S. 2023
  • Premium Statistic Travel product online bookings in Canada 2023
  • Premium Statistic Travel product online bookings in the UK 2023
  • Premium Statistic Travel product online bookings in China 2023
  • Premium Statistic Travel product online bookings in India 2023
  • Premium Statistic Importance to book a trip fully online among travelers worldwide 2023, by generation

Travel product online bookings in the U.S. 2023

Travel product online bookings in the U.S. as of December 2023

Travel product online bookings in Canada 2023

Travel product online bookings in Canada as of December 2023

Travel product online bookings in the UK 2023

Travel product online bookings in the UK as of December 2023

Travel product online bookings in China 2023

Travel product online bookings in China as of December 2023

Travel product online bookings in India 2023

Travel product online bookings in India as of December 2023

Importance to book a trip fully online among travelers worldwide 2023, by generation

Share of travelers who think it is important to be able to book their trip entirely online worldwide as of July 2023, by generation

Market leaders

  • Premium Statistic Revenue of leading OTAs worldwide 2019-2022
  • Premium Statistic Marketing expenses of leading OTAs worldwide 2019-2022
  • Premium Statistic Marketing/revenue ratio of leading OTAs worldwide 2019-2022
  • Premium Statistic Number of employees at leading travel companies worldwide 2022
  • Basic Statistic Market cap of leading online travel companies worldwide 2023
  • Premium Statistic Number of aggregated downloads of leading online travel agency apps worldwide 2023
  • Premium Statistic Most popular travel and tourism websites worldwide 2024

Revenue of leading OTAs worldwide 2019-2022

Leading online travel agencies (OTAs) worldwide from 2019 to 2022, by revenue (in million U.S. dollars)

Marketing expenses of leading OTAs worldwide 2019-2022

Marketing expenses of leading online travel agencies (OTAs) worldwide from 2019 to 2022 (in million U.S. dollars)

Marketing/revenue ratio of leading OTAs worldwide 2019-2022

Marketing to revenue ratio of leading online travel agencies (OTAs) worldwide from 2019 to 2022

Number of employees at leading travel companies worldwide 2022

Number of employees at selected leading travel companies worldwide in 2022

Market cap of leading online travel companies worldwide as of September 2023 (in million U.S. dollars)

Number of aggregated downloads of leading online travel agency apps worldwide 2023

Number of aggregated downloads of selected leading online travel agency apps worldwide in 2023 (in millions)

Most visited travel and tourism websites worldwide as of April 2024 (in million visits)

Booking Holdings

  • Basic Statistic Revenue of Booking Holdings worldwide 2007-2023
  • Premium Statistic Number of bookings through Booking Holdings worldwide 2010-2023, by segment
  • Premium Statistic Operating income of Booking Holdings worldwide 2007-2023
  • Premium Statistic Net income of Booking Holdings worldwide 2007-2023

Revenue of Booking Holdings worldwide 2007-2023

Revenue of Booking Holdings worldwide from 2007 to 2023 (in billion U.S. dollars)

Number of bookings through Booking Holdings worldwide 2010-2023, by segment

Number of bookings through Booking Holdings worldwide from 2010 to 2023, by business segment (in millions)

Operating income of Booking Holdings worldwide 2007-2023

Operating income of Booking Holdings worldwide from 2007 to 2023 (in billion U.S. dollars)

Net income of Booking Holdings worldwide 2007-2023

Net income of Booking Holdings worldwide from 2007 to 2023 (in billion U.S. dollars)

Expedia Group

  • Premium Statistic Revenue of Expedia Group, Inc. worldwide 2007-2023
  • Premium Statistic Revenue of Expedia Group, Inc. worldwide 2017-2023, by business model
  • Premium Statistic Operating income of Expedia Group, Inc. worldwide 2007-2023
  • Premium Statistic Net income of Expedia Group, Inc. worldwide 2007-2023

Revenue of Expedia Group, Inc. worldwide 2007-2023

Revenue of Expedia Group, Inc. worldwide from 2007 to 2023 (in billion U.S. dollars)

Revenue of Expedia Group, Inc. worldwide 2017-2023, by business model

Revenue of Expedia Group, Inc. worldwide from 2017 to 2023, by business model (in million U.S. dollars)

Operating income of Expedia Group, Inc. worldwide 2007-2023

Operating income of Expedia Group, Inc. worldwide from 2007 to 2023 (in million U.S. dollars)

Net income of Expedia Group, Inc. worldwide 2007-2023

Net income of Expedia Group, Inc. worldwide from 2007 to 2023 (in million U.S. dollars)

  • Premium Statistic Airbnb revenue worldwide 2017-2023
  • Premium Statistic Airbnb revenue worldwide 2019-2023, by region
  • Premium Statistic Airbnb operations income worldwide 2017-2023
  • Premium Statistic Airbnb net income worldwide 2017-2023

Airbnb revenue worldwide 2017-2023

Revenue of Airbnb worldwide from 2017 to 2023 (in billion U.S. dollars)

Airbnb revenue worldwide 2019-2023, by region

Revenue of Airbnb worldwide from 2019 to 2023, by region (in billion U.S. dollars)

Airbnb operations income worldwide 2017-2023

Income from operations of Airbnb worldwide from 2017 to 2023 (in million U.S. dollars)

Airbnb net income worldwide 2017-2023

Net income of Airbnb worldwide from 2017 to 2023 (in million U.S. dollars)

  • Premium Statistic Total revenue of Trip.com Group 2012-2022
  • Premium Statistic Revenue of Trip.com 2012-2022, by product
  • Premium Statistic Revenue of Trip.com 2017-2022, by region
  • Premium Statistic Net profit of Trip.com 2012-2022

Total revenue of Trip.com Group 2012-2022

Total revenue of Trip.com Group Ltd. in China from 2012 to 2022 (in billion yuan)

Revenue of Trip.com 2012-2022, by product

Revenue of Trip.com Group Ltd. from 2012 to 2022, by product (in million yuan)

Revenue of Trip.com 2017-2022, by region

Revenue of Trip.com Group Ltd. from 2017 to 2022, by region (in million yuan)

Net profit of Trip.com 2012-2022

Net profit of Trip.com Group Ltd. from 2012 to 2022 (in million yuan)

  • Premium Statistic Revenue of Tripadvisor worldwide 2008-2023
  • Premium Statistic Revenue of Tripadvisor worldwide 2017-2023, by business segment
  • Premium Statistic Revenue of Tripadvisor worldwide 2012-2023, by region
  • Premium Statistic Operating income of Tripadvisor worldwide 2008-2023
  • Premium Statistic Net income of Tripadvisor worldwide 2008-2023

Revenue of Tripadvisor worldwide 2008-2023

Revenue of Tripadvisor, Inc. worldwide from 2008 to 2023 (in million U.S. dollars)

Revenue of Tripadvisor worldwide 2017-2023, by business segment

Revenue of Tripadvisor, Inc. worldwide from 2017 to 2023, by business segment (in million U.S. dollars)

Revenue of Tripadvisor worldwide 2012-2023, by region

Revenue of Tripadvisor, Inc. worldwide from 2012 to 2023, by region (in million U.S. dollars)

Operating income of Tripadvisor worldwide 2008-2023

Operating income of Tripadvisor, Inc. worldwide from 2008 to 2023 (in million U.S. dollars)

Net income of Tripadvisor worldwide 2008-2023

Net income of Tripadvisor, Inc. worldwide from 2008 to 2023 (in million U.S. dollars)

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Business tourist flow from India to Moscow on the rise: Evgeny Kozlov

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Business + Leisure Travel and MICE 2023 opened on 29 th of September with a keynote speech from the Chairman of The Moscow City Tourism Committee, Evgeny Kozlov. In his speech, the Chairman spoke about the potential for MICE and business tourism in Moscow and the growing number of Indian businessmen who are choosing Moscow as their preferred destination for business events.

Evgeny Kozlov highlighted that the number of business tourists is expected to grow in the coming years. One of the factors supporting the growth of interest from Indian businessmen was the launch of electronic visa program. From August 1, 2023, it has become easier for Indian citizens to organize a trip to Moscow – they can come simply by applying for an electronic visa. The validity period of an e-visa is 60 days from the date of its issuance. You can stay with it in Russia for 16 days. An e-visa has several advantages over a traditional visa. To obtain it, you do not need to go to consulates or embassies, and the only documents required are a digital photograph of your face and a scan of the page with your passport data.

“Before the pandemic, the tourist flow from India grew by 12-15 percent annually. Now we are on the road to recovery – all the conditions have been created for this. Every year hundreds of international exhibitions, forums, congresses and conferences are held in Moscow. Over the past year, about 3.5 million people visited the capital for business purposes and a significant share of them are from India” – he said.

Evgeny Kozlov emphasized that Moscow is a growing hub for international business events and Indian businessmen could benefit from attending these events to expand their network and explore potential business opportunities. The Moscow MICE Ambassadors program, which also premiered at the exhibition, aims to promote Moscow as a preferred destination for business tourism, and Indian businessmen who have completed the program can serve as valuable resources for organizing conferences and events in Moscow. Furthermore, Moscow offers a range of world-class facilities and services for business travelers, including conference centers, hotels, transportation, and sightseeing. He also mentioned that Moscow’s rich cultural heritage and vibrant nightlife could provide Indian businessmen with unique experiences that could enhance their overall business trip.

In conclusion, Evgeny Kozlov expressed his optimism for the future of MICE and business tourism in Moscow. Thus, in October 2023, Moscow will host the largest MICE Congress in Russia. Among the participants are 14 countries, including Indians. The event will provide a platform for businesses in the travel and tourism industry to showcase their products and services.

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Moscow - Comprehensive Overview of the City, PEST Analysis and Analysis of Key Industries including Technology, Tourism and Hospitality, Construction and Retail

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Summary “City Profile - Moscow” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Moscow. The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends. Moscow is the capital of the country and is the most populous city in Russia. The city has a significant economic and financial influence, accounting for a major of national GDP. Improvements in professional / business services and real estate are expected to be major drivers of growth. Scope - The service sector acts as key contributor to Moscow metropolitan area’s economy and the major employer. - Moscow is a key tourist destination for both domestic and international tourists and witnessed a significant growth thriving on inbound tourists Reasons to Buy - Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city. - Analyze and understand the business environment in the city to align your investment and expansion strategies. - The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure. - Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.

Table of Contents City Snapshot PEST Analysis Political Economic Social Technology and Infrastructure Communications Internal Transport Networks Connectivity Airports Business Environment Analysis Travel and Tourism Tourism Flows Hotels Attractions Events Construction and Real Estate Investment Real Estate Market Retail Retail Market Consumption, Income and Prices Appendix Sources Further Reading Ask the analyst About MarketLine Disclaimer List of Tables Table 1: Moscow metropolitan area - key facts (estimates), 2019 Table 2: Moscow metropolitan area - real GDP and real GDP growth, 2000-25 Table 3: Moscow metropolitan area - economic growth comparison (Index 2010=100), 2000-25 Table 4: Moscow metropolitan area - GDP per capita comparison, 2000-25 (US$) Table 5: Moscow metropolitan area - employment structure, 2000-25 (% of total) Table 6: Moscow metropolitan area - main university ranking, 2019 Table 7: Moscow metropolitan area - population comparison, 2000-25 (million) Table 8: Moscow metropolitan area - population by age, 2000-25 (% of total) Table 9: Moscow metropolitan area - mass transit network indicators, 2018 Table 10: Moscow international airport - passenger traffic (million) Table 11: Moscow metropolitan area - Fortune Global 500 companies, 2019 Table 12: Moscow city - office rents, Q3, 2019 Table 13: Moscow city - hotel indicators Table 14: Moscow city - UNESCO world heritage sites Table 15: Moscow city - MICE and other events List of Figures Figure 1: Moscow metropolitan area - real GDP and real GDP growth, 2000-25 Figure 2: Moscow metropolitan area - economic growth comparison (Index 2010=100), 2000-25 Figure 3: Moscow metropolitan area - GDP per capita comparison, 2000-25 Figure 4: Moscow metropolitan area - employment structure, 2000-25 (% of total) Figure 5: Moscow metropolitan area - population comparison, 2000-25 Figure 6: Moscow metropolitan area - population by age, 2000-25 (% of total)

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