The Business Research Company’s travel arrangement and reservation services global market report covers the year-on-year growth of the global travel arrangement and reservation services market historic and forecast growth. It also includes chapters on the travel arrangement and reservation services market trends, geographical analysis, and competitive landscape.
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The travel arrangement and reservation services market size is expected to reach a higher value by 2022, growing at a steady CAGR during the forecast period.
Travel Arrangement And Reservation Services Market Trends
The travel arrangement and reservation services market consists of the sales of travel arrangement and reservation services and related goods by entities (organizations, sole traders and partnerships) that provide travel agency services, arrange and assemble tours or provide other travel arrangement and reservation services.
Travel arrangement companies are increasingly using IoT technologies in providing customised options to customers for flight and accommodation bookings. Travel aggregator websites search for the best deals across multiple websites and lists the results on a web page. And most of the airline companies are also using IoT technologies right from locating a traveler in emergency situations to finding a missing passenger who hasn’t board the flight yet. More than 89% airlines are looking forward for immense changes over the next three years with IOT technology in the travel industry.
The global travel arrangement and reservation services market is primarily driven by the growing adoption of technology and online services.
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The global travel arrangement and reservation services market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With the increasing young population and extensive usage of mobile phones, the global travel arrangement and reservation services market is expected to increase in potential and scope. TBRC’s report also covers the travel arrangement and reservation services drivers and restraints in the market.
The global travel arrangement and reservation services market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global travel arrangement and reservation services market report are Carlson Wagonlit Travel, American Express, BCD Travel, Expedia, and Priceline Group.
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