Global Travel Arrangement and Reservation Services Market Report by Business Research Company 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, Jan. 24, 2022 /EINPresswire.com/ — Travel agencies and tour operators are increasingly using chatbots to provide personalized travel bookings to customers. Travel arrangement and booking services market trends include chatbots, which are an artificial intelligence program capable of simulating conversation with customers through messages or phone calls and performing tasks such as ticket booking and hotel booking. Chatbots are an alternative to mobile apps and websites that provide personalized recommendations and bookings based on travel preferences and travel date. For example, Booking.com allows travelers to book flights and hotels via chatbots on Skype, Facebook Messenger and Slack. Dorothy, DoNotPay, Expedia and Air New Zealand’s Oscar are other such chatbots.
Western Europe was the largest region in the travel arrangement and reservation services market in 2021. Asia-Pacific was the second largest region in the travel arrangement and reservation services market. Regions covered in the Travel Arrangement and Booking Services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America , the Middle East and Africa.
The global travel arrangement and reservation services market size is expected to grow from $266.34 billion in 2021 to $321.88 billion in 2022 at a compound annual growth rate (CAGR) of 20.9%. The growth of the market is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote working and closure of business activities which resulted in operational challenges. The travel arrangement and reservation services industry share is expected to reach $630.38 billion in 2026 at a CAGR of 18.3%.
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Key players covered in the global travel arrangement and booking services industry are BCD Travel, Travel Leaders Group, TUI Group, Booking Holdings, Expedia, CWT, Flight Center Travel Group, TUI Airways, Tripadvisor, Inc. and Shanghai Jin Jiang International Hotels (Group ) Privately Held.
TBRC’s global travel arrangement and reservation services market segments are split by type into travel agencies, tour operators, convention and visitor bureaus, other travel arrangement and reservation services, by mode of travel to domestic travel, travel abroad, by online booking mode, online.
Global Travel Arrangement and Reservation Services Market Report 2022 – By Type (Travel Agencies, Tour Operators, Convention & Visitor Bureaus), By Travel Mode (Domestic Travel, Outbound Travel), By Mode of Booking (Online, Online) – Market Size, Trends, And Global Forecast 2022-2026 is part of a series of new reports by The Business Research Company that provides an overview of the travel arrangement services market and Booking, forecasts Travel Arranging and Booking Services market size and growth for the overall Travel Arranging and Booking Services market segments, geographies, market trends travel arrangement and reservation services, travel arrangement and reservation services market drivers, constraints, revenue, profiles and market shares of key competitors.
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