The global travel arrangement and reservation services market is expected to grow at a rate of 18%

Global Travel Arrangement and Reservation Services Market Report by Business Research Company 2022: Market Size, Trends and Forecast to 2026

LONDON, GREATER LONDON, United Kingdom, Aug. 25, 2022 /EINPresswire.com/ — According to The Business Research Company’s “Travel Arrangement And Reservation Services Global Market Report 2022″, the travel arrangement and reservation services market 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% Market growth is primarily driven by companies reorganizing their operations and are recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working, and closure of business activities which resulted in operational challenges.The Organization Services Market travel and booking revenue is expected to reach $630.38 billion in 2026 with a CAGR of 18.3%.

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Key trends in the travel arrangement and reservation services market
Travel agencies and tour operators are increasingly using chatbots to provide personalized travel bookings to customers. A chat bot is an artificial intelligence program that can simulate a conversation with customers through messages or phone calls and perform tasks such as booking tickets and booking hotels. Chatbots are an alternative to mobile apps and websites that provide personalized recommendations and bookings based on travel preferences and travel date.

Travel Arrangement and Reservation Services Market Overview
The travel arrangement and reservation services market includes sales of travel arrangement and reservation services and related goods by entities (organizations, sole proprietorships and partnerships) that provide travel agency services, arrange and assemble tours or provide other travel arrangement and reservation services.

To learn more about the Global Travel Arrangement and Booking Services Market report, visit:
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TBRC Global Travel Arrangement and Booking Services Market Report 2022 covers the following insights:
Market Size Data
• Forecast period: historical and future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.
Market segmentation
• By type: travel agencies, tour operators, convention and visitor bureaus, other travel arrangement and reservation services
• By mode of travel: domestic travel, foreign travel
• By booking method: online, online
• By geography: The global market for travel arrangement and reservation services is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe holds the largest market share.

Major market players such as 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) Company Limited.
Trends, opportunities, strategies and much more.

The Global Travel Arrangement and Reservation Services Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides an overview of the global Travel Arrangement and Reservation Services Market. The market report gives an analysis of the travel arrangement and reservation services industry, the global travel arrangement and reservation services market size, the travel arrangement and reservation services market share and travel arrangement and reservation services market growth drivers, global travel arrangement and reservation services market segments, travel arrangement and travel arrangement services market key players booking, travel arrangement and reservation services market growth across all geographies, and travel arrangement and reservation services market competitors’ revenue and market positioning. The Travel Arrangement and Reservation Services market report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.

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