Global travel market 2024-2028

Description

List of Tables

The travel market is forecasted to grow by USD 5506.7 bn during 2023-2028, accelerating at a CAGR of 18.52% during the forecast period. The report on the travel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing popularity of experiential travel, growth of medical tourism industry, and increasing promotion of tourism by governments.

Technavio's travel market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	15.17%
CAGR	18.52%
Incremental Value	$5506.7bn

By Sector

Transportation
Hotel
Travel activities

By Type

Leisure
Business

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the increasing international tourist footfall as one of the prime reasons driving the travel market growth during the next few years. Also, growing preference for booking through online travel agencies and increasing disposable income of travelers will lead to sizable demand in the market.

The report on the travel market covers the following areas:

Travel market sizing
Travel market forecast
Travel market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading travel market vendors that include Accor S.A., American Express Global Business Travel GBT, Balkan Holidays Ltd., BCD Travel Services BV, Booking Holdings Inc., Carlson Inc., Corporate Travel Management Ltd., Expedia Group Inc., Fareportal Inc., Flight Centre Travel Group Ltd., G Adventures, JPMorgan Chase and Co., JTB Corp., MakeMyTrip Ltd., Marriott International Inc., Omega World Travel Inc., PT Global Digital Niaga, Traveloka, The Scott Travel Group Ltd., Travel Leaders Group Holdings LLC, World Travel Holdings, and World Travel Inc.. Also, the travel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR71431

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Sector
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Travel Market 2018 - 2022
- Historic Market Size - Data Table on Global Travel Market 2018 - 2022 ($ billion)
4.2 Sector segment analysis 2018 - 2022
- Historic Market Size - Sector Segment 2018 - 2022 ($ billion)
4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Sector

6.1 Market segments
- Chart on Sector - Market share 2023-2028 (%)
- Data Table on Sector - Market share 2023-2028 (%)
6.2 Comparison by Sector
- Chart on Comparison by Sector
- Data Table on Comparison by Sector
6.3 Transportation - Market size and forecast 2023-2028
- Chart on Transportation - Market size and forecast 2023-2028 ($ billion)
- Data Table on Transportation - Market size and forecast 2023-2028 ($ billion)
- Chart on Transportation - Year-over-year growth 2023-2028 (%)
- Data Table on Transportation - Year-over-year growth 2023-2028 (%)
6.4 Hotel - Market size and forecast 2023-2028
- Chart on Hotel - Market size and forecast 2023-2028 ($ billion)
- Data Table on Hotel - Market size and forecast 2023-2028 ($ billion)
- Chart on Hotel - Year-over-year growth 2023-2028 (%)
- Data Table on Hotel - Year-over-year growth 2023-2028 (%)
6.5 Travel activities - Market size and forecast 2023-2028
- Chart on Travel activities - Market size and forecast 2023-2028 ($ billion)
- Data Table on Travel activities - Market size and forecast 2023-2028 ($ billion)
- Chart on Travel activities - Year-over-year growth 2023-2028 (%)
- Data Table on Travel activities - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Sector
- Market opportunity by Sector ($ billion)
- Data Table on Market opportunity by Sector ($ billion)

7 Market Segmentation by Type

7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
7.3 Leisure - Market size and forecast 2023-2028
- Chart on Leisure - Market size and forecast 2023-2028 ($ billion)
- Data Table on Leisure - Market size and forecast 2023-2028 ($ billion)
- Chart on Leisure - Year-over-year growth 2023-2028 (%)
- Data Table on Leisure - Year-over-year growth 2023-2028 (%)
7.4 Business - Market size and forecast 2023-2028
- Chart on Business - Market size and forecast 2023-2028 ($ billion)
- Data Table on Business - Market size and forecast 2023-2028 ($ billion)
- Chart on Business - Year-over-year growth 2023-2028 (%)
- Data Table on Business - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ billion)
- Data Table on France - Market size and forecast 2023-2028 ($ billion)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 American Express Global Business Travel GBT
- American Express Global Business Travel GBT - Overview
- American Express Global Business Travel GBT - Product / Service
- American Express Global Business Travel GBT - Key offerings
12.4 BCD Travel Services BV
- BCD Travel Services BV - Overview
- BCD Travel Services BV - Product / Service
- BCD Travel Services BV - Key offerings
12.5 Booking Holdings Inc.
- Booking Holdings Inc. - Overview
- Booking Holdings Inc. - Product / Service
- Booking Holdings Inc. - Key offerings
12.6 Carlson Inc.
- Carlson Inc. - Overview
- Carlson Inc. - Product / Service
- Carlson Inc. - Key offerings
12.7 Corporate Travel Management Ltd.
- Corporate Travel Management Ltd. - Overview
- Corporate Travel Management Ltd. - Product / Service
- Corporate Travel Management Ltd. - Key offerings
12.8 Expedia Group Inc.
- Expedia Group Inc. - Overview
- Expedia Group Inc. - Business segments
- Expedia Group Inc. - Key offerings
- Expedia Group Inc. - Segment focus
12.9 Fareportal Inc.
- Fareportal Inc. - Overview
- Fareportal Inc. - Product / Service
- Fareportal Inc. - Key offerings
12.10 Flight Centre Travel Group Ltd.
- Flight Centre Travel Group Ltd. - Overview
- Flight Centre Travel Group Ltd. - Product / Service
- Flight Centre Travel Group Ltd. - Key news
- Flight Centre Travel Group Ltd. - Key offerings
12.11 JPMorgan Chase and Co.
- JPMorgan Chase and Co. - Overview
- JPMorgan Chase and Co. - Business segments
- JPMorgan Chase and Co. - Key news
- JPMorgan Chase and Co. - Key offerings
- JPMorgan Chase and Co. - Segment focus
12.12 JTB Corp.
- JTB Corp. - Overview
- JTB Corp. - Product / Service
- JTB Corp. - Key offerings
12.13 Omega World Travel Inc.
- Omega World Travel Inc. - Overview
- Omega World Travel Inc. - Product / Service
- Omega World Travel Inc. - Key offerings
12.14 The Scott Travel Group Ltd.
- The Scott Travel Group Ltd. - Overview
- The Scott Travel Group Ltd. - Product / Service
- The Scott Travel Group Ltd. - Key offerings
12.15 Travel Leaders Group Holdings LLC
- Travel Leaders Group Holdings LLC - Overview
- Travel Leaders Group Holdings LLC - Product / Service
- Travel Leaders Group Holdings LLC - Key offerings
12.16 World Travel Holdings
- World Travel Holdings - Overview
- World Travel Holdings - Product / Service
- World Travel Holdings - Key offerings
12.17 World Travel Inc.
- World Travel Inc. - Overview
- World Travel Inc. - Product / Service
- World Travel Inc. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations