The Business Research Company’s latest report Travel Arrangement And Reservation Services Global Market Report 2020 covers Travel Arrangement And Reservation Services market drivers, Travel Arrangement And Reservation Services market trends, Travel Arrangement And Reservation Services market segments, Travel Arrangement And Reservation Services market growth rate, Travel Arrangement And Reservation Services market major players, and Travel Arrangement And Reservation Services market size. The report provides in-depth analysis of the impact of COVID-19 on the Travel Arrangement And Reservation Services industry, along with revised market numbers due to the effects of the coronavirus.
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Travel Arrangement And Reservation Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global travel arrangement and reservation services market is expected to decline from $418.7 billion in 2019 to $418.6 billion in 2020 at a compound annual growth rate (CAGR) of -0.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $498.8 billion in 2023.
The report covers the Travel Arrangement And Reservation Services market’s segments-
1) By Type: Travel Agencies, Tour Operators, Convention And Visitors Bureaus, Other Travel Arrangement And Reservation Services
2) By Mode of Travel: Domestic Travel, Foreign Travel
3) By Mode of Booking: Online, Online.
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