As per a recent market analysis by Future Market Insights (FMI), managed travel distribution market is poised to reach a valuation of US$ 91 Billion in 2022. Sales are projected to increase at a 10% CAGR, with the market size reaching US$ 236 Billion by 2032.
Systems like managed travel distribution are becoming more and more prevalent. As the number of new business travellers increases globally, there is an increasing need for organised and personalised travel planning. Technology advancement and digitalization have had an impact on the development of controlled travel distribution.
There are numerous possibilities for luxurious travel, and they are growing each time. The market for managed travel distribution is expanding consistently. Business travellers of today prefer the organised tours provided by managed travel distribution. Due to the widespread usage of smart phones, the managed travel distribution sector is rapidly evolving.
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Managed travel distribution systems are becoming more and more common. Globally, there is an increasing demand for organised and customised travel planning due to the rise in new business travellers. The evolution of controlled travel distribution has been influenced by technological advancements and digitalization.
There are many options for premium travel, and they are expanding. The managed travel distribution market is steadily growing. Today’s business travellers favour the planned excursions offered by managed travel distribution. Smart device adoption is rampant, which is causing the managed travel distribution industry to change quickly.
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Key Takeaways:
- By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~75%.
- Based on packages, Managed travelers will continue to opt for group tour deals over the normal travel deals.
- In terms of booking channel, online booking segment is estimated to account for the relatively highest value share in the Managed Travel Distribution Market as this mode of booking is very convenient.
Key Players
- Travel Leaders Group
- Travel and Transport
- BCD Travel
- Expedia Inc.
- Global Business Travel
- HRG Travel
- Travel perk
- Agencia
Managed Travel Distribution Market by Category
By Type, Managed Travel Distribution Market is segmented as:
- Customer Meetings
- Clients’ Office Visit
- Internal Meetings
- Conferences
- Others
By Booking Channel, Managed Travel Distribution Market is segmented as:
- Phone Booking
- Online Booking
- In Person Booking
By Tourist Type, Managed Travel Distribution Market is segmented as:
- Domestic
- International
By Tour Type, Managed Travel Distribution Market is segmented as:
- Independent Traveler
- Tour Group
- Package Traveller
By Age Group, Managed Travel Distribution Market is segmented as:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 56-65 Years
- 66-75 Years
By Region, Managed Travel Distribution Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa(MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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