The travel intermediaries market is projected to grow at a steady CAGR of 6.0% between 2023 and 2033. The market is expected to reach USD 899.7 million by 2033, up from an estimated USD 502 million in 2023.
The revival of the travel and tourism industry post-pandemic, coupled with travelers’ desire for organized, memorable trips, is driving the demand for travel intermediaries. Additionally, affordable service charges, enhanced convenience, and the provision of all travel necessities in one package are encouraging travelers to opt for intermediary services. New travel packages, promotional offers, and government incentives are further propelling market growth.
Key Points
- The United States market leads the travel intermediaries business market in terms of market share in North America. The United States region held a market share of 13.08% in 2022. The growth in this region is attributed to higher tourist activities, increasing per capita income, and new travel rules set by the governments. The North American market held a share of 25% in 2022.
- The German market is another important market in the European region. The market held a market share of 5% in 2022. The growth is attributed to the higher tourist footfall due to the rich German history, flourishing tourism sector, and presence of many travel intermediaries businesses. The European market held a market share of 19.0% in 2022.
- The India travel intermediaries businessmarket thrives at a CAGR of 3.9% between 2023 and 2033. The growth is attributed to several people visiting India and the unconventional way of traveling.
- The China market also thrives at a CAGR of 4.4% during the forecast period. The flourishing growth is caused by the government promoting tourism.
- Based on the mode of transport, the air segment leads the market as it held a share of 45% in 2022.
- Based on the mode of booking, the online segment leads the market as it held a market share of 48.0% in 2022.
Competitive Landscape
The key businesses try to work on covering everything during the trip, better consultation, and effective travel planning. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Recent Market Developments
- Vantage Deluxe is celebrating its 40 years in business and has introduced its anniversary sale that involves different discounts and free international airfare.
- In 2023, Thomas Cook (India) launched the Study Buddy Card, which offers powerful benefits and targets key source markets.
Key Players
- Expedia Groups
- Booking Holdings
- BCD Travel
- Vantage Deluxe
- World Travel
- Global Work and Travel Company
- Global Vacation Network
- Thomas Cook
- Zicasso
Key Segments Covered
By Service Type:
- Vacation Packages
- Travel
- Accommodation
By Mode of Transport:
- Air
- Others
By Mode of Booking:
- Online
- Offline
- Direct
Key Regions Covered:
- North America
- United States
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
- Japan
- Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
- The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- Middle East and Africa (MEA)
Report Preview: https://www.futuremarketinsights.com/reports/travel-intermediaries-business-overview
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