Travel arrangement companies are increasingly using
IoT technologies in providing customized options to customers for flight and
accommodation bookings. Travel aggregator websites search for the best deals
across multiple websites and lists the results on a web page and most of the
airline companies are also using IoT technologies right from locating a
traveler in emergency situations to finding a missing passenger who hasn’t
board the flight yet. More than 89% airlines are looking forward for immense
changes over the next three years with IoT technology in the travel
industry.
The travel arrangement and reservation services market
comprises travel agents including passenger transport services, air travel
services, road transport services, rail transport services, sea transport
services, car hire services, booking and reservation of travel services, travel
ticket reservation services, tourist travel information services, sightseeing
tour and cruise arranging services, package holiday services for arranging
travel, air transport services, transport and delivery of goods services.
THE BUSINESS
RESEARCH COMPANY VALUED THE GLOBAL TRAVEL ARRANGEMENT AND RESERVATION SERVICES MARKET AT $451
BILLION IN 2017
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North America was the largest geographic region in
the market, accounting for one-third of the global market. The USA was the
largest country accounting for more than one-fourth of the global travel arrangement
and reservation services market.
The chart below shows the year-on-year growth of the global
travel arrangement and reservation services market during 2017-2021: -
According to The Business Research Company’s
Consultant, Nitin Gianchandani, Artificial
Intelligence(AI) helps to analyze unstructured data, brings value in
partnership with Big
Data into meaningful and actionable insights.
Trends, outliers and patterns are figured out using this which helps in guiding
a Travel company to make decisions. The discounts, schemes, tour packages,
seasons and people to target are formulated using this data.
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The travel arrangement and reservation services
market is segmented into Travel Agencies; Tour Operators; Convention And
Visitors Bureaus; Other Travel Arrangement And Reservation Services.
Travel
Agencies comprises establishments primarily engaged in acting as agents in
selling travel, tour, and accommodation services to the general public and
commercial clients.
Tour Operators
comprises establishments primarily engaged in arranging and assembling tours.
The tours are sold through travel agencies or tour operators. Travel or
wholesale tour operators are included in this industry.
Convention And
Visitors Bureaus comprises establishments primarily engaged in marketing
and promoting communities and facilities to businesses and leisure travelers
through a range of activities, such as assisting organizations in locating
meeting and convention sites; providing travel information on area attractions,
lodging accommodations, restaurants; providing maps; and organizing group tours
of local historical, recreational, and cultural attractions.
Other Travel
Arrangement And Reservation Services comprises establishments (except
travel agencies, tour operators, and convention and visitors bureaus) primarily
engaged in providing travel arrangement and reservation services.
Travel Arrangement and Reservation Services Global Market
Report 2018 is a detailed report giving a unique insight into this market.
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office, the price is $6000 and $8000 if you wish to use across a multinational
company.
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