The Inbound tourist expenditure on Transportation sector, attained a global value of USD 348,710.42 million in 2023
The indicator recorded a historical growth (CAGR) of 45% between 2020 to 2023, and is expected to grow by ...
GlobalData projects the indicator to grow ...
Global travel intermediaries segment overview
Global Inbound tourist expenditure on Transportation sector experienced a minor decline between 2017-2020.
Travel intermediation for this report is defined as a total direct expenditure (online and in-store) via travel intermediaries by inbound, domestic, and outbound tourists within a single economy.
Impact of COVID-19 on global travel intermediaries
The global travel intermediaries market declined strongly in the historic period caused primarily by a fall in 2020 as a result of the COVID-19 pandemic. However, the market is expected to recover in the forecast period but this ultimately depends on strong vaccination rates keeping the virus under control.
Real GDP declined across the world in 2020 as lockdown disrupted domestic economies. This had a knock-on effect with unemployment rising and disposable income falling which reduced travel demand. Additionally, the implementation of quarantine measures for those arriving from certain countries has deterred travel somewhat although this has recently been lifted for travelers within the EU. The travel intermediaries market is positively correlated with the travel and tourism industry, meaning that the latter would follow the same pattern as the first. Thus, as consumers traveled less, growth in the travel and tourism industry fell driving down the travel intermediaries market. The COVID-19 pandemic has caused a significant reduction in global travel, particularly MICE tourism which is currently not seen as essential. The rise of Zoom and Microsoft Teams have temporarily plugged this gap and this is a concern for the Belgian travel intermediaries market as it could lead to a shift to technology-based meetings over face to face.
Who are the leading players?
American Airlines is an airline holding company that offers passenger and cargo air transportation services. The group operates wholly-owned regional airline subsidiaries and third-party regional carriers operating as American Eagle.
Lufthansa is an aviation company that offers scheduled passenger and air freight transportation services. The company offers logistics services through its freighters, chartered cargo aircraft, and belly capacities on passenger aircraft.
Delta is a global airline company that provides scheduled air transportation for passengers and cargo. Its service portfolio includes passenger transport; cargo transport; aircraft management; professional security; training and consulting; aviation solutions; vacation packages; and maintenance, repair, and overhaul (MRO). It also has bilateral and multilateral marketing alliances with foreign airlines and service agreements with multiple domestic regional air carriers.
Emiratesv is an air transportation service provider. The company provides services such as passenger transportation, cargo services, flight booking, hotel booking, car rental, check-in, flight status, and baggage allowance services.
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