The Number of International trips made in United Kingdom, attained a value of 21,711.83 Thousand in 2020
The indicator recorded a historical decline (CAGR) of 35% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the indicator to grow ...
The UK travel intermediaries segment overview
Number of International trips made in United Kingdom experienced a slight decline between 2017-2020.
Travel intermediation for the purpose of this report is defined as 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 the travel intermediaries in the UK
The UK 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 is ultimately depends on strong vaccination rates keeping the virus under control.
Who are the leading players?
Booking Holdings Inc. is based in Norwalk, Connecticut, the US and is a provider of online travel and related services. It offers accommodation reservation services, rental car reservation services, price comparison services, restaurant reservations, airline tickets booking services, vacation packages and cruise booking services, and travel reservation services. It operates its business under brands such as Booking.com, Priceline, Agoda, KAYAK, Rentalcars.com and OpenTable. The company operates in several countries across Europe, North America, South America, Africa, and the Asia-Pacific region.
TUI AG is based in Hanover, Germany and operates tourism businesses. It provides a wide range of holiday and travel services. The company’s businesses include cruise ships, touristic airlines, tour operation, resorts and hotels, and incoming agencies. The company’s touristic airlines business operates medium- to long-haul aircraft. TUI operates hotels in major holiday regions under various brands such as Riu, Iberotel, Dorfhotel, TUI Blue and Robinson. It also provides luxury cruises within German-speaking countries, and cruise ships in other luxury markets. TUI carries out its tour operation business in Germany, the UK, the Netherlands, Belgium, France, Switzerland, Austria and the Nordic region. In January 2020 TUI saw its best ever bookings month.
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