The Tourism employment in Retail segment in United States of America, registered a value of USD 33,660.96 Million in 2020
The indicator recorded a historical decline (CAGR) of 0.07% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the indicator to grow ...
Tourism employment in Retail segment in the United States of America experienced massive growth between 2017 – 2019. But in 2020 it experienced a huge decline.
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.
Market analysis of travel intermediaries in the USA
The travel intermediaries market experienced strong growth in the first part of the historic period, particularly within the online segment with businesses upgrading their technology to track and analyze customer behavior. The popularity of these services has grown significantly and players such as Expedia Inc. (Trivago, expedia.com, hotels.com) and The Priceline Group (booking.com, agoda.com, kayak.com) have increased revenues significantly. However, this has led to intense price competition and also rising expenses for hoteliers, which are increasingly seeking ways to re-establish their distribution which limited demand in 2019.
Who is the leading player in the retail segment of the USA
Booking Holdings Inc (Booking Holdings) is an online travel service network that offers travel reservations and connects travelers with suppliers of travel services around the world. Booking Holdings offers accommodation reservation services through its international brands, which consist primarily of Booking.com, Priceline, KAYAK, Agoda, Rentalcars, and OpenTable.
Booking Holdings can offer a broad array of options to value-conscious travelers through a combination of the retail price-disclosed model and the name your price (NYOP) model. This NYOP service uses the flexibility of buyers to enable sellers to accept a lower price to sell their excess capacity without disrupting their existing distribution channels or retail pricing structures. . The company offers price-disclosed retail services in the US to its customers to complement the NYOP service. This enables the company to offer a one-stop-shopping solution to its customers by simultaneously fulfilling the needs of those customers who are prepared to accept the unique restrictions of the NYOP service in exchange for receiving savings relative to retail prices, and those customers who are less price-sensitive and require the certainty of knowing the full details of their travel itinerary before purchasing.
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