NEW YORK , Sept. 17, 2024 /PRNewswire/ -- Report with the AI impact on market trends- The global travel market size is estimated to grow by USD 5.50 trillion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 18.52% during the forecast period. Growing popularity of experiential travel is driving market growth, with a trend towards increasing international tourist footfall.
However, threat from growing terrorism poses a challenge. Key market players include Accor S.A.
, American Express Global Business Travel GBT, Balkan Holidays Ltd., BCD Travel Services BV, Booking Holdings Inc., Carlson Inc.
, Corporate Travel Management Ltd., Expedia Group Inc., Fareportal Inc.
, Flight Centre Travel Group Ltd., G Adventures, JPMorgan Chase and Co., JTB Corp.
, MakeMyTrip Ltd., Marriott International Inc., Omega World Travel Inc.
, PT Global Digital Niaga, Traveloka, The Scott Travel Group Ltd., Travel Leaders Group Holdings LLC, World Travel Holdings, and World Travel Inc..
AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Sector (Transportation, Hotel, and Travel activities), Type (Leisure and Business), and Geography (APAC, Europe, North America, South America, and Middle East and Africa) Region Covered APAC, Europe, North America, South America, and Middle Ea.