COVID-19 Impact on Travel Services:
The World Health Organization declared the COVID-19 virus outbreak in December 2019 to be a public health emergency. The disease has spread to over 100 nations and resulted in tremendous deaths all across the world. Global industrial, tourism and financial markets have been particularly heavily damaged. The downward pressure on the global economy, which had previously shown signs of recovery, has grown once more. The spread of the virus has added dangerous factors to the global economy's already sluggish development. Various international agencies have stated that the global economy is experiencing its most difficult moment since the financial crisis. The global economic situation is bleak. The global economic situation is bleak. The coronavirus's negative global effects are already evident, and they will have a considerable impact on the Travel Services in 2020.
Market Segments
The authors of this research report have explored the key segments: Type and Application. The report offers an in-depth breakdown of type and application segments and their sub-segments. The lucrativeness and growth potential have been looked into by the industry experts in this report. This section of the report also provides sales and revenue forecast data by type and application segments based on sales, price, and revenue for the period 2016-2027. The specialists, to broaden the understanding of the users, have done value chain and raw material analysis in this section.
By Product Type, Travel Services has been segmented into:
- Offline
- Online
By Application, Travel Services has been segmented into:
- Domestic Flight
- Hotel Accommodation
- Taxi/Cab
- Domestic Bus Services
- Rail Ticket
Regions and Countries Level Analysis:
North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa were the regions analyzed by the experts. This section contains data about each region's and country's potential for growth. This data will aid players in identifying lucrative places and planning their future activities and investments accordingly. The market size and demand numbers for each region and country for the period 2016-2020 will also be available to the readers.
Players Covered in Travel Services are:
- Indian Railway Catering and Tourism Corp. Ltd.
- Oravel Stays Pvt. Ltd.
- Yatra Online
- Inc.
- Thomas Cook (India) Ltd.
- Cleartrip Pvt. Ltd.
- MakeMyTrip Ltd.
- ITC Ltd.
- Airbnb Inc.
- Cox & Kings Ltd.
- TripAdvisor Inc.
Competitive Outlook
The analysts have conducted a thorough examination of the major competitors in the market and the methods they are employing to combat the strong competition in this section of the report. This section also includes company profiles and share analyses for the major companies. In addition, the experts conducted a comprehensive SWOT analysis of each player. They've also published manufacturers' sales and revenue data for the years 2016 through 2021. With the help of this report, key players, stakeholders, and other participants will be able to remain on top of recent and upcoming business changes, allowing them to make more informed decisions.
Table of Content
1 Travel Services Market - Research Scope
1.1 Study Goals
1.2 Market Definition and Scope
1.3 Key Market Segments
1.4 Study and Forecasting Years
2 Travel Services Market - Research Methodology
2.1 Methodology
2.2 Research Data Source
2.2.1 Secondary Data
2.2.2 Primary Data
2.2.3 Market Size Estimation
2.2.4 Legal Disclaimer
3 Travel Services Market Forces
3.1 Global Travel Services Market Size
3.2 Top Impacting Factors (PESTEL Analysis)
3.2.1 Political Factors
3.2.2 Economic Factors
3.2.3 Social Factors
3.2.4 Technological Factors
3.2.5 Environmental Factors
3.2.6 Legal Factors
3.3 Industry Trend Analysis
3.4 Industry Trends Under COVID-19
3.4.1 Risk Assessment on COVID-19
3.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
3.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
3.5 Industry Risk Assessment
4 Travel Services Market - By Geography
4.1 Global Travel Services Market Value and Market Share by Regions
4.1.1 Global Travel Services Value ($) by Region (2015-2020)
4.1.2 Global Travel Services Value Market Share by Regions (2015-2020)
4.2 Global Travel Services Market Production and Market Share by Major Countries
4.2.1 Global Travel Services Production by Major Countries (2015-2020)
4.2.2 Global Travel Services Production Market Share by Major Countries (2015-2020)
4.3 Global Travel Services Market Consumption and Market Share by Regions
4.3.1 Global Travel Services Consumption by Regions (2015-2020)
4.3.2 Global Travel Services Consumption Market Share by Regions (2015-2020)
5 Travel Services Market - By Trade Statistics
5.1 Global Travel Services Export and Import
5.2 United States Travel Services Export and Import (2015-2020)
5.3 Europe Travel Services Export and Import (2015-2020)
5.4 China Travel Services Export and Import (2015-2020)
5.5 Japan Travel Services Export and Import (2015-2020)
5.6 India Travel Services Export and Import (2015-2020)
5.7
6 Travel Services Market - By Type
6.1 Global Travel Services Production and Market Share by Types (2015-2020)
6.1.1 Global Travel Services Production by Types (2015-2020)
6.1.2 Global Travel Services Production Market Share by Types (2015-2020)
6.2 Global Travel Services Value and Market Share by Types (2015-2020)
6.2.1 Global Travel Services Value by Types (2015-2020)
6.2.2 Global Travel Services Value Market Share by Types (2015-2020)
6.3 Global Travel Services Production, Price and Growth Rate of Offline (2015-2020)
6.4 Global Travel Services Production, Price and Growth Rate of Online (2015-2020)
7 Travel Services Market - By Application
7.1 Global Travel Services Consumption and Market Share by Applications (2015-2020)
7.1.1 Global Travel Services Consumption by Applications (2015-2020)
7.1.2 Global Travel Services Consumption Market Share by Applications (2015-2020)
7.2 Global Travel Services Consumption and Growth Rate of Domestic Flight (2015-2020)
7.3 Global Travel Services Consumption and Growth Rate of Hotel Accommodation (2015-2020)
7.4 Global Travel Services Consumption and Growth Rate of Taxi/Cab (2015-2020)
7.5 Global Travel Services Consumption and Growth Rate of Domestic Bus Services (2015-2020)
7.6 Global Travel Services Consumption and Growth Rate of Rail Ticket (2015-2020)
8 North America Travel Services Market
8.1 North America Travel Services Market Size
8.2 United States Travel Services Market Size
8.3 Canada Travel Services Market Size
8.4 Mexico Travel Services Market Size
8.5 The Influence of COVID-19 on North America Market
9 Europe Travel Services Market Analysis
9.1 Europe Travel Services Market Size
9.2 Germany Travel Services Market Size
9.3 United Kingdom Travel Services Market Size
9.4 France Travel Services Market Size
9.5 Italy Travel Services Market Size
9.6 Spain Travel Services Market Size
9.7 The Influence of COVID-19 on Europe Market
10 Asia-Pacific Travel Services Market Analysis
10.1 Asia-Pacific Travel Services Market Size
10.2 China Travel Services Market Size
10.3 Japan Travel Services Market Size
10.4 South Korea Travel Services Market Size
10.5 Southeast Asia Travel Services Market Size
10.6 India Travel Services Market Size
10.7 The Influence of COVID-19 on Asia Pacific Market
11 Middle East and Africa Travel Services Market Analysis
11.1 Middle East and Africa Travel Services Market Size
11.2 Saudi Arabia Travel Services Market Size
11.3 UAE Travel Services Market Size
11.4 South Africa Travel Services Market Size
11.5 The Influence of COVID-19 on Middle East and Africa Market
12 South America Travel Services Market Analysis
12.1 South America Travel Services Market Size
12.2 Brazil Travel Services Market Size
12.3 The Influence of COVID-19 on South America Market
13 Company Profiles
13.1 Indian Railway Catering and Tourism Corp. Ltd.
13.1.1 Indian Railway Catering and Tourism Corp. Ltd. Basic Information
13.1.2 Indian Railway Catering and Tourism Corp. Ltd. Product Profiles, Application and Specification
13.1.3 Indian Railway Catering and Tourism Corp. Ltd. Travel Services Market Performance (2015-2020)
13.2 Oravel Stays Pvt. Ltd.
13.2.1 Oravel Stays Pvt. Ltd. Basic Information
13.2.2 Oravel Stays Pvt. Ltd. Product Profiles, Application and Specification
13.2.3 Oravel Stays Pvt. Ltd. Travel Services Market Performance (2015-2020)
13.3 Yatra Online, Inc.
13.3.1 Yatra Online, Inc. Basic Information
13.3.2 Yatra Online, Inc. Product Profiles, Application and Specification
13.3.3 Yatra Online, Inc. Travel Services Market Performance (2015-2020)
13.4 Thomas Cook (India) Ltd.
13.4.1 Thomas Cook (India) Ltd. Basic Information
13.4.2 Thomas Cook (India) Ltd. Product Profiles, Application and Specification
13.4.3 Thomas Cook (India) Ltd. Travel Services Market Performance (2015-2020)
13.5 Cleartrip Pvt. Ltd.
13.5.1 Cleartrip Pvt. Ltd. Basic Information
13.5.2 Cleartrip Pvt. Ltd. Product Profiles, Application and Specification
13.5.3 Cleartrip Pvt. Ltd. Travel Services Market Performance (2015-2020)
13.6 MakeMyTrip Ltd.
13.6.1 MakeMyTrip Ltd. Basic Information
13.6.2 MakeMyTrip Ltd. Product Profiles, Application and Specification
13.6.3 MakeMyTrip Ltd. Travel Services Market Performance (2015-2020)
13.7 ITC Ltd.
13.7.1 ITC Ltd. Basic Information
13.7.2 ITC Ltd. Product Profiles, Application and Specification
13.7.3 ITC Ltd. Travel Services Market Performance (2015-2020)
13.8 Airbnb Inc.
13.8.1 Airbnb Inc. Basic Information
13.8.2 Airbnb Inc. Product Profiles, Application and Specification
13.8.3 Airbnb Inc. Travel Services Market Performance (2015-2020)
13.9 Cox & Kings Ltd.
13.9.1 Cox & Kings Ltd. Basic Information
13.9.2 Cox & Kings Ltd. Product Profiles, Application and Specification
13.9.3 Cox & Kings Ltd. Travel Services Market Performance (2015-2020)
13.10 TripAdvisor Inc.
13.10.1 TripAdvisor Inc. Basic Information
13.10.2 TripAdvisor Inc. Product Profiles, Application and Specification
13.10.3 TripAdvisor Inc. Travel Services Market Performance (2015-2020)
14 Market Forecast - By Regions
14.1 North America Travel Services Market Forecast (2020-2025)
14.2 Europe Travel Services Market Forecast (2020-2025)
14.3 Asia-Pacific Travel Services Market Forecast (2020-2025)
14.4 Middle East and Africa Travel Services Market Forecast (2020-2025)
14.5 South America Travel Services Market Forecast (2020-2025)
15 Market Forecast - By Type and Applications
15.1 Global Travel Services Market Forecast by Types (2020-2025)
15.1.1 Global Travel Services Market Forecast Production and Market Share by Types (2020-2025)
15.1.2 Global Travel Services Market Forecast Value and Market Share by Types (2020-2025)
15.2 Global Travel Services Market Forecast by Applications (2020-2025)
List of Tables and Figures
Figure Travel Services Picture
Table Travel Services Key Market Segments
Figure Study and Forecasting Years
Figure Global Travel Services Market Size and Growth Rate 2015-2025
Figure Industry PESTEL Analysis
Figure Global COVID-19 Status
Figure Market Size Forecast Comparison of Pre COVID-19 and Post COVID-19
Figure Global Travel Services Value ($) and Growth Rate (2015-2020)
Table Global Travel Services Value ($) by Countries (2015-2020)
Table Global Travel Services Value Market Share by Regions (2015-2020)
Figure Global Travel Services Value Market Share by Regions in 2019
Figure Global Travel Services Production and Growth Rate (2015-2020)
Table Global Travel Services Production by Major Countries (2015-2020)
Table Global Travel Services Production Market Share by Major Countries (2015-2020)
Figure Global Travel Services Production Market Share by Regions in 2019
Figure Global Travel Services Consumption and Growth Rate (2015-2020)
Table Global Travel Services Consumption by Regions (2015-2020)
Table Global Travel Services Consumption Market Share by Regions (2015-2020)
Figure Global Travel Services Consumption Market Share by Regions in 2019
Table Global Travel Services Export Top 3 Country 2019
Table Global Travel Services Import Top 3 Country 2019
Table United States Travel Services Export and Import (2015-2020)
Table Europe Travel Services Export and Import (2015-2020)
Table China Travel Services Export and Import (2015-2020)
Table Japan Travel Services Export and Import (2015-2020)
Table India Travel Services Export and Import (2015-2020)
Table Global Travel Services Production by Types (2015-2020)
Table Global Travel Services Production Market Share by Types (2015-2020)
Figure Global Travel Services Production Share by Type (2015-2020)
Table Global Travel Services Value by Types (2015-2020)
Table Global Travel Services Value Market Share by Types (2015-2020)
Figure Global Travel Services Value Share by Type (2015-2020)
Figure Global Offline Production and Growth Rate (2015-2020)
Figure Global Offline Price (2015-2020)
Figure Global Online Production and Growth Rate (2015-2020)
Figure Global Online Price (2015-2020)
Table Global Travel Services Consumption by Applications (2015-2020)
Table Global Travel Services Consumption Market Share by Applications (2015-2020)
Figure Global Travel Services Consumption Share by Application (2015-2020)
Figure Global Domestic Flight Consumption and Growth Rate (2015-2020)
Figure Global Hotel Accommodation Consumption and Growth Rate (2015-2020)
Figure Global Taxi/Cab Consumption and Growth Rate (2015-2020)
Figure Global Domestic Bus Services Consumption and Growth Rate (2015-2020)
Figure Global Rail Ticket Consumption and Growth Rate (2015-2020)
Figure North America Travel Services Market Consumption and Growth Rate (2015-2020)
Table North America Travel Services Consumption by Countries (2015-2020)
Table North America Travel Services Consumption Market Share by Countries (2015-2020)
Figure North America Travel Services Consumption Market Share by Countries (2015-2020)
Figure United States Travel Services Market Consumption and Growth Rate (2015-2020)
Figure Canada Travel Services Market Consumption and Growth Rate (2015-2020)
Figure Mexico Travel Services Market Consumption and Growth Rate (2015-2020)
Figure North America COVID-19 Status
Figure Europe Travel Services Market Consumption and Growth Rate (2015-2020)
Table Europe Travel Services Consumption by Countries (2015-2020)
Table Europe Travel Services Consumption Market Share by Countries (2015-2020)
Figure Europe Travel Services Consumption Market Share by Countries (2015-2020)
Figure Germany Travel Services Market Consumption and Growth Rate (2015-2020)
Figure United Kingdom Travel Services Market Consumption and Growth Rate (2015-2020)
Figure France Travel Services Market Consumption and Growth Rate (2015-2020)
Figure Italy Travel Services Market Consumption and Growth Rate (2015-2020)
Figure Spain Travel Services Market Consumption and Growth Rate (2015-2020)
Figure Europe COVID-19 Status
Figure Asia-Pacific Travel Services Market Consumption and Growth Rate (2015-2020)
Table Asia-Pacific Travel Services Consumption by Countries (2015-2020)
Table Asia-Pacific Travel Services Consumption Market Share by Countries (2015-2020)
Figure Asia-Pacific Travel Services Consumption Market Share by Countries (2015-2020)
Figure China Travel Services Market Consumption and Growth Rate (2015-2020)
Figure Japan Travel Services Market Consumption and Growth Rate (2015-2020)
Figure South Korea Travel Services Market Consumption and Growth Rate (2015-2020)
Figure Southeast Asia Travel Services Market Consumption and Growth Rate (2015-2020)
Figure India Travel Services Market Consumption and Growth Rate (2015-2020)
Figure Asia Pacific COVID-19 Status
Figure Middle East and Africa Travel Services Market Consumption and Growth Rate (2015-2020)
Table Middle East and Africa Travel Services Consumption by Countries (2015-2020)
Table Middle East and Africa Travel Services Consumption Market Share by Countries (2015-2020)
Figure Middle East and Africa Travel Services Consumption Market Share by Countries (2015-2020)
Figure Saudi Arabia Travel Services Market Consumption and Growth Rate (2015-2020)
Figure UAE Travel Services Market Consumption and Growth Rate (2015-2020)
Figure South Africa Travel Services Market Consumption and Growth Rate (2015-2020)
Figure South America Travel Services Market Consumption and Growth Rate (2015-2020)
Table South America Travel Services Consumption by Countries (2015-2020)
Table South America Travel Services Consumption Market Share by Countries (2015-2020)
Figure South America Travel Services Consumption Market Share by Countries (2015-2020)
Figure Brazil Travel Services Market Consumption and Growth Rate (2015-2020)
Table Indian Railway Catering and Tourism Corp. Ltd. Company Profile
Table Indian Railway Catering and Tourism Corp. Ltd. Production, Value, Price, Gross Margin 2015-2020
Figure Indian Railway Catering and Tourism Corp. Ltd. Production and Growth Rate
Figure Indian Railway Catering and Tourism Corp. Ltd. Value ($) Market Share 2015-2020
Table Oravel Stays Pvt. Ltd. Company Profile
Table Oravel Stays Pvt. Ltd. Production, Value, Price, Gross Margin 2015-2020
Figure Oravel Stays Pvt. Ltd. Production and Growth Rate
Figure Oravel Stays Pvt. Ltd. Value ($) Market Share 2015-2020
Table Yatra Online, Inc. Company Profile
Table Yatra Online, Inc. Production, Value, Price, Gross Margin 2015-2020
Figure Yatra Online, Inc. Production and Growth Rate
Figure Yatra Online, Inc. Value ($) Market Share 2015-2020
Table Thomas Cook (India) Ltd. Company Profile
Table Thomas Cook (India) Ltd. Production, Value, Price, Gross Margin 2015-2020
Figure Thomas Cook (India) Ltd. Production and Growth Rate
Figure Thomas Cook (India) Ltd. Value ($) Market Share 2015-2020
Table Cleartrip Pvt. Ltd. Company Profile
Table Cleartrip Pvt. Ltd. Production, Value, Price, Gross Margin 2015-2020
Figure Cleartrip Pvt. Ltd. Production and Growth Rate
Figure Cleartrip Pvt. Ltd. Value ($) Market Share 2015-2020
Table MakeMyTrip Ltd. Company Profile
Table MakeMyTrip Ltd. Production, Value, Price, Gross Margin 2015-2020
Figure MakeMyTrip Ltd. Production and Growth Rate
Figure MakeMyTrip Ltd. Value ($) Market Share 2015-2020
Table ITC Ltd. Company Profile
Table ITC Ltd. Production, Value, Price, Gross Margin 2015-2020
Figure ITC Ltd. Production and Growth Rate
Figure ITC Ltd. Value ($) Market Share 2015-2020
Table Airbnb Inc. Company Profile
Table Airbnb Inc. Production, Value, Price, Gross Margin 2015-2020
Figure Airbnb Inc. Production and Growth Rate
Figure Airbnb Inc. Value ($) Market Share 2015-2020
Table Cox & Kings Ltd. Company Profile
Table Cox & Kings Ltd. Production, Value, Price, Gross Margin 2015-2020
Figure Cox & Kings Ltd. Production and Growth Rate
Figure Cox & Kings Ltd. Value ($) Market Share 2015-2020
Table TripAdvisor Inc. Company Profile
Table TripAdvisor Inc. Production, Value, Price, Gross Margin 2015-2020
Figure TripAdvisor Inc. Production and Growth Rate
Figure TripAdvisor Inc. Value ($) Market Share 2015-2020
Figure North America Market Consumption and Growth Rate Forecast (2020-2025)
Figure Europe Market Consumption and Growth Rate Forecast (2020-2025)
Figure Asia-Pacific Market Consumption and Growth Rate Forecast (2020-2025)
Figure Middle East and Africa Market Consumption and Growth Rate Forecast (2020-2025)
Figure South America Market Consumption and Growth Rate Forecast (2020-2025)
Table Global Travel Services Market Forecast Production by Types (2020-2025)
Table Global Travel Services Market Forecast Production Share by Types (2020-2025)
Table Global Travel Services Market Forecast Value ($) by Types (2020-2025)
Table Global Travel Services Market Forecast Value Share by Types (2020-2025)
Table Global Travel Services Market Forecast Consumption by Applications (2020-2025)
Table Global Travel Services Market Forecast Consumption Share by Applications (2020-2025)
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
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