Global Travel Agency Services Market Size To Exceed USD 1120.4 Billion By 2035 | CAGR of 8.64%
Category: Consumer GoodsGlobal Travel Agency Services Market Size To Exceed USD 1120.4 Billion By 2035
According to a research report published by Spherical Insights & Consulting, The Global Travel Agency Services Market Size is expected to grow from USD 450.2 Billion in 2024 to USD 1120.4 Billion by 2035, at a CAGR of 8.64% during the forecast period 2025-2035.
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Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the “Global Travel Agency Services Market Size, Share, and COVID-19 Impact Analysis, By Type (Leisure Travel, Business Travel, and Specialty Travel), By Distribution Channels (Online Travel Agencies, Hybrid, and Brick and Mortar Travel Agencies), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035. “ Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/travel-agency-services-market
The market for travel agency services is the organized segment of the travel and tourism business that makes it easier for individuals, groups, and corporate clients to plan, book, and manage travel-related services. Booking flights, hotels, rental cars, cruises, travel insurance, help with visas, and personalized tour packages are just a few of these services. By providing knowledgeable guidance, affordable prices, and value-added services, travel agencies serve as a middleman between service providers and passengers. The travel agency services market includes both digital platforms run by online travel agencies (OTAs) and conventional brick-and-mortar agencies. The increasing demand for personalized and immersive travel, especially from younger generations like millennials and Generation Z, has prompted travel firms to expand and customize their service offerings. Market expansion has been further boosted by government programs that promote tourism, advantageous visa policies, and strategic foreign collaborations. Further contributing to the market's dynamic evolution are the growth of business travel and the rise of bleisure travel trends. However, competition from online platforms, economic volatility, regulatory obstacles, currency fluctuations, and smaller agencies' limited embrace of Type are some of the restraining issues.
The leisure travel segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the type, the travel agency services market is divided into leisure travel, business travel, and specialty travel. Among these, the leisure travel segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. Growing disposable incomes, heightened interest in experience and cultural tourism, and the growing acceptance of personalized travel packages are the main drivers of the leisure travel segment's expansion.
The online travel agencies segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the distribution channel, the travel agency services market is divided into online travel agencies, hybrid, and brick and mortar travel agencies. Among these, the online travel agencies segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The widespread use of smartphones and mobile apps solidifies OTAs' hegemony and establishes them as a major force behind market expansion.
Asia Pacific is expected to hold the majority share of the global travel agency services market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global travel agency services market during the forecast period. The Asia-Pacific area is experiencing fast economic expansion, growing disposable incomes, a growing middle class, and a rise in internet usage. Additionally, the region's high market share during the forecast period is mostly due to expanding domestic and international tourism.
North America is anticipated to grow at the fastest pace in the global travel agency services market during the forecast period. Advanced Type usage, rising demand for individualized travel experiences, and a robust corporate travel industry are all factors contributing to North America's growth, which propels market expansion throughout the region.
Major vendors in the global travel agency services market are Trafalgar, CWT Global BV, Booking Holdings Inc., China tourism group, MakeMyTrip Ltd., eDreams ODIGEO, Expedia Group Inc., Kesari Tours Pvt. Ltd., Trip.com Group Ltd, The Travel Corp, Thomas Cook India Ltd., Services International Ltd., Flight Centre Travel Group Ltd., Corporate Travel Management Ltd., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In August 2025, DIYA, a cutting-edge travel assistant driven by generative artificial intelligence, was introduced by Yatra Online Limited (Yatra). It offers a comprehensive experience, from trip inspiration to post-booking assistance. In contrast to conventional travel chatbots that only offer planning or simple booking features, DIYA is a cutting-edge travel solution that integrates quick booking, post-booking management, multilingual assistance, and full trip creation into a single, intuitive interface.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the travel agency services market based on the below-mentioned segments:
Global Travel Agency Services Market, By Type
- Leisure Travel
- Business Travel
- Specialty Travel
Global Travel Agency Services Market, By Distribution Channel
- Online Travel Agencies
- Hybrid
- Brick and Mortar Travel Agencies
Global Travel Agency Services Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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