U.S. Travel Arrangement and Reservation Sector to Top $57 Billion in 2020: Skift Research Forecast
Photo Credit: The U.S. travel arrangement and reservation sector is poised for more growth in 2020. Pexels / Porapak Apichodilok
Skift Take
The travel arrangement and reservation services sector has experienced strong growth for the past few years and outperformed other major travel verticals. We believe this trend will continue in the next few years, aided by more digital transformation.
Consumers might not know the differences between a travel agent, a tour operator, and an online travel agency. And indeed, the travel arrangement and reservation services sector is a complex one, with increasingly intertwined services.
While online travel agencies revolutionized the travel industry by making travel the first consumer sector to shift to online commerce, a large portion of the rest of the travel arrangement sector is at the bottom of digitalization across all major travel verticals. We believe this is about to change.
Last week we launched the latest report in our Skift Research service, U.S. Travel Arrangement and Reservation Services sector: Skift Research Estimates 2020.
Below is an excerpt from this report. Get the full report here to stay ahead of this trend.
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Positive Market Outlook for 2020
In our year-end Skift Global Travel Economy Outlook 2020 report, we forecast 2020 to be another solid year of growth for travel,
