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| Report Code: A05706 | Sep 2019 | Pages: 162 | ||
| Tables: 101 | Charts: 38 |
| |
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Request Now !The Asia-Pacific group travel market size is expected to be valued at $689.5 billion by 2030, registering a CAGR of 6.0% from 2019 to 2030. According to UNWTO, Tourism is a social, cultural, and economic phenomenon, which entails movement of people across countries or places outside their usual environment for personal or professional purpose. Tourism sector has grown uninterrupted over the past years, becoming one of the fastest and largest-growing economic sectors around the world. International tourist arrivals have consistently grown over the years, from 25 million in 1950 to about 670 million in 2000 and reaching about a billion in 2012. In 2017s, international tourist arrivals grew by a remarkable 7%, recording a total arrival of about 1.3 billion. Furthermore, 2018 experienced an increase of international tourist arrivals for about 6% recording total arrivals of 1.4 billion tourists worldwide.
The Asia-Pacific tourism market attracts numerous travelers from intra region as well as inter region. Intraregional tourist arrivals are anticipated to rise at the robust rate in Asia-Pacific region. Moreover, Asia-Pacific offers diverse leisure and adventure activities. Rain forests of Borneo, Mount Everest of Nepal, Sundarbans in India, and Whale watching in New Zealand have attracted tourists from round the world. Economic growth, ease of travel restrictions, increase in competition, and aggressive promotion strategies adopted by the engaged stakeholders in the industry along with regional government have significantly promoted and accelerated the expansion of the Asia-Pacific group travel industry.
However, the industry faces major challenges of terrorism, political unrest, and climate change. Political unrest and terrorism have affected the overall volume of foreign trips and choice of destination. Terrorism risk tends to profoundly intimidate the tourist affecting tourist perceptions of destinations and travel behavior. A mismanaged disaster results in tarnishing of destination’s image of safety with cascading effects of long-term crisis for the local tourism industry. Aftermath of terror attacks in country results in cancellation of bookings by various tour operators and agencies. Political unrest and terrorism results in the turmoil of the affected regional tourism industry
Groups that travel for the purpose of leisure, recreation, and vacations are termed as leisure groups. This also includes travel by groups for relaxation and entertainment. Leisure travel is often characterized by experiencing local tourist attractions, relaxing on beaches, or staying in congenial resorts and hotels. Travel for leisure dawned from the nineteenth century, however today’s leisure tourism industry has evolved multidimensionally. People are now extensively stepping outside the hectic lifestyle to unwind and release stress. As a result, travelers are looking for different ways to enhance their travel experience, which includes recreational activities, spiritual activities, and cultural activities.
Last few years have experienced radical transformation in the working of travel agencies. As more people are now being connected to internet, travel agencies have started their own website with diversified travel packages offerings around the world. The agencies use high end technology travel solutions with the latest updates and details of thousands of hotels, flights, and car rental services available with them. Furthermore, companies through their innovative mobile travel apps are now attracting large audiences for travel bookings. Apps infused with various features powered by artificial intelligence are being developed to remain connected to travelers throughout their journey and assist them during their visit. Travel apps offer high flexibility, wide options, and seamless consumer experience, and thus acts as a prominent differentiating factor for the tourists while choosing a travel agency. As a result, the travel agencies segment leads in terms of Asia-Pacific group travel market share in 2018 and is expected to retain its dominance throughout the Asia-Pacific group travel market forecast period.
The Asia-Pacific group travel market is segmented based on group type, sales channel, and country. Based on group type, the Asia-Pacific group travel market is studied across leisure group, special interest group, high end group and incentive travel. Based on sales channel, the Asia-Pacific group travel market is bifurcated into travel agencies and tour operators. To gain a comprehensive understanding, the Asia-Pacific group travel market scenario is analyzed across key countries namely Thailand, Indonesia, Malaysia, Singapore, India, Philippines, China, Taiwan, Hong Kong, Japan, Korea, and rest of Asia-Pacific.
The Asia-Pacific group travel market analysis offers lucrative growth opportunities for the engaged stakeholders in the industry. Rise in disposable income, expansion of logistics & infrastructure, and rigorous promotion and advertising of regional tourism by respective governments majorly drive the Asia-Pacific group travel market growth. The region offers lucrative opportunities to market players for launching innovative packages for group travelers in the region.
The key players profiled in the report for Asia-Pacific group travel market are EXO Travel, Thomas Cook (India) Limited, G2 Travel, Apollo Asia Travel Group (AATG), Destination Asia, Expedia, Inc. Miki Travel Limited, Trafalgar, and ASIA DMC
The Asia-Pacific group travel market report provides an extensive analysis of the current and emerging Asia-Pacific group travel market shares and opportunities.
The report provides detailed qualitative and quantitative analysis of the current Asia-Pacific group travel market trends and future estimations that help evaluate the prevailing market opportunities.
The market forecast is offered along with information related to Asia-Pacific Group Travel market size, key drivers, restraints, and opportunities.
The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth and Asia-Pacific group travel market demand.
Asia-Pacific Group Travel Market Report Highlights
| Aspects | Details |
|---|---|
| By Sales Channel |
|
| By GROUP TYPE |
|
| By Country |
|
| Key Market Players | Trafalgar, EXO Travel, G2 Travel, Destination Asia, Expedia, In, Apollo Asia Travel Group (AATG), ASIA DMC, Globus, Miki Travel Limited, Thomas Cook (India) Limited |
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits
1.4. Research methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Top winning strategies
3.4. Porter's five forces analysis
3.4.1. Bargaining power of suppliers
3.4.2. Threat of new entrants
3.4.3. Threat of substitutes
3.4.4. Competitive rivalry
3.4.5. Bargaining power of buyers
3.5. Top player positioning
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. Pursuit of unique experiences to augment the global tourism industry
3.6.1.2. Mobile applications, big data analytics, and artificial intelligence evolving together amidst proliferating tourism industry
3.6.1.3. Rise of social media positively impacting travel industry
3.6.2. Restraints
3.6.2.1. Fluctuating Fortunes for Destinations
3.6.2.2. Nature and Tourism no longer in Sync
3.6.3. Opportunities
3.6.3.1. Unique Destinations gaining high traction amongst tourists
3.6.3.2. Eco-mmodation—new trend amongst millennials
CHAPTER 4: ASIA-PACIFIC GROUP TRAVEL MARKET, BY GROUP TYPE
4.1. Overview
4.1.1. Market size and forecast by group type
4.2. Leisure Group
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast
4.3. Special Interest Group
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast
4.4. High End Group
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast
4.5. Incentive travel
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast
CHAPTER 5: ASIA-PACIFIC GROUP TRAVEL MARKET BY SALES CHANNEL
5.1. Overview
5.1.1. Market size and forecast by sales channel
5.2. Travel Agencies
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast
5.3. Tour Operators
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast by SALES CHANNEL
CHAPTER 6: ASIA-PACIFIC GROUP TRAVEL MARKET BY COUNTRY
6.1. Overview
6.1.1. Market size and forecast
6.1.2. Thailand
6.1.2.1. Overview
6.1.2.2. Market size and forecast, by group type
6.1.2.3. Market size and forecast, by sales channel
6.1.3. Indonesia
6.1.3.1. Overview
6.1.3.2. Market size and forecast, by group type
6.1.3.3. Market size and forecast, by sales channel
6.1.4. Malaysia
6.1.4.1. Overview
6.1.4.2. Market size and forecast, by group type
6.1.4.3. Market size and forecast, by sales channel
6.1.5. Singapore
6.1.5.1. Overview
6.1.5.2. Market size and forecast, by group type
6.1.5.3. Market size and forecast, by sales channel
6.1.6. India
6.1.6.1. Overview
6.1.6.2. Market size and forecast, by group type
6.1.6.3. Market size and forecast, by sales channel
6.1.7. Philippines
6.1.7.1. Overview
6.1.7.2. Market size and forecast, by group type
6.1.7.3. Market size and forecast, by sales channel
6.1.8. China
6.1.8.1. Overview
6.1.8.2. Market size and forecast, by group type
6.1.8.3. Market size and forecast, by sales channel
6.1.9. Taiwan
6.1.9.1. Overview
6.1.9.2. Market size and forecast, by group type
6.1.9.3. Market size and forecast, by sales channel
6.1.10. Hong Kong
6.1.10.1. Overview
6.1.10.2. Market size and forecast, by group type
6.1.10.3. Market size and forecast, by sales channel
6.1.11. Japan
6.1.11.1. Overview
6.1.11.2. Market size and forecast, by group type
6.1.11.3. Market size and forecast, by sales channel
6.1.12. Korea
6.1.12.1. Overview
6.1.12.2. Market size and forecast, by group type
6.1.12.3. Market size and forecast, by sales channel
6.1.13. Rest of Asia-Pacific
6.1.13.1. Overview
6.1.13.2. Market size and forecast, by group type
6.1.13.3. Market size and forecast, by sales channel
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1.1. COMPETITION DASHBOARD
7.1.2. COMPETITVE HEATMAP OF KEY PLAYERS
7.1. Key developments
7.1.1. Acquisition
7.1.2. Agreement
7.1.3. Business Expansion
7.1.4. Launch
7.1.5. Partnership
CHAPTER 8: COMPANY PROFILES
8.1. Apollo Asia Travel Group (AATG)
8.1.1. Company overview
8.1.2. Key Executive
8.1.3. Company snapshot
8.1.4. Product portfolio
8.2. ASIA DMC
8.2.1. Company overview
8.2.2. Key Executive
8.2.3. Company snapshot
8.2.4. Service portfolio
8.2.5. Key strategic moves and developments
8.3. Destination Asia
8.3.1. Company overview
8.3.2. Key Executive
8.3.3. Company snapshot
8.3.4. Service portfolio
8.3.5. Key strategic moves and developments
8.4. EXO Travel
8.4.1. Company overview
8.4.2. Key Executive
8.4.3. Company snapshot
8.4.4. Service portfolio
8.4.5. Key strategic moves and developments
8.5. Expedia, Inc.
8.5.1. Company overview
8.5.2. Key Executive
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Service portfolio
8.5.6. R&D Expenditure
8.5.7. Business performance
8.5.8. Key strategic moves and developments
8.6. G2 Travel
8.6.1. Company overview
8.6.2. Key Executive
8.6.3. Company snapshot
8.6.4. Product portfolio
8.7. Globus
8.7.1. Company overview
8.7.2. Key Executive
8.7.3. Company snapshot
8.7.4. Product portfolio
8.8. Miki Travel Limited
8.8.1. Company overview
8.8.2. Key Executive
8.8.3. Company snapshot
8.8.4. Product portfolio
8.8.5. Key strategic moves and developments
8.9. Thomas Cook (India) Limited
8.9.1. Company overview
8.9.2. Key Executive
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Service portfolio
8.9.6. Business performance
8.9.7. Key strategic moves and developments
8.10. Trafalgar
8.10.1. Company overview
8.10.2. Key Executive
8.10.3. Company snapshot
8.10.4. Service portfolio
8.10.5. Key strategic moves and developments
LIST OF TABLES
TABLE 01. ASIA-PACIFIC GROUP TRAVEL MARKET, BY GROUP TYPE, 2017–2022 ($MILLION)
TABLE 02. ASIA-PACIFIC GROUP TRAVEL MARKET, BY GROUP TYPE, 2017–2022 ($MILLION)
TABLE 03. ASIA-PACIFIC LEISURE GROUP TRAVEL MARKET, BY COUNTRY, 2017–2022 ($MILLION)
TABLE 04. ASIA-PACIFIC LEISURE GROUP TRAVEL MARKET, BY COUNTRY, 2023–2030 ($MILLION)
TABLE 05. ASIA-PACIFIC SPECIAL INTEREST GROUP TRAVEL MARKET, BY COUNTRY, 2017–2022 ($MILLION)
TABLE 06. ASIA-PACIFIC SPECIAL INTEREST GROUP TRAVEL MARKET, BY COUNTRY, 2023–2030 ($MILLION)
TABLE 07. ASIA-PACIFIC HIGH-END GROUP TRAVEL MARKET, BY COUNTRY, 2017–2022 ($MILLION)
TABLE 08. ASIA-PACIFIC HIGH END GROUP TRAVEL MARKET, BY COUNTRY, 2023–2030 ($MILLION)
TABLE 09. ASIA-PACIFIC INCENTIVE GROUP TRAVEL MARKET, BY COUNTRY, 2017–2022 ($MILLION)
TABLE 10. ASIA-PACIFIC INCENTIVE GROUP TRAVEL MARKET, BY COUNTRY, 2023–2030 ($MILLION)
TABLE 11. ASIA-PACIFIC GROUP TRAVEL MARKET, BY SALES CHANNEL, 2017–2022 ($MILLION)
TABLE 12. ASIA-PACIFIC GROUP TRAVEL MARKET, BY SALES CHANNEL, 2023–2030 ($MILLION)
TABLE 13. ASIA-PACIFIC GROUP TRAVEL MARKET BOOKING THROUGH TRAVEL AGENCIES, BY COUNTRY, 2017–2022 ($MILLION)
TABLE 14. ASIA-PACIFIC GROUP TRAVEL MARKET BOOKING THROUGH TRAVEL AGENCIES, BY COUNTRY, 2023–2030 ($MILLION)
TABLE 15. ASIA-PACIFIC GROUP TRAVEL MARKET BOOKING THROUGH TOUR OPERATORS, BY COUNTRY, 2017–2022 ($MILLION)
TABLE 16. ASIA-PACIFIC GROUP TRAVEL MARKET BOOKING THROUGH TOUR OPERATORS, BY COUNTRY, 2023–2030 ($MILLION)
TABLE 17. ASIA-PACIFIC GROUP TRAVEL MARKET, BY COUNTRY, 2017–2022 ($MILLION)
TABLE 18. ASIA-PACIFIC GROUP TRAVEL MARKET, BY COUNTRY, 2023–2030 ($MILLION)
TABLE 19. THAILAND GROUP TRAVEL MARKET, BY GROUP TYPE, 2017–2022 ($MILLION)
TABLE 20. THAILAND GROUP TRAVEL MARKET, BY GROUP TYPE, 2023–2030 ($MILLION)
TABLE 21. THAILAND GROUP TRAVEL MARKET, BY SALES CHANNEL, 2017–2022 ($MILLION)
TABLE 22. THAILAND GROUP TRAVEL MARKET, BY SALES CHANNEL, 2023–2030 ($MILLION)
TABLE 23. INDONESIA GROUP TRAVEL MARKET, BY GROUP TYPE, 2017–2022 ($MILLION)
TABLE 24. INDONESIA GROUP TRAVEL MARKET, BY GROUP TYPE, 2023–2030 ($MILLION)
TABLE 25. INDONESIA GROUP TRAVEL MARKET, BY SALES CHANNEL, 2017–2022 ($MILLION)
TABLE 26. INDONESIA GROUP TRAVEL MARKET, BY SALES CHANNEL, 2023–2030 ($MILLION)
TABLE 27. MALAYSIA GROUP TRAVEL MARKET, BY GROUP TYPE, 2017–2022 ($MILLION)
TABLE 28. MALAYSIA GROUP TRAVEL MARKET, BY GROUP TYPE, 2023–2030 ($MILLION)
TABLE 29. MALAYSIA GROUP TRAVEL MARKET, BY SALES CHANNEL, 2017–2022 ($MILLION)
TABLE 30. MALAYSIA GROUP TRAVEL MARKET, BY SALES CHANNEL, 2023–2030 ($MILLION)
TABLE 31. SINGAPORE GROUP TRAVEL MARKET, BY GROUP TYPE, 2017–2022 ($MILLION)
TABLE 32. SINGAPORE GROUP TRAVEL MARKET, BY GROUP TYPE, 2023–2030 ($MILLION)
TABLE 33. SINGAPORE GROUP TRAVEL MARKET, BY SALES CHANNEL, 2017–2022 ($MILLION)
TABLE 34. SINGAPORE GROUP TRAVEL MARKET, BY SALES CHANNEL, 2023–2030 ($MILLION)
TABLE 35. INDIA GROUP TRAVEL MARKET, BY GROUP TYPE, 2017–2022 ($MILLION)
TABLE 36. INDIA GROUP TRAVEL MARKET, BY GROUP TYPE, 2023–2030 ($MILLION)
TABLE 37. INDIA GROUP TRAVEL MARKET, BY SALES CHANNEL, 2017–2022 ($MILLION)
TABLE 38. INDIA GROUP TRAVEL MARKET, BY SALES CHANNEL, 2023–2030 ($MILLION)
TABLE 39. PHILIPPINES GROUP TRAVEL MARKET, BY GROUP TYPE, 2017–2022 ($MILLION)
TABLE 40. PHILIPPINES GROUP TRAVEL MARKET, BY GROUP TYPE, 2023–2030 ($MILLION)
TABLE 41. PHILIPPINES GROUP TRAVEL MARKET, BY SALES CHANNEL, 2017–2022 ($MILLION)
TABLE 42. PHILIPPINES GROUP TRAVEL MARKET, BY SALES CHANNEL, 2023–2030 ($MILLION)
TABLE 43. CHINA GROUP TRAVEL MARKET, BY GROUP TYPE, 2017–2022 ($MILLION)
TABLE 44. CHINA GROUP TRAVEL MARKET, BY GROUP TYPE, 2023–2030 ($MILLION)
TABLE 45. CHINA GROUP TRAVEL MARKET, BY SALES CHANNEL, 2017–2022 ($MILLION)
TABLE 46. CHINA GROUP TRAVEL MARKET, BY SALES CHANNEL, 2023–2030 ($MILLION)
TABLE 47. TAIWAN GROUP TRAVEL MARKET, BY GROUP TYPE, 2017–2022 ($MILLION)
TABLE 48. TAIWAN GROUP TRAVEL MARKET, BY GROUP TYPE, 2023–2030 ($MILLION)
TABLE 49. TAIWAN GROUP TRAVEL MARKET, BY SALES CHANNEL, 2017–2022 ($MILLION)
TABLE 50. TAIWAN GROUP TRAVEL MARKET, BY SALES CHANNEL, 2023–2030 ($MILLION)
TABLE 51. HONG KONG GROUP TRAVEL MARKET, BY GROUP TYPE, 2017–2022 ($MILLION)
TABLE 52. HONG KONG GROUP TRAVEL MARKET, BY GROUP TYPE, 2023–2030 ($MILLION)
TABLE 53. HONG KONG GROUP TRAVEL MARKET, BY SALES CHANNEL, 2017–2022 ($MILLION)
TABLE 54. HONG KONG GROUP TRAVEL MARKET, BY SALES CHANNEL, 2023–2030 ($MILLION)
TABLE 55. JAPAN GROUP TRAVEL MARKET, BY GROUP TYPE, 2017–2022 ($MILLION)
TABLE 56. JAPAN GROUP TRAVEL MARKET, BY GROUP TYPE, 2023–2030 ($MILLION)
TABLE 57. JAPAN GROUP TRAVEL MARKET, BY SALES CHANNEL, 2017–2022 ($MILLION)
TABLE 58. JAPAN GROUP TRAVEL MARKET, BY SALES CHANNEL, 2023–2030 ($MILLION)
TABLE 59. KOREA GROUP TRAVEL MARKET, BY GROUP TYPE, 2017–2022 ($MILLION)
TABLE 60. KOREA GROUP TRAVEL MARKET, BY GROUP TYPE, 2023–2030 ($MILLION)
TABLE 61. KOREA GROUP TRAVEL MARKET, BY SALES CHANNEL, 2017–2022 ($MILLION)
TABLE 62. KOREA GROUP TRAVEL MARKET, BY SALES CHANNEL, 2023–2030 ($MILLION)
TABLE 63. REST OF ASIA-PACIFIC GROUP TRAVEL MARKET, BY GROUP TYPE, 2017–2022 ($MILLION)
TABLE 64. REST OF ASIA-PACIFIC GROUP TRAVEL MARKET, BY GROUP TYPE, 2023–2030 ($MILLION)
TABLE 65. REST OF ASIA-PACIFIC GROUP TRAVEL MARKET, BY SALES CHANNEL, 2017–2022 ($MILLION)
TABLE 66. REST OF ASIA-PACIFIC GROUP TRAVEL MARKET, BY SALES CHANNEL, 2023–2030 ($MILLION)
TABLE 67. AATG: KEY EXECUTIVES
TABLE 68. AATG: COMPANY SNAPSHOT
TABLE 69. AATG: SERVICE PORTFOLIO
TABLE 70. ASIA DMC: KEY EXECUTIVES
TABLE 71. ASIA DMC: COMPANY SNAPSHOT
TABLE 72. ASIA DMC: SERVICE PORTFOLIO
TABLE 73. DESTINATION ASIA: KEY EXECUTIVES
TABLE 74. DESTINATION ASIA: COMPANY SNAPSHOT
TABLE 75. DESTINATION ASIA: SERVICE PORTFOLIO
TABLE 76. EXO TRAVEL: KEY EXECUTIVES
TABLE 77. EXO TRAVEL: COMPANY SNAPSHOT
TABLE 78. EXO TRAVEL: SERVICE PORTFOLIO
TABLE 79. EXPEDIA, INC.: KEY EXECUTIVES
TABLE 80. EXPEDIA, INC.: COMPANY SNAPSHOT
TABLE 81. EXPEDIA, INC.: OPERATING SEGMENTS
TABLE 82. EXPEDIA, INC.: SERVICE PORTFOLIO
TABLE 83. EXPEDIA, INC.: R&D EXPENDITURE, 2016–2018 ($MILLION)
TABLE 84. EXPEDIA, INC.: NET SALES, 2016–2018 ($MILLION)
TABLE 85. G2 TRAVEL: KEY EXECUTIVES
TABLE 86. G2 TRAVEL: COMPANY SNAPSHOT
TABLE 87. G2 TRAVEL: PRODUCT PORTFOLIO
TABLE 88. GLOBUS: KEY EXECUTIVES
TABLE 89. GLOBUS: COMPANY SNAPSHOT
TABLE 90. GLOBUS: PRODUCT PORTFOLIO
TABLE 91. MIKI TRAVEL LIMITED: KEY EXECUTIVES
TABLE 92. MIKI TRAVEL LIMITED: COMPANY SNAPSHOT
TABLE 93. MIKI TRAVEL LIMITED: PRODUCT PORTFOLIO
TABLE 94. THOMAS COOK (INDIA) LIMITED: KEY EXECUTIVES
TABLE 95. THOMAS COOK (INDIA) LIMITED: COMPANY SNAPSHOT
TABLE 96. THOMAS COOK (INDIA) LIMITED: OPERATING SEGMENTS
TABLE 97. THOMAS COOK (INDIA) LIMITED: SERVICE PORTFOLIO
TABLE 98. THOMAS COOK (INDIA) LIMITED: NET SALES, 2016–2018 ($MILLION)
TABLE 99. TRAFALGAR: KEY EXECUTIVES
TABLE 100. TRAFALGAR: COMPANY SNAPSHOT
TABLE 101. TRAFALGAR: SERVICE PORTFOLIO
LIST OF FIGURES
FIGURE 01. ASIA-PACIFIC GROUP TRAVEL MARKET: KEY MARKET SEGMENTS
FIGURE 02. ASIA-PACIFIC GROUP TRAVEL MARKET VALUE SNAPSHOT
FIGURE 03. TOP INVESTMENT POCKET BY GROUP TYPE
FIGURE 04. TOP WINNING STRATEGIES, BY YEAR, 2016–2019*
FIGURE 05. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016–2019* (%)
FIGURE 06. TOP WINNING STRATEGIES, BY COMPANY, 2016–2019*
FIGURE 07. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 08. MODERATE THREAT OF NEW ENTRANTS
FIGURE 09. LOW THREAT OF SUBSTITUTES
FIGURE 10. HIGH COMPETITIVE RIVALRY
FIGURE 11. HIGH BARGAINING POWER OF BUYERS
FIGURE 12. TOP PLAYER POSITIONING, 2017
FIGURE 13. ASIA-PACIFIC GROUP TRAVEL MARKET DYNAMICS
FIGURE 14. ASIA-PACIFIC GROUP TRAVEL MARKET SHARE, BY GROUP TYPE, 2017 & 2030 (%)
FIGURE 15. ASIA-PACIFIC GROUP TRAVEL MARKET SHARE BY SALES CHANNEL, 2017 (%)
FIGURE 16. ASIA-PACIFIC GROUP TRAVEL MARKET SHARE BY COUNTRY, 2017 (%)
FIGURE 17. THAILAND GROUP TRAVEL MARKET, 2017–2030 ($MILLION)
FIGURE 18. INDONESIA GROUP TRAVEL MARKET, 2017–2030 ($MILLION)
FIGURE 19. MALAYSIA GROUP TRAVEL MARKET, 2017–2030 ($MILLION)
FIGURE 20. SINGAPORE GROUP TRAVEL MARKET, 2017–2030 ($MILLION)
FIGURE 21. INDIA GROUP TRAVEL MARKET, 2017–2030 ($MILLION)
FIGURE 22. PHILIPPINES GROUP TRAVEL MARKET, 2017–2030 ($MILLION)
FIGURE 23. CHINA GROUP TRAVEL MARKET, 2017–2030 ($MILLION)
FIGURE 24. TAIWAN GROUP TRAVEL MARKET, 2017–2030 ($MILLION)
FIGURE 25. HONG KONG GROUP TRAVEL MARKET, 2017–2030 ($MILLION)
FIGURE 26. JAPAN GROUP TRAVEL MARKET, 2017–2030 ($MILLION)
FIGURE 27. KOREA GROUP TRAVEL MARKET, 2017–2030 ($MILLION)
FIGURE 28. REST OF ASIA-PACIFIC GROUP TRAVEL MARKET, 2017–2030 ($MILLION)
FIGURE 29. COMPETITVE HEATMAP OF KEY PLAYERS
FIGURE 30. EXPEDIA, INC.: R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 31. EXPEDIA, INC.: NET SALES, 2016–2018 ($MILLION)
FIGURE 32. EXPEDIA, INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 33. EXPEDIA, INC.: REVENUE SHARE BY BUSINESS MODEL, 2018 (%)
FIGURE 34. EXPEDIA, INC.: REVENUE SHARE BY SERVICE TYPE, 2018 (%)
FIGURE 35. EXPEDIA, INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 36. THOMAS COOK (INDIA) LIMITED: NET SALES, 2016–2018 ($MILLION)
FIGURE 37. THOMAS COOK (INDIA) LIMITED: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 38. THOMAS COOK (INDIA) LIMITED: REVENUE SHARE BY REGION, 2018 (%)
Asia-Pacific has enjoyed exceptional performance in international tourism in the last few years with above 80% of travelers being intraregional. Outbound demand is led by China, the world’s leading source market and top spender since 2012. Asia-Pacific’s dynamic economies have continued to nurture the region both as an outbound and inbound regional source market in the context of global tourism. Rapid economic growth in a region coupled with market openness in addition to rise in air connectivity and travel facilitation augment tourism in the Asia-Pacific region, both to/from other regions (interregional) and within the region (intraregional).
Identifying white spaces for further development and facilitation of tourism requires consortium to address social issues and shift in consumer preferences. Addressing the regional trends and adapting business accordingly requires colossal level of collaboration and agreement across different complex business and technology.
While majority of investment continues to foster toward tourism infrastructure in the form of airports, hotels, and attraction spots, the issue of human capital in tourism is anticipated to become more critical in the upcoming future sector. As a result, greater strides must be made aligning attention toward education and training in the tourism sector
A. The forecast period of Asia-Pacific Group Travel market report is from 2019 to 2030.
A. The global Asia-Pacific Group Travel market was valued at $ 363.1 billion in 2019
A. The report covers detailed profiling of key companies operating in the market including EXO Travel, Thomas Cook (India) Limited, G2 Travel, Apollo Asia Travel Group (AATG), Destination Asia, Expedia, Inc. among others
A. Top companies holding significant market share are EXO Travel, G2 Travel, Apollo Asia Travel Group (AATG), Expedia, Inc.
A. The travel agencies segment of the report is expected to growth at a healthy CAGR during the forecast period
A. The rise in demand for unique holiday experience is expected to drive the growth of the group travel market.
A. Leisure group, special interest group, high end group, and incentive traveler groups are currently trending in the market
A. Leisure group segment of the report hold maximum market share in 2019.
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