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Yahoo
28-05-2025
- Business
- Yahoo
Corporate and Group Travel Sustain Relevance of Traditional Travel Agencies - A $182.7 Billion Market by 2030
This comprehensive report details market trends, drivers, and forecasts, essential for strategic decisions. Despite digital competition, traditional agencies maintain a niche by offering bespoke travel planning and group travel management, leveraging human interaction and expertise for complex itineraries. They integrate technology with personal service to cater to diverse demographics, ensuring relevance with crucial real-time support and exclusive deals. Traditional Travel Agency Market Dublin, May 28, 2025 (GLOBE NEWSWIRE) -- The "Traditional Travel Agency - Global Strategic Business Report" has been added to global market for Traditional Travel Agency was valued at US$154.5 Billion in 2024 and is projected to reach US$182.7 Billion by 2030, growing at a CAGR of 2.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Traditional Travel Agency market. Is There Still a Place for Brick-and-Mortar Travel Agencies in a Digital World?Despite the rise of online travel booking platforms, traditional travel agencies remain an integral part of the global travel ecosystem, especially for complex itineraries, personalized service, and high-touch customer care. These agencies, characterized by physical storefronts and personal interactions, have carved out a resilient niche by focusing on bespoke travel planning, group tours, corporate travel management, and luxury vacations. While younger, tech-savvy travelers tend to book directly through apps or OTAs, traditional travel agencies still command strong loyalty from older demographics, families, and clients seeking hassle-free, full-service planning. Moreover, traditional agencies excel in managing multi-leg international journeys, visa processes, travel insurance, and destination-specific expertise. Their deep supplier networks, relationships with airlines, hotels, and tour operators enable them to secure exclusive deals, upgrades, and added-value services that are often unavailable to self-bookers. During disruptions like pandemics, natural disasters, or airline strikes, these agencies provide real-time support and rebooking services, reaffirming their value in an unpredictable global travel Are Traditional Agencies Adapting to the Tech-Driven Traveler?The survival and gradual evolution of traditional travel agencies can largely be attributed to their strategic integration of technology without abandoning the human touch that defines their core appeal. Many agencies now offer hybrid services - clients may initiate the planning process online but complete it in person or over the phone with an advisor. CRM systems, AI-powered itinerary builders, and dynamic pricing tools are increasingly being used to personalize travel packages and speed up booking processes. Some traditional agencies have developed proprietary platforms or mobile apps that retain a concierge-style user experience while providing real-time updates, digital documentation, and 24/7 support. Others have entered partnerships with fintech providers to offer installment-based payments, insurance bundling, or currency exchange services. More forward-thinking agencies have also embraced digital marketing, utilizing social media, destination webinars, and influencer partnerships to stay relevant to younger audiences. By combining the trust and accountability of a traditional model with selective digital capabilities, agencies are redefining what personalized service looks like in the modern Is Group and Corporate Travel Keeping Traditional Agencies Relevant?A significant portion of traditional travel agencies' sustained revenue comes from group travel and corporate travel services. For group travel - be it for weddings, religious pilgrimages, school trips, or MICE (Meetings, Incentives, Conferences, and Exhibitions) - agencies manage logistics that are too complex for individual booking platforms to handle effectively. They negotiate group rates, coordinate transportation, meals, and lodging, and provide on-ground support in case of emergencies. These high-value bookings are often repeat business and generate stronger margins than solo travel. Similarly, corporate clients rely on traditional agencies for end-to-end travel management that includes expense tracking, policy enforcement, duty of care, and round-the-clock support. These agencies use dedicated business travel platforms and are often integrated into corporate procurement systems, handling everything from visa applications to carbon offsetting strategies. The increasing need for sustainability reporting, travel analytics, and risk mitigation in corporate travel is solidifying the role of travel management companies (TMCs), a subsegment of traditional agencies. These factors are ensuring that traditional players remain indispensable in specific travel Fueling the Continued Relevance of Traditional Travel Agencies?The growth in the traditional travel agency market is driven by several factors grounded in customer behavior, service complexity, and evolving travel trends. One major driver is the growing demand for expert-led, customized travel experiences among high-net-worth individuals, families, and retirees who prefer personal consultation over algorithmic recommendations. Another is the resurgence of group and religious tourism, where logistical coordination, trust, and local knowledge are paramount - needs best addressed by traditional agencies. The complexity of international travel, including visa requirements, insurance mandates, and health documentation, continues to push travelers toward expert assistance. Corporate travel's increasing sophistication and need for end-to-end service integration is also a key contributor, with businesses prioritizing managed travel over ad hoc bookings. In addition, many travelers returning to the market post-COVID are seeking security, rebooking flexibility, and trusted advice - preferences that align with the value proposition of traditional agencies. Lastly, as many online platforms struggle to offer human support during disruptions, the personalized guidance offered by physical agencies is regaining favor among experience-driven travelers seeking reliability and tailored ScopeThe report analyzes the Traditional Travel Agency market, presented in terms of market value (US$ Thousand). The analysis covers the key segments outlined Service Type (Transportation, Travel Accommodation, Vacation Packages) Age Group (22 - 31 Yrs, 32 - 43 Yrs, 44 - 56 Yrs, Above 56 Yrs) Key Insights: Market Growth: Understand the significant growth trajectory of the Transportation Service segment, which is expected to reach US$109.3 Billion by 2030 with a CAGR of a 3.3%. The Travel Accommodation Service segment is also set to grow at 2.4% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $42.1 Billion in 2024, and China, forecasted to grow at an impressive 5.5% CAGR to reach $35.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as Abercrombie & Kent, Audley Travel, BCD Travel, CWT (formerly Carlson Wagonlit Travel), Flight Centre Travel Group and more. Key Attributes: Report Attribute Details No. of Pages 283 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $154.5 Billion Forecasted Market Value (USD) by 2030 $182.7 Billion Compound Annual Growth Rate 2.8% Regions Covered Global Key Topics Covered: MARKET OVERVIEW World Market Trajectories Traditional Travel Agency - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Rising Demand for Personalized Travel Planning Spurs Need for Human-Centric Advisory Complex Multi-Destination and Luxury Travel Itineraries Strengthen Case for Expert Agents Ageing Population and Senior Travelers Drive Demand for Guided and Assisted Tours Expansion of Business Travel Recovery Post-COVID Supports Agency Revenues Integration of AI Chatbots and Booking Engines Enhances Agency Productivity Increasing Mistrust in Online Booking Platforms Throws Spotlight Back on Agency Services Growth in Adventure and Niche Travel Segments Propels Specialization of Travel Agents Cross-Border Visa and Documentation Assistance Expands Market Relevance of Agencies Strategic Partnerships with Airlines and Hotels Spur Commission-Based Revenue Growth Corporate Contracts and Loyalty Programs Sustain Demand in Business Travel Segment Revival of Cruise and Group Travel Accelerates Agency Bookings Rise in Sustainable Travel Preferences Drives Agencies to Curate Eco-Friendly Packages FOCUS ON SELECT PLAYERSSome of the 43 companies featured in this Traditional Travel Agency market report include: Abercrombie & Kent Audley Travel BCD Travel CWT (formerly Carlson Wagonlit Travel) Flight Centre Travel Group Frosch International Travel Helloworld Travel House of Travel Intrepid Travel Kuoni Travel Liberty Travel Omega World Travel Scott Dunn STA Travel Trailfinders Travel Leaders Group TravelStore TUI Group Uniglobe Travel Viagens Abreu For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Traditional Travel Agency Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Time Out
08-05-2025
- Time Out
See inside The Travel Agency's trippy new dispensary in Soho
The Travel Agency has been one of our favorite dispensaries in the New York since it debuted in 2023—partially, because shopping at one of its locations can feel like stepping into a museum, and its expertly-curated inventory of cannabis and lifestyle products is second to none. If you're a newbie, don't worry—it has expert "budtenders" willing to help you sort through the weeds. Now, in addition to its much-loved locations across Union Square, Downtown Brooklyn and Fifth Avenue, the Travel Agency just opened a new store at 598 Broadway in the heart of Soho, and it's giving pure psychedelic vibes. The newest Travel Agency pays homage to downtown artists and design by blending sculptural art, trippy architecture and functional cannabis pieces in a deeply immersive store. This particular location was designed in collaboration with several creative studios, including Leong Leong Architecture, which created the store's minimalist architecture; Big Heavy Studios, which made custom fabrications to display the store's products as if they were art in a gallery; and Breakfast Studio, which installed a kinetic data-driven art installation by artist Andrew Zolty. The new store also includes a curated bong gallery featuring water pipes crafted by Milan-based artist Serena Confalonieri and Mexican sculptor Juan Manuel Carmona. Here's a sneak peek inside the new store. "As part of our mission to create retail experiences worth sightseeing, The Travel Agency has expanded to SoHo, one of New York's most iconic cultural destinations," says Arana Hankin-Biggers, one of the founders of The Travel Agency. "Long associated with boundary-pushing artists like Keith Haring and Jean-Michel Basquiat, the neighborhood's creative legacy serves as key inspiration for the brand's newest location."
