Travel Market Insights

$36.94 Bn B2B Travel Market by Offering (Services,

Published

11 months ago

August 9, 2024

Dublin, Aug. 09, 2024 (GLOBE NEWSWIRE) — The “Global B2B Travel Market by Offering (Services, Solutions), End-User (Hotel Booking Portals, Online Travel Agencies, Tour Operators) – Forecast 2024-2030” report has been added to ResearchAndMarkets.com’s offering.

The B2B Travel Market grew from USD 32.71 billion in 2023 to USD 36.94 billion in 2024. It is expected to continue growing at a CAGR of 13.27%, reaching USD 78.30 billion by 2030.

The B2B travel agencies design comprehensive customer travel experiences by leveraging a network of professional relationships and synchronized services. The growing need for enhanced business travel solutions and an increase in the number of travel agencies, tourism companies, and tour operators are accelerating the adoption of B2B travel services.

The adoption of B2B travel applications and online portals is increasing as it streamlines booking and management processes while providing real-time information to businesses. However, the limited availability of well-structured information systems coupled with technology issues that can cause inefficiencies in accessing accurate data and executing transactions smoothly may adversely impact the adoption of B2B travel services. Besides, integrating innovative features into B2B travel solutions can enhance user experience and encourage end-users to adopt B2B travel in the upcoming years.

Recent Developments

AVIAREPS and the Shanghai Government Launch B2B Platform “SmoothTravel” to Boost Global Business with the Chinese Travel Market

AVIAREPS, a global player in travel representation, in collaboration with the Shanghai Municipal Government, launched SmoothTravel, Shanghai’s official online platform dedicated to B2B travel. This innovative platform facilitates seamless connections within the global travel sector, offering access to a wide network of Chinese travel agencies, tour wholesalers, online travel agencies (OTAs), and MICE agents focused on the East China market.

Sabre and Revolut Transform B2B Payments in Travel Industry with Successful Partnership

Sabre, a technology provider in the global travel industry, and the innovative fintech challenger bank Revolut collaborated to revolutionize travel agencies handling B2B payments. The collaboration marks a significant milestone, with over 40 customers benefiting from the integration. Travel agencies enjoy enhanced payment flexibility and security by seamlessly incorporating Revolut’s virtual cards into the Sabre Virtual Payments platform. This integration facilitates streamlined payments to airlines, hotels, and other suppliers, marking a transformative step in the financial operations within the travel agency sector.

Travel Counsellors Acquires Planisto, a Travel Technology Platform

Travel Counsellors, a network of home-based travel advisers headquartered in Manchester, expanded its technological capabilities by acquiring Planisto, a B2B travel technology platform previously developed by EURAM. This strategic acquisition signals a significant enhancement for Travel Counsellors, as integrating Planisto’s technology will empower their team to design and present highly intricate travel itineraries more intuitively and consumer-friendly. This move strengthens Travel Counsellors’ position in the market by enriching their service offering and underscores their commitment to leveraging advanced technology to meet the sophisticated needs of today’s travelers.

Regional Insights

The B2B travel market is evolving in the Americas due to rapid technological advancements, customer preferences, and increased demand for online travel services. In the Asia-Pacific (APAC) region, surging economic growth coupled with an increasing number of B2B travel businesses offering innovative services that cater to personalized demands is resulting in increased adoption of B2B travel services.

The EMEA region represents a diverse landscape for B2B travel companies due to significant investments in tourism infrastructure projects and the utilization of advanced technologies, such as AI and blockchain solutions, to manage corporate travel. Additionally, the B2B travel service providers emphasize delivering tailored leisure experiences while ensuring regulatory compliance and data security, which is anticipated to boost the adoption of B2B travel services worldwide.

Key Attributes:

Report Attribute	Details
No. of Pages	190
Forecast Period	2024 – 2030
Estimated Market Value (USD) in 2024	$36.94 Billion
Forecasted Market Value (USD) by 2030	$78.3 Billion
Compound Annual Growth Rate	13.2%
Regions Covered	Global

Market Dynamics

Market Segmentation Analysis

Offering: Penetration of significant offerings for B2B travel
End-User: Expansive availability of the online travel agencies and hotel booking portals with the growing travel and tourism sector

Market Drivers

Growing need for enhanced business travel solutions
Increasing number of travel agencies, tourism companies, and tour operators
Adoption of B2B travel applications and online portals

Market Restraints

Limited availability of well-structured information systems and the associated technology issues

Market Opportunities

Integration of innovative features in B2B travel solutions
Significant investments to expand B2B services worldwide

Market Challenges

Data security and privacy concerns associated with B2B travel solutions

Industry Insights

Market Disruption Analysis
Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

Key Company Profiles

Alternative Airlines Limited
B2B Travel Agency India Pvt Ltd.
Best Western International, Inc.
Bonton Holidays (P) Ltd.
Cozmo Travel LLC
Dubai National Air Travel Agency by The Emirates Group
Emerging Travel Group
Europe Incoming Holdings Ltd.
Expedia, Inc.
FlightsLogic
Globus Holidays
Grand Australia Tours
GRNconnect
Hotelbeds Group, S.L.U
Kalina Travel Platform
LeEnticing Global
MakeMyTrip
Mystifly Global Consolidation & Technology Services Pte. Ltd.
Provab Technosoft Pvt. Ltd.
SOCCATOURS Switzerland GmbH
TBO Holidays
Technoheaven Consultancy Pvt. Ltd.
TraveloPro
Travelway Tourism & Shipping Ltd.
Trawex Technologies Pvt Ltd.
Trinity Air Travel and Tours Private Limited
Turistico s.r.o.

Market Segmentation & Coverage

Offering

Solutions

Data Analytics & Reporting Solutions
Travel Booking Solutions
Travel Management Solutions

End-User

Hotel Booking Portals
Online Travel Agencies
Tour Operators

Region

Americas

Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas

Asia-Pacific

Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam

Europe, Middle East & Africa

Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

For more information about this report visit https://www.researchandmarkets.com/r/66ozwf

About ResearchAndMarkets.com
ResearchAndMarkets.com 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.

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Luxury, Credit Cards, Deals: Hotel Earnings Preview

Published

11 hours ago

July 19, 2025

Sean O'Neill

Many analysts believe the major hotel groups are positioned to report steady, if unspectacular, growth in the second quarter, thanks to enjoying more tailwinds than headwinds.

In April, Hilton CEO Chris Nassetta predicted that travel demand would stabilize after the passage of President Trump’s tax and budget bill and summer negotiations over tariffs. In May, Marriott issued upbeat guidance for the year and assumed no U.S. recession would emerge.

Second-quarter results will show whether that optimism reflected confidence or wishful thinking. Earlier this year, revenue per available room (RevPAR) had been recovering but remained below 2019 peaks in several key markets and segments.

Reports we’ll be tracking this week: Hilton (Wednesday) and Wyndham (Thursday). Marriott, Hyatt, IHG, Choice, Accor, and others will roll out in the coming weeks.

Sources of Streng

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Travel Market Insights

U.S. Visa Sticker Shock: New $250 ‘Integrity Fee’

Published

1 day ago

July 18, 2025

Dennis Schaal

Many travelers applying for U.S. tourist visas should be prepared to pay at least an additional $250 for a new “Integrity Fee.”

It’s part of the recent budget law and hasn’t been implemented yet, but the Department of Homeland Security is authorized to start charging this fiscal year. Starting in Fiscal Year 2026, which starts October 1, the Visa Integrity Fee will be adjusted annually for inflation.

It applies to travelers applying for non-immigrant visas, but people from the more than 40 Visa Waiver Program countries are not subject to the Visa Integrity Fee.

Travelers are eligible for reimbursement sometime after the visa expires as long as they don’t overstay the visa expiration date by more than five days or engage in unauthorized work.

“There is no timeline for implementation of the fee or direction as to how the fee will be collected and refunded,” according to the U.S. Travel Association.

One issue: It may discourage travelers from visiting the U.S. because they would have to shell out $250 and wonder if they would ever get the reimbursement.

“This fee, which will be at least $250 and comes on top of existing visa fees, adds an unnecessary financial barrier for international visitors,” said Erik Hansen, US Travel’s senior vice president, government relation affairs. “Among the top deterrents to visiting the U.S. are cost and visa wait times. And the new visa integrity fee increases the upfront costs of visiting the U.S. 144%, while doing nothing to lower interview wait times. Even if it is technically reimbursable, the added complexity and cost will discourage visitors.”

$24 I-94 Fee

That’s not all of the costly news for some international arrivals in the new law: The application fee for the I-94 arrival and departure record will rise to $24 from $6.

This fee will likely apply to travelers entering the U.S. by land, and to travelers from Visa Waiver Program countries.

This fee will also increase each year with inflation. Those exempt from filling out the form include American citizens, resident aliens, most Canadians, and aliens with immigration visas.

$40 ESTA Fee

The Electronic System for Travel Authorization (ESTA) fee is rising to $40 from the current $21. This will be paid by travelers who enter the U.S. from Visa Waiver Program countries at least through 2034.

These are the Visa Waiver Program countries, according to the U.S. Department of State:

U.S. Department of State

Visa Wait Times and Cost

A family of four from Brazil, which is not a visa waiver program country, would pay $1,876 in visa fees under the new pay structure to travel to the U.S., an increase of more than $1,100, according to the trade association.

“At a time when the U.S. should be focused on attracting more international visitors, especially ahead of global events like the World Cup and Summer Olympics, burdening them with higher fees and reducing funding for Brand USA is counterproductive,” Hansen said. “We need smarter policies that enhance our global competitiveness, not ones that make the U.S. a less welcoming destination.”

Revenue Generators

Backers of the fees, however, see them as revenue generators.

For example, 20% of the I-94 fees are earmarked for the Land Border Inspection Fee account, 20% go to Customs & Border Protection, and 60% ends up in the Treasury Department general fund.

Regarding the ESTA fee, $10 goes to the Department of Homeland Security for cost recovery, $13 is funneled to the Treasury Department for Deficit Reduction, and $17 of the fee goes to the Travel Promotion Fund, which funds Brand USA.

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Travel Market Insights

Grand Canyon Fire Destroys Historic Lodge

Published

1 day ago

July 18, 2025

Darin Graham

Parts of the Grand Canyon National Park have been closed for the rest of the 2025 season as wildfires burn across the region, covering parts of one of the U.S.’s most visited natural landmarks in smoke.

The North Rim’s Dragon Bravo Fire exploded in size by 500 acres on the evening of July 12 as gusty winds, dry air and above-normal heat hit the area.

The fires destroyed the historic Grand Canyon Lodge and numerous surrounding cabins, according to the National Park Service.

Firefighters say there is currently zero containment.

“We are devastated by the loss of the Grand Canyon Lodge and historic buildings on the North Rim. All guests and staff are safe,” the lodge said in a statement, adding that it will be in touch with visitors who have future bookings.

Aerial footage released by the National Parks Service on Friday showed the remains of the famous lodge.

Grand Canyon Closures for the Rest of the Season

The cause of the fire was linked to lightning strikes, according to local reports.

Early damage assessments suggest that between 50 to 80 structures have been lost, including park administrative buildings and visitor facilities. No injuries or fatalities have been reported.

Fire fighting efforts continue around the threatened area.

But with fire activity still high and infrastructure at risk, officials say the North Rim will remain closed to all visitors for the rest of the year.

The South Rim, which receives the majority of visitor traffic, remains open.

Skift’s in-depth reporting on climate issues is made possible through the financial support of Intrepid Travel. This backing allows Skift to bring you high-quality journalism on one of the most important topics facing our planet today. Intrepid is not involved in any decisions made by Skift’s editorial team.