United States Group Travel Service Market was valued at USD 7.0 Billion in 2022 and is projected to reach USD 12.5 Billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030.
The US Group Travel Service Market has experienced significant growth, driven by increasing demand from various industries. The market caters to a diverse range of needs, from corporate events and team-building activities to school field trips and large-scale vacations. As travel patterns evolve and businesses look for cost-effective and convenient travel options, group travel services have become an integral part of the industry.
Industries that rely on group travel services include corporate sectors, educational institutions, and event organizers. The corporate sector has seen a growing need for team-building exercises, conferences, and incentive trips, all of which require reliable group travel solutions. For companies, these services provide an easy way to manage logistics and ensure that travel plans are executed smoothly. Educational institutions, on the other hand, often require group travel services for school excursions, field trips, and educational tours. These services not only ensure the safety and well-being of students but also streamline the booking and planning process.
Another significant driver of demand in the Group Travel Service Market comes from the growing trend of destination events. Wedding planners, conference organizers, and sporting event coordinators are increasingly turning to group travel services to handle the transportation and accommodation needs of large groups. With events of this scale, it’s critical to manage travel logistics efficiently, and group travel services can provide tailored solutions that meet the unique needs of each event.
The group travel market is also influenced by technological advancements. The rise of online booking platforms has made it easier for industries to plan, book, and manage group travel services. Moreover, the availability of customizable packages that include travel, lodging, and meals has further driven the demand for group travel services across industries. This trend is expected to continue as businesses and educational institutions look for hassle-free ways to manage large-scale travel.
Overall, the US Group Travel Service Market has witnessed a surge in demand, primarily driven by the needs of the corporate sector, educational institutions, and large event planners. As travel technology continues to evolve and industries adapt to new needs, the market is poised for further expansion.
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Intrepid Travel
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Contiki
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Group Travel Service Market
Leisure Group Travel
Business Group Travel
Educational Group Travel
Adventure Group Travel
Special Interest Group Travel
Small Groups (2-10 members)
Medium Groups (11-30 members)
Large Groups (31-50 members)
Very Large Groups (50+ members)
Self-Organized Groups
Tour Operator Organized Groups
Corporate-Arranged Group Travel
Travel Agency Arranged Groups
Family Groups
Corporate Groups
Senior Groups
Youth Groups
Short-Term Group Travel (1-3 days)
Medium-Term Group Travel (4-7 days)
Long-Term Group Travel (8+ days)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Group Travel Service Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Group Travel Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Group Travel Service Market, By Type
6. US Group Travel Service Market, By Application
7. US Group Travel Service Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Group Travel Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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