Managed Travel Distribution - Worldwide

Managed Travel Distribution Market Definition

The managed travel distribution market is a crucial branch of the travel and tourism industry. This industry deals in providing services such as booking hotels and tickets of any employee in a synchronized manner. There are several types of services designed by this industry consisting of customer meetings, clients’ office visit, internal meetings, conferences and some others. The growing need for organized and custom travel planning is increasing due to the rise in number of new business travelers globally. The rising demand for hassle free booking has boosted the market growth. This market is expected to rise significantly with the growth of the itinerary sector across the world.

The growing number of online booking platforms has enabled companies to seamlessly choose the best services, thereby driving the market growth. Also, the rapid integration of blockchain technology in itinerary platforms for operating transparent transactions along with rising preference of people for working in MNCs has played a vital role in shaping the industry in a positive direction. Moreover, the rise in number of international trips by higher authorities of business organizations coupled with launches of attractive travelling packages by several companies is expected to proliferate the growth of the managed travel distribution market. The rise in business travel volume along with rapid adoption of sustainable travel practices is expected to create opportunities for the market players in the upcoming years.