As per the latest findings of Future Market Insights, global travelport GDS systems market revenue is expected to be USD 921.4 Million by the end of 2023. In the long-term, the travelport GDS systems market is estimated to reach at around USD 1,480.3 Million in 2033.
| Attribute | Details |
|---|---|
| Travelport GDS Systems Market Estimated Size (2023 E) | USD 921.4 Million |
| Travelport GDS Systems Market Projected Size (2033 F) | USD 1,480.3 Million |
| Travelport GDS Systems Market Value CAGR (2023 to 2033) | 4.9% |
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As per the latest update by Future Market Insights, the Travelport GDS Systems Market is forecast to increase at a CAGR of 4.9% between 2023 and 2033.
Technology governs the present-day travel and tourism industry. Automation has a prospering future for the dynamic travel and tourism industry. Among travel and tourism, automation GDS is a prospering network system highly in demand by travel operators. A GDS system, or global distribution system, is a network that allows transactions to take place between travel industry service providers.
It manages travel portals for travel operators or agents and assists in activities such as ticket booking, rates, delivery inventory, discounts, rooms, descriptions and many other functionalities. Some companies come up with GDS systems for the travel domain; some of them listed are – Amadeus, Expedia, Hotwire, Kayak, Orbitz, Priceline, Sabre, Travelocity, Travelport.
The Travelport GDS is one of the three major global distribution system providers. The company is headquartered in the United Kingdom, but its roots can be traced back to 1971, when the Apollo GDS was founded in the United States. Indeed, Travelport now includes the Apollo, Worldspan, and Galileo GDS systems. Among these companies Global Distribution Systems or GDS are known by four types, they are Amadeus, Sabre, Travelport, and Abacus.
Travelport GDS was originally designed to assist travel operators in booking flight tickets and it is now also used to distribute a wide range of travel-related products and services, including hotel rooms and hotel products. As the travel operators use it hence it is in the B2B market and not meant for B2C or end users.
It gives all kind of information required to agents for answering customer queries as well as helps in managing their database while making ticket bookings.
Travelport was formed in 2006. Travel data of the tourism industry redefines the data in distribution systems connecting the core features of airlines and the subsidiary products. The organization is also known for strengthening the track to meet the rising need of the travel business which includes railways, hotels, tour operators, cruise and car rentals.
GDS Travelport provides services to more than 170 countries across the globe. North, Latin America, Western Europe, the Middle East and Asia-based tourism management companies and many travel operators use this technology abundantly to benefit themselves from services such as handling customer portals (including contact details, product specials, latest news or detailed support information), ticket booking, new product advisory, price analysis and much more.
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The control of technology over the travel and tourism industry has created a tremendous opportunity for the growth of the GDS Travelport system. It is now becoming a trend and most of the travel agents prefer using these GDS systems to manage bookings
The Travel Industry's Ability to Distribute its Products to Travel Agencies All Over the World is Boosting this Market
One of the primary advantages of Travelport GDS is the ability of hotel owners and others in the travel industry to distribute their products to travel agencies worldwide. Therefore, Travelport benefits from global distribution because it is less reliant on its home market than its two main competitors, namely Amadeus and Sabre GDS.
While the Amadeus GDS is particularly strong in Europe, and Sabre in North America, Travelport's strength is more equitably spread across continents. This is advantageous because it opens doors to some of the world's most powerful travel markets, including North America, Europe, and Asia.
GDS Travelport not only Supports Insiders in Managing their Work and Booking Tickets, but it also Helps them Strategize Future Market Approaches
GDS Travelport has influenced many private and government parties to invest in developing travel-related tools that can switch the revenue channels. Many travel agencies or travel management companies prefer Travelport for booking flights because, doing this will benefit them more with many facilities as GDS Travelport can offer travel fares and prices on behalf of airlines as per ATA's industry standard; this is because GDS Travelport is the first GDS that is labelled as NDC certified.
GDS Travelport also helps airlines merchandise their offering and brand schemes to Travelport using travel operators as well as travel management companies globally, in which more than 200 airlines are already practicing this technology. Using Travelport Universal API, online travel agencies can also avail the information directly.
Facing Intense Competition from Other GDS based Networking System Companies
Until recently, Travelport GDS – which consists of the Galileo and Worldspan software platforms – and Amadeus were the primary competitors in the battle to win the support of the region’s travel trade for their global distribution systems (GDS). However, Sabre Travel Network Middle East (STNME), another GDS provider, has gradually expanded its product offerings and has emerged as a serious market competitor.
Travel agents now have a variety of GDS options to choose from, as each player offers a range of services and claims to produce solutions for the key problems that agents face, such as bringing the necessary advancements in technology and internet, commission cuts, etc.
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Galileo Software Currently the Most Popular in Middle East
According to Aritit Munshi, Travelport's regional manager for the Gulf, Levant, Egypt, Pakistan, and Sri Lanka, the Galileo software platform provided by Travelport GDS is currently the most popular among Middle East travel agents, with a 55% market share in the region.
Online Booking Channels lead the Booking Channel Segmentation
Tourism has grown in popularity as a result of the simplicity with which it can be booked and made available through online platforms. Online booking is now more popular with all those to avoid hassle, stressful, expense process of booking with a GDS in person. In online booking payments are also fast and easily done for the travel agencies since it provides for a straightforward, hassle-free digital payment transfer, as well as live tracking and improved security. Furthermore, agencies may use the internet to search for and compare information on making online booking a more popular approach around the world.
This industry is becoming more competitive by the day, and global distribution systems all over the world are competing in the region's travel industry by helping the travel agents become more profitable. This is accomplished by providing cutting-edge technology, innovative services, bookable travel products, and distribution services.
Travelport collaborates with 450 airlines and 84,500 hotels, including 265 hotel chains, and provides several unique tools, including a corporate booking tool that does not eliminate the need for an agent and the planned merger of Galileo's fares and shopping capabilities.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Asia Pacific; MEA; Europe |
| Key Segments Covered | Age, Visit Purpose, Consumer Orientation, Tour Type, Tourism Type, Application |
| Report Coverage | Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives, Spending, |
| Customization & Pricing | Available upon Request |
The market is estimated to secure a valuation of USD 921.4 million in 2023.
The global market size to reach USD 1,480.3 million by 2033.
The growth potential of the travelport GDS systems market is 4.9% through 2033.
The Middle East has a high penetration of travelport GDS systems.
Players are opting for mergers and acquisitions.
1. Executive Summary | Travelport GDS Systems Market 2. Growth Parameters in 3. Number of Bookings, 2022 3.1. By Age 3.1.1. Under 15 3.1.2. 16-25 3.1.3. 26-35 3.1.4. 36-45 3.1.5. 46-55 3.1.6. Over 55 3.2. By Visit Purpose 3.2.1. Business Travel 3.2.2. Leisure Travel 3.2.3. Education-Employment-Pilgrimage 3.2.4. Visiting Friends & Relatives 3.3. By Consumer Orientation 3.3.1. Individual 3.3.2. Couples 3.3.3. Families 3.3.4. Group 3.4. By Tour Type 3.4.1. Individual travel 3.4.2. Professional Groups 3.4.3. Group travels 3.5. By Tourism Type 3.5.1. Domestic 3.5.2. International 3.6. By Application 3.6.1. Flights 3.6.2. Hotels 3.6.3. Car rentals 3.6.4. Cruises and Ferries 3.6.5. Railways 4. Gross Revenue 5. Challenges & Looking Forward 6. Social Media Sentimental Analysis 6.1. Travel Influencers: A New Phenomenon in the world of Tourism 6.2. Social Media Platforms Preferred 6.3. Trending #Hashtags 6.4. Social Media Platform Mentions (% of Total Mentions) 6.5. Trending Subject Titles 7. Assumptions and Acronyms Used 8. Research Methodology
Travel and Tourism
February 2023
REP-GB-3006
250 pages
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Travelport GDS Systems Market
