Report U.S. Packaged Travel Market Report 2023-2027

U.S. Packaged Travel Market Report 2023-2027

Published:
May 2024
Research Type:
Report
Figures:
3
Segments:
Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Tours & Packages, Traditional Agencies & TMCs
Regions:
U.S. & Canada
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Summary

In 2023, the U.S. packaged travel market recorded a healthy 23% increase as travelers enthusiastically returned to pre-pandemic spending habits. Traditional vacation packagers led this surge, driven primarily by a strong demand for unique and customizable travel experiences. Despite this resurgence, projections suggest restabilization, with growth expected to moderate through 2027. As travel agents reclaimed their pivotal role, contributing significantly to the offline market's growth, the industry nonetheless faces the dual challenge of adapting to direct booking trends and intensifying competition. In this dynamic landscape, travel package providers must innovate and evolve to meet the changing preferences of today’s traveler.

The U.S. Packaged Travel Market Report 2023-2027 is part of Phocuswright’s U.S. Travel Market Report 2023-2027 series, which features an overview of the U.S. travel market, along with detailed data and analysis of five key segments: airline, hotel & lodging, car rental, cruise and packaged travel. A standalone report dedicated to online travel agencies rounds out the coverage.

With the single purchase of the series, the following reports are automatically included at no additional cost:

Analysts
Lorraine Sileo
Lorraine Sileo