Global Distribution System [GDS] Market to Rise at CAGR of 4.3% during Forecast Period 2022-2031 - 0 views

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  #1 kspac001 on 04 Sep 22

   

  https://www.prnewswire.com/news-releases/global-distribution-system-gds-market-to-rise-at-cagr-of-4-3-during-forecast-period-2022-2031--notes-tmr-study-301608190.html
  
  The global distribution system (GDS) network experienced transactions between travel industry service providers, mainly airlines, hotels, car rental companies, and travel agencies grow to $4.7Bn in 2021. It is expected to grow at a 4.2% rate over the next 10 years.
  "The rise in demand for better GDS in the highly competitive hotel and tourism industry is anticipated to open up new prospects. The hotel and tourism industry is expected to account for a global distribution system market share during the forecast period."
  
  The GDS mainly uses real-time inventory (e.g. number of hotel rooms available, number of flight seats available, or number of cars available) from the service providers. Travel agencies traditionally relied on GDS for services, products and rates in order to provide travel-related services to the end consumers.
  There was a article that I would find concerning if I were an owner of the GDS network, which was the raise of GTS. Google has been coming on strong in the travel sector and I would be concerned at the accuracy of the forecast for the GDS.

   

  <div class="cArrow"> </div><div class="cContentInner"><a href="https://www.prnewswire.com/news-releases/global-distribution-system-gds-market-to-rise-at-cagr-of-4-3-during-forecast-period-2022-2031--notes-tmr-study-301608190.html" rel="nofollow" target="_blank">https://www.prnewswire.com/news-releases/global-distribution-system-gds-market-to-rise-at-cagr-of-4-3-during-forecast-period-2022-2031--notes-tmr-study-301608190.html</a> <br /> <br /> The global distribution system (GDS) network experienced transactions between travel industry service providers, mainly airlines, hotels, car rental companies, and travel agencies grow to $4.7Bn in 2021. It is expected to grow at a 4.2% rate over the next 10 years. <br /> "The rise in demand for better GDS in the highly competitive hotel and tourism industry is anticipated to open up new prospects. The hotel and tourism industry is expected to account for a global distribution system market share during the forecast period." <br /> <br /> The GDS mainly uses real-time inventory (e.g. number of hotel rooms available, number of flight seats available, or number of cars available) from the service providers. Travel agencies traditionally relied on GDS for services, products and rates in order to provide travel-related services to the end consumers. <br /> There was a article that I would find concerning if I were an owner of the GDS network, which was the raise of GTS. Google has been coming on strong in the travel sector and I would be concerned at the accuracy of the forecast for the GDS.</div>

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