Global Distribution System Market

Tmrtech09 Sep, 2022Business

The global distribution system (GDS) market is expected to register a CAGR of 5.5% between 2019 and 2027. The GDS market is projected to be driven by the large and structurally growing travel & tourism sector, and increasing importance and expansion of LCCs. However, online travel websites that offer price comparison, and changing preferences of travel agencies to book tickets directly from the airline websites, are impacting the growth of the global distribution system market. The global distribution system market is expected to reach ~US$ 14.5 Bn by 2027 from ~US$ 9.5 Bn in 2019. The GDS market is mainly fueled by the growth of the travel and tourism industry, globally. According to Airbus, in emerging markets such as Asia Pacific, Latin America, and the Middle East & Africa, total air traffic is expected to rise at a CAGR of 5.5%, 4.2%, and 4.9%, respectively, from 2017 to 2037.