NEW YORK - JULY 28, 2021
Travel industry revenue fell to $679 billion in 2020 — a 42% decline compared to 2019. Due to lockdowns and travel restrictions, international and business travel saw the biggest declines, 76% and 70% respectively.
DesignRush, a B2B marketplace connecting brands with agencies, leveraged its 9,000-agencies-strong network for quick insights – or “QuickSights” – on the latest trends for travel businesses to help recover their businesses.
Most business consultants DesignRush has interviewed were optimistic about a relatively quick recovery of the travel industry.
According to Anahit Ghazarayan, product manager in Addevice, after the unexpected decline in 2020, the industry will rebound largely thanks to corporate travel.
Once recovered, experts claim the industry landscape will be different and advise businesses to study and cater to new consumer needs.
Alex Smirnov, CEO of Software Planet, expects prices of travel services to go up which could reduce the demand at least temporarily.
To help travel businesses find qualified growth partners, DesignRush released the July list of the business consulting companies:
1. Code Inspiration - codeinspiration.pro
2. BS LLC - bsllc.biz
3. Addevice - addevice.io
4. Social Sharks Marketing - socialsharksmarketing.com
5. Software Planet - softwareplanetgroup.co.uk
Brands can explore the top business consulting companies by location, size, average hourly rate and portfolio on DesignRush.
DesignRush.com is a B2B marketplace connecting brands with agencies through expert reviews and agency ranking lists, awards, knowledge resources and personalized agency recommendations for vetted projects.