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Global Online Travel Agent Market Overview And Prospects

December 14, 2021December 14, 2021 by The Business Research Company

Learn about the global online travel agent market through The Business Research Company, which provides information on online travel agent market size, online travel agent market drivers and restraints, online travel agent market players, the COVID-19 impact on the online travel agent market, and more.

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The global online travel agent market is expected grow from $432.14 billion in 2020 to $561.36 billion in 2021 at a compound annual growth rate (CAGR) of 29.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The online travel agent market is expected to reach $833.52 billion in 2025 at a CAGR of 10%.

The surge smartphone users along with growing internet penetration are expected to drive innovation in online travel agent, thus driving the market during the forecast period.

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The online travel agent market consists of sales of travel services through online channels. Online travel agents or agencies are those individuals or companies that have websites that allow consumers to book various travel related services via the internet. Travel agents are engaged in sales of travel services such as flights, buses, vacation packages, hotels, and rental cars via online networks.

Global online travel agent market segments include:

By Service Type: Vacation Packages, Transportation, Accommodation

By Platform: Mobile/Tablets Based, Desktop Based

By Category: Hotel Bookings, Tickets, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Growing initiatives by the government of various countries to promote tourism and built strong tourism infrastructure in order to boost the revenues generated from the tourism industry is a major trend propelling the growth of the online travel agent market during the period.

TBRC’s online travel agent market report covers:

Major Market Players: Booking.com, Expedia Inc., Ctrip, TripAdvisor, Trivago, eDreams Odigeo, Despegar, MakeMyTrip, Lastminute, and On the Beach.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Online Travel Agent Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides online travel agent market overviews, analyzes and forecasts market size, share, online travel agent market players, online travel agent market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s online travel agent market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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