The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global online travel agent market size is expected to grow from $761.9 billion in 2022 to $865.5 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The market size of the global online travel agent is expected to grow to $1,060.01 billion in 2027 at a CAGR of 5.2%.

What will drive the online travel agent market?
The surge in smartphone users along with growing internet penetration is anticipated to boost the online tourism industry and the business for travel agents during the period.

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Who are the major players in the market?
Major players in the online travel agent market are Booking.com, Expedia Inc., Ctrip, TripAdvisor, Trivago, eDreams Odigeo, Despegar, MakeMyTrip, Lastminute, and On the Beach.

Which trend is gaining popularity in the online travel agent market?
Growing initiatives by the government of various countries to promote tourism and built strong tourism infrastructure 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.

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https://www.thebusinessresearchcompany.com/report/online-travel-agent-global-market-report

How is the online travel agent market segmented?

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, Other Categories
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global online travel agent market in 2021.

The Online Travel Agent Global Market Report 2023  provides an overview of the online travel agent market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The online travel agent market forecast analyzes online travel agent market size, online travel agent market share, leading competitor and their market positions.

Online travel agents or agencies are individuals or companies with websites that allow consumers to book various travel-related services via the internet. Online travel agents invest in marketing and advertising to attract potential international customers.

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