Online Travel Agent Market Worth to cross USD 2666.8 billion By 2027
Posted On November 09, 2021
The Global Online Travel Agent Market value is expected to grow by an impressive 30% of CAGR during the forecast period of 2021 to 2027. The market can grow to USD 2666.8 billion by 2027 as per the report by Value Market Research. The rising tourism sector around the world is a major factor influencing the online travel agent market. Travelers who want to see new places all over the world are on the rise, which means that travel brokers will be in great demand in the coming years. Furthermore, the increasing activities by governments of various countries to encourage tourism and construct better tourism infrastructure are expected to boost the need for online travel agents in the coming years. In the foreseeable years, the rising number of smartphone users and increasing internet penetration are expected to boost market demand. However, current industry trends, such as the development of innovative mobile travel apps and the availability of several travel agencies, are projected to provide major companies with a number of lucrative market prospects.
An OTA is a web-based marketplace that allows customers to explore and book travel products and services directly from travel suppliers, such as hotels, flights, vehicles, tours, cruises, activities, and more.
The detailed research study "Global Online Travel Agent Market Report By Service Types (Transportation, Travel Accommodation, Vacation Packages), By Platform (Mobile/Tablet Based, Desktop Based) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" assists in understanding the market dynamics with qualitative as well as quantitative data.
On the basis of service types the market is segmented into Transportation, Travel Accommodation, Vacation Packages. By platform the online travel agent market is categorised as Mobile/Tablet Based, Desktop Based. The regions covered in the market study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. This section throws light on the geographical spread of revenue and/or volume of the online travel agent market.
The Report Segments Global Online Travel Agent Market -
By Service Types
- Travel Accommodation
- Vacation Packages
- Mobile/Tablet Based
- Desktop Based
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Expedia, Inc., Priceline Group Inc., TripAdvisor LLC, Ctrip.Com International, Ltd., Hostelworld Group, Hotel Urbano Travel, and Tourism SA, CheapOair.Com., Trivago GmbH, MakeMyTrip Limited, and Thomas Cook Group plc.
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