Press release
Online Travel Agent Market 2020 Business Outlook With Covid-19 Scenario Analysis And Forecast 2030
The Business Research Company
The global online travel agent market is expected to decline from $744.73 billion in 2019 to $595.78 billion in 2020 at a compound annual growth rate (CAGR) of -20%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, restriction on cross-border travel and the closure of industries and other commercial activities.
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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.
Rising possibilities of uncertain events such as COVID19 outbreak or natural calamities is projected to limit the growth of the tourism industry and online travel agent. According to the UNWTO estimates, the global international tourist arrivals in 2020 is predicted to fall by 20% to 30% compared to the previous year (2019), which translates into a loss of $30-50 billion in travel spending by the international visitors. Thus, the online travel agent market is to record a decline in 2020 owing to the impact of COVID19 across the globe.
Online Travel Agent Market Segmentation: -
By Service Type
1. Vacation Packages
2. Transportation
3. Accommodation
By Platform
1. Mobile/Tablets Based
2. Desktop Based
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Few Points From Table Of Content
1. Executive Summary
2. Online Travel Agent Market Characteristics
3. Online Travel Agent Market Size And Growth
4. Online Travel Agent Market Segmentation
5. Online Travel Agent Market Regional And Country Analysis
……
25. Online Travel Agent Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Global Online Travel Agent Market Market
27. Online Travel Agent Trends And Strategies
28. Online Travel Agent Market Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the online travel agent market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the online travel agent market are Booking.com, Expedia, Inc., Ctrip, TripAdvisor, Trivago, eDreams Odigeo, Despegar, MakeMyTrip, Lastminute, On the Beach
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Email: info@tbrc.info
About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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