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Online Travel Agency Industry: Market Size, Key Trends, Business Opportunities till 2028

03-23-2021 10:52 AM CET | Tourism, Cars, Traffic

Press release from: Evolve Business Intelligence

Evolve Business Intelligence

Evolve Business Intelligence

Evolve business intelligence, today has published a new market research report on “Online Travel Agency Market with COVID-19 impact, global and segmental analysis”. According to the report, the global Online Travel Agency market is expected to grow from $ XX Billion in 2020, which is expected to reach $XX Billion by 2028, growing at the CAGR of 11.5% from 2021 to 2028.

The major factor impacting the market is the initiatives taken by the various governments of various countries to promote tourism and built strong tourism infrastructure in order to boost the revenues generated from the tourism industry.

For more information on the report https://evolvebi.com/product/online-travel-agency-ota-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the online travel agency market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the Online Travel Agency market report also includes the following data points:
• COVID19 Impact on Online Travel Agency market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the Online Travel Agency market

Analyst View
According to Parimal, Principal Analyst, Evolve Business Intelligence, “The current COVID-19 scenario has negatively impacted the online travel agency market due to the cross border travel restriction and impose of lockdown in various countries across the globe. This has impacted the overall supply chain of the online travel agency industry. Due to the lockdown imposed by different countries around the world, there has been a major setback in the growth of the travel industry.

Competitive Scenario
Some of the major Online Travel Agency players holding high market share include Booking Holdings, TripAdvisor, Expedia, and HomeAway. These players use new product development/acquisition/partnership and collaboration/expansion as a key strategy to gain significant market share to compete with market leaders.

Segmental Analysis
The Report's Aim Is to Provide A Holistic Market Overview Based on Types, And Application. Based on Types, The Online Travel Agency Market Is Segmented into Online And Offline. The Online Travel Agency Market Is Segmented Based on Application into Making Reservations, Translation Services, Direction Guidance, Audio Guidance, and Others

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the Online Travel Agency market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:
• Priceline Group Inc
• TripAdvisor
• Expedia
• HomeAway.
• Kayak
• MakeMyTrip
• Thomas Cook Group plc
• Travelgenio
• Trivago GmbH
• Ctrip.Com International, Ltd.

To Get Discount on this Report, click on the “Request Sample PDF” button on https://evolvebi.com/product/online-travel-agency-ota-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trademap, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives
• To define, describe, and forecast the Online Travel Agency market, in terms of value, segmented on the basis of indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the Online Travel Agency market
• To provide an overview of the value chain analysis pertaining to the Online Travel Agency industry
• To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall Online Travel Agency market
• To analyze opportunities in the market by identifying high-growth segments of the Online Travel Agency market
• To profile key players in the Online Travel Agency market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global Online Travel Agency market

Evolve Business Intelligence
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India

Email: sales@evolvebi.com
Website: https://evolvebi.com/

Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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