Online Travel Agent Market Industry Business Outlook, Trends Forecasts To 2025

The global online travel agent market reached a value of nearly $744.7 billion in 2019, having increased at a compound annual growth rate (CAGR) of 7.9% since 2015. The market declined from $744.7 billion in 2019 to $595.8 billion in 2020 at a rate of -20.0%. The decrease is mainly due to COVID-19 pandemic across all countries in the world as most countries went into lockdown with severe travel restrictions. Subsequently, industries such as airlines, railways, hospitality, and tourism all suffered major setbacks. The market is expected to grow at a CAGR of 14.8% from 2021 and reach $902.2 billion in 2023.

The Business Research Company offers "Online Travel Agent Market Opportunities And Strategies – Global Forecast To 2023" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth and highlights important trends and strategies that players in the market can adopt.

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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 the sales of travel services such as flights, buses, vacation packages, hotels, and rental cars via online networks. The online travel agent market covered in this report is segmented by service type into vacation packages; transportation; accommodation and by platform into mobile/tablets based and desktop based.

Some of the key players involved in the online travel agent market are Booking Holdings Inc., Expedia Group Inc, Tripadvisor, Trivago, Despegar, Fliggy, Qunar, Tuniu, eLong, Klook, Huoli, Yanolja, Daily Hotel, Hanatour, MakeMytrip, Cleartrip, Goibibo

The countries covered in the global online travel agent market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.

The regions covered in the global online travel agent market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Online Travel Agent Market Segmentation:
1) By Type: Vacation Packages, Travel, Accommodation
2) By Platform: Mobile/Tablet Based, Desktop Based

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A Few Points From The Table Of Content
1. Online Travel Agent Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
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21. Key Mergers And Acquisitions In The Online Travel Agent Market
22. Online Travel Agent Market Opportunities And Strategies
23. Online Travel Agent Market, Conclusions And Recommendations
24. Appendix
25. Copyright and Disclaimer

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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