Press release
Online Travel Agency Market 2021 Size, Share, Trends, Outlook and Analysis by 2027 | Expedia Inc., Booking Holdings Inc., Ctrip.com International Ltd, Trivago, Tripadvisor, Makemytrip Pvt. Ltd,
The online travel agency market accounted US$ 850 billion in 2019. After the COVID-19 outbreak, the tourism industry has been severely affected and the annual revenue of the OTA market has been reduced by around 25% to USD 638.5 billion in 2020. Market is expected to see a positive recovery and response to after-effects of COVID-19 impact. The Online Travel Agency market is expected to generate revenue around USD 1,500 billion by 2027 at a CAGR of 13.1% for the forecast period 2021-2027.
The research study offers important market data, including growth-influencing factors, roadblocks, and opportunities and strategies for getting over them.
The study also contains industry information, such as market value, share, CAGR, size, etc., to make market examination simple for new entrants. The study also provides analyses of the economy, politics, technology, society, law, and the environment.
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The research thoroughly analyzes pricing, gross revenue (Mn), entry-level storage specs, and company profiles in a separate section with the top major players.
Leading Competitors
The major players in the market are Expedia Inc., Booking Holdings Inc., Ctrip.com International Ltd, Trivago, Tripadvisor, Makemytrip Pvt. Ltd, Thomas Cook Group PLC among others. To sustain the competitive environment, various online travel agencies are collaborating with hotel groups and transportation companies to provide affordable services to the customers. For instance, in 2018, Cleartrip acquired Flyin to gain a competitive edge and increase its customer base in the Middle East and Africa region.
The Online Travel Agency Market size section provides market revenue, taking into account both the market's historical growth and future projections. The report also includes a variety of company profiles that are creating waves in their respective industries or have the potential to do so. Their profiles include the players' market sizes, significant product launches, strategies, and other information.
The report details the overall market sales produced over time by a specific company. By factoring in product sales over a period and dividing them by the industry's total sales over the same period, experts in the field determine to share.
The research examines the size of the global market now and its growth rates over five years. It also includes many kinds of segmentation, including geographic segmentation (North America, Europe, Asia-Pacific, etc.). Detailed market segment information aids in performance monitoring and crucial decision-making for expansion and profitability.
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Segmentation Analysis
By Business Model
Mega Online Travel Retailers
Digital Tour Operators
Mobile Travel Retailers
Travel Marketplaces
By Platform
Mobile
Desktop
By Product/ Services
Transportation
Flights
Cabs
Hotels
Cruises
Activities
Packages (End-to-end)
Documentation
By Customer Segment
Corporate
Personal (Individuals, groups, families)
Students/ Professionals
Region
North America
Europe
Asia Pacific
Middle East and Africa
Rest of the world
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
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