Online Travel Agent Global Market 2023 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2032 | Booking.com, Expedia Inc., Ctrip, TripAdvisor, Trivago, eDreams Odigeo

As per the Online Travel Agent market report by The Business Research Company, the surge in smartphone users along with growing internet penetration is anticipated to boost the online tourism industry and the business for travel agents during the period. Increasing penetration of the internet and growth in the number of smartphone users is contributing to the consumer shift towards online channels for travel ticket and hotel bookings. For instance, according to a special report on Digital 2020 published by We Are Social in January 2020, the number of internet users in 2020 augmented to 4.54 billion across the globe, recording a growth of 7% or 298 million new users compared to January 2019. Furthermore, according to Zippia, as of 2022, there are 6.65 billion smartphone users globally, and this number is expected to grow to 7.34 billion by 2025. Consequently, the rise in the number of smartphone users coupled with increasing internet penetration is forecast to propel the revenues for the online travel agent market in the years to come ahead.

The global online travel agent market size will grow from $761.9 billion in 2022 to $865.5 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global online travel agent market size is expected to grow to $1,060.01 billion in 2027 at a CAGR of 5.2%.

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Major competitors in the Online Travel Agent market include Booking.com, Expedia Inc., Ctrip, TripAdvisor, Trivago, eDreams Odigeo, Despegar, MakeMyTrip, Lastminute, and On the Beach, Alibaba Group Holding Limited, Hostelworld Group, Hotel Urbano Travel and Tourism SA, Fareportal Inc., Trivago GmbH, ThomasCook Group, Priceline Group Inc., HRS, Agoda, Airbnb Inc., and Hotel.de.

The Online Travel Agent market is segmented -
• By Service Type: Vacation Packages, Transportation, Accommodation
• By Platform: Mobile/Tablets Based, Desktop Based
• By Category: Hotel Bookings, Tickets, Other Categories
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Online Travel Agent market.

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Online travel agents or agencies are individuals or companies with websites that allow consumers to book various travel-related services via the internet. Online travel agents invest in marketing and advertising to attract potential international customers.

The Table Of Content For The Online Travel Agent Market Include:
1. Executive Summary
2. Online Travel Agent Market Characteristics
3. Online Travel Agent Market Trends And Strategies
4. Online Travel Agent Market - Macro Economic Scenario
5. Online Travel Agent Market Size And Growth
………..
28. Key Mergers And Acquisitions In The Online Travel Agent Market
29. Online Travel Agent Market Future Outlook and Potential Analysis
30. Appendix

The "Global Online Travel Agent Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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