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Online Travel Agency Market Share, Demand, Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast 2023 to 2031
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The study also contains a compilation of qualitative and quantitative evaluations made by subject-matter experts in their fields as well as representatives from various industries found all along the supply chain.
Online Travel Agency Market is anticipated to reach USD 911.45 Million by 2031 up from USD 463.29 Million in 2022. The market is growing at a CAGR of 16.98% from 2023-2031. The paper discusses further findings that researchers made based on the comprehensive data and also offers information on the state of the market. The paper discusses kinds and applications based on various nations and important locations. The market's most active companies are described in detail with regard to attributes like corporate portfolio, business strategy, financial overview, recent developments, and industry share.
Leading Companies
The major players in the market are Expedia Inc., Booking Holdings Inc., Ctrip.com International Ltd, Trivago, Tripadvisor, and 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.
We continuously monitor the direct impact COVID-19 (Update Omicron mutations study) has on the market, in addition to the indirect influence of related industries. The report will contain the observations.
The geographical regions are divided into several major categories for production, consumption, revenue (in US dollars), and market share in this analysis. We'll discuss the predicted growth of the market in this region between 2021 and 2031.
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Segmentation Overview of the Online Travel Agency Market (OTA)
The online travel agency market has been segmented based on the business model, platform, product type, customer segment, and region. These major segments are further categorized into sub-segments to study the market in detail.
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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