Online Travel Agency Market to Expand Robustly in 2024| Expedia, Booking Holdings, TravelPerk S.L.U

Advance Market Analytics added research publication document on Worldwide Online Travel Agency Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Online Travel Agency market. The study provides valuable market size data for historical (Volume** & Value) from 2018 to 2023 which is estimated and forecasted till 2028*. Some are the key & emerging players that are part of coverage and have being profiled are Expedia Group, Inc. (United States), Booking Holdings (Netherlands), TravelPerk S.L.U (Spain), Airbnb, Inc. (United States), Tripadvisor, Inc. (United States), Google Hotels (United States), Travelgenio (Spain), eDreams (United States), Weekend.com (Germany), Qunar (China).

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An online travel agency is an online platform for travelers that manages and sells accommodations, tours, trips, and transportation packages. It is used for hotels, vacations, travel, etc applications. It is considered as a third party that sells and manages the travel packages on behalf of other companies and hotels. usually, the online travel agencies provide various benefits with value-added convenience and aim mostly at individual customers rather than the corporations who use corporate travel agencies.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Online Travel Agency Market various segments and emerging territory.

Influencing Market Trend
• Increasing Utilization of Application-based Online Travel Agency for the Flights and Hotels Booking
Market Drivers
• Demand for Easy Travel Booking and Exploring Online Platform
• Growing Digitalization and Need for Instant Travel Arrangements
Opportunities:
• Rapid Increase in Demand for Vacation and Traveling Since the Removal of Pandemic Lockdowns Restriction will Boost the Online Travel Agency
• Investment in the Advertisement of Online Travel Agency
Challenges:
• Presence of Fake Online Travel Agency Players in the Market Involved in Fraudulent Activities

Analysis by Type (B2B, B2C), Application (Hotel, Vacation, Travel, Others), Function (Making Reservations, Translation Services, Direction Guidance, Audio Guidance, Other), Model (Merchant Model, Agency Model), Deployment (Web based, Application based)

Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
• % Market Share, Segment Revenue, Swot Analysis for each profiled company [Expedia Group, Inc. (United States), Booking Holdings (Netherlands), TravelPerk S.L.U (Spain), Airbnb, Inc. (United States), Tripadvisor, Inc. (United States), Google Hotels (United States), Travelgenio (Spain), eDreams (United States), Weekend.com (Germany), Qunar (China)]
• Business overview and Product/Service classification
• Product/Service Matrix [Players by Product/Service comparative analysis]
• Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
• Consumption, Capacity & Production by Players

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The regional analysis of Global Online Travel Agency Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2023-2028.

"The U.K.'s Competition and Markets Authority (CMA) had been investigating the selling habits of some of the major online travel agencies for potential infringement of the Consumer Protection from Unfair Trading Regulations, 2008. This piece of regulation specifically addresses unfair commercial practices, misleading actions, misleading omissions, and aggressive commercial practices."

On 14th January 2021, Trivago has acquired Weekend.com, a Germany-based startup - and online travel agency - targeting travelers who are looking for short breaks. Specific terms of the deal - a 100% share takeover - have not been disclosed. It is the first acquisition for accommodation search site Trivago since it bought TripBuddy, an AI-led personalization engine. The deal is being heralded as an opportunity for Trivago to place its "marketing and product expertise" into the Weekend.com brand and share hotel content.

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/84386-global-online-travel-agency-market?utm_source=OpenPR/utm_medium=Rahul

Highlights of the Report
• The future prospects of the global Online Travel Agency market during the forecast period 2023-2028 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global Online Travel Agency market.

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This release was published on openPR.