Government initiatives are promoting and driving the growth of the online travel agent market

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Global Online Travel Agent Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

The Business Research Company Global Online Travel Agent Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

LONDON, GREATER LONDON, UK, January 24, 2022 /EINPresswire.com/ — Growing initiatives by governments of various countries to promote tourism and build sound tourism infrastructure to increase revenue generated from the tourism industry is a major trend in the online travel agent market, propelling the growth market during the forecast period. For example, according to the report of the Press Information Office of the Ministry of Tourism, the Ministry of Tourism provides financial assistance under the National Mission on Pilgrimage Rejuvenation and Spiritual Heritage Increase Campaign (PRASHAD ) and Swadesh Darshan programs to various states and union territories. for the development of tourism-related infrastructure in the country. According to the online travel agent market forecast, government initiatives and measures to promote tourism and develop tourism infrastructure are expected to act as a key trend in the online travel agent market.

Rising number of smartphone users along with growing internet penetration is expected to boost the online tourism industry and travel agent business during the period. Rising internet penetration and growth in the number of smartphone users are contributing to the shift of consumers towards online channels for travel ticket and hotel reservations. TBRC’s online travel agent market overview explains that the increase in the number of smartphone users coupled with growing internet penetration is expected to propel the online travel agent market revenue over the years to to come.

Learn more about the Global Online Travel Agents Market report:
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The Global Online travel agency market size is expected to grow from $664.42 billion in 2021 to $761.90 billion in 2022 at a compound annual growth rate (CAGR) of 14.7%. The market growth is mainly driven by businesses resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing , remote working and closing business activities. which resulted in operational difficulties. The online travel agent market is expected to reach $1,002.45 billion in 2026 with a CAGR of 7.1%.

Top Players Covered Worldwide online travel agency industry are 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.

TBRC’s Global Online Travel Agent Market Report is segmented by Service Type into Vacation Packages, Transportation, Accommodation, by Platform into Mobile/Tablets, into Desktop, by Category into Hotel Bookings, tickets, others.

Global Online Travel Agent Market Report 2022 – By Service Type (Holiday Packages, Transportation, Accommodation), By Platform (Mobile/Tablets, Desktop), By Category (Hotel Bookings, Tickets) – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports from The Business Research Company that provides an overview of the global online travel agent market, forecasts the size and growth of the global online travel agent market, Online Travel Agents Market Overall, Online Travel Agents Market Segments, Geographies, Online Travel Agents Market Trends, Online Travel Agents Market Drivers, Constraints, Revenues , profiles and market shares of the main competitors.

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