Business Research Company Global Online Travel Agent Market Report 2022: Market Size, Trends and Forecast to 2026
LONDON, GREATER LONDON, UK, August 25, 2022 /EINPresswire.com/ — According to The Business Research Company’s “Global Online Travel Agent Market Report 2022”, the online travel agent market 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% Market growth is primarily driven by businesses resuming operations and adapting to the new normal while recovering from the impact of the COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and business closures. activities that resulted in operational challenges. The online travel agent market is expected to reach $1002.45 billion in 2026 with a CAGR of 7.1%. 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.
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Key trends in the online travel agent market
Growing initiatives by governments of various countries to promote tourism and build sound tourism infrastructure to increase the revenue generated from the tourism industry is a major trend propelling the growth of the online travel agent market over the past the period.
Overview of the online travel agent market
The online travel agency market consists of the sale of travel services through online channels. Online travel agents or agencies are those people or companies that have websites that allow consumers to book various travel-related services through the Internet. Travel agents sell travel services such as flights, buses, vacation packages, hotels, and rental cars through online networks.
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TBRC’s Global Online Travel Agent Market Report 2022 covers the following insights:
Market Size Data
• Forecast period: historical and future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.
• By type of service: vacation packages, transport, accommodation
• By platform: mobile/tablets, desktop
• By category: hotel reservations, tickets, other
• By Geography: The global online travel agency market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest market share.
Major Market Players such as 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.
Trends, opportunities, strategies and much more.
The Global Online Travel Agents Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides an overview of the Online Travel Agents Market. The market report gives an analysis of Online Travel Agents industry, Global Online Travel Agents market size, Global Online Travel Agents market share, Global Online Travel Agents market growth drivers online travel agents, segments of the global online travel agents market, major players in the global online travel agents market, online travel agent global market growth in all geographies, online travel agent market trends and online travel agent market competitor revenue and market positioning. The Online Travel Agents market report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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