As per the study initiated by Evolve Business Intelligence, the global Online Travel Agency market size accounted for USD 400.2 Billion in 2022, growing at a CAGR of 15.1% from 2023 to 2033. The online travel agency (OTA) market refers to the industry segment that involves the online booking and reservation of travel-related services such as flights, hotels, rental cars, vacation packages, and activities. OTAs act as intermediaries between travelers and travel suppliers, providing a platform where users can compare options, make bookings, and manage their travel itineraries. The OTA market has experienced significant growth in recent years due to the increasing adoption of online booking platforms and the convenience they offer.
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- The global Online Travel Agency Market size was valued at USD 2 billion in 2022 growing at a CAGR of 15.1% from 2023 to 2033.
- North America dominated the market in 2022
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Online Travel Agency Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Online Travel Agency market report also includes the following data points:
- COVID19 Impact on Online Travel Agency market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Online Travel Agency market
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Some of the major Online Travel Agency players holding high market share include Expedia Group, Inc., Ebury Partners UK Ltd, Fareportal Inc., and Hostelworld Limited. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
- Expedia Group, Inc.
- Ebury Partners UK Ltd
- Fareportal Inc
- Hostelworld Limited
- Hurb Co S/A
- MakeMyTrip Ltd.
- Oracle Corporation
- Priceline (Booking Holdings Inc.)
- SABS Travel Technologies
- Tavisca Solutions Pvt. Ltd.
- Thomas Cook India Ltd.
- com Group
- Tripadvisor, Inc.
- WEX Inc.
Market Segment By Services Type with focus on market share, consumption trend, and growth rate of Online Travel Agency Market:
- Travel Accommodation
- Vacation Packages
Market Segment By Mode of Booking with focus on market share, consumption trend, and growth rate of Online Travel Agency Market:
- Online Travel Agencies (OTAs)
- Direct Travel Suppliers
Market Segment By age group with a focus on market share, consumption trend, and growth rate of the Online Travel Agency Market:
- 22-31 Years
- 32-43 Years
- 44-56 Years
- >56 Years
|Market Size (2022)||$ 400.2 Billion|
|CAGR (2023 to 2033)||15.1%|
|Market Segmentation||Service Type, Mode of Booking, Age Group|
|Country Covered||US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America|
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Global Online Travel Agency Geographic Coverage:
- North America
- Nordic Countries
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America
Reasons to Buy this Report:
- Detail analysis of the impact of market drivers, restraints, and opportunities
- Competitive Intelligence provides an understanding of the ecosystem
- Details analysis of the Total Addressable Market (TAM) of your products
- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
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