Direct booking platforms are an emerging trend in the online travel industry

Online Travel Agents Market – Opportunities and Strategies – Global Forecast to 2030

The Business Research Company Online Travel Agents Market – Opportunities and Strategies – Global Forecast to 2030

LONDON, GREATER LONDON, United Kingdom, December 9, 2021 / – The players of online travel industry are increasingly focusing on customer acquisition by launching direct booking platforms to attract more customers. Direct booking services through different platforms such as apps, websites, social media and others provide the online travel agent market players the opportunity to engage more customers and build new relationships. positive relationships with their customers.

The major players in the global online travel agent market are Booking Holdings Inc., Expedia Group Inc, Group Limited, Tripadvisor Inc., Trivago NV

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The global online travel agent market is expected to grow from $ 595.8 billion in 2020 to $ 902.2 billion in 2023 at a compound annual growth rate (CAGR) of 14.8%.

The increase in the number of smartphone users and the increasing penetration of the internet is expected to boost the online tourism industry and the activities of travel agents during the period. The increasing penetration of the Internet and the growth in the number of smartphone users are contributing to the shift of consumers towards online channels for booking travel tickets and hotels.

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Solo travel is becoming more and more popular due to changing lifestyles. With many people partnering up and settling down later in life, young people are taking sabbaticals to travel independently, high divorce rates in many countries, and growing acceptance of solo travel. The demand for solo travelers is increasing, increasing the opportunities for the travel industry.

The online travel agent market consists of the sale of travel services through online channels. Online travel agents or agencies are the individuals or businesses that have websites that allow consumers to book various travel-related services over the Internet. Travel agents are engaged in the sale of travel services such as flights, buses, vacation packages, hotels and rental cars through online networks. An online travel agent (OTA) is an individual or business that provides an online marketplace, which allows consumers to search and book travel products and services, such as hotels, flights, cars , tours and cruises, among others, directly with travel suppliers.

The online travel agent market covered in this report is segmented by type of vacation package service; transport; hosting and by platform on mobile / tablet and desktop.

Online Travel Agents Market – Opportunities and Strategies – Global Forecast to 2030 is part of a series of new reports from The Business Research Company that provides online travel agents market overview, forecast on size and the growth of the online travel agent market for the overall market, online travel agent market segments and geographies, Online travel agency market trends, online travel agents market drivers, restraints, revenues, profiles and market shares of major competitors.

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