Global Online Travel Agent Market Report 2022 – Market Forecast, Trends And Strategies

25 Feb, 2022

The global online travel agent 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 growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The online travel agent market is expected to reach $1002.45 billion in 2026 at a CAGR of 7.1%.

What is the Global Online Travel Agent Market?

The online travel agent market consists of sales of travel services through online channels. Online travel agents or agencies are those individuals or companies that have websites that allow consumers to book various travel related services via the internet. Travel agents are engaged in sales of travel services such as flights, buses, vacation packages, hotels, and rental cars via online networks.

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What drives the Global Online Travel Agent Market?

The surge smartphone users along with growing internet penetration are anticipated to boost the online tourism industry and the business for travel agents during the period. Increasing penetration of internet and growth in the number of smartphone users is contributing to the consumer shift towards online channels for travel ticket and hotel bookings. Consequently, the rise in the number of smartphone users coupled with increasing internet penetration is forecast to propel the revenues for the online travel agent market during the years to come ahead.

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Global Online Travel Agent Market Segments
The global online travel agent market is segmented:
By Service Type: Vacation Packages, Transportation, Accommodation
By Platform: Mobile/Tablets Based, Desktop Based
By Category: Hotel Bookings, Tickets, Others
By Geography: The regions covered in the online travel agent market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Online Travel Agent Global Market Report 2022provides market size and growth forecasts for the global online travel agent market, global online travel agent market share, online travel agent market segments and geographies, online travel agent market competitive landscape including leading competitors’ revenues, profiles and market shares. The online travel agent market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Online Travel Agent Industry Playersinclude 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. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.