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Online Travel Agent Global Market Report 2021 - By Service Type (Vacation Packages, Transportation, Accommodation), By Platform (Mobile/Tablets Based, Desktop Based), By Category (Hotel Bookings, Tickets), COVID-19 Growth And Change

Starting Price : $4000.00 | Pages : 150 | Published : March 2021 | SKU CODE : h056 | Format :


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.

The online travel agent market covered in this report is segmented by service type into vacation packages, transportation, accommodation; by platform into mobile/tablets based, desktop based; by category into hotel bookings, tickets, others.

The global online travel agent market is expected grow from $432.14 billion in 2020 to $561.36 billion in 2021 at a compound annual growth rate (CAGR) of 29.9%. The growth 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 $833.52 billion in 2025 at a CAGR of 10%.

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. According to a special report on Digital 2019 published by We Are Social’s in January 2019, the number of internet users in 2019 augmented to 4.39 billion than in January 2018, recording a growth of 9% or 366 million users across the globe. Furthermore, the number of smartphone users increased by 100 million or 2% to 5.11 billion in 2019 compared to the previous year. 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.

Rising possibilities of uncertain events such as COVID19 outbreak or natural calamities is projected to limit the growth of the tourism industry and online travel agent. According to the UNWTO estimates, the global international tourist arrivals in 2020 is predicted to fall by 20% to 30% compared to the previous year (2019), which translates into a loss of $30-50 billion in travel spending by the international visitors. Thus, the online travel agent market is to record a decline in 2020 owing to the impact of COVID19 across the globe. Moreover, according to Travel Daily Media news, the Typhoon Mangkhut jolts Hong Kong and China leaving tourism, aviation, and transportation industry at standstill. Therefore, possibilities of natural events are probably to restraint the growth of the tourism industry including the online travel agent market during the coming years.

Growing initiatives by the government of various countries to promote tourism and built strong tourism infrastructure in order to boost the revenues generated from the tourism industry is a major trend propelling the growth of the online travel agent market during the period. For instance, according to the Press Information Bureau- Ministry of Tourism, Government of India’s report published in July 2019, ministry of tourism is providing financial assistance under National Mission on Pilgrimage Rejuvenation and Spiritual Heritage Augmentation Drive (PRASHAD) and Swadesh Darshan schemes to various state and union territories for the development of tourism-related infrastructure in the country. Therefore, the government initiatives and steps to promote tourism and develop tourism infrastructure are to act as a key trend in the online travel agent market over the period.

In January 2020, Despegar, a Latin America based online travel company acquired Best Day Travel Group for USD 136 million. This acquisition allows Despegar to increase revenues by 25%, further strengthening its market position as the leading travel agency both in Mexico and Latin America. Best Day Travel Group, a Mexico based online travel agency.

Major players in the online travel agent market are Booking.com, Expedia Inc., Ctrip, TripAdvisor, Trivago, eDreams Odigeo, Despegar, MakeMyTrip, Lastminute, and On the Beach.

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.

The countries covered in the online travel agent market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The global online travel agent market is segmented -

1) By Service Type: Vacation Packages, Transportation, Accommodation

2) By Platform: Mobile/Tablets Based, Desktop Based

3) By Category: Hotel Bookings, Tickets, Others

    Table Of Contents

    1. Executive Summary

    2. Online Travel Agent Market Characteristics

    3. Online Travel Agent Market Trends And Strategies

    4. Impact Of COVID-19 On Online Travel Agent

    5. Online Travel Agent Market Size And Growth

    5.1. Global Online Travel Agent Historic Market, 2015-2020, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Online Travel Agent Forecast Market, 2020-2025F, 2030F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Online Travel Agent Market Segmentation

    6.1. Global Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Vacation Packages

    Transportation

    Accommodation

    6.2. Global Online Travel Agent Market, Segmentation By Platform, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Mobile/Tablets Based

    Desktop Based

    6.3. Global Online Travel Agent Market, Segmentation By Category, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Hotel Bookings

    Tickets

    Others

    7. Online Travel Agent Market Regional And Country Analysis

    7.1. Global Online Travel Agent Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    7.2. Global Online Travel Agent Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    8. Asia-Pacific Online Travel Agent Market

    8.1. Asia-Pacific Online Travel Agent Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    9. China Online Travel Agent Market

    9.1. China Online Travel Agent Market Overview

    9.2. China Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

    10. India Online Travel Agent Market

    10.1. India Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    11. Japan Online Travel Agent Market

    11.1. Japan Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    12. Australia Online Travel Agent Market

    12.1. Australia Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    13. Indonesia Online Travel Agent Market

    13.1. Indonesia Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    14. South Korea Online Travel Agent Market

    14.1. South Korea Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    15. Western Europe Online Travel Agent Market

    15.1. Western Europe Online Travel Agent Market Overview

    15.2. Western Europe Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    16. UK Online Travel Agent Market

    16.1. UK Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    17. Germany Online Travel Agent Market

    17.1. Germany Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    18. France Online Travel Agent Market

    18.3. France Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    19. Eastern Europe Online Travel Agent Market

    19.1. Eastern Europe Online Travel Agent Market Overview

    19.2. Eastern Europe Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    20. Russia Online Travel Agent Market

    20.1. Russia Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    21. North America Online Travel Agent Market

    21.1. North America Online Travel Agent Market Overview

    21.2. North America Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    22. USA Online Travel Agent Market

    22.1. USA Online Travel Agent Market Overview

    22.2. USA Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    23. South America Online Travel Agent Market

    23.1. South America Online Travel Agent Market Overview

    23.2. South America Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    24. Brazil Online Travel Agent Market

    24.1. Brazil Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    25. Middle East Online Travel Agent Market

    25.1. Middle East Online Travel Agent Market Overview

    25.2. Middle East Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    26. Africa Online Travel Agent Market

    26.1. Africa Online Travel Agent Market Overview

    26.2. Africa Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    27. Online Travel Agent Market Competitive Landscape And Company Profiles

    27.1. Online Travel Agent Market Competitive Landscape

    27.2. Online Travel Agent Market Company Profiles

    27.2.1. Booking.com

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Expedia, Inc.

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Ctrip

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Triadvisor

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Trivago

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Online Travel Agent Market

    29. Online Travel Agent Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Table 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Table 3: Global Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 4: Global Online Travel Agent Market, Segmentation By Platform, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 5: Global Online Travel Agent Market, Segmentation By Category, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 6: Global Online Travel Agent Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 7: Global Online Travel Agent Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 8: Asia-Pacific, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 9: China, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 10: India, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 11: Japan, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 12: Australia, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 13: Indonesia, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 14: South Korea, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 15: Western Europe, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 16: UK, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 17: Germany, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 18: France, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 19: Eastern Europe, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 20: Russia, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 21: North America, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 22: USA, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 23: South America, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 24: Brazil, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 25: Middle East, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 26: Africa, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 27: Booking.com Financial Performance
  • Table 28: Expedia, Inc. Financial Performance
  • Table 29: Ctrip Financial Performance
  • Table 30: Triadvisor Financial Performance
  • Table 31: Trivago Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Figure 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Figure 3: Global Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 4: Global Online Travel Agent Market, Segmentation By Platform, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 5: Global Online Travel Agent Market, Segmentation By Category, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 6: Global Online Travel Agent Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 7: Global Online Travel Agent Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 8: Asia-Pacific, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 9: China, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 10: India, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 11: Japan, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 12: Australia, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 13: Indonesia, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 14: South Korea, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 15: Western Europe, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 16: UK, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 17: Germany, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 18: France, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 19: Eastern Europe, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 20: Russia, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 21: North America, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 22: USA, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 23: South America, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 24: Brazil, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 25: Middle East, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 26: Africa, Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 27: Booking.com Financial Performance
  • Figure 28: Expedia, Inc. Financial Performance
  • Figure 29: Ctrip Financial Performance
  • Figure 30: Triadvisor Financial Performance
  • Figure 31: Trivago Financial Performance
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