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Online Travel Agency Market By Type (B2B, B2C) and By Application (Vacation, Hotel, Travel and Other segments): Global Industry Perspective, Comprehensive Analysis, and Forecast 2020–2026

Covid-19

Global Online Travel Agency Market Size, Share

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Industry Insights

The report includes the global and regional outlook as well as a review of the online travel agency industry. The research shows statistical data from 2016 to 2019, along with a revenue-based (USD trillion) projection from 2020 to 2026. Additionally, the market growth drivers, opportunities, limitations, and trends are also included in the Online Travel Agency Market report.

We have included industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the Online Travel Agency market in our study.

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the Online Travel Agency Market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the Online Travel Agency Market.

The study provides a definitive view of the demand for online travel agencies by segmenting the market for online travel agencies dependent on size, service, and regions. Both markets were evaluated on the basis of current and future developments, and the demand is forecast from 2020 through 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The use of smartphones and the rise in disposable income is the trending factor for this market. Apparently, easy cancellation, personalized deals, and on-call customer service have accelerated the industry. The Online Travel Agency Market is segmented based on Type and Application. Type-wise, the market is classified into B2B and B2C. In terms of application, the market segment is sectored into Vacation, Hotel, Travel and Other segments.

Key players operating in the Online Travel Agency industry are TBO,Trip.com group limited, Alibaba group holding limited, Tuniu corporation, Tongcheng-Elong holdings limited, Hays travel limited, Bookings Holdings Inc., Qunar, Airbnb Inc., Shanghai Lvmama Xniglv International Travel Agency, Mafengwo, Expedia Group, Inc., Trip advisor Inc.

logoThis report segments the Online Travel Agency  market as follows:

logoGlobal Online Travel Agency Market: By Type Segment Analysis

  • B2B
  • B2C

logoGlobal Online Travel Agency Market: By Application Segment Analysis

  •  Vacation
  • Hotel
  • Travel
  • Other segments

logoGlobal Online Travel Agency  Market: Regional Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • The Middle-East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle-East Africa

logoKey Pointers Addressed by the Report

  • Historical data and forecast analysis of the market
  • Drivers and Restraints affecting market dynamics
  • Exhaustive analysis about the future market trends
  • Comprehensive information about the leading market segments and region
  • Strategic developments made by the competitive players and in-depth analysis about its impact on market growth

Covid-19

Online Travel Agency Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

logoKey Insights from Primary Research

  • As per our primary respondents, the global online travel agency market is set to grow annually at a rate of around 5%.
  • It was established through primary research that the global online travel agency market was valued at around USD 830 billion in 2019.
  • The “B2C” category, on the basis of type segmentation, was the leading revenue-generating category accounting for around 64% share, in 2019.
  • On the basis of application segmentation, the “Hotel” category held the leading share around 41%, in 2019.

logoKey Recommendations from Analysts

  • As per our analysis, prices of the online travel agency and its derivatives vary in each region and hence similar revenue ratio does not follow for each main region.
  • The growing technologies like Artificial Intelligence; Machine learning can be used as the biggest opportunity for the travel industry for data gathering and analysis.
  • Our analysts have identified “B2C” and “Hotel” categories as the leading investment pockets for the Global online travel agency market in terms of type and application segmentation respectively.

logoMarket Attractiveness – By Type

logoGlobal Online Travel Agency Market

Covid-19

Online Travel Agency Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  •  TBO,Trip.com group limited
  • Alibaba group holding limited
  • Tuniu corporation
  • Tongcheng-Elong holdings limited
  • Hays travel limited
  • Bookings Holdings Inc.
  • Qunar
  • Airbnb Inc.
  • Shanghai Lvmama Xniglv International Travel Agency
  • Mafengwo
  • Expedia Group Inc.
  • Trip advisor Inc.

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating Online Travel Agency Market.
According to Facts and Factors research report, the global Online Travel Agency Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new Online Travel Agency Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for Online Travel Agency Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of Online Travel Agency Market in North America over coming decade.
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