Global Online Travel Agent Market Overview And Top Key Players by 2023

Posted by Ramakrishna TBRC on November 13th, 2020

The Business Research Company’s latest report Online Travel Agents Global Market Report 2020 covers online travel agents market drivers, online travel agents market trends, online travel agents market segments, online travel agents market growth rate, online travel agents market major players, and online travel agents market size. The report provides in-depth analysis of the impact of COVID-19 on the online travel agents industry, along with revised market numbers due to the effects of the coronavirus.

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Online Travel Agents Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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The global online travel agent market reached a value of nearly 4.7 billion in 2019, having increased at a compound annual growth rate (CAGR) of 7.9% since 2015. The market declined from 4.7 billion in 2019 to 5.8 billion in 2020 at a rate of -20.0%. The decrease is mainly due to COVID-19 pandemic across all countries in the world as most countries went into lockdown with severe travel restrictions. Subsequently, industries such as airlines, railways, hospitality, and tourism all suffered major setbacks. The market is expected to grow at a CAGR of 14.8% from 2021 and reach 2.2 billion in 2023.

The report covers the online travel agents market’s segments-

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

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

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The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.  

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Ramakrishna TBRC

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Ramakrishna TBRC
Joined: December 17th, 2019
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