Online Travel Agency (OTA) Market Is Booming Worldwide : Despegar, Expedia Group, Agoda, Rakuten

PRESS RELEASE
Published April 18, 2023

Latest Study on Industrial Growth of Online Travel Agency (OTA) Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Online Travel Agency (OTA) market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.

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Major players profiled in the study are:

Hotels.com (United States), Agoda (Singapore), Despegar (Argentina), Expedia Group (United States), Booking Holdings Inc. (United States), Trip.com (China), MakeMyTrip (India), American Express Global Business Travel (United States), Rakuten (Japan), TripAdvisor (United States), Trivago N.V. (Germany), Thomas Cook Group (United Kingdom), Airbnb Inc. (United States),

Scope of the Report of Online Travel Agency (OTA)

An online travel agency (OTA) is a web-based marketplace that allows consumers to research and book travel products and services such as hotels, flights, cars, tours, cruises, activities, and more directly with travel suppliers. Every day, millions of travellers around the world use OTAs to plan their leisure and business travel. OTAs provide access to your potential guests in locations and volumes that would be difficult for you to reach through your own marketing efforts. Furthermore, OTAs provide market insights and tools for targeting travellers, securing and processing bookings, communicating with guests, and managing reviews. The increase in disposable income of people in emerging markets, as well as the ease of comparing a variety of travel options online, are expected to fuel market growth.

In May 2021 American Express Global Business Travel had announced the acquisition of Egencia. GBT will further continue to invest in the Egencia brand and technology as part of the world’s leading business travel platform. GBT and Egencia will offer comprehensive technology and customer solutions across all segments of business travel. Combining Egencia with GBT’s Supply MarketPlace, one of the most comprehensive sources of content and experiences for business travellers, would provide customers with more options and suppliers with greater access to business travellers. Meanwhile, with both the Egencia platform and GBT’s Neo Technology Group, the company would be well-positioned to develop the best solutions for the future of business travel.

The Global Online Travel Agency (OTA) Market segments and Market Data Break Down are illuminated below:

by Type (Merchant Model, Agency Model), Services (Transportation, Travel Accommodation, Vacation Packages), Destination (Domestic Travel, International Travel), Platform (Mobile, Desktop)

Market Opportunities:

  • Rising Opportunities in Emerging Economies

Market Drivers:

  • Rise in Internet Penetration and Innovative Mobile Apps
  • Increase in International and Domestic Tourism

Market Trend:

  • Emergence of AI Chabot’s

What can be explored with the Online Travel Agency (OTA) Market Study?

  • Gain Market Understanding
  • Identify Growth Opportunities
  • Analyze and Measure the Global Online Travel Agency (OTA) Market by Identifying Investment across various Industry Verticals
  • Understand the Trends that will drive Future Changes in Online Travel Agency (OTA)
  • Understand the Competitive Scenarios
    • Track Right Markets
    • Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Table of Contents

Global Online Travel Agency (OTA) Market Research Report

Chapter 1 Global Online Travel Agency (OTA) Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Productions, Revenue (Value) by Region

Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions

Chapter 6 Global Productions, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Online Travel Agency (OTA) Market Forecast

Finally, Online Travel Agency (OTA) Market is a valuable source of guidance for individuals and companies.

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