Online Travel Agency Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

According to the report published by Facts & Factors, the global Online Travel Agency Market size was worth around USD 830 million in 2019 and is predicted to grow around USD 1300 million by 2026 with a compound annual growth rate (CAGR) of roughly 5% between 2020 and 2026. The report analyzes the global Online Travel Agency Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Online Travel Agency Market.

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.

Key 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.

Key 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.

Market Attractiveness – By Type

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.

Report Scope

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.

This report segments the Online Travel Agency  market as follows:

By Type Segment Analysis

• B2B
• B2C

By Application Segment Analysis

•  Vacation
• Hotel
• Travel
• Other segments

Global 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

Key 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