AMA Research & Media

Online Travel Agency (OTA) Market to Eyewitness Massive Growth : TripAdvisor, Airbnb, Agoda


NJ New Jersey, USA -- (SBWIRE) -- 09/27/2023 -- Advance Market Analytics added research publication document on Worldwide Online Travel Agency (OTA) Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Online Travel Agency (OTA) market. The study provides valuable market size data for historical (Volume** & Value) from 2017 to 2021 which is estimated and forecasted till 2027*. Some are the key & emerging players that are part of coverage and have being profiled are (United States), Agoda (Singapore), Despegar (Argentina), Expedia Group (United States), Booking Holdings Inc. (United States), (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).

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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.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Online Travel Agency (OTA) Market various segments and emerging territory.

Rising Opportunities in Emerging Economies

Influencing Market Trend:
Emergence of AI Chabot's

Market Drivers:
Rise in Internet Penetration and Innovative Mobile Apps
Increase in International and Domestic Tourism

High Competition among Established Players and Fluctuations in Demand Share Due to Enforcement of Stringent Lockdown Measures

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

Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
- % Market Share, Segment Revenue, Swot Analysis for each profiled company [ (United States), Agoda (Singapore), Despegar (Argentina), Expedia Group (United States), Booking Holdings Inc. (United States), (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),]
- Business overview and Product/Service classification
- Product/Service Matrix [Players by Product/Service comparative analysis]
- Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
- Consumption, Capacity & Production by Players
The regional analysis of Global Online Travel Agency (OTA) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2022-2027.

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.

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

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Highlights of the Report
- The future prospects of the global Online Travel Agency (OTA) market during the forecast period 2022-2027 are given in the report.
- The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
- The emerging technologies that are driving the growth of the market are highlighted in the report.
- The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
- The report studies the leading manufacturers and other players entering the global Online Travel Agency (OTA) market.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.