Harrisburg, NC -- (SBWIRE) -- 10/20/2020 -- The report titled "Online Travel Agent Market" has recently added by MarketInsightsReports to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
The global online travel agent market is expected to decline from $744.73 billion in 2019 to $595.78 billion in 2020 at a compound annual growth rate (CAGR) of -20%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, restriction on cross-border travel and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $820.18 billion in 2023 at CAGR of 11.24%.
Click the link to get a Sample Copy of the Report:
https://www.marketinsightsreports.com/reports/06022059454/online-travel-agent-global-market-report-2020-30-covid-19-growth-and-change-including-1-by-service-type-vacation-packages-transportation-accommodation-2-by-platform-mobile-tablets-based-desktop-based-covering-booking-com-expedia-inc-ctrip-triadvisor-trivago/inquiry?source=releasewire&mode=74
Top Companies in the Global Online Travel Agent Market: Booking.com; Expedia, Inc.; Ctrip; Triadvisor; Trivago and Other
Markets Covered: 1) By Service Type: Vacation Packages; Transportation; Accommodation
2) By Platform: Mobile/Tablets Based; Desktop Based
North America was the largest region in online travel agent market in 2019. Asia Pacific is expected to be the fastest growing region in the forecast period.
In June 2018, Cleartrip, an online travel company based in India announced the acquisition of the Flyin, an online travel company based in Saudi Arabia for an undisclosed amount. This acquisition is expected to help both the companies to obtain large consumer-based and wider outreach along with expanding the presence across the Middle East and North Africa region. Both companies together are expected to contribute 60% of the market share in the future throughout the Middle East. Flyin.com provides internet-based travel services such as booking information, online ticket booking, hotel facilities, and various payment options.
Explore Full Report With Detailed TOC Here:
https://www.marketinsightsreports.com/reports/06022059454/online-travel-agent-global-market-report-2020-30-covid-19-growth-and-change-including-1-by-service-type-vacation-packages-transportation-accommodation-2-by-platform-mobile-tablets-based-desktop-based-covering-booking-com-expedia-inc-ctrip-triadvisor-trivago?source=releasewire&mode=74
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Online Travel Agent Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
About MarketInsightsReports
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Contact Us:
IrfanTamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com