travel agent market size

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Region : Global | Format: PDF | Report ID: BRI101803 | SKU ID: 21059769

Travel Agencies Market Size, Share, Growth, and Industry Analysis, By Type (International and Domestic Airline Bookings, Tour and Packaged Travel Bookings, Accommodation Bookings, Cruise Bookings, Car Rental and Others), By Application (Online and Offline), Regional Insights, and Forecast To 2031

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• Segmentation

Travel Agencies Market Report Overview

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The global travel agencies market size was USD 153540 million in 2021 and is projected to touch USD 698483.32 million by 2031, exhibiting a CAGR of 15.6% during the forecasting period.

A company that facilitates trip preparation and booking is a travel agency. They may assist with booking travel and lodging as well as organising excursions and activities. A travel agent is someone who is fully knowledgeable in the tourist product, including destinations, modes of transportation, climate, lodging, and other service-related fields. He represents the principals or product providers on whose behalf he works in exchange for a commission. The owner or manager of an agency is technically a travel agent, but other staff members are in charge of giving tourists recommendations and selling travel packages, tours, and other travel-related products. A travel agent is a person, company, or organisation that is also known as a travel agency. An agency is the location of a travel agency or other business where everyone

COVID-19 Impact: Bad Impact on Tourism Due to Lockdowns to Hamper Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with travel agencies market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributed to the travel agencies market growth and demand returning to pre-pandemic levels once the pandemic is over.

In addition to killing over a million people, the coronavirus drastically altered people's daily routines in a short period of time, had a negative impact on the world economy, and spread panic. The tourist sector appears to have been the hardest devastated by the Covid-19 epidemic of all the afflicted industries, affecting a number of related industries like hotel, travel and tour operators, all forms of transportation services, and many more. Hotels, cafes, taverns, and restaurants just closed their doors as flights were grounded, cities came to a standstill, trains stopped operating, and practically all public transportation ceased to operate. The market for travel agents was negatively impacted by this.

LATEST TRENDS

" Rising Demand for Leisure Travel to Enhance Market Growth "

The reduction in the number of hours in the workweek has led to an increase in leisure travel. This frees up more time for leisure pursuits. People are no longer required to save money by taking unpaid vacations. People can now spend that extra money. There is now a larger selection of leisure activities, so everyone may find something they enjoy. Transportation is become more affordable, simple, and quick. As a result, more people may take vacations overseas and access leisure activities more easily. Leisure travel directly benefits travel agencies market.

RESTRAINING FACTORS

" Risks Involved in Tourism to Impede Market Growth "

The development of global travel agencies is anticipated to be hampered by elements including potential dangers associated with adventure travel, unpredictable climate conditions, and possibility for catastrophes. These factors pose serious threat to the lives of tourists so precautions need to be taken which make it a little expensive. This is anticipated to hamper market growth.

Travel Agencies Market Segmentation

Based on type; the market is divided into international and domestic airline bookings, tour and packaged travel bookings, accommodation bookings, cruise bookings, car rental and others.

In terms of product, tour and packaged travel bookings is the largest segment.

• By Application

Based on application; the market is divided into online and offline.

In terms of application, online is the largest segment.

DRIVING FACTORS

" Inclination of Youth Towards Tourism to Augment Market Growth "

Youth travel preferences, increasing interest in adventure sports and affordable travel packages are anticipated to support market expansion throughout the course of the projected period. Nowadays, it is thought that travelling is a crucial component of adolescent education and activities. Young kids benefit from educational trips that broaden their knowledge and encourage the development of new concepts. The best way to improve health, happiness, and enjoyment is to travel. Additionally, it fosters youth's sense of national solidarity. Most individuals travel for pleasure because it thrills the heart and expands the mind. Seeing the splendours of nature gives people enormous joy. Travellers’ hearts are touched by the majestic mountains and meadows, streams and rivers, the deep blue sky, green trees, the enormous desert, and the open sea. This is anticipated to drive travel agencies market growth.

" Government Initiatives in Travel Agency to Promote Market Growth "

The factors driving the growth of the travel agency market in the future include an increase in government initiatives in the form of public-private partnerships to promote tourism, a spike in travel-related social media trends, intense competition among travel agencies to offer affordable travel packages, fewer travel restrictions, as well as the economic evolution. This is anticipated to boost market growth.

Travel Agencies Market Regional Insights

" North America to Dominate the Market Due to Increased Tourism "

North America dominated the global travel agencies market share. The expansion of the regional market can be linked to a number of variables, including an increase in business travel, an increase in tourism, and the expansion of online travel agencies. Furthermore, it is anticipated that the presence of significant businesses in this region will fuel growth over the following eight years. In North America, demand for foreign travel among both people and corporate entities is expected to rise significantly throughout the projected period as a result of rising disposable income and a better standard of life.

Additionally, due to increased awareness of the various modes of transportation available globally, rapid development and improved infrastructure facilities will spur industry expansion throughout this region during the same period, driving overall revenue share across all segments, including domestic airlines booking service providers, tour operators, accommodation reservations, and car rental agencies, and others.

KEY INDUSTRY PLAYERS

" Intense Competition Among Market Players to Boost Market Growth "

Some of the most prominent and incumbent players functioning within the global travel agencies market include Omega World Travel, Ovation Travel Group, Thomas Cook, Travel and Transport, Travelocity, Travelong, TravelStore, TripAdvisor, Uniglobe Travel International, World Direct Travel. The market's competitive environment may become more intense in the coming years as more new companies prepare to enter the industry . The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

List of Market Players Profiled

• Booking Holdings Inc. (U.S.)
• Expedia Group Inc. (U.S.)
• Trip.com Group Limited (China)
• Tripadvisor, Inc. (U.S.)
• Trivago NV (Germany)
• eDreams (Spain)
• Odigeo (Spain)

REPORT COVERAGE

The report examines market channels of travel agencies and provides information on the elements affecting probable future global development. Additionally, the report looks at market size and share, regional trends, end-use categories, and market segments. It emphasises the importance of outlining an exhaustive regional analysis. The Global travel agencies study also carried out a sector analysis to comprehend the key driving factors and entry barriers of the market. The paper also offers suggestions on how businesses might strengthen their market positions in light of significant alterations in the market dynamics.

Frequently Asked Questions

The travel agencies market is expected to touch USD 698483.32 million by 2031.

The travel agencies market is expected to exhibit a CAGR of 15.6% by 2031.

Inclination of youth towards tourism and government initiatives in travel agency are the driving factors of the travel agencies market.

Omega World Travel, Ovation Travel Group, Thomas Cook, Travel and Transport, Travelocity, Travelong, TravelStore, TripAdvisor, Uniglobe Travel International, World Direct Travel are the top companies operating in the travel agencies market.

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Travel Agency Services Market

Detailed Analysis of the Travel Agency Services Market by Full-service Global Travel Arrangements, Flights, Hotels, Additional Travel Services, Car Hire, and Others

The Industry Plays a Pivotal Role in Promoting Tourism, Supporting Local Economies, and Facilitating Seamless Travel Experiences for Individuals and Businesses Alike.

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Travel Agency Services Market Outlook

The market size for travel agency services was valued at US$ 455,023.4 million in 2023, and it is anticipated to grow at 10.90% annually to reach US$ 1,280,410.5 million by 2033.

The travel agency services market plays a vital role in the global travel and tourism industry, catering to the needs and preferences of travelers around the world.

Travel agencies offer a wide range of services, including travel planning, ticketing, accommodation booking, transportation arrangements, visa assistance, travel insurance, and personalized itineraries.

With the advent of technology and the rise of online travel booking platforms, travel agencies have adapted and evolved to meet the changing demands of travelers.

Travel agencies leverage their industry knowledge, partnerships with airlines, hotels, and other service providers, as well as their ability to negotiate competitive prices and offer exclusive deals to attract and retain customers.

However, the travel agency services market also faces certain challenges. The emergence of online travel agencies and direct booking options provided by airlines and hotels has increased competition.

Despite these challenges, the travel agency services market continues to thrive, driven by the inherent desire of people to explore new destinations, create memorable experiences, and rely on the expertise of travel professionals.

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2018 to 2022 Global Travel Agency Services Outlook Compared to 2023 to 2033 Forecast

The market witnessed a growth trajectory of 19.20% between the period of 2018 to 2022. Travel agencies adapted to the changing landscape by embracing digital platforms, offering personalized services, and enhancing the overall travel experience.

Looking ahead, the forecast for 2023 to 2033 indicates continued growth in the global travel agency services market. Factors such as growing global connectivity, rising middle-class population, and increasing travel demand from emerging economies are expected to fuel market expansion. Additionally, the forecast indicates a shift towards sustainable and responsible travel practices. Travel agencies are expected to play a crucial role in promoting eco-friendly tourism, supporting local communities, and offering sustainable travel options to meet the evolving preferences of travelers.

How is the Global Travel Agency Services Market Flourished in the Recent Years?

As more businesses and general clientele throughout the world are making reservations for pre-planned trips and lodging, the need for travel agency services globally has increased significantly. The vendors used by international travel agency service providers are well-established.

Some key causes influencing the expansion of the global travel agency services market are the rise in business and leisure travel throughout the world, the increase in disposable income, economic growth, and technological advancement.

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How is Digital Marketing Helping to Grow the Global Travel Agency Services Market?

The online brand image of the services offered by travel agencies is their main emphasis. As the internet is the most significant information source for international travelers, they are also attempting to persuade backpackers from across the world by providing interesting information and opinions on online media.

Due to the growing usage of smartphone and tablet applications and technical improvements, the online travel agency is anticipated to expand. By offering online application-based services, travel agency service providers want to reduce the need for middlemen like travel agents and boost their profit margins.

Comparative View of the Travel Agency Services Industry

Travel Agency Services Market:

Geomechanics Service Market:

Tourism Market:

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Country-wise Insights

How are the global travel agency services doing in the north america countries.

North American countries have highly influenced Global travel agency services. The region has contributed 28.40% to global travel agency services in the year 2022. Travel agency websites in these areas provide one with various features like ‘book now,’ which may take one directly to the booking site.

Places tourists wish to visit they can put on the 'wish list.' Cancellation fees are not applicable. All these features have helped global travel agency services in North American countries to gain more customers.

Social Media is Helping the Global Travel Agency Services in the European Countries to Flourish

The European countries have contributed a total of 22.50% in the year 2022. Focusing on the tourist industry is one of the main foundations for inclusive growth and the creation of new jobs in Europe. In recent years, social media platforms have become a significant marketing tool for travel agencies.

As so many people use social media, it is simple to follow their preferences and interests, which enables travel agencies to focus on customers who are likely to choose travel experiences and who can afford trip packages. These elements provide travel agencies with a very thorough understanding of client preferences and behavior.

India is One of the Lucrative Hubs for Tourism, Contributing A CAGR of 14.20% in the Travel Agency Services Market

The country's rich cultural heritage, diverse landscapes, historical monuments, and vibrant traditions have positioned India as a preferred choice for travelers from around the world. The government's initiatives to promote tourism, improve infrastructure, and facilitate ease of travel have further bolstered India's appeal as a tourist destination.

The increasing influx of foreign tourists and the rising disposable incomes of the domestic population have fueled the demand for travel agency services in India. Travel agencies play a vital role in offering customized travel packages, seamless itineraries, and memorable experiences to both domestic and international travelers.

Category-wise Insights

What service type provided by global travel agency services is more popular.

The full-service global travel service is the most preferred among individuals, the segment acquired 25.60% of the global value share.

Global travel agency services provide various services like full-service global travel arrangements, flights, hotels, additional travel services, car hire, and others. The most popular among these services is the full-service global travel arrangements. This is because this service includes stay arrangements, travel arrangements, food arrangements, etc. Basically, it is a combination of all packages. Since it is a combination of all services, there are various discounts and offers that come with it. Hence, tourists/ customers find it very appealing.

Which Age Group Avails the Global Travel Agency Services?

26 to 35 years highly avail the benefits of the travel agency services. The age group is likely to command 34.60% of the value share

The age group of 26 to 35 years is part of the millennial generation and loves to spend money on things that can help them gain more experience. This age group has the urge to learn more through traveling around the world. Traveling around the world helps them learn about the cuisine, culture, traveling modes, etc., of a particular place/ region/ state, etc.

What Type of Booking Channel is the Most Prominent Channel through the Forecast Period?

The most prominent channel through the forecast period is the online booking channel. Bookings for travel agency services can be done using various different channels globally such as online and offline booking. But among these, the most prominent booking channel is the online booking channel. This is due to the increase in the digital presence of the agency which provides these services. Also, through the online booking channel, one can avail of discounts, offers, etc.

Competitive Landscape

The travel agency services market is characterized by intense competition, with several key players vying for market share and customer loyalty. These companies offer a wide range of services and strive to differentiate themselves through innovative offerings and exceptional customer experiences.

• Expedia Group is a leading global online travel agency that operates several well-known brands, including Expedia, Hotels.com, and Vrbo. Expedia Group's strong online presence and extensive partnerships with airlines and hotels contribute to its competitive advantage in the market.
• Booking Holdings Inc. is another prominent player in the travel agency services market. Booking Holdings' global reach, user-friendly interfaces, and competitive pricing make it a preferred choice for many travelers.
• American Express Global Business Travel is a leading provider of corporate travel management services. With its strong industry expertise, personalized services, and advanced technology platforms, GBT caters to the unique needs of corporate travelers and helps businesses optimize their travel programs.
• CWT is a global travel management company that provides comprehensive travel services to businesses of all sizes.
• Flight Centre Travel Group is a leading travel agency with a strong presence in multiple countries. Its customer-centric approach, expert travel consultants, and global network contribute to its competitive position in the market.

Recent Developments

• MakeMyTrip introduced the myPartner platform in August 2020 to support travel agencies in providing superior travel booking experiences to travelers. MyPartner is a platform designed to provide local travel agencies access to one of the most comprehensive collections of online travel inventory.
• In June 2021, Oyo, together with online travel providers such as Yatra, Airbnb, and EaseMyTrip, formed an organization to investigate the problems encountered by small hotel owners and promote new tourist formats in a country still recovering from the epidemic. The Confederation of Hospitality Technology and Tourism Industry (CHATT) aims to assist small and medium hotels and homes across India in using technology to revitalize their operations.

Key Segments

By services provided:.

• Full-service Global Travel Arrangements
• Additional Travel Services

By Booking Channel:

• Phone Booking
• Online Booking
• In Person Booking

By Tourist Type:

• International

By Tour Type:

• Independent Traveler
• Package Traveler
• By Consumer Orientation:

By Age Group:

• 15 to 25 Years
• 26 to 35 Years
• 36 to 45 Years
• 46 to 55 Years
• 66 to 75 Years
• North America
• Latin America
• The Middle East & Africa

Frequently Asked Questions

What is the current travel agency services market valuation.

The travel agency services market is valued at US$ 455,023.4 million in 2023.

What is the Projected Size of the Travel Agency Services Market by 2033?

The travel agency services market is projected to attain a value of US$ 1,280,410.5 million by 2033.

What is the Estimated CAGR for the Travel Agency Services Market?

The travel agency services market is anticipated to surge at a robust 10.90% CAGR through 2033.

Which Country Demonstrates Significant Profit Potential for Travel Agency Services?

India's travel agency services market exhibits substantial profit potential and is set to exhibit a robust 14.20% CAGR through 2033.

Which is the Key Segment in the Travel Agency Services Market by Age Group?

The 26 to 35 years age segment is poised to dominate the market, accounting for 34.60% of the market share.

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Online Travel Market Size, Share, Competitive Landscape and Trend Analysis Report by Service types, Platforms, Mode of Booking ,and Age Group : Global Opportunity Analysis and Industry Forecast, 2022-2031

CG : Travel & Luxury Travel

✷  Report Code: A01415

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The global online travel market size was valued at $354.2 billion in 2020, and is estimated to reach $1,835.6 billion by 2031, registering a CAGR of 14.8% from 2022 to 2031.

Online travel providers aim to ease travel planning and bookings for travelers. The online travel industry is being pushed by quick and easy flight and hotel bookings, an increase in customer trust in online payment, and the option to compare numerous available travel alternatives.. Market players are extensively offering travel services through mobile websites and apps, as it is one of the most preferred mediums of travel bookings, particularly among the young professionals.

The emergence of internet has led to intense exposure of people to social media sites. People first browse through websites, gather detailed information, and review the required product or service before making a purchase. In addition, social media such as Facebook, Twitter, and travel blogs have become a common medium for people to discuss travel plans. Social media acts as a platform for online travel service providers to advertise their services and special offers for online bookings garnering the online travel market growth during the forecast period.

Transportation segment helds the major share of 41.2% in 2020

Social and political disturbances affect the travel & tourism industry in specific regions. Customers tend to avoid these conflict prone areas even if they get travel services at affordable prices. Government of several nations have also declared instructions for travelers to refrain from traveling to countries affected with epidemics or social/political unrest. This, limits the scope of online travel booking to those countries thereby affecting the sales of the online travel market.

The online travel market segmented into service type, platforms, mode of booking, age group, and region. On the basis of service type, the market is categorized into transportation, travel accommodation, and vacation packages. By platform, it is segmented into mobile and desktop. On the basis of mode of booking, it is segmented into online travel agencies (OTAs) and direct travel suppliers. On the basis of age group, market is segmented into ¬22-31 years¬ 32-43 years¬ 44-56 years¬ and >56 years. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, and rest of LAMEA).

Desktop segment helds the major share of 69.3% in 2020

According to the online travel market trends, on the basis of service types, the travel accommodation segment was the considerable contributor to the market, with $123.7 billion in 2020, and is estimated to reach $719.5 billion by 2031, at a CAGR of 16.0% during the forecast period. Travelers are increasingly being offered a diverse range of hotel options at reasonable costs by market players.. Customers compare accommodation options at several websites to get the best affordable deal. Travelers choose specialized online accommodation providers such as Airbnb, Inc. and OYO Rooms because they provide a wide range of lodging alternatives.. Thus, above mentioned factors are  attributable for the growth of the market through travel accommodation segment.

According to the platforms, the mobile segment was the significant contributor to the market, and is estimated to reach $617.9 billion by 2031, at a CAGR of 15.8% during the forecast period. Increase in usage of mobile and innovative mobile travel apps majorly attribute for the growth of the market through mobile segment. Technology has changed the way people communicate and travel across the globe. With evolving technology and increase in use of mobiles, easy and efficient methods are being developed to make traveling easy and comfortable, thus increasing the growth of travel industry. Mobile travel apps are gradually gaining pace in the market and are preferred by travelers to make their travel arrangements. Thus, increase in usage of the smart phones and growth in digital literacy is likely to proliferate the growth of the online travel market.

Direct Travel Suppliers segment helds the major share of 55.7% in 2020

On the basis of mode of booking, the direct travel suppliers segment was accounted for major share in global online travel market and is expected  to sustain its share throughout the forecast period. Direct travel suppliers are the major revenue contributors in the product market. However, this segment witnesses an increase in threat from the growing online travel agencies (OTAs) market share. To remain competitive, airlines such as Lufthansa AG choose to circumvent OTAs by charging additional fees for bookings made through the OTAs.. The online travel industry through direct travel suppliers is developing at a slower rate, because customers are constantly using OTA platforms..                                

According to the online travel market analysis, on the basis of age group, the 22-31 Years segment was the considerable contributor to the market, with $102.0  billion in 2020, and is estimated to reach $539.2  billion by 2031, at a CAGR of 15.0% during the forecast period. The age group of 22–31 years comprises the young population, which are the early starters in their professional career. When compared to travelers in the older age groups, these travelers are more likely to spend more money on travel and visit new places. These travelers have changed the travel business because of their extensive use of technology, . Smartphones and other mobile devices are largely preferred to make travel arrangements. Furthermore, social media platforms are utilized to evaluate various travel service providers, locations, modes of transportation, and lodging. As a result, the industry is experiencing strong growth in the 22–31 year age group sector..

32 - 43 Years segment helds the major share of 33.6% in 2020

According to the online travel market opportunities, region wise, Asia-pacific gained significant online travel market share and is expected to sustain its share throughout online travel market forecast period. It possesses the highest growth potential in the online travel market, India and China being the most lucrative markets. The growth is attributed to the increase in disposable income, rise in middle-class segment, and greater penetration of internet facilities. Ctrip is the leading player in online travel market in China, whereas MakeMytrip, Yatra, and Cleartrip are the major online travel agencies (OTA) in India. 

The players operating in the global online travel industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Expedia Group, Inc., Ebury Partners UK Ltd, Fareportal Inc. , Hostelworld.com Limited, Hurb Co S/A, HRS, MakeMyTrip Ltd., Oracle Corporation, Priceline (Booking Holdings Inc.), SABS Travel Technologies, Tavisca Solutions Pvt. Ltd., Thomas Cook India Ltd., travelomatix.com, Trip.com Group, Tripadvisor, Inc., and WEX Inc.

North America region helds the major share of 33.3% in 2020

Key Benefits For Stakeholders

• The report provides a quantitative analysis of the current trends, estimations, and dynamics of the market size from 2020-2031 to identify the prevailing opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis and the market size and segmentation assist to determine the prevailing market opportunities.
• The major countries in each region are mapped according to their revenue contribution to the market. 
• The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the online travel market.

  Online Travel Market Report Highlights

Analyst Review

The global online travel market is anticipated to witness robust growth in the emerging market of Asia-Pacific. The growth is attributed to increase in disposable income, rise in middle-class segment, and greater penetration of internet facilities. Business travel has also fueled market growth in Asia-Pacific. Approximately, 90% of corporate travelers in the region own either a smart phone or tablet. More than 50% of these travelers manage their travel through these devices. Companies cater to the needs of travelers through innovative mobile travel apps to gain market share. Apps with various features are being developed to stay connected to travelers throughout their journey and to assist them whenever required. Travel apps offer flexibility to travelers, thus becoming an important differentiating factor for the consumers while choosing a travel company. In addition, customers download hotel and airline apps for quick view and booking status. Thus, proliferation of mobile usage and innovative mobile travel apps are expected to foster the growth of the online travel market in the future.

• Travel Destinations
• Luxury Accommodations
• Travel Packages
• Adventure Travel
• Luxury Travel Experiences
• Travel Planning
• Outdoor Activities

Total Market value of Online Travel report was valued at $354.2 billion in 2020.

14.8% is the CAGR of Online Travel Market

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2022 to 2031 would be forecast period in the market report Market

Expedia Group, Inc., Ebury Partners UK Ltd, Fareportal Inc. , Hostelworld.com Limited, Hurb Co S/A, HRS, MakeMyTrip Ltd., Oracle Corporation, Priceline (Booking Holdings Inc.) and SABS Travel

The online travel market segmented into service type, platforms, mode of booking, age group, and region

India online travel market was valued at $12.4 billion and is expected grow at 21.1% during the forecast period.

By the end of the 2031, Asia-Pacific is expected to dominate the online travel market.

Online travel market was negatively impacted the growth of the market and is expected grow at highest CAGR growth rate after COVID-19 scenario.

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Online Travel Market

Global Opportunity Analysis and Industry Forecast, 2022-2031

• Consumer Goods and Services /
• Travel and Tourism /
• Travel Intermediaries /
• Online Travel

Online Travel Agent Global Market Report 2024

• February 2024
• Region: Global
• The Business Research Company
• ID: 5939779
• Description

Table of Contents

Executive summary.

• Companies Mentioned

Methodology

Related topics, related reports.

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• Vacation Packages
• Transportation
• Accommodation
• Mobile/Tablets Based
• Desktop Based
• Hotel Bookings
• Other Categories

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
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• Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.
• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:
• The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
• The impact of higher inflation in many countries and the resulting spike in interest rates.
• The continued but declining impact of COVID-19 on supply chains and consumption patterns.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Companies mentioned (partial list).

A selection of companies mentioned in this report includes, but is not limited to:

• Booking Holdings
• Expedia Group
• Trip.com Group Limited
• TripAdvisor
• eDreams Odigeo
• MakeMyTrip Limited
• lastminute.com NV
• Hostelworld Group
• Pegipegi.Com
• Cncn Travel
• Tongcheng Network Technology Co
• Huangbaoche
• China International Travel Service Corporation Limited
• Travelplan Australia
• Daily Hotel
• Thomas Cook India
• Jtb (Japan Travel Bureau) Corporation
• Japanican.Com
• Ab-In-Den-Urlaub.De
• Holidaycheck.De
• Sherpa Expeditions
• Stoke Travel
• Topdeck Travel
• Sicily Activities
• Flag Travel Holidays
• Soleto Travel
• Euroventure
• Skyscanner Ltd
• On The Beach Group Plc
• Booking.Com Ltd
• We Love Holidays Ltd
• Secret Escapes Ltd
• Voyage Prive Uk
• Anywayanyday
• Ozon Travel
• Ostrovok.Ru
• Onlinetours
• Intrepid Travel
• G Adventures
• Destination Services Mexico
• On The Go Tours
• Bel Air Travel
• Canada Travels
• Canuck Abroad
• Flightcentre.Ca
• Lonely Planet Global Inc
• Decolar.Com
• Submarino Viagens
• Exodus Travels
• Say Hueque Argentina Journeys
• Luxury Gold
• Peregrine Adventures
• Trexperience
• Tucan Travelintrepid Travel
• Travel Agent
• Travel Intermediaries

Global Online Travel Market Outlook, 2028

•  Report
• August 2023

Global Online Travel Market Overview, 2023-28

Online Travel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Online Travel Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

• November 2023

Online Travel - Thematic Intelligence

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• U.S. travel agency industry market size 2012-2022

Market size of the travel agency sector in the United States from 2012 to 2022 (in billion U.S. dollars)

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October 2023

United States

2012 to 2022

Figures have been rounded. Figures prior to 2022 came from a previous report.

Other statistics on the topic Travel agency industry

• Revenue of Royal Caribbean Cruises worldwide 1988-2023
• Revenue of Carnival Corporation & plc worldwide 2008-2023
• Revenue of TUI AG worldwide 2004-2023
• Turnover of Hays Travel Limited in the UK 2008-2023

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Statistics on " Travel companies "

• Market size of the tourism sector worldwide 2011-2024
• Online travel market size worldwide 2017-2028
• Key information on the global travel agency industry January 2024
• Market cap of leading online travel companies worldwide 2023
• Leading travel companies worldwide 2022, by sales
• Number of employees at leading travel companies worldwide 2022
• Revenue of leading OTAs worldwide 2019-2022
• Marketing expenses of leading OTAs worldwide 2019-2022
• Marketing/revenue ratio of leading OTAs worldwide 2019-2022
• Revenue of Booking Holdings worldwide 2007-2023
• Revenue of Expedia Group, Inc. worldwide 2007-2023
• Airbnb revenue worldwide 2017-2023
• Total revenue of Trip.com Group 2012-2022
• Revenue of Tripadvisor worldwide 2008-2023
• Most popular travel and tourism websites worldwide 2024
• Total visits to travel and tourism website booking.com worldwide 2021-2024
• Total visits to travel and tourism website tripadvisor.com worldwide 2020-2024
• ACSI - U.S. customer satisfaction with online travel websites as of 2023
• Number of aggregated downloads of leading online travel agency apps worldwide 2023
• Number of aggregated downloads of leading online travel agency apps in the U.S. 2023
• Leading travel apps in the U.S. 2022, by market share
• Leading travel apps in Europe 2022, by market share
• U.S. tour operator industry market size 2012-2022
• Leading travel agents ranked by number of outlets in the UK 2024
• Leading ATOL-licensed tour operators in the UK 2024, by passengers licensed
• Worldwide cruise company market share 2022
• Revenue of Norwegian Cruise Line worldwide 2011-2023
• TUI cruise brand revenue worldwide 2015-2023, by brand
• Percentage change in revenue of leading cruise companies worldwide 2020-2023

Other statistics that may interest you Travel companies

Industry overview

• Premium Statistic Market size of the tourism sector worldwide 2011-2024
• Premium Statistic Online travel market size worldwide 2017-2028
• Premium Statistic Key information on the global travel agency industry January 2024
• Basic Statistic Market cap of leading online travel companies worldwide 2023
• Premium Statistic Leading travel companies worldwide 2022, by sales
• Premium Statistic Number of employees at leading travel companies worldwide 2022

Online travel agencies (OTAs)

• Premium Statistic Revenue of leading OTAs worldwide 2019-2022
• Premium Statistic Marketing expenses of leading OTAs worldwide 2019-2022
• Premium Statistic Marketing/revenue ratio of leading OTAs worldwide 2019-2022
• Basic Statistic Revenue of Booking Holdings worldwide 2007-2023
• Premium Statistic Revenue of Expedia Group, Inc. worldwide 2007-2023
• Premium Statistic Airbnb revenue worldwide 2017-2023
• Premium Statistic Total revenue of Trip.com Group 2012-2022
• Premium Statistic Revenue of Tripadvisor worldwide 2008-2023

Travel websites and apps

• Premium Statistic Most popular travel and tourism websites worldwide 2024
• Premium Statistic Total visits to travel and tourism website booking.com worldwide 2021-2024
• Premium Statistic Total visits to travel and tourism website tripadvisor.com worldwide 2020-2024
• Premium Statistic ACSI - U.S. customer satisfaction with online travel websites as of 2023
• Premium Statistic Number of aggregated downloads of leading online travel agency apps worldwide 2023
• Premium Statistic Number of aggregated downloads of leading online travel agency apps in the U.S. 2023
• Premium Statistic Leading travel apps in the U.S. 2022, by market share
• Premium Statistic Leading travel apps in Europe 2022, by market share

Travel agencies and tour operators

• Premium Statistic U.S. travel agency industry market size 2012-2022
• Premium Statistic U.S. tour operator industry market size 2012-2022
• Premium Statistic Revenue of TUI AG worldwide 2004-2023
• Premium Statistic Leading travel agents ranked by number of outlets in the UK 2024
• Premium Statistic Leading ATOL-licensed tour operators in the UK 2024, by passengers licensed
• Premium Statistic Turnover of Hays Travel Limited in the UK 2008-2023

Cruise companies

• Premium Statistic Worldwide cruise company market share 2022
• Premium Statistic Revenue of Carnival Corporation & plc worldwide 2008-2023
• Premium Statistic Revenue of Royal Caribbean Cruises worldwide 1988-2023
• Premium Statistic Revenue of Norwegian Cruise Line worldwide 2011-2023
• Premium Statistic TUI cruise brand revenue worldwide 2015-2023, by brand
• Premium Statistic Percentage change in revenue of leading cruise companies worldwide 2020-2023

Further related statistics

• Premium Statistic Employee number in travel agency and tour operator services in Norway 2011-2019
• Premium Statistic Number of employees in travel agencies Malaysia 2012-2021
• Premium Statistic Revenue of Thomas Cook Netherlands 2014-2017
• Premium Statistic Number of tourism enterprises in Austria 2008-2017
• Premium Statistic Number of tourism businesses Australia 2022, by type
• Premium Statistic Number of travel agencies in China 2016, by region
• Premium Statistic Number of tourism businesses Australia 2022, by state
• Premium Statistic Intermediate consumption monetary data for tourism services Saudi Arabia 2007-2020
• Premium Statistic Gross value added for tourism services Saudi Arabia 2007-2020
• Premium Statistic Number of tourism premises in Denmark 2010-2020
• Premium Statistic Employee compensation in travel agencies Saudi Arabia 2007-2020
• Premium Statistic Value of GFCF in travel agencies Saudi Arabia 2010-2015
• Premium Statistic Output monetary data for tourism reservation services Saudi Arabia 2007-2020
• Premium Statistic Number of employees in travel agencies and reservation services Japan 2010-2019
• Premium Statistic Travel agencies and tour operators: monthly turnover index in Spain 2018-2019
• Premium Statistic Travel agency franchises in Spain 2010-2019
• Premium Statistic Globalia: turnover of travel agencies by market 2014-2018
• Premium Statistic Industry revenue of “other reservation service and related activities“ in Ireland 2012-2025

Further Content: You might find this interesting as well

• Employee number in travel agency and tour operator services in Norway 2011-2019
• Number of employees in travel agencies Malaysia 2012-2021
• Revenue of Thomas Cook Netherlands 2014-2017
• Number of tourism enterprises in Austria 2008-2017
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• Number of travel agencies in China 2016, by region
• Number of tourism businesses Australia 2022, by state
• Intermediate consumption monetary data for tourism services Saudi Arabia 2007-2020
• Gross value added for tourism services Saudi Arabia 2007-2020
• Number of tourism premises in Denmark 2010-2020
• Employee compensation in travel agencies Saudi Arabia 2007-2020
• Value of GFCF in travel agencies Saudi Arabia 2010-2015
• Output monetary data for tourism reservation services Saudi Arabia 2007-2020
• Number of employees in travel agencies and reservation services Japan 2010-2019
• Travel agencies and tour operators: monthly turnover index in Spain 2018-2019
• Travel agency franchises in Spain 2010-2019
• Globalia: turnover of travel agencies by market 2014-2018
• Industry revenue of “other reservation service and related activities“ in Ireland 2012-202...

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Adroit Market Research - Industry Insights

Major players profiled in the study include Expedia Group, Ebury Partners UK, Fareportal, Hostelworld Limited, Hurb Co S/A, HRS, MakeMyTrip, Oracle Corporation, Priceline, SABS Travel Technologies, Tavisca Solutions, Thomas Cook India, travelomatix.com, Trip.com Group, Tripadvisor, WEX. among others.

Latest Developments

• Expedia Group just revealed an Open World Technology platform for 2022. Technology is created for partner organisations. The platform is ideal for the agency looking to launch a new online travel business since it includes a comprehensive ecommerce suit, with several blocks including payments, chatbots, services, and fraud detection.

Online Travel Agencies Market Scope

Key Segments in the global Online Travel Market

By Service Type, 2019-2029 (USD Billion)

• Transportation
• Vacation Packages
• Accommodation

By Device Platform, 2019-2029 (USD Billion)

By Payment Modes, 2019-2029 (USD Billion)

• Debit / Credit Card
• Others (Vouchers, Discount Codes)

By Region, 2019-2029 (USD Billion)

North America

• Rest of Europe

Asia Pacific

• Rest of Asia Pacific

South America

• Rest of South America

Middle-East and South Africa

Frequently Asked Questions (FAQ) :

What is the market value of online travel agencies market in 2032, what is the growth rate of online travel agencies market, which are the top companies hold the market share in online travel agencies market.

1.  Introduction        o Introduction       o Market Definition and Scope       o Units, Currency, Conversions, and Years Considered       o Key Stakeholders       o Key Questions Answered 2.  Research Methodology        o Introduction       o Data Capture Sources       o Market Size Estimation       o Market Forecast       o Data Triangulation       o Assumptions and Limitations 3.  Market Outlook        o Introduction       o Market Dynamics            ? Drivers           ? Restraints           ? Opportunities           ? Challenges       o Porter’s Five Forces Analysis       o PEST Analysis 4. By Service Type, 2019-2029 (USD Billion)       • Transportation       • Vacation Packages       • Accommodation 5. By Device Platform, 2019-2029 (USD Billion)       • Mobile       • Desktop 6. By Payment Modes, 2019-2029 (USD Billion)       • UPI       • E-Wallet       • Debit / Credit Card       • Others (Vouchers, Discount Codes) 7. Regional Overview, 2019-2029 (USD Billion)       North America           o U.S           o Canada       Europe           o Germany           o France           o UK           o Rest of Europe       Asia Pacific           o China           o India           o Japan           o Rest of Asia Pacific       South America           o Mexico           o Dental            o Rest of South America       Middle-East and South Africa 8. Competitive Landscape        o Company Ranking       o Market Share Analysis       o Strategic Initiatives            ? Mergers & Acquisitions           ? New Product Launch           ? Others 9.  Company Profiles       • Expedia Group       • Ebury Partners UK       • Fareportal       • Hostelworld Limited       • Hurb Co S/A       • HRS       • MakeMyTrip       • Oracle Corporation       • Priceline       • SABS Travel Technologies       • Tavisca Solutions       • Thomas Cook India       • travelomatix.com       • Trip.com Group       • Tripadvisor       • WEX. 10. Appendix        o Primary Research Approach            ? Primary Interview Participants           ? Primary Interview Summary       o Questionnaire       o Related Reports            ? Published           ? Upcoming  

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Related Travel Research

U.s. online travel agency market report 2020-2024.

Free for Open Access Subscribers

Coming off a year of steady growth with rosy outlooks and big plans for 2020, U.S. online travel agency bookings plummeted as a pandemic brought the world to a standstill. OTAs suffered a steep 59% drop in gross bookings. Adapting quickly during volatile times, OTAs highlighted the power of being nimble and innovative to continue servicing both customers and partners. This report provides an overview of the U.S. online travel agency landscape, including market sizing and projections through 2024, analysis, key trends, major players and more.

For more on the U.S. travel marketplace, check out the following:

• U.S. Travel Market Report 2020-2024
• U.S. Airline Market Report 2020-2024
• U.S. Hotel & Lodging Market Report 2020-2024
• U.S. Car Rental Market Report 2020-2024
• U.S. Cruise Market Report 2020-2024
• U.S. Packaged Travel Market Report 2020-2024
• U.S. Travel Market Data Sheet 2020-2024 (subscriber only)

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Global Online Travel Agent Market Report By Service Types (Transportation, Travel Accommodation, Vacation Packages), By Platform (Mobile/Tablet Based, Desktop Based) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

• Transportation
• Travel Accommodation
• Vacation Packages
• Mobile/Tablet Based
• Desktop Based
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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• Saint Petersburg
• Golden Ring
• Tour Packages

Russia Travel Agency

Grand Russia is a team of professionals who work in the field of tourism for more than 10 years. We know our country and we know the best ways to show you the maximum of it for a short period of your vacation. Our team makes it’s best to provide you the highest quality of service for a competitive prices and make your visit to Russia unforgettable.

There are 4 “NEVERS” which we guarantee to our customers:

• You will never feel bored during our excursions because our guides are the best.
• You will never feel uncomfortable in the hotel because we work only with the top rated hotels which have been tested by us.
• You will never feel scary on the roads with our drivers because we work only with officially accredited transport companies with high skilled professional drivers.
• You will never be disappointed by our services because we are professional.

Best Way to Explore Russia!

We take pride in inviting you to a perfect journey across Russia, where you can explore history, culture, and life like never before. Being the Best Russian Tour Agency , your trip will be full of excitement, very informative and extensively enthralling!

Grand Russia is a reliable Russia Travel Agency with dedicated travel professionals who are all to serve different groups such as incentive groups, corporate groups, sports, leisure and more. Our association with leading tour operators and tour companies empower us to layout a wonderful trip for you that are according to your needs and within budget. No matter from which part of the world you belong, you will relish our services.

We are locally owned and managed a company with offices located here. We are in the Federal Registers of Tour operators in Russia (PTO 018637). Due to our local presence, people visiting in this amazing part of the world get the best; be it the lowest prices available with the highest levels of quality Russian Travel . Find our tailor-made packages which you will not find anywhere else!

Our customer testimonial that you can check is proof our excellent services that we offer! Whether you are planning for summer or winter vacations, you will experience a great tour of Russia.

With our services that are on offer comprise of:

Package tours across Russia (groups and individuals both)

• Completely tailored tours to suit your need
• Russian river cruises
• Arrangement of Air Tickets & Russian train tickets at competitive rates
• First-rate, cheap prices at Russian hotels
• Visa support
• Social Responsibility

There are many more that you will find in your tour packages that will make your travel to Russia with our company a memorable one. In addition to our standard services, Grand Russia offers tours packages to Moscow and St Petersburg . You cannot resist our Two Hearts of Russia (7 Days &6 Nights) , Golden Moscow (4 Days &3 Nights) , Sochi (3 Days & 2 Nights), Golden Ring (1 Day & 2 Days), and many more.

As a leading travel agency specializing in the tour to Russia and Former Soviet Republics, we are connecting the travellers from every part of the world for more than 10 years. Not only the warmth of Russia as a whole but you will discover how easy and affordable is our services to unravel the exquisite beauty of this great nation. We work closely with Russia Tourism and offer airline tickets, visa services, hotel accommodations, tours and any other assistance you may require while touring here.

You do not have to be worried about any travel-related services for domestic and international tours when Grand Russia is at you service. We not only take care of the rates but also offer the basic planning to execution, expertise and yet most made to order service from air travel, railway reservation, coaches and car rentals, hotel bookings, holiday packages, etc.

Get full information about all necessary documentation & requirements for the processing of Visa, we provide an invitation letter and a voucher for getting a tourist visa in the embassy of Russia.

“Honest alliance last forever: we work on this principle.”

Grand Russia is a tour company providing original and professional private tours in Moscow, St. Petersburg, Golden ring towns and around Russia. We have a team of professionals who work in the field of tourism for more than 10 years. Guides from our team are all licensed and speak fluent English, German, French, Italian, Spanish, Portuguese, Polish, Chinese and many other languages.

We in the Federal Register of Touroperators in Russia,

LLC "Grand Russia"

• Golden Moscow
• Two Hearts of Russia

Quick Links

• About Grand Russia
• Address: Svetlaya street, 9-100 Krasnogorsk, Moscow Russia 143409
• Tel: +7 905 772 00 73
• Email: [email protected]
• Email: [email protected]

© 2019 Grand Russia.

About Karlson Tourism

Karlson Tourism offices :

Access Current Year Market Size Data for Global Travel Agency Services

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Global Travel Agency Services - Market Size

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