market research on online travel agencies

Marketing expenses of leading online travel agencies (OTAs) worldwide from 2019 to 2023 (in million U.S. dollars) Premium Statistic Marketing/revenue ratio of leading OTAs worldwide 2019-2023

The global online travel market size reached US$ 512.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,267.1 Billion by 2032, exhibiting a growth rate (CAGR) of 10.4% during 2024-2032. The escalating penetration of smart devices, easy access to high-speed internet connectivity, the rising popularity of solo ...

In 2020, the global market for online travel agencies had grown at a compound annual growth rate (CAGR) of -3.5% since 2015. Its worth was close to $460.9 billion. The market for online travel agencies grew at a 15.1% CAGR from $453.9 billion in 2020 to $775.1 billion in 2025. The global COVID-19 pandemic, which caused significant travel ...

Marketing expenses of leading online travel agencies (OTAs) worldwide from 2019 to 2023 (in million U.S. dollars) Premium Statistic Marketing/revenue ratio of leading OTAs worldwide 2019-2023

The global online travel booking service market size was valued at USD 519.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.0% from 2022 to 2030. The market growth can be attributed to shifting consumer behavior, the growing influence of social media, increasing disposable income, and rising inclination toward adventure travel across the globe

The online booking industry has mostly maintained commission levels and gross bookings are returning. Therefore, OTA revenue is recovering faster than most other travel sectors. However, profitability has been deeply hurt and is much slower to recover. The 'big 3' OTAs - Trip.com Group, Booking Holdings, and Expedia Group - are steadily ...

U.S. Travel Market Data Sheet 2021-2025. U.S. online travel agencies (OTAs) recovered handily in 2021, buoyed by resilient domestic travel. Following the 2020 crash, U.S. OTA bookings nearly doubled despite the ups and downs of another pandemic year, reaching 82% of 2019 gross bookings levels. By the end of 2022, the segment is expected to ...

U.S. Packaged Travel Market Report 2022-2026. With the U.S. travel market continuing its post-pandemic rebound in 2022, online travel agencies (OTAs) comprised just over a fifth of the total U.S. market, with bookings up about 20% from pre-pandemic levels. While a large part of the growth can be attributed to external market forces like rampant ...

Online Travel Agencies Market Outlook (2023 to 2033) As per newly released data by Future Market Insights (FMI), the online travel agencies market is estimated at US$ 465.1 million in 2023 and is projected to reach US$ 1,694.2 million by 2033, at a CAGR of 13.8% from 2023 to 2033. Attribute.

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 ...

Online Travel Agencies market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2024-2032 Published Date: January, 2024 Base Year: 2023

Online travel agencies: share of hotel bookings in Europe 2012-2016 Online travel agency market value 2014, by region Lastminute.com Group revenue worldwide 2017-2023

Online Travel Market was valued at USD 540.2 billion in 2021 and is expected to reach USD 1,263.0 billion by 2029, growing at a CAGR 11.2% over the forecast period (2022-2029), attributed to increasing consumers inclination towards adventure travel. To have an edge over the competition by knowing the market dynamics and current trends of ...

Industry Insights. [225+ Pages Report] According to the report published by Facts Factors, the global online travel market size was worth around USD 354.25 billion in 2021 and is predicted to grow to around USD 1835.7 billion by 2028 with a compound annual growth rate (CAGR) of roughly 14.9% between 2022 and 2028.

The online travel industry encompasses the various online reservation and booking services available to consumers to plan their trips via the internet, rather than using an agency or middle man. The online travel industry is composed of a variety of companies that offer differing rates, costs, and locations for accommodations, transportation ...

U.S. Packaged Travel Market Report 2023-2027. As the digital landscape evolves, U.S. online travel agencies (OTAs) continue growing, with 2023 witnessing a solid yet decelerated 14% expansion in response to a stabilizing consumer demand post-pandemic. Hotels continue constituting the majority of OTA gross bookings.

Online travel agencies will witness high growth opportunities. The global travel market is recovering from the negative effects of the pandemic, according to the recent data cited in the report. This provides a growth momentum to the online travel booking channel, which is poised to expand substantially in 2022 compared to the past year.

The revenue of the travel agent industry is made of up the fees charged for their services, and what services the client requests. This industry possesses a well-established base of suppliers. The demand for travel agents relies on a number of factors: economic growth, business and leisure travel, consumer income, airline seat availability ...

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Southwest has been long known for not listing its fares on Google Flights or with online travel agencies. Something that was once seen as unlikely now seems to be a reality: Southwest Airlines is ...

U.S. Travel Market Data Sheet 2020-2024 (subscriber only) 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 ...

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