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Online Travel Agency Market Is Booming Worldwide : Expedia, Tripadvisor, Airbnb

By: SBWire

NJ New Jersey, USA -- (SBWIRE) -- 03/08/2023 -- The Latest published a market study on Global Online Travel Agency Market provides an overview of the current market dynamics in the Online Travel Agency space, as well as what our survey respondents— all outsourcing decision-makers— predict the market will look like in 2028. The study breaks the market by revenue and volume (wherever applicable) and price history to estimate the size and trend analysis and identify gaps and opportunities. Some of the players that are in coverage of the study are Expedia Group, Inc. (United States), Booking Holdings (Netherlands), TravelPerk S.L.U (Spain), Airbnb, Inc. (United States), Tripadvisor, Inc. (United States), Google Hotels (United States), Travelgenio (Spain), eDreams (United States), (Germany), Qunar (China).

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Scope of the Report of Online Travel Agency
An online travel agency is an online platform for travelers that manages and sells accommodations, tours, trips, and transportation packages. It is used for hotels, vacations, travel, etc applications. It is considered as a third party that sells and manages the travel packages on behalf of other companies and hotels. usually, the online travel agencies provide various benefits with value-added convenience and aim mostly at individual customers rather than the corporations who use corporate travel agencies.

The titled segments and sub-section of the market are illuminated below:
by Type (B2B, B2C), Application (Hotel, Vacation, Travel, Others), Function (Making Reservations, Translation Services, Direction Guidance, Audio Guidance, Other), Model (Merchant Model, Agency Model), Deployment (Web based, Application based)

Market Trends:
Increasing Utilization of Application-based Online Travel Agency for the Flights and Hotels Booking

Rapid Increase in Demand for Vacation and Traveling Since the Removal of Pandemic Lockdowns Restriction will Boost the Online Travel Agency
Investment in the Advertisement of Online Travel Agency

Market Drivers:
Demand for Easy Travel Booking and Exploring Online Platform
Growing Digitalization and Need for Instant Travel Arrangements

Latest Market Insights:
On 14th January 2021, Trivago has acquired, a Germany-based startup - and online travel agency - targeting travelers who are looking for short breaks. Specific terms of the deal - a 100% share takeover - have not been disclosed. It is the first acquisition for accommodation search site Trivago since it bought TripBuddy, an AI-led personalization engine. The deal is being heralded as an opportunity for Trivago to place its "marketing and product expertise" into the brand and share hotel content.
"The U.K.'s Competition and Markets Authority (CMA) had been investigating the selling habits of some of the major online travel agencies for potential infringement of the Consumer Protection from Unfair Trading Regulations, 2008. This piece of regulation specifically addresses unfair commercial practices, misleading actions, misleading omissions, and aggressive commercial practices."

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Online Travel Agency Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Online Travel Agency market
Chapter 2: Exclusive Summary – the basic information of the Online Travel Agency Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Online Travel Agency
Chapter 4: Presenting the Online Travel Agency Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Online Travel Agency market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

finally, Online Travel Agency Market is a valuable source of guidance for individuals and companies.

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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.

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