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Online Travel Agent Global Market Report 2021: COVID-19 Growth and Change to 2030

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    Report

  • April 2021
  • Region: Global
  • The Business Research Company
  • ID: 5315002
Online Travel Agent Global Market Report 2021: COVID-19 Growth And Change To 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global online travel agent market.







This report focuses on the online travel agent market which is experiencing strong growth. The report gives a guide to the online travel agent market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • 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 research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order.

Description:

Where is the largest and fastest growing market for the online travel agent market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Online Travel Agent Market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider online travel agent market, and compares it with other markets.
  • 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, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down 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.
  • Competitive landscape 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.
  • The online travel agent market section of the report gives context. It compares the online travel agent market with other segments of the online travel agent market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, online travel agent market indicators comparison.

Scope

Markets Covered:
1) By Service Type: Vacation Packages; Transportation; Accommodation
2) By Platform: Mobile/Tablets Based; Desktop Based3) By Category: Hotel Bookings; Tickets; Others

Companies Mentioned: Booking.com; Expedia, Inc.; Ctrip; Triadvisor; Trivago

Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Online Travel Agent Market

What is the estimated value of the Global Online Travel Agent Market?

The Global Online Travel Agent Market was estimated to be valued at $561.36 billion in 2021.

What is the growth rate of the Global Online Travel Agent Market?

The growth rate of the Global Online Travel Agent Market is 10.4%, with an estimated value of $833.52 billion by 2025.

What is the forecasted size of the Global Online Travel Agent Market?

The Global Online Travel Agent Market is estimated to be worth $833.52 billion by 2025.

Who are the key companies in the Global Online Travel Agent Market?

Key companies in the Global Online Travel Agent Market include Booking.com, Expedia Inc., Ctrip, Triadvisor, Trivago, eDreams Odigeo, Despegar, MakeMyTrip and On the Beach.

Table of Contents

1. Executive Summary2. Online Travel Agent Market Characteristics3. Online Travel Agent Market Trends And Strategies4. Impact Of COVID-19 On Online Travel Agent
5. Online Travel Agent Market Size And Growth
5.1. Global Online Travel Agent Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Online Travel Agent Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Online Travel Agent Market Segmentation
6.1. Global Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Vacation Packages
  • Transportation
  • Accommodation
6.2. Global Online Travel Agent Market, Segmentation By Platform, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Mobile/Tablets Based
  • Desktop Based
6.3. Global Online Travel Agent Market, Segmentation By Category, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Hotel Bookings
  • Tickets
  • Others

7. Online Travel Agent Market Regional And Country Analysis
7.1. Global Online Travel Agent Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Online Travel Agent Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Online Travel Agent Market
8.1. Asia-Pacific Online Travel Agent Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Online Travel Agent Market
9.1. China Online Travel Agent Market Overview
9.2. China Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Online Travel Agent Market
10.1. India Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Online Travel Agent Market
11.1. Japan Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Online Travel Agent Market
12.1. Australia Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Online Travel Agent Market
13.1. Indonesia Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Online Travel Agent Market
14.1. South Korea Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Online Travel Agent Market
15.1. Western Europe Online Travel Agent Market Overview
15.2. Western Europe Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Online Travel Agent Market
16.1. UK Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Online Travel Agent Market
17.1. Germany Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Online Travel Agent Market
18.1. France Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Online Travel Agent Market
19.1. Eastern Europe Online Travel Agent Market Overview
19.2. Eastern Europe Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Online Travel Agent Market
20.1. Russia Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Online Travel Agent Market
21.1. North America Online Travel Agent Market Overview
21.2. North America Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Online Travel Agent Market
22.1. USA Online Travel Agent Market Overview
22.2. USA Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Online Travel Agent Market
23.1. South America Online Travel Agent Market Overview
23.2. South America Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Online Travel Agent Market
24.1. Brazil Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Online Travel Agent Market
25.1. Middle East Online Travel Agent Market Overview
25.2. Middle East Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Online Travel Agent Market
26.1. Africa Online Travel Agent Market Overview
26.2. Africa Online Travel Agent Market, Segmentation By Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Online Travel Agent Market Competitive Landscape And Company Profiles
27.1. Online Travel Agent Market Competitive Landscape
27.2. Online Travel Agent Market Company Profiles
27.2.1. Booking.com
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Expedia, Inc.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Ctrip
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Triadvisor
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Trivago
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Online Travel Agent Market29. Online Travel Agent Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. The Publisher
30.5. Copyright And Disclaimer

Executive Summary

Major players in the online travel agent market are Booking.com, Expedia Inc., Ctrip, TripAdvisor, Trivago, eDreams Odigeo, Despegar, MakeMyTrip, Lastminute, and On the Beach.

The global online travel agent market is expected grow from $432.14 billion in 2020 to $561.36 billion in 2021 at a compound annual growth rate (CAGR) of 29.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $833.52 billion in 2025 at a CAGR of 10%.

The online travel agent market consists of sales of travel services through online channels. Online travel agents or agencies are those individuals or companies that have websites that allow consumers to book various travel related services via the internet. Travel agents are engaged in sales of travel services such as flights, buses, vacation packages, hotels, and rental cars via online networks.

The online travel agent market covered in this report is segmented by service type into vacation packages, transportation, accommodation and by platform into mobile/tablets based, desktop based.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Rising possibilities of uncertain events such as COVID19 outbreak or natural calamities is projected to limit the growth of the tourism industry and online travel agent. According to the UNWTO estimates, the global international tourist arrivals in 2020 is predicted to fall by 20% to 30% compared to the previous year (2019), which translates into a loss of $30-50 billion in travel spending by the international visitors. Thus, the online travel agent market is to record a decline in 2020 owing to the impact of COVID19 across the globe. Moreover, according to Travel Daily Media news, the Typhoon Mangkhut jolts Hong Kong and China leaving tourism, aviation, and transportation industry at standstill. Therefore, possibilities of natural events are probably to restraint the growth of the tourism industry including the online travel agent market during the coming years.

In January 2020, Despegar, a Latin America based online travel company acquired Best Day Travel Group for USD 136 million. This acquisition allows Despegar to increase revenues by 25%, further strengthening its market position as the leading travel agency both in Mexico and Latin America. Best Day Travel Group, a Mexico based online travel agency.

The surge smartphone users along with growing internet penetration are anticipated to boost the online tourism industry and the business for travel agents during the period. Increasing penetration of internet and growth in the number of smartphone users is contributing to the consumer shift towards online channels for travel ticket and hotel bookings. According to a special report on Digital 2019 published by We Are Social’s in January 2019, the number of internet users in 2019 augmented to 4.39 billion than in January 2018, recording a growth of 9% or 366 million users across the globe. Furthermore, the number of smartphone users increased by 100 million or 2% to 5.11 billion in 2019 compared to the previous year. Consequently, the rise in the number of smartphone users coupled with increasing internet penetration is forecast to propel the revenues for the online travel agent market during the years to come ahead.

Growing initiatives by the government of various countries to promote tourism and built strong tourism infrastructure in order to boost the revenues generated from the tourism industry is a major trend propelling the growth of the online travel agent market during the period. For instance, according to the Press Information Bureau- Ministry of Tourism, Government of India’s report published in July 2019, ministry of tourism is providing financial assistance under National Mission on Pilgrimage Rejuvenation and Spiritual Heritage Augmentation Drive (PRASHAD) and Swadesh Darshan schemes to various state and union territories for the development of tourism-related infrastructure in the country. Therefore, the government initiatives and steps to promote tourism and develop tourism infrastructure are to act as a key trend in the online travel agent market over the period.

The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Booking.com
  • Expedia Inc.
  • Ctrip
  • Triadvisor
  • Trivago
  • eDreams Odigeo
  • Despegar
  • MakeMyTrip
  • Lastminute
  • On the Beach
  • Alibaba Group Holding Limited
  • Hostelworld Group
  • Hotel Urbano Travel and Tourism SA
  • Fareportal Inc.
  • Trivago GmbH
  • ThomasCook Group
  • Priceline Group Inc.
  • HRS
  • Agoda
  • Airbnb Inc.
  • Hotel.de

Methodology

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