SWOT Analysis, Key Player, Market Growth, Size and Forecast to 2028 – The Greater Binghamton Business Journal
An exclusive reporting title “Online travel agency Market” published by Evolve Business Intelligence provides detailed analysis of market size and forecast with key insights such as current and future trends, consumption patterns, end-user preferences, growth and restraining factors, and profiling of the company. According to the published report, The Global Online Travel Agency (OTA) Market is estimated to be worth $147.58 Billion in 2028 and is expected to grow at a CAGR of 4.58% from 2021 to 2028.
Key players in the online travel agency market:
- Reserve credits
- com International, Ltd.
- THOMAS COOK GROUP PLC
- TRIVAGO GMBH
- Global Hostel Group
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COVID-19 Impact Analysis
The global online travel agency market is expected to have a negative impact in the near future (2020 and 2021) due to temporary shutdown of service facilities. Industry employees/executives experienced a slowdown in the distribution channel due to supply chain disruption. Product import and export sourcing has been impacted due to the temporary cross-border restriction.
Market Segment by Platform Types (Mobile and Desktop): The mobile segment is expected to grow at the highest CAGR during the forecast period.
Market Segment by Type of Service (Transportation, Travel Accommodation and Vacation Packages): Transportation segment accounted for the largest market size in 2020.
Market segment by age group (22-31, 32-43, 44-56 and >56): 22-31Segment to account for the highest CAGR during the forecast period.
Market Segment by Application (Reservations, Translation Service, Directional Guidance and Audio Guidance): The reservations segment accounted for the largest market size in 2020.
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Key region/countries covered
- North America (United States, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific)
- Rest of the world (Middle East & Africa and South America)
The geographical coverage of the study includes the factors that are impacting the growth and affecting the market in each region. The study of the region is classified according to the production, consumption, growth rate, supply and demand analysis, import and export in each country. In the online travel agency market, North America is expected to grow at the highest CAGR during the forecast period. The report also includes the detailed analysis of the companies associated with the Online Travel Agency market by region with major factors such as manufacturing facilities, revenue generated, production capacity, market share, product portfolio and SWOT analysis.
- What is the market size in 2020 and forecast from 2021 to 2028?
- What are the growth factors and trends associated with opportunities and challenges?
- Who are the major players associated with the Online Travel Agency Market?
- What is the market share and positioning of the key player in the online travel agency market?
- What are the Strengths, Weaknesses, Threats and Opportunities for each company in the Online Travel Agency market?
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