Global Online Travel Agencies (OTAs) Services Market Growth (Status and Outlook) 2024-2030

Global Online Travel Agencies (OTAs) Services Market Growth (Status and Outlook) 2024-2030

An online travel agency (OTA) is a web-based marketplace that allows consumers to research and book travel products and services, including hotels, flights, cars, tours, cruises, activities and more, directly with travel suppliers.

The global Online Travel Agencies (OTAs) Services market size is projected to grow from US$ 1853.8 million in 2023 to US$ 3394.3 million in 2030; it is expected to grow at a CAGR of 9.0% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Online Travel Agencies (OTAs) Services Industry Forecast” looks at past sales and reviews total world Online Travel Agencies (OTAs) Services sales in 2023, providing a comprehensive analysis by region and market sector of projected Online Travel Agencies (OTAs) Services sales for 2024 through 2030. With Online Travel Agencies (OTAs) Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Online Travel Agencies (OTAs) Services industry.

This Insight Report provides a comprehensive analysis of the global Online Travel Agencies (OTAs) Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Online Travel Agencies (OTAs) Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Online Travel Agencies (OTAs) Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Online Travel Agencies (OTAs) Services and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Online Travel Agencies (OTAs) Services.

In 2022, the gradual relaxation of epidemic prevention and control measures around the world will have a positive impact on the rapid recovery of the tourism industry. According to data from the World Tourism Organization, the number of global travelers exceeded 900 million in 2022, a two-fold increase compared to 2021. In 2022, international tourism revenue returned to the US$ 1 trillion, a real increase of 50% compared with 2021. According to data from the Ministry of Culture and Tourism of China, in 2022, the total number of domestic tourists was ¥ 2.53 billion, and the domestic tourism revenue (total tourism consumption) was ¥ 2 trillion.

This report presents a comprehensive overview, market shares, and growth opportunities of Online Travel Agencies (OTAs) Services market by product type, application, key players and key regions and countries.

Segmentation by type
International and Domestic Airline Bookings
Tour and Packaged Travel Bookings
Accommodation Bookings
Cruise Bookings
Car Rental
Others

Segmentation by application
Desktop PC
Mobile Phone
Tablet

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Booking Holdings Inc.
Expedia Group Inc.
Trip.com Group Limited
Tripadvisor, Inc.
Odigeo
Despegar
MakeMyTrip Limited
Webjet Limited
Priceline
CVC
TUI Group

Please note: The report will take approximately 2 business days to prepare and deliver.