Online Travel Agencies Market Know the Prominent Factors That Will Help in Reshaping the Market Growth - Expedia Group, Ebury Partners UK, Fareportal, Hostelworld Limited, Hurb Co S/A, HRS, MakeMyTrip, Oracle Corporation, Priceline, SABS Travel Technologi

A significant growth driver for the online travel agencies industry is anticipated to be the quick shift in travel habits towards business leisure (bleisure) and food tourism. The term "bleisure travel" describes a hybrid travel paradigm that combines both business and leisure travel. After completing their official duties, people who travel for business in different countries love to experience the local cuisine and travel destinations. One in three business travelers will include a leisure element in at least one of their works trips each year, according to the Global Business Travel Association. It is projected that the market for online travel agents would be driven by food tourism, which has the potential to significantly accelerate development. Genuine gastronomic experiences are the main emphasis of food tourism. Experiencing regional specialties of certain nations through distinctive food and beverage activities while traveling has become more and more popular over the past several years. The size of the global online travel agencies industry, which was anticipated to be worth $460.92 billion and is expected to grow to $900.15 billion by 2032, a CAGR of 15.8% in the coming future.

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People are increasingly using social media sites as a result of the development of the internet. People initially browse websites, get thorough information, and assess the required item or service before making a purchase. Additionally, it has become customary to talk about trip plans on social media platforms like Twitter, Facebook, and travel blogs. The market for online travel agencies will grow over the anticipated period as a result of the fact that online travel service providers utilise social media as a platform to advertise their services and exclusive deals for making bookings online.

Travel technology agencies make it possible for customers to obtain travel-related services in a far more convenient and affordable manner than conventional offline services, which is projected to speed up sector growth throughout the projection period. Additionally, travel agencies are developing faster, user-friendly websites that function well on smartphones. Travelers may plan and book their vacations online with the help of these websites, which offer peer reviews, clear price comparisons, and 360-degree video tours. This is predicted to boost the market expansion during the projection period.

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Asia-Pacific has a sizable online travel market share, according to regional opportunities, and is anticipated to hold onto that share for the duration of the online travel market projection. In the internet travel sector, where China and India are the two most attractive markets, it has the largest development potential. The growth is attributable to rising middle-class segments, rising disposable income, and increased internet facility penetration. While MakeMyTrip, Yatra, and Cleartrip are the principal online travel agencies (OTA) in India, Ctrip is the industry leader for online travel in China.

Table of Contents:
1. Introduction
2. Research Methodology
3. Market Outlook
4. By Service Type, 2019-2029 (USD Billion)
5. By Device Platform, 2019-2029 (USD Billion)
6. By Payment Modes, 2019-2029 (USD Billion)
7. Regional Overview, 2019-2029 (USD Billion)
8. Competitive Landscape
9. Company Profiles
10. Appendix

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