The Online Travel Agent Global Market Report 2020-30 by The Business Research Company describes and explains the global online travel agent market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Online Travel Agent Global Market Opportunities And Strategies Report covers online travel agent market drivers, online travel agent market trends, online travel agent market segments, online travel agent market growth rate, online travel agent market major players, and online travel agent market size.
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The online travel agent market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.
Online Travel Agent Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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Trends in the market include:
Demand From Solo Travelers-
Solo traveling is becoming increasingly popular due to changing lifestyles; with many people partnering and settling down later in life, young people taking gap years to travel independently, high divorce rates in many countries and the growing acceptance of solo travel. The demand from solo travelers is rising which is increasing opportunities for the travel industry. According to statistics, solo travel bookings increased to 42% in 2020 from 2018. iv The players in the travel industry are offering different flexible and cashless packages to attract these solo travelers.
Increasing Customer Acquisition-
Players in the online travel industry are increasingly focusing on customer acquisitions by launching direct booking platforms to attract a greater number of customers. The direct booking services through different platforms such as apps, websites, social media and others offer an opportunity for players in the online travel agent market to engage a greater number of customers and build positive customer relationships. For instance, in 2020, Skyscanner Ltd., a Scotland based travel agency launched its direct booking services to focus on customer acquisitions.
The market is segmented:
By Service Type-
a. Vacation Packages
b. Travel
c. Accommodation
By Platform-
a. Mobile/Tablet Based
b. Desktop Based
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