Online Travel Agency (OTA) Market Analysis and Global Forecast (2021-2028) with COVID Impact Analysis

Name: Online Travel Agency (OTA) Market Analysis and Global Forecast (2021-2028) with COVID Impact Analysis
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Online Travel Agency (OTA) Market By Types of Platform (Mobile and Desktop) By Service Type (Transportation, Travel Accommodation and Vacation Packages) By Age Group (22-31, 32-43, 44-56 and >56) By Application (Making Reservations, Translation Service, Directional Guidance, and Audio Guidance) By Geography: Global trends, opportunities and forecast – 2021 to 2028

Report Code: EB_C&G_445| Page: 158 | Published Date: March 2021

Categories: Consumer & Goods, Travel

Description

The Global Online Travel Agency (OTA) market is estimated to be $147.58 billion in 2028 and is anticipated to grow at a CAGR of 4.58% from 2021 to 2028. The main purpose of an online travel agency is to arrange and sell transportation, trip, tour, and accommodation via the online platform. OTA ensures to ease out travel planning and bookings for travelers. Nowadays, the ease of booking through mobile applications has anticipated the growth of the OTA market globally.

The major factors that have impacted the growth of the OTA is Rise of social media, and growing middle and upper middle class.

Rise of social media

Since the revolution of social media, many e-commerce companies have gained popularity and attention. Nowadays, online travel agencies post their most frequently booked locations and locations which must be visited on their blogpost. This type of post is seen very frequently on social media which has increased awareness among people. Also, the ease of booking through mobile applications has expected to grow in the market.

Growing middle and upper middle class

The growth of middle and upper middle class has considerably expected to affect the online travel agency (OTA) market. Nowadays, middle class people can pay for transportation or trip for very economical packages which are pre-made by online travel agencies. Further, vacation packages made by online travel agency (OTA) can be very budget friendly and wholesome as travel, food and accommodation is pre-organized.

Transportation with safety is now a big concern in 2021 due to the global pandemic of COVID-19 in 2019-2020. This factor has caused awareness in online travel agency (OTA) to prioritize public safety and comfort while travelling.

The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the global online travel agency market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers to adopt various strategies to stabilize the company.

In terms of COVID 19 impact, the global online travel agency market report also includes following data points:

Impact on global online travel agency market size
End User Trend, Preferences and Budget Impact
Regulatory Framework/Government Policies
Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in global online travel agency market

Key Insight in the report:

The Global Online Travel Agency (OTA) market report covers Executive Summary, Market Dynamics, Trend Analysis, Market Size and Forecast, Competitive Intelligence, Market Positioning, Product Benchmarking, and Opportunity Analysis.

The report covers extensive competitive intelligence which includes following data points:

Business Overview
Business Model
Financial Data
Financial – Existing
Financial – Funding
Product Segment Analysis and specification
Recent Development and Company Strategy Analysis
SWOT Analysis

The report covers market sizing and forecasting at the country level as well as at the segment level. Online Travel Agency (OTA) Market is analyzed across below-mentioned different segments:

By Service Type
Transportation
Travel Accommodations
Vacation Packages
By Types of Platform
Mobile
Desktop
By Age Group
22-31
32-43
44-56
>56
By Application
Reservations
Translational Service
Directional Guidance
Audio Guidance

Online Travel Agency (OTA) Market is also analyzed across below-mentioned regions/countries

North America
- US
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
Rest of the World
- South America
- Middle East & Africa

Some of the key players in of Online Travel Agency (OTA) Market include:

Booking Holdings
TripAdvisor
Expedia
HOMEWAY
MAKEMYTRIP
VOYAGES
com International, Ltd.
THOMAS COOK GROUP PLC
Airbnb
TRIVAGO GMBH
Hostel World Group

Recent developments

In June 2020, Hostel World Group had developed a digital space Virtuallyahostel.com to bring the customers and hostels around the world together. Virtuallyahostel.com features five themed video chatrooms, where hostel owners are running interactive events that mirror the real-life experiences they host for guests.
In September 2020, Thomas Cook India & SOTC tap into the demand for offbeat/unique experiences Launch India’s Hidden Gems starting at INR. 11,500.

REPORT CONTENT BRIEF:

High level analysis of the current and future market trends and opportunities
Detailed analysis on current market drivers, restraining factors, and opportunities in the future
OTA market historical market size for year 2020, and forecast from 2021 to 2028
Vendor market share analysis at each product level
Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations and partnerships as well as funding taken and investment done, among others.

Target Audience

Manufacturers
Suppliers and traders
Government, associations, and industrial bodies
Investors and trade experts
Consulting Firms or Individual Consultant
Anyone interested in understanding industry dynamic of Global Travel Agency market

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Table of Content

Chapter 1.   Executive Summary

Chapter 2.   Scope Of The Study

                     2.1.   Market Definition

                     2.2.   Scope Of The Study

                               2.2.1.   Objectives of Report

                               2.2.2.   Limitations

                     2.3.   Market Structure

Chapter 3.   Evolve BI Methodology

Chapter 4.   Market Insights and Trends

                     4.1.   Supply/ Value Chain Analysis

                               4.1.1.   Raw Material Providers

                               4.1.2.   Manufacturing Process

                               4.1.3.   Distributors/Retailers

                               4.1.4.   End Users

                     4.2.   Porter’s Five Forces Analysis

                               4.2.1.   Threat Of New Entrants

                               4.2.2.   Bargaining Power Of Buyers

                               4.2.3.   Bargaining Power Of Suppliers

                               4.2.4.   Threat Of Substitutes

                               4.2.5.   Industry Rivalry

                     4.3.   Technology Overview

                     4.4.   Macro factor

                     4.5.   Micro Factor

Chapter 5.   Market Dynamics

                     5.1.   Introduction

                     5.2.   DROC Analysis

                               5.2.1.   Drivers

                               5.2.2.   Restraints

                               5.2.3.   Opportunities

                               5.2.4.   Challenges

                     5.3.   Patent Analysis

                     5.4.   Industry Roadmap

                     5.5.   Parent/Peer Market Analysis

Chapter 6.   Global Online Travel Agency (OTA) Market, By Types of Service

                     6.1.   Introduction

                     6.2.   Transportation

                     6.3.   Travel & Accommodation

                     6.4.   Vacation Packages

Chapter 7.   Global Online Travel Agency (OTA) Market, By Types of Platform

                     7.1.   Introduction

                     7.2.   Mobile

                     7.3.   Desktop

Chapter 8.   Global Online Travel Agency (OTA) Market, By Age Group

                     8.1.   Introduction

                     8.2.   22-31

                     8.3.   32-43

                     8.4.   44-56

                     8.5.   >59

Chapter 9.   Global Online Travel Agency (OTA) Market, By Application

                     9.1.   Introduction

                     9.2.   Making Reservations

                     9.3.   Translational service

                     9.4.   Directional Guidance

                     9.5.   Audio Guidance

Chapter 10.   Global Online Travel Agency (OTA) Market, By Region

                     10.1.   Introduction

                     10.2.   North America

                               10.2.1.   Introduction

                               10.2.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               10.2.3.   Market Size and Forecast, By Country, 2020 – 2028

                               10.2.4.   Market Size and Forecast, By Offering, 2020 – 2028

                               10.2.5.   Market Size and Forecast, By Organization Type, 2020 – 2028

                               10.2.6.   Market Size and Forecast, By Application, 2020 – 2028

                               10.2.7.   Market Size and Forecast, By End User, 2020 – 2028

                               10.2.8.   US

                                              10.2.8.1.   Introduction

                                              10.2.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              10.2.8.3.   Market Size and Forecast, By Offering, 2020 – 2028

                                              10.2.8.4.   Market Size and Forecast, By Organization Type, 2020 – 2028

                                              10.2.8.5.   Market Size and Forecast, By Application, 2020 – 2028

                                              10.2.8.6.   Market Size and Forecast, By End User, 2020 – 2028

                               10.2.9.   Canada

                                              10.2.9.1.   Introduction

                                              10.2.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              10.2.9.3.   Market Size and Forecast, By Offering, 2020 – 2028

                                              10.2.9.4.   Market Size and Forecast, By Organization Type, 2020 – 2028

                                              10.2.9.5.   Market Size and Forecast, By Application, 2020 – 2028

                                              10.2.9.6.   Market Size and Forecast, By End User, 2020 – 2028

                     10.3.   Europe

                               10.3.1.   Introduction

                               10.3.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               10.3.3.   Market Size and Forecast, By Country, 2020 – 2028

                               10.3.4.   Market Size and Forecast, By Offering, 2020 – 2028

                               10.3.5.   Market Size and Forecast, By Organization Type, 2020 – 2028

                               10.3.6.   Market Size and Forecast, By Application, 2020 – 2028

                               10.3.7.   Market Size and Forecast, By End User, 2020 – 2028

                               10.3.8.   Germany

                                             10.3.8.1.   Introduction

                                              10.3.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              10.3.8.3.   Market Size and Forecast, By Offering, 2020 – 2028

                                              10.3.8.4.   Market Size and Forecast, By Organization Type, 2020 – 2028

                                              10.3.8.5.   Market Size and Forecast, By Application, 2020 – 2028

                                              10.3.8.6.   Market Size and Forecast, By End User, 2020 – 2028

                               10.3.9.   France

                                              10.3.9.1.   Introduction

                                              10.3.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              10.3.9.3.   Market Size and Forecast, By Offering, 2020 – 2028

                                              10.3.9.4.   Market Size and Forecast, By Organization Type, 2020 – 2028

                                              10.3.9.5.   Market Size and Forecast, By Application, 2020 – 2028

                                              10.3.9.6.   Market Size and Forecast, By End User, 2020 – 2028

                               10.3.10.   UK

                                              10.3.10.1.   Introduction

                                              10.3.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              10.3.10.3.   Market Size and Forecast, By Offering, 2020 – 2028

                                              10.3.10.4.   Market Size and Forecast, By Organization Type, 2020 – 2028

                                              10.3.10.5.   Market Size and Forecast, By Application, 2020 – 2028

                                              10.3.10.6.   Market Size and Forecast, By End User, 2020 – 2028

                               10.3.11.   Nordic Region

                                              10.3.11.1.   Introduction

                                              10.3.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              10.3.11.3.   Market Size and Forecast, By Offering, 2020 – 2028

                                              10.3.11.4.   Market Size and Forecast, By Organization Type, 2020 – 2028

                                              10.3.11.5.   Market Size and Forecast, By Application, 2020 – 2028

                                              10.3.11.6.   Market Size and Forecast, By End User, 2020 – 2028

                               10.3.12.   Rest Of Europe

                                              10.3.12.1.   Introduction

                                              10.3.12.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              10.3.12.3.   Market Size and Forecast, By Offering, 2020 – 2028

                                              10.3.12.4.   Market Size and Forecast, By Organization Type, 2020 – 2028

                                              10.3.12.5.   Market Size and Forecast, By Application, 2020 – 2028

                                              10.3.12.6.   Market Size and Forecast, By End User, 2020 – 2028

                     10.4.   Asia-Pacific

                               10.4.1.   Introduction

                               10.4.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               10.4.3.   Market Size and Forecast, By Country, 2020 – 2028

                               10.4.4.   Market Size and Forecast, By Offering, 2020 – 2028

                               10.4.5.   Market Size and Forecast, By Organization Type, 2020 – 2028

                               10.4.6.   Market Size and Forecast, By Application, 2020 – 2028

                               10.4.7.   Market Size and Forecast, By End User, 2020 – 2028

                               10.4.8.   China

                                              10.4.8.1.   Introduction

                                              10.4.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              10.4.8.3.   Market Size and Forecast, By Offering, 2020 – 2028

                                              10.4.8.4.   Market Size and Forecast, By Organization Type, 2020 – 2028

                                              10.4.8.5.   Market Size and Forecast, By Application, 2020 – 2028

                                              10.4.8.6.   Market Size and Forecast, By End User, 2020 – 2028

                               10.4.9.   India

                                              10.4.9.1.   Introduction

                                              10.4.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              10.4.9.3.   Market Size and Forecast, By Offering, 2020 – 2028

                                              10.4.9.4.   Market Size and Forecast, By Organization Type, 2020 – 2028

                                              10.4.9.5.   Market Size and Forecast, By Application, 2020 – 2028

                                              10.4.9.6.   Market Size and Forecast, By End User, 2020 – 2028

                               10.4.10.   Japan

                                              10.4.10.1.   Introduction

                                              10.4.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              10.4.10.3.   Market Size and Forecast, By Offering, 2020 – 2028

                                              10.4.10.4.   Market Size and Forecast, By Organization Type, 2020 – 2028

                                              10.4.10.5.   Market Size and Forecast, By Application, 2020 – 2028

                                              10.4.10.6.   Market Size and Forecast, By End User, 2020 – 2028

                               10.4.11.   South Korea

                                              10.4.11.1.   Introduction

                                              10.4.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              10.4.11.3.   Market Size and Forecast, By Offering, 2020 – 2028

                                              10.4.11.4.   Market Size and Forecast, By Organization Type, 2020 – 2028

                                              10.4.11.5.   Market Size and Forecast, By Application, 2020 – 2028

                                              10.4.11.6.   Market Size and Forecast, By End User, 2020 – 2028

                               10.4.12.   Rest Of Asia-Pacific

                                              10.4.12.1.   Introduction

                                              10.4.12.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              10.4.12.3.   Market Size and Forecast, By Offering, 2020 – 2028

                                              10.4.12.4.   Market Size and Forecast, By Organization Type, 2020 – 2028

                                              10.4.12.5.   Market Size and Forecast, By Application, 2020 – 2028

                                              10.4.12.6. Market Size and Forecast, By End User, 2020 – 2028

                     10.5.   Rest Of The World (RoW)

                               10.5.1.   Introduction

                               10.5.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               10.5.3.   Market Size and Forecast, By Offering, 2020 – 2028

                               10.5.4.   Market Size and Forecast, By Organization Type, 2020 – 2028

                               10.5.5.   Market Size and Forecast, By Application, 2020 – 2028

                               10.5.6.   Market Size and Forecast, By End User, 2020 – 2028

Chapter 11.   Company Landscape

                     11.1.   Introduction

                     11.2.   Vendor Share Analysis

                     11.3.   Key Development Analysis

                     11.4.   Competitor Dashboard

Chapter 12.   Company Profiles

                     12.1.   Booking Holdings

                               12.1.1.   Business Overview

                               12.1.2.   Financial Analysis

                                              12.1.2.1.   Financial – Existing/Funding

                               12.1.3.   Product Portfolio

                               12.1.4.   Recent Development and Strategies Adopted

                               12.1.5.   SWOT Analysis

                     12.2.   TripAdvisor

                               12.2.1.   Business Overview

                               12.2.2.   Financial Analysis

                                              12.2.2.1.   Financial – Existing/Funding

                               12.2.3.   Product Portfolio

                               12.2.4.   Recent Development and Strategies Adopted

                               12.2.5.   SWOT Analysis

                     12.3.   Expedia

                               12.3.1.   Business Overview

                               12.3.2.   Financial Analysis

                                              12.3.2.1.   Financial – Existing/Funding

                               12.3.3.   Product Portfolio

                               12.3.4.   Recent Development and Strategies Adopted

                               12.3.5.   SWOT Analysis

                     12.4.   HOMEAWAY

                               12.4.1.   Business Overview

                               12.4.2.   Financial Analysis

                                              12.4.2.1.   Financial – Existing/Funding

                               12.4.3.   Product Portfolio

                               12.4.4.   Recent Development and Strategies Adopted

                               12.4.5.   SWOT Analysis

                     12.5.   MAKEMYTRIP

                               12.5.1.   Business Overview

                               12.5.2.   Financial Analysis

                                              12.5.2.1.   Financial – Existing/Funding

                               12.5.3.   Product Portfolio

                               12.5.4.   Recent Development and Strategies Adopted

                               12.5.5.   SWOT Analysis

                     12.6.   VOYAGES

                               12.6.1.   Business Overview

                               12.6.2.   Financial Analysis

                                              12.6.2.1.   Financial – Existing/Funding

                               12.6.3.   Product Portfolio

                               12.6.4.   Recent Development and Strategies Adopted

                               12.6.5.   SWOT Analysis

                     12.7.   Ctrip.com International, Ltd.

                               12.7.1.   Business Overview

                               12.7.2.   Financial Analysis

                                              12.7.2.1.   Financial – Existing/Funding

                               12.7.3.   Product Portfolio

                               12.7.4.   Recent Development and Strategies Adopted

                               12.7.5.   SWOT Analysis

                     12.8.   THOMAS COOK GROUP PLC

                               12.8.1.   Business Overview

                               12.8.2.   Financial Analysis

                                              12.8.2.1.   Financial – Existing/Funding

                               12.8.3.   Product Portfolio

                               12.8.4.   Recent Development and Strategies Adopted

                               12.8.5.   SWOT Analysis

                     12.9.   Airbnb

                               12.9.1.   Business Overview

                               12.9.2.   Financial Analysis

                                              12.9.2.1.   Financial – Existing/Funding

                               12.9.3.   Product Portfolio

                               12.9.4.   Recent Development and Strategies Adopted

                               12.9.5.   SWOT Analysis

                     12.10.   TRIVAGO GMBH

                               12.10.1.   Business Overview

                               12.10.2.   Financial Analysis

                                              12.10.2.1.   Financial – Existing/Funding

                               12.10.3.   Product Portfolio

                               12.10.4.   Recent Development and Strategies Adopted

                               12.10.5.   SWOT Analysis

                     12.11.   Hostel World Group

                               12.11.1.   Business Overview

                               12.11.2.   Financial Analysis

                                              12.11.2.1.   Financial – Existing/Funding

                               12.11.3.   Product Portfolio

                               12.11.4.   Recent Development and Strategies Adopted

                               12.11.5.   SWOT Analysis

Chapter 13.   Key Takeaways

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Research Methodology

Online Travel Agency (OTA) Market Analysis and Global Forecast (2021-2028) with COVID Impact Analysis

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