Dublin, March 16, 2022 (GLOBE NEWSWIRE) — The “Online Travel Agents Global Market Opportunities And Strategies To 2030, By Service Type, Mode Of Transport, Mode Of Booking” report has been added to ResearchAndMarkets.com’s offering.
The global online travel agent market reached a value of nearly $460.9 billion in 2020, having decreased at a compound annual growth rate (CAGR) of -3.5% since 2015. The market increased from $460.9 billion in 2020 to $972.1 billion in 2025 at a rate of 16.1%.
The decrease is mainly due to COVID-19 pandemic across all countries in the world as most countries went into lockdown with severe travel restrictions. Subsequently, industries such as airlines, railways, hospitality, and tourism all suffered major setbacks. The market is expected to grow at a CAGR of 5.9% from 2025 and reach $1,259.1 billion in 2030.
Growth factors in the historic period include strong economic growth in emerging markets, rapid population growth, demographic shift, improved…