Online Travel Agencies Market Share Growing Rapidly with Recent Trends, Development, Revenue, Demand and Forecast to 2032

The Online Travel Agencies market is estimated at USD 460.90 billion in 2022 and is projected to reach USD 900.10 billion by 2032, at a CAGR of 16.0% from 2022 to 2032.

Online travel agencies market has shown a tremendous growth in last few years and it may grow further in upcoming years. Online travel agencies frame and formulate various strategies to attract vast number of travelers. Online travel agencies are focusing on acquiring large number of customers with the help of direct booking services.

Direct booking service enables customer to book their travel and accommodation from any part of the world at any point of time. This facility can be avail on mobile devices or any other devices with internet. Thus, the simple operation of direct booking services helps to attract new set of customers. The direct booking services with the help of various platforms such as apps, websites, social media offer opportunity to agencies to connect directly with the customers and build a customer relationship.

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