According to the report, Increasing Utilization of Application-based Online Travel Agency for the Flights and Hotels Booking is one of the primary growth factors for the market. Demand for Easy Travel Booking and Exploring Online Platform
is also expected to contribute significantly to the Online Travel Agency market. Overall, Hotel
applications of Online Travel Agency, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.
AMAs Analyst on the Global Online Travel Agency Market identified that the demand is rising in many different parts of the world due to "Rapid Increase in Demand for Vacation and Traveling Since the Removal of Pandemic Lockdowns Restriction will Boost the Online Travel Agency
". One of the challenges that industry facing is "Presence of Fake Online Travel Agency Players in the Market Involved in Fraudulent Activities"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Online Travel Agency market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Online Travel Agency market and other related sub-markets covered in the study.
o Key & emerging players in the Online Travel Agency market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Online Travel Agency market size is calculated using market estimation process, the Online Travel Agency market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Online Travel Agency market size has been validated using both top-down and bottom-up approaches.