Online Travel Sites Market Share at Traveling

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Online Travel Sites Market Share. The market is expected to be moderately consolidated, yet due to the strong market activity like the entrance of new players from the global market and the rise fo startups within the region the market is foreseen to be volatile. The travel industry is estimated to be worth around $1.2 trillion annually, and the online booking market makes up 63% of that, or roughly $756 billion.

The State of Online Travel Agencies 2019 by Mauricio
The State of Online Travel Agencies 2019 by Mauricio from medium.com

The online travel sales figure is estimated to be growing at 12% annually. Extensive use of mobile travel applications and travel websites or review websites is propelling the use of online traveling platforms as compared to conventional trip advisors. The global online travel booking market was valued at over $ 765 billion in 2020 and is expected to witness progressive growth by 2027.

The State of Online Travel Agencies 2019 by Mauricio

Global online travel market 6. With a market cap of approximately 104.25 billion u.s. Current projections estimate that that market will grow by 8% in 2020, reaching an estimated worth of $817 billion. The online travel booking segment is one of the largest in the travel industry.