Online Travel Market to Reach $1,091 Billion, Globally, by 2022
Online Travel Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $1,091 billion by 2022, registering a CAGR of 11.1% during the period 2016-2022. Asia-Pacific is expected to witness the highest growth during the forecast period. Direct travel suppliers, such as hotels, airlines and car rental companies, which offer booking facilities on their websites, dominate the market, whereas Online Travel Agencies (OTAs) would witness higher growth over the next 5 - 6 years.
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