Online Travel Booking Market: Global Industry Analysis and Forecast (2023-2029)

Online Travel Booking Market was valued at US$ 561.99 Bn. in 2022 and the total revenue is expected to grow at 9.7% of CAGR through 2023 to 2029, reaching nearly US$ 1074.4 Bn.
A variety of booking services are offered by online travel agencies, including those for lodging, transportation, sightseeing, and car rentals. This platform displays details about various travel service providers and customer feedback on the services they offer. The term "online travel booking platform" has taken over the travel industry globally. Airlines, hotels, motels, taxis, and tailored vacation packages are now the services that use internet booking systems the most. Many other booking systems are also integrating event booking and driving online travel booking market. Online booking systems, according to an analysis, are internet-based booking software that consumers may access via a special URL to browse available services and make reservations and creating a huge demand in the online travel booking service market globally.